The US economy may not fully return to normal until 2022, and the stock market is at risk of a correction later in the summer, a leading economic forecaster said on Friday. Christophe Barraud, chief economist and strategist at Market Securities in Paris, said the best case for the US …
Read More »7 reasons the stock market may face severe turbulence next week and beyond: only one is the increase in coronavirus cases
The journey from here could get much more bumpy after the Dow recorded its worst one-day loss since June 11 on Friday, lowering the blue chip index to its lowest point since May 26 and at least momentarily leaving I encourage equity investors. who may be gradually losing their bullish …
Read More »A broken uptrend in key government bond yield could bode badly for stocks
Too much for V-shaped recovery. The yield on the 10-year Treasury bond TMUBMUSD10Y, 0.647% it just broke below an ascending trend line, suggesting that the uptrend of the COVID-19 low in early March has ended. That upward trend in rates was significant for both Main Street and Wall Street. It …
Read More »Gap hopes he can polish his image with a new clothing line Kanye West, echoing the rapper’s brand success with Adidas.
UBS analysts saw what Kanye West did for Adidas AG and thought that the controversial rapper and fashion designer could do the same for sick Gap Inc. Gap announced on Friday that it has partnered with Kanye for the Yeezy Gap collection that will include items for men, women and …
Read More »United States stops visas for Chinese officials for Hong Kong freedoms: Pompeo
WASHINGTON (Reuters) – United States Secretary of State Mike Pompeo said Friday that Washington was imposing visa restrictions on Chinese officials responsible for restricting freedoms in Hong Kong, but did not mention any of the targets. FILE PHOTO: United States Secretary of State Mike Pompeo gives a press conference on …
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