International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. Fabrice Coffrini | Afp | Getty Images The global economic outlook is not as bad as feared a couple of months ago — “but less bad doesn’t quite yet mean […]
China’s reopening has been one of the most discussed topics at the World Economic Forum in Davos. Bloomberg | Bloomberg | Getty Images DAVOS, Switzerland — China’s economic reopening might boost global growth, but the business leaders and policymakers at the World Economic Forum this week are also a little anxious on its potential inflationary […]
Forget inflation. Disinflation could be the big surprise of 2023, according to UBS. “Having peaked higher and persisted for longer than most expected, inflation is finally rolling over fast. From here, we think the pace of disinflation will also be faster than markets expect,” UBS’ strategist Nicolas Le Roux wrote in a Wednesday note. Investors […]
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: […]
2022 was a bad year for many investors, with most stocks — especially tech — plummeting to levels not seen since 2008. The tech-heavy Nasdaq Composite Index dropped more than 33% in 2022, while the S & P 500 fell nearly 20%. But there could be some opportunities in the chaos, with a number of […]
There’s a bullish case on stocks that’s not gained much traction yet. With another 4%-5% upside in the S & P 500 , the thesis would demand serious attention. It goes like this: “The market bottomed exactly three months ago in October, the most common month for bears to expire, just ahead of a midterm […]
People walk along Waterloo Bridge past the City of London skyline, the capital’s financial district. U.K.-focused equity funds saw record outflows in 2022. Sopa Images | Lightrocket | Getty Images LONDON — U.K. GDP grew 0.1% in November, according to new data Friday from the Office for National Statistics, defying economists’ expectations and reducing the […]
Popular repayment plans lead to forgiveness After 20 to 25 years of payments, borrowers enrolled in so called income-driven repayment plans get any remainder of their debt cancelled by the federal government. “Income-driven repayment plans are also student loan forgiveness plans,” Kantrowitz said. In the meantime, borrowers’ monthly bills are capped at a share of […]
