Tag Archives: Economy

TipRanks Billionaire George Soros Picks Up These 3 “Strong Buy” Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized… Source link

MOSCOW, April 30. /TASS/. Yandex.Taxi is interested in the Scandinavian market and explores different opportunities for development, press service of Yandex Go told reporters on Friday. “We are interested in the Scandinavian market and we therefore consider different options for development. Furthermore, Yango [the international brand of Yandex.Taxi – TASS] already has experience of operating in Finland,” the company said. RBC reported earlier, citing information posted on the Facancy… Source link

  Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, April 23, 2021 While as some strategists warn of ‘peak growth’ The U.S. economic recovery continues.  On Thursday, the latest weekly data on initial jobless claims fell to another pandemic-era low of 547,000. This data beat Wall Street expectations and marked another improvement in what has been to this point the most stubbornly negative economic data point during the crisis.  And when… Source link

The global computer chip shortage could have larger ramifications than making it harder to buy the latest video game console or more expensive to buy a car. According to a new Goldman Sachs (GS) note, the slowdown in chip availability could in theory smack U.S. GDP by as much as 1% in 2021. In a research note led by Goldman’s Spencer Hill, an analysis looked at the economy-wide effects of the shortage by assuming a 20% chip shortfall that lasts three quarters and affects the 169 U.S…. Source link

Prominent Democrats continue to urge a skeptical President Biden to cancel $50,000 in federally held student loan debt via executive action (as opposed to legislation passed by Congress). In an interview with Yahoo Finance, Senator Elizabeth Warren (D-MA) explained why she and others believe that cancellation would have a stimulus-like effect on the U.S. economy. “It’s going to be a huge, huge boost to our economy,” Warren, who chairs the Subcommittee on Economic Policy at the Senate… Source link

MOSCOW, April 14. /TASS/. Russia’s The Federal Antimonopoly Service (FAS) will analyze all search services, both Russian and foreign, as part of the consideration of the case against Yandex internet company, the regulator’s press service reported. “As part of the consideration of the case against Yandex, the FAS will analyze all legal relations that involve search services (both Russian and foreign ones) operating in the Russian Federation,” the press service said. Source link

TipRanks 3 Monster Growth Stocks With More Room to Run For investors looking for a hint as to policy-makers’ view of the economy, the Federal Reserve has come through. The central bank released the minutes of its most recent policy meeting – at which it decided not to raise interest rates or scale back on its easy-money polices – and the inside look at the Fed committee’s deliberations shows that the decision was broad-based. The Fed is in no hurry to move to a tighter money policy,… Source link

  Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, April 6, 2021 Jobs growth soars, service activity hits a record, and it is still only April.  For months, we’ve written here at The Morning Brief about the coming surge in economic activity this year. And the days of realizing this growth are just beginning.   On Monday, data from IHS Markit and the Institute for Supply Management on activity in the services sector blew the doors off… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 16, 2021 No one can be bullish enough right now We’re one week away from lapping the one-year anniversary of the market’s pandemic low. And Wall Street is still struggling to keep up with the pace of both the recovery in markets and the real economy. As happens over the weekends and into Monday morning, The Morning Brief’s inbox is flooded with weekly updates from economists,… Source link

The Federal Reserve is running into a unique challenge as it kicks off its second policy-setting meeting of the year: maintaining easy monetary policy through what could be the fastest economic recovery in history. “There’s a lot left to do,” said Fed Chairman Jerome Powell at a Wall Street Journal event on March 4. “We have a lot of ground left to cover and good reason for optimism.” The Federal Open Market Committee (FOMC) is expected to release its quarterly economic forecasts on… Source link