Cyclicals riskier than growth stocks: Morgan Stanley’s Mike Wilson
Morgan Stanley’s Mike Wilson is telling investors to avoid a popular trade tied to the economy. “Cyclicals probably are more risky now than the growth stocks,” the firm’s chief U.S.…
Pakistan’s economy is on the brink of collapse
People light a bonfire to warm themselves during a nationwide power outage, in Muzaffarabad on January 23, 2023. Sajjad Qayyum | Afp | Getty Images Pakistan’s economy is on a…
Bank Of England Raises Interest Rate Tenth Time In Row, Up To 4%
The Bank of England will lift its key interest rate by a half-point to 4.0 per cent. London: The Bank of England on Thursday hiked its interest rate for a…
Bank of England’s Andrew Bailey tempers talk of pause, pivot in hikes
Governor of the Bank of England Andrew Bailey has talked down expectations that the central bank is readying to pause or pivot rate hikes. Yui Mok | Afp | Getty…
India needs to strike right balance as budget looms, say analysts
India’s finance minister will present the annual budget to parliament on Wednesday. Seen here is a roadside vendor selling rice in Mumbai, India. Bloomberg | Getty Images India’s finance minister…
Fed rate decision February 2023: Quarter point hike
The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication it is nearing the end of this hiking cycle. Aligning with…
Inflation euro zone January 2023 print ahead of ECB rate meeting
Inflation in the euro zone eased in the last two months of 2022 but the economic indicator is still well-above the 2% mandate of the European Central Bank. Jeff Greenberg…
Employment cost index Q4 2022:
Employment costs increased at a slower than expected pace in the fourth quarter, indicating that inflation pressures on business owners are at least leveling off. The employment cost index, a…
Investors dangerously ignoring bear market impact on earnings
Famed short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the Street 1980 not one bear market has ever traded above nine times to 14…
Americans pick ‘the government’ as the country’s top problem: poll
Americans now say that a lack of leadership from President Biden and the Congress is the country’s biggest problem — outpacing inflation, the immigration crisis and the state of the…