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Technology

Vanguard expects a ‘resurgence’ in municipal bonds as investors are expected to ‘swoop’ to higher yields

Daineby DaineJanuary 19, 20230

Investors who invested in municipal bonds with paltry yields early last year are now expected to “rise” to the prospect of higher income following the …

Business

Dow drops more than 600 points, posts worst day of the year after weak economic data, Fed hawkish comments erase inflation cheer

Daineby DaineJanuary 18, 20230

US stock indexes closed sharply lower on Wednesday, with the Dow Jones Industrial Average and the S&P 500 index posting their worst day in more …

Technology

Dow drops 350 points after data suggests economic growth is slowing

Daineby DaineJanuary 18, 20230

US stock indexes were trading lower on Wednesday after data showed retail sales fell in December, although wholesale inflation also eased, allowing bond yields to …

Technology

Equity market rally looks ‘unsustainable’ as S&P 500 enters ‘new lower valuation regime’, Citi warns

Daineby DaineJanuary 18, 20230

This year’s stock market rally has pushed the S&P 500 index to valuation levels that make it difficult for the index to climb much higher …

Business

Wall Street’s ‘fear gauge’ flashes warning that stocks may have plunged off a cliff

Daineby DaineJanuary 18, 20230

Wall Street’s fear gauge fell to its lowest level in months and Wall Street strategists fear it could be a warning that the latest stock …

Technology

Wall Street’s ‘fear gauge’ flashes warning that stocks may have plunged off a cliff

Daineby DaineJanuary 17, 20230

Wall Street’s fear gauge fell to its lowest level in months and Wall Street strategists fear it could be a warning that the latest stock …

Business

These 2 states account for a third of America’s public sector pension crisis

Daineby DaineJanuary 17, 20230

Step up, California and Illinois! Your state and local pension funds are so poorly funded that you two states alone account for about a third …

Business

Caterpillar shares rise to fourth straight high after BofA analyst becomes Wall Street’s top bull

Daineby DaineJanuary 15, 20230

Shares of Caterpillar Inc. rose on Friday to a record fourth consecutive close, after BofA Securities analyst Michael Feniger turned bullish on his belief that …

Technology

Caterpillar shares rise to fourth straight high after BofA analyst becomes Wall Street’s top bull

Daineby DaineJanuary 15, 20230

Shares of Caterpillar Inc. rose on Friday to a record fourth consecutive close, after BofA Securities analyst Michael Feniger turned bullish on his belief that …

Technology

Bank of America’s Subramanian says S&P 500 earnings risk 10% drop in 2023

Daineby DaineJanuary 15, 20230

“ ‘We are likely to see some downward revisions [to earnings] and our forecast for earnings growth for 2023 is $200 for the S&P 500. …

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