‘This is going to be one of the best Christmas seasons ever,’ market bull Ed Yardeni says
Long-time market bull Ed Yardeni is delivering a dose of optimism into year-end. Yardeni, who’s known for running investment strategy for Prudential and Deutsche Bank, expects the holidays to boost stocks deeper into record territory. “This is going to be...
Berkshire’s operating earnings pop 18% last quarter with Buffett’s cash pile at record $149 billion
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses...
Yen and Franc Followed Bonds Higher, Ignored Record Running Stocks
The developments last week were a bit confounding, as both stocks and bonds rallied notably. Yen and Swiss Franc followed the path of falling yields and rose as the biggest winner of the week. Dollar was not much helped by...
Weekly Economic & Financial Commentary: When Will the Shortages End?
Summary United States: When Will the Shortages End? Data released this week continue to paint the severity of supply chain bottlenecks. The ISM manufacturing index slipped to 60.8 in October, and the U.S. trade deficit widened to a record $80.9...
The Weekly Bottom Line: Supply Chain Strain is the Name of the Game
U.S. Highlights As widely expected, the Federal Reserve kept interest rate unchanged this week while announcing a reduction in its asset purchase program. The Fed will reduce securities purchases by 15 billion per month starting in November. The labor market...
Forward Guidance: US Inflation to Hold the Spotlight Next Week
All eyes will be on US inflation figures next week during a quiet period for Canadian data releases. US CPI growth is expected to remain elevated—up almost 6% relative to October 2020—as growth in consumer prices continue to be affected...
Week Ahead: A Week to Digest
It was a busy week of central bank meetings, which included the FOMC, BOE, and RBA. Jobs data from both the US and Canada last week also had investors excited. This week, events quiet down a bit. But that doesn’t...
Week Ahead – All About Inflation Now
After an impressive nonfarm payroll report and a successful avoidance of a Fed ‘taper tantrum’, the focus shifts to inflation. Everything from earnings season, the regional Fed surveys, and the ISM reports suggest that global supply chain pressures remain intense,...
Stocks making the biggest moves midday: Shake Shack, Peloton, Canada Goose and more
Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the exercise bike company tumbled more...
Biden lauds strong October jobs report as House works toward votes on big economic bills
US President Joe Biden delivers remarks on the October jobs report from the State Dining Room of the White House in Washington, DC on November 5, 2021. Brendan Smialowski | AFP | Getty Images WASHINGTON – President Joe Biden lauded...
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