Stocks pace towards worst start since 1970

Stocks pace towards worst start since 1970

The week ahead will bring to an end the second quarter and the first half of what has been a challenging 2022 for investors. Several key economic reports, including core PCE inflation – the Federal Reserve’s preferred measure of consumer prices – are on tap, along with earnings from Nike (NKE), Jefferies (JEF), Micron Technology … Read more

IMF chief Kristalina Georgieva says US recession would be a ‘necessary price’ to defeat inflation

One of the world’s leading financial experts – who earns a $ 500,000 tax-free salary – has claimed a seemingly-impending recession is a ‘necessary price to pay’ to cut inflation. Kristalina Georgieva – head of the International Monetary Fund – made the remarks on Friday. She said a rebound in the global economy post COVID … Read more

Waters and Green Complete Investigation of Meme Stock Market Event; Release Report Revealing the Troubling Business Practices and Inadequate Risk Management Leading up to the Trading Frenzy

Today, Congresswoman Maxine Waters (D-CA)Chairwoman of the Committee on Financial Services, and Congressman Al Green (D-TX)Chair of the Subcommittee on Oversight and Investigations, released a Majority staff report entitled, “Game Stopped: How the Meme Stock Market Event Exposed Troubling Business Practices, Inadequate Risk Management, and the Need for Regulatory and Legislative Reform. ” GameStop Corporation … Read more

Quarter-end buying may lift stocks higher before the next market storm

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an … Read more