Fed Hiking Rates to 6.5% Is ‘Real Risk’ for UBS Strategists
The combination of strong US growth and sticky inflation raises the odds the Fed hikes rather than cuts interest rates says UBS Group AG strategists.
Profits Surge at Goldman Sachs on Wall Street Revival
Profits at Goldman Sachs (GS) rose 28% in the first quarter as investment banking revenues surged, giving CEO David Solomon some needed momentum.
At a Brooklyn Pawnshop, Customers Are Flooding In to Sell Gold
Investors and metals traders can’t agree on what exactly is behind gold’s recent rally. At King Gold & Pawn in Brooklyn, the customers don’t care.
Consumer Price Index Report Triggers Stock Market Downturn
Wealth advisors should consider capitalizing on recent stock market downturn triggered by a surprising Consumer Price Index (CPI) report from March.
Charles Schwab's Profit Drops on Higher Interest Payouts
Charles Schwab's first-quarter profit fell 15% as higher interest on clients' deposits and borrowings offset gains from a surge in asset mgmt fees.