Tag Archives: Americas

  The market may be trading sideways at the moment as traders digest rising Treasury yields and banter around meme stocks and higher taxes, but it could come alive again soon amid looming first quarter earnings reports from corporate America. Because all indications are that a profit explosion from corporate America is poised to be on full display as earnings reporting season kicks off in mid-April. Those hearty bottom line gains would reflect companies cycling comparisons to businesses being… Source link

Bloomberg Surge in Mortgage Rates Threatens to Slow U.S. Housing Rally (Bloomberg) — The pandemic housing rally is getting its first big test.Mortgage rates rose in each of the past three weeks, driven by a bet that inflation will accelerate as the U.S. economy roars back this year. While borrowing costs are still near historic lows, the quick jump has already begun eroding the purchasing power that enabled buyers to push up home prices across the country in recent months.The bidding frenzy… Source link

TipRanks Billionaire Ray Dalio Places Bet on 3 “Strong Buy” Stocks When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $140 billion in global investments and Dalio’s own net worth coming at $17 billion, he has earned legendary status on Wall Street. Summing… Source link

The stimulus bill that President Donald Trump signed on Sunday includes $284 billion in new aid for small businesses, and key stakeholders hope the rollout of a “second draw” will be less chaotic than an initial round of loans granted under the Paycheck Protection Program (PPP) this spring. Last time around, the PPP was a plane still being built even after it took off. Businesses began applying for the forgivable loans on April 3 — just days after the initial stimulus bill was signed… Source link

Americans voting for a presidential candidate this year are less likely to have a job than those who cast ballots in 2016. Despite some recovery in the labor market since pandemic lows in April, the U.S. employment rate remains depressed amid a slowing recovery. In October 2016, the official U.S. unemployment rate was 4.9%, compared to 7.9% last month — though the actual jobless rate is thought to be even higher. With jobs top of mind for millions of Americans this election, Yahoo Finance… Source link