U.S. stocks have worst day in nearly three weeks as hawkish Fed speak, China worries rattle markets

U.S. stocks had their worst day in nearly three weeks on Monday as protests in China raised global-growth risks and Federal Reserve officials said more interest-rate increases will be needed to subdue inflation. How stocks traded The Dow Jones Industrial Average DJIA, -1.45% finished down by 497.57 points, or 1.5%, at 33,849.46, not far from … Read more

Stocks Rise as Fed Minutes Suggest Smaller Interest-Rate Increases Soon

U.S. stocks rose Wednesday as minutes from the Federal Reserve’s latest meeting showed most officials favored slowing interest-rate increases soon. The S&P 500 gained 0.6%, while the Dow Jones Industrial Average added 0.3%, or roughly 130 points. The Nasdaq Composite added 1%. The Fed this year has been boosting interest rates at the fastest pace … Read more

Collapse of Carvana, the ‘Amazon of Used Cars’, Continues

The sky is not clearing up for Carvana.  On the contrary, big clouds continue to gather over the company which was one of the big winners of the covid-19 pandemic, with a massive growth.  Since announcing its quarterly results on Nov. 3, Carvana  (CVNA) – Get Free Report shares have lost 44% of their value and … Read more

Schwab’s Liz Ann Sonders Sees Trouble Still Ahead. Where to Invest Now.

Though the U.S. stock market looks healthier than it did during its rough patch over the summer, Charles Schwab Chief Investment Strategist Liz Ann Sonders sees potential trouble still ahead, especially as investors have yet to come to terms with the Federal Reserve not flipping from raising rates to cutting them soon, barring a crisis. … Read more

Transmission of rate hikes to market interest rates to rise in coming months: CRISIL

With reducing liquidity, the transmission of rate hikes to market interest rates will increase in the coming months, according to CRISIL. This could take some steam off the strength in credit growth and hit growth by next year, opined the credit rating agency. “The RBI’s rate hike of 190 basis points so far this fiscal … Read more

Biden-Xi meeting giving hope to global economy

Biden-Xi meeting giving hope to global economy – CBS News Watch CBS News The meeting between President Biden and Chinese President Xi Jinping was seen as a good sign by traders who bet on the markets. Eswar Prasad, the Tolani senior professor of trade policy at Cornell University, joined CBS News’ John Dickerson to discuss … Read more

Rising interest rates to mute corporate bond issuance by 4-5% in the current fiscal – know what this report says

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Active managers see boost from the energy trade

This may be the year for active managers investing heavily in the energy space — and commodity trading advisors, known as CTAs, appear to be among the winners. Dynamic Beta Investments’ Andrew Beer is in the space. He co-runs the iMGP DBi Managed Futures Strategy ETF, which is up 24% so far this year. “CTA … Read more

Impact of latest interest rate hike on U.S. economy and Americans

Impact of latest interest rate hike on U.S. economy and Americans – CBS News Watch CBS News CBS News chief foreign affairs correspondent Margaret Brennan joins CBS News’ Catherine Herridge to discuss this week’s edition of “Face the Nation.” They break down the Federal Reserve’s latest interest rate hike and preview an upcoming exclusive interview … Read more

Stock market rally will be put to test in week ahead, after yields fall and tech surges

The stock market’s rally after October’s inflation report will be tested in the week ahead, as investors watch some major retailers’ earnings and a flurry of Federal Reserve speakers. But the main event is the market itself and whether it can turn a supercharged move higher into a more lasting rally that lifts stocks into … Read more