A Bank of America strategist is sounding the alarm that the U.S. economy is moving away from a ‘Goldilocks’ scenario to one resembling the stagflation of the 1970s, where inflation persists alongside slowing economic growth. Michael Hartnett emphasizes the importance for investors to take this shift seriously to avoid potential...
Stock futures in the United States were suggesting a steady start on Friday, but worries about lasting inflation were putting a damper on the momentum that had been building since the beginning of the year. What’s happening On Thursday, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all...
In February, Robinhood Markets Inc. witnessed a substantial 36% surge in equity trading volumes compared to the previous month. This surge fueled a remarkable rise in the company’s stock during Wednesday’s after-hours trading session. Throughout February, the online trading platform experienced an impressive $80.9 billion in trading volumes, marking a...
Wednesday’s early trading saw U.S. stock futures hinting at another potential record high for the S&P 500, despite investors brushing off a slightly higher-than-anticipated inflation report. Here’s the latest on how stock-index futures are performing: On Tuesday, the Dow Jones Industrial Average climbed 235.83 points, or 0.61%, closing at 39,005.49....
Important Insights for the U.S. Trading Day Today’s focus centers on the release of the consumer price index by the Labor Department at 8:30 a.m. Eastern, amidst ongoing discussions about potential Fed rate adjustments. A thought-provoking perspective is emerging suggesting that illegal immigration could be playing a significant role in...
Do films about money provide genuine investing insights, or are they simply Hollywood fantasies? Hollywood occasionally casts finance as its leading role, depicting the highs and lows of stock markets, Wall Street shenanigans, and the colorful characters within. Movies like “The Wolf of Wall Street,” “Dumb Money,” and “The Big...
