With the global economy teetering and markets in turmoil – the recent crash of the British pound and bond market being the latest examples – central banks are facing an acute dilemma they haven’t dealt with for a long time: choosing between price stability – tightening monetary policy to keep inflation from spiraling out of … Read more
Wall Street is on a roller coaster again, as investors try to navigate the path between high inflation and the Fed’s aggressive interest rate hikes. The former is raging – whether you blame Russia or Biden, the fact of high inflation can no longer be avoided – while the latter is rising – but whether … Read more
(Bloomberg) — Another shock central bank move, another lockstep market reaction across Wall Street and beyond. Most Read from Bloomberg This time it was the Bank of England’s dramatic intervention in government bonds that took global traders by storm, underscoring how every asset remains at the mercy of monetary officials in crisis-fighting mode. After British … Read more
Creating income for retirement is one of the biggest challenges American workers have in planning for how they will be able to live comfortably once they stop working. One of the most common ways to create this income is to buy yourself an annuity. , though, shows that if you’ve managed to save a sufficient … Read more
Starbucks (): The coffee giant increased its quarterly dividend to 53 cents per share from 49 cents, effective November 25, 2022 to shareholders on record November 11, 2022. Starbucks initiated its dividend in 2010 and has increased it every year since. Vail Resorts (): The company’s loss narrowed in its fiscal fourth quarter and sales … Read more
(Bloomberg) — US stocks and Treasuries rallied on Wednesday after the Bank of England’s decision to stage a market intervention boosted UK bonds and tentatively calmed markets. Most Read from Bloomberg The S&P 500 snapped a six-day rout, rising the most since early last month, and for the first time since the Federal Reserve boosted … Read more
Is farmland an inflation hedge? The owners of Farmland Partners Inc. (NYSE: ) probably think so. Unfortunately for them, it’s not working out right now as the real estate investment trust (REIT) dropped from $16.25 in April to its current price of $12.59. That’s a 22.5% loss in just five months — more than the … Read more
Netflix () shares soared on Wednesday after Atlantic Equities from Neutral to Overweight, citing upside potential in the streaming giant’s . Analyst Hamilton Faber raised his price target to $283 from $211, surmising that the ad rollout “could be extremely material.” He added that he does not “believe the benefit is currently reflected in the … Read more
(Bloomberg) — Hurricane Ian is bearing down on Florida, threatening to further destabilize a homeowners-insurance market already teetering on the edge of disaster. Most Read from Bloomberg The storm is expected to make landfall along the southwest Florida coast late Wednesday or early Thursday. While Ian’s strength and trajectory are subject to change in the … Read more
It’s no secret that the Federal Reserve is committed to getting inflation back under control. The central bank raised its benchmark interest rates by 75 basis points last week, marking the third such hike in a row.The central bank raised its benchmark interest rates by 75 basis points last week, marking the third such hike … Read more