Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, Sept. 23, 2022. To the Dragon | Bloomberg | Getty Images To the Dragon | Bloomberg | Getty Images As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and … Read more
US Federal Reserve Board Chairman Jerome Powell pauses during a news conference in Washington, DC, on September 21, 2022. Saul Loeb AFP | Getty Images I wrote about the action of central bankers last week, suggesting that the rapid increase in interest rates, led by the US Federal Reserve, would lead to a meaningful break … Read more
At CNBC’s Delivering Alpha Investor Summit in New York City Wednesday, several big names in the investor community indicated they see no signs inflation is waning. David Rubenstein, the co-founder and co-chairman of Carlyle Groupsaid while “we’ve been used to 2% inflation for the last 25 years, we have to get used to the fact … Read more
An aerial picture taken on September 29, 2022 shows a flooded neighborhood in the aftermath of Hurricane Ian in Fort Myers, Florida. Ricardo Arduengo AFP | Getty Images Hurricane Ian slammed into southwest Florida on Wednesday afternoon. The Category 4 hurricane, one of the biggest storms to ever hit the US, tore through the state … Read more
A security guard stands outside the London Stock Exchange building on December 29, 2020. Remove Akmen | AFP via Getty Images UK bond markets and the pound went into freefall this week as investors balked at the new government’s fiscal policy announcements, and some analysts believe opportunities are arising. The Bank of England on Wednesday … Read more
An 87-year-old mutual fund formed in the depths of the Great Depression is beating the S & P 500 this year. Its strategy: Do nothing. What is today the Voya Corporate Leaders Trust Fund was first established in 1935 as a concentrated portfolio of 30 blue chip companies that were considered unlikely to go bankrupt … Read more
The Bank of England on Wednesday launched a historic intervention in the UK bond market in order to shore up financial stability, with markets in disarray following the new government’s fiscal policy announcements. Bloomberg | Bloomberg | Getty Images LONDON – The Bank of England launched a historic intervention to stabilize the UK economyannouncing a … Read more
A customer places an order September 24, 2022 at a McDonald’s Restaurant along the New York State Thruway in Hannacroix, New York. Robert Nickelsberg | Getty Images News | Getty Images A group representing McDonald’s owners said the company rejected its request to delay changes to franchising policies, including updated standards and adjustments to how … Read more