Traders Favor Two Fed Cuts in 2024 With US Rates at Year’s Highs
Traders’ conviction on 3/4-point interest-rate cuts from the Fed this year is quickly dissipating, with markets now favoring just two reductions.
Hedge Funder Says There’s ‘Something Immoral’ About America’s Reliance on Debt
Hedge funder Mark Spitznagel says there’s ‘something immoral’ about America’s reliance on debt—and future generations ‘will bear the burden for this'.
Wells Fargo Boosts End-2024 Target on S&P 500 to Street-High of 5,535
Wells Fargo raised its year-end target for U.S. benchmark S&P 500 index to 5,535 the highest among Wall Street brokerages.
JPMorgan’s Jamie Dimon is Worried About ‘Stickier Inflation and Higher Rates’
JPMorgan Chase (JPM) CEO Jamie Dimon said in a new shareholder letter that he is worried about a number of risks to a resilient US economy.
Nobel Winner’s Heirs Feud Over His Tuscan Villa and Millions
Nobel Prize-winning Canadian economist Robert Mundell, often referred to as “father of the euro,” died at his palatial home in Italy without a will.