Investors Increasingly Expect 'No Landing' for US Economy
Investors believe the US economy is headed for a "no landing" scenario, in which inflation doesn't reach the Fed's 2% target, but the economy grows.
Exclusive-Software Vendor Envestnet Explores Sale After Receiving Takeover Interest
Envestnet, a U.S. software vendor with a market value of about $3.5B is exploring options that could include a sale after receiving takeover interest.
David Brady Predicts the Future of the S&P 500
Anticipate a 30% drop in stock values, with a potential recovery ahead of the presidential election, followed by a plunge to levels unseen in 14 yrs.
Powell Says Taking 'Longer Than Expected' for Inflation to Reach Fed's 2% Target
Federal Reserve Chair Jerome Powell that it will take "longer than expected" to achieve the confidence needed to get inflation down to the 2% target.
Bank of America Profits Drop as Key Lending Revenue Weakens
BOA said that first-quarter profits dropped 18% from a year ago as a key revenue source weakened.