Another bubble has emerged from a banking sector crisis that has already brought down three regional US banks, Bank of America (NYSE:BAC) analysts led by Michael Hartnett say. Investors should sell shares rather than buy them after the latest rate hike by the US Federal Reserve (Fed), according to theseContinue Reading
After the world’s largest asset manager faced sharp declines in stock and bond markets last year, BlackRock Inc. plans to lay off about 500 employees, about 2.5% of its global workforce. Chief Executive Officer Larry Fink and President Rob Kapito wrote Wednesday, “The uncertainty that surrounds us makes it moreContinue Reading
Inflation in the United States slowed in November, but with a slowdown in consumption just as the end-of-year shopping season began, which could herald a recession in 2023. According to the PCE index, inflation fell to 5.5% year-on-year in November from 6.1% in October, which is used by the USContinue Reading
It is trying to figure out what is going to happen to the world economy as 2023 approaches. Joe Biden recently said that the US economy is “very strong,” a categorization with which many top executives and economists disagree. In a recent survey published by The Tampa Herald, 91% ofContinue Reading
American economists dedicate a chapter to the “hooks” that supermarkets often put on consumers to entice them to buy. It is not based solely on offers but on an increasingly studied behavior of consumers. Everything is to seduce and induce them to spend. But in Argentina version 2022 it isContinue Reading
In the United States, the IPC data for the month of July were lower than in the previous month. The drop has been even greater than what the market expected. The slowdown in the rise in prices is confirmed. Inflation in year-on-year terms rises to 8.5%, below the 9.1% inContinue Reading
In view of the latest inflation forecasts for low PIB growth, you have to have an emergency mattress and throw a certain risk blanket over it so as not to end up sleeping, with the one that is falling and about to fall, on the ground. Natalia de Santiago, anContinue Reading
We are currently seeing how in the world there is an imbalance in all sectors of the economy from the most basic such as agriculture to the most innovative such as the technology industry. This global chaos has been generated as a result of several factors such as the post-pandemicContinue Reading
Bank of America Corp. Chief Investment Strategist Michael Hartnet said a recessionary shock is brewing for stock markets after the S&P 500 posted its worst half in more than 50 years. Hartnett wrote in a note about expectations of aggressive Fed rate hikes peaking, inflation expectations not, and BofA isContinue Reading
The dollar reaching historical prices of $4,200 pesos, borrowed money becoming more and more expensive, with reference rates of 7.5%, the maximum in six years, and skyrocketing inflation of more than 9% annualized. All this affects the pocket of Colombians. Orlando Santiago Jácome, manager of Fénix Valor, explains that theContinue Reading