JPMorgan, Goldman pick top Southeast Asia markets for 2022

Indonesia’s stocks are among the top picks of JPMorgan Asset Management and Goldman Sachs for 2022. In this photo from April 2019, the statue of a bull is standing at the lobby of the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia. Dimas Ardian | Bloomberg via Getty Images Geopolitical tensions around the world have been … Read more

2-year Treasury yield tops 10-year rate, a ‘yield curve’ inversion that could signal a recession

Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, March 7, 2022. andrew kelly | Reuters The 2-year and 10-year Treasury yields inverted for the first time since 2019 on Thursday, sending a possible warning signal that a recession could be on the horizon. The bond … Read more

5 things to know before the stock market opens Wednesday, March 30

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks lower after logging a multiday winning streak Traders on the floor of the NYSE, March 29, 2022. Source: NYSE US stock futures pointed to a lower open Wednesday, one day after the Dow Jones … Read more

5 things to know before the stock market opens Monday, March 28

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady after two-week winning streak Traders on the floor of the NYSE, March 21, 2022. Source: NYSE US stock futures were relatively flat on Monday. Wall Street was looking to close out a monthly … Read more

Recession risks are ‘uncomfortably high and moving higher,’ Mark Zandi says

new York CNN Business — The war in Ukraine. Red-hot inflation. And rapid interest rate hikes. The economic recovery that began two years ago faces credible threats that could lead to its premature demise. The US economy has at least a one-in-three chance of sinking into a recession over the next 12 months, Moody’s Analytics … Read more

5 things to know before the stock market opens Wednesday, March 23

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures drop, a day after Wall Street had resumed its upswing Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters 2. Moderna … Read more

5 things to know before the stock market opens Tuesday, March 22

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks higher after breaking multiday win streaks Traders on the floor of the NYSE, March 18, 2022. Source: NYSE 2. Ukraine retakes Kyiv suburb; Biden says Putin ‘against the wall’ Service members of the Ukrainian … Read more

St. Louis Fed’s Bullard says the central bank should raise rates above 3% this year

James Bullard david orrel | CNBC St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public it is serious about fighting inflation. As the lone dissenter at this week’s Federal Reserve meeting, Bullard said in a statement … Read more

Here’s what the Fed’s expected rate hike means for your wallet

The Federal Reserve is expected to raise rates Wednesday as they look to contain soaring inflation. The first quarter-point increase in the federal funds rate in three years will likely lay the groundwork for additional hikes to follow. “The cumulative effect of rate hikes is what is really going to have an impact on the … Read more

5 things to know before the stock market opens Wednesday, March 9

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow futures rise 600 points, a day after more wild swings Traders at the NYSE, March 8, 2022. Source: NYSE Dow futures rose 600 points, or roughly 1.7%, on Wednesday. Gains in S&P and Nasdaq futures were … Read more