DJIA

This asset class is poised to rise 38% because markets overestimate risk of global recession, Goldman says

This asset class is poised to rise 38% because markets overestimate risk of global recession, Goldman says

Still releasing from Fed Chairman Jerome Powell’s Higher-for-longer remarks last weekriskier asset like equities look set for another battering, on Monday. “You can’t have the stock market collapse over 5% on the words of one man,” grumbled FWDBONDS’ chief economist Chris Rupkey, who sees a major credibility problem for the central bank. “Fed officials set …

This asset class is poised to rise 38% because markets overestimate risk of global recession, Goldman says Read More »

Fed chief Powell 'did what he needed to do' in Jackson Hole, Larry Summers says

Fed chief Powell ‘did what he needed to do’ in Jackson Hole, Larry Summers says

“ ‘The Fed is positioned as well as it can be — given the credibility losses and mistakes that there have been — with these remarks to manage things going forward.’ ” — Larry Summers Former US Treasury Secretary Lawrence Summers handed out some rare praise for the Federal Reserve on Friday, saying Fed chief …

Fed chief Powell ‘did what he needed to do’ in Jackson Hole, Larry Summers says Read More »

Battery Factories Are Coming to US so Car Makers Can Rely Less on China

Battery Factories Are Coming to US so Car Makers Can Rely Less on China

Text size Panasonic might be bringing more lithium ion battery capacity to the US Patrick T. Fallon/Bloomberg The US car industry continues to build out its own electric-vehicle supply chain. That will help all auto makers achieve their EV ambitionsincluding Ford Motor , General Motors and Tesla . Hopefully, reshoring supply will mean lower costs. …

Battery Factories Are Coming to US so Car Makers Can Rely Less on China Read More »

Fed chief Powell 'did what he needed to do' in Jackson Hole, Larry Summers says

Fed chief Powell ‘did what he needed to do’ in Jackson Hole, Larry Summers says

“ ‘The Fed is positioned as well as it can be — given the credibility losses and mistakes that there have been — with these remarks to manage things going forward.’ ” — Larry Summers Former US Treasury Secretary Lawrence Summers handed out some rare praise for the Federal Reserve on Friday, saying Fed chief …

Fed chief Powell ‘did what he needed to do’ in Jackson Hole, Larry Summers says Read More »

Fed's Powell sparked a 1,000-point rout in the Dow.  Here's what investors should do next.

Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next.

Now it might be the time to consider hiding out in short-dated Treasurys or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell talked of a willingness to inflict “some pain” on households and businesses in an unusually blunt Jackson Hole speech that hinted at a 1970s-style …

Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next. Read More »

Fed's Powell sparked a 1,000-point rout in the Dow.  Here's what investors should do next.

Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next.

Now it might be the time to consider hiding out in short-dated Treasurys or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell talked of a willingness to inflict “some pain” on households and businesses in an unusually blunt Jackson Hole speech that hinted at a 1970s-style …

Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next. Read More »