Federal Reserve Board Chairman Jerome Powell. (Photo by Samuel Corum/Getty Images) Getty Images Federal Reserve (Fed) policy makers have fully met market expectations. As part of their still-new counter-inflationary effort they have ended their practice of directly buying securities in financial markets, what the Fed calls “quantitative easing” and raised the benchmark federal funds rate…
Christian Sinding, chief executive officer of EQT Partners AB, at the company’s offices in Zurich, … [+] Switzerland, on Thursday, Sept. 23, 2021. EQT, like many of its competitors, has benefited from record deal flow and fund raising for the global private equity industry. Photographer: Stefan Wermuth/Bloomberg © 2021 Bloomberg Finance LP Fast growing Swedish private…
. The stream of income offered by dividends provides some comfort in volatile market conditions. Treasury yields have begun to rise from the all-time lows seen throughout 2020. As of March 14, 2022, the yield on the 10-year note was above 2% for the first time since 2018. As Treasury rates surpass the average dividend…
Getty Images Getty Images As of Monday the NASDAQ is officially in a bear market. The Russell 2000 has been there for a month, but it also hasn’t gotten any worse during that month. At this point I think most people would be happy with a sideways market. It’s been a treacherous month of faded…
Topline The Federal Reserve announced a 0.25% interest rate hike on Wednesday—the first increase since 2018, while also forecasting a more-than-expected six additional hikes this year, as the central bank looks to combat surging inflation and ease concerns about the economic impact from Russia’s invasion of Ukraine. The central bank predicted six more rate hikes…
Topline The Federal Reserve on Wednesday raised interest rates for the first time in more than three years in an effort to combat the quickest surge in prices in over 40 years, kicking off a series of rate hikes that will make a slew of debt offerings—including some student loans, credit cards and future mortgages—more…
Alexandr Spac, of Moldova, competes during the men’s 77kg weightlifting competition at the 2016 … [+] Summer Olympics in Rio de Janeiro, Brazil, Wednesday, Aug. 10, 2016. (AP Photo/Mike Groll) ASSOCIATED PRESS Shareholder activists who are searching for undervalued or underperforming companies could find an exceptionally target-rich environment among the SPACs that completed M&A deals…
Nina E. Olson, executive director of the Center for Taxpayer Rights, in front of her old haunt in … [+] January 2020—before Covid-19 thrust the IRS into its current crisis. Jacquelyn Martin/ASSOCIATED PRESS The Internal Revenue Service entered this tax filing season severely backlogged and shorthanded—the result of decades of underfunding exacerbated by Covid-19 related…
Cadillac LYRIQ on April 19, 2021 in Shanghai, China. (Photo by Wu Kai/VCG via Getty Images) VCG via Getty Images With gasoline prices surging, the timing could not be better for another high-end electric SUV. General Motors GM (GM) announced on Tuesday that production of its Cadillac Lyriq is set to begin next week. With…
Topline The stock market opened higher on Wednesday, adding to gains earlier this week, as investors await the Federal Reserve’s latest monetary policy decision, with the central bank expected to raise rates for the first time since 2018 as it looks to combat surging inflation. Federal Reserve Chairman Jerome Powell. Tom Williams/Pool via ASSOCIATED PRESS…