Yahoo News

Investors should buckle up as it could get hairy this year with the Federal Reserve poised to begin lifting interest rates from rock bottom levels.  “I definitely think we will experience more volatility in 2022 than what we have seen certainly over the last year, but even going back over the last decade. We started to see in 2021 volatility creep up, and I think we will see volatility creep up even further in 2022,” said Pimco portfolio manager Erin Browne on Yahoo Finance… Source link

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases and chief medical adviser to President Joe Biden, told Yahoo Finance that COVID-19 could become endemic in 2022 but only if certain parameters are met. If you get “a combination of enough people vaccinated and boosted together with people who are infected and recover and have a degree of immunity — hopefully they’ll wind up getting vaccinated too — and you have a virus, a variant, that has a lesser… Source link

It’s been roughly a year since GameStop (GME) began overtaking headlines and a ‘meme stock’ phenomenon was born. However speculative assets have been under pressure recently amid rising inflation and a more hawkish-toned Federal Reserve.  “I do hope that investors will refocus on fundamental values,” Thomas Peterffy, founder of Interactive Brokers told Yahoo Finance Live.  “This meme stock idea — it’s fun, but it’s not sustainable,” he continued. “I think a lot of people will lose a lot of… Source link

Interactive Brokers founder Thomas Peterffy says he is worried about the higher interest rates coming soon from a Federal Reserve behind the curve on inflation.  “I am worried about high interest rates because the Fed is talking about raising rates to 1% or even 2%. Inflation is 7% — 1% or 2% doesn’t mean anything. If they really wanted to stop inflation, they would have to raise rates to 4%, 5%, 6%,” Peterffy said on Yahoo Finance Live. Peterffy thinks the Fed wouldn’t go that high on… Source link

In the new war for gaming assets that has descended on the tech industry in part due to splashy deals by Microsoft and Take-Two Interactive this year, the ball is now squarely in the court of Meta (aka Facebook) to make a move to support its metaverse ambitions.  “Facebook I think has a strong on-ramp with the Oculus with the metaverse. The challenge — and this is due diligence from my kids — they need for games and more content. I wouldn’t be surprised if Facebook went on to do some… Source link

The White House plans to restart negotiations on its $2 trillion spending bill, just days after pivoting to a long shot push for voting rights reform and two weeks after key moderate Sen. Joe Manchin (D-WV) abandoned talks on the spending measure, Reuters reported on Tuesday. In a new interview, U.S. Secretary of Commerce Gina Raimondo expressed certainty that the bill, known as Build Back Better, would succeed but acknowledged that the final version would “look different” from the expansive… Source link

We are less than a month into the New Year, but so far 2022 has not been kind to crypto. The price of bitcoin (BTC-USD), the granddaddy of digital currency, is off to its worst yearly start since the dawn of crypto, down roughly 40% from its all time high, and analysts are bracing for more volatility ahead. But true believers are not backing off. While it’s mostly young men who are trading cryptocurrency, research finds a growing number of women are taking the plunge and even prefer trading… Source link

Expect a market sell-off so significant that the Federal Reserve will likely “not carry through” with all of its anticipated rate hikes this year, predicts macro investor Felix Zulauf.  “I doubt that they will be as hawkish going through the year as they are saying now,” the CEO of Zulauf Consulting told Yahoo Finance. “My expectation is that we have a sharp sell-off in the markets, maybe 30% from the highs, into the summer, and then the Fed and other central banks will panic,” he added.  “In… Source link

The scene in Southern California resembles a disaster movie — only it’s not.  Thousands of boxes littering Union Pacific (UNP) train tracks in downtown Los Angeles attest to a wave of rail thefts that have taken place in recent months — worsening supply chain bottlenecks and creating endless delays for consumers and merchants that likely cost millions, if not more.  L.A. has been a hub of major shipping woes in recent months, with the ports of Los Angeles and Long Beach a prominent fixture… Source link

Stock futures gained Wednesday morning to steady after a broad sell-off a day earlier, as investors nervously eyed soaring bond yields and mixed earnings results from some major index components.  Contracts on the S&P 500, Dow and Nasdaq gained. The Nasdaq Composite had closed out Tuesday’s session with a drop of 2.6%, bringing it to its lowest level since October. The index also came within striking distance of a correction, typically defined as a closing level at least 10% below a recent… Source link