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The US economy is riddled with green flags and is headed for an expansion, not a recession, according to Fundstrat's Tom Lee

Tue, 09/12/2023 - 10:24

Tech Insider : Economy

Tom Lee Fundstrat — Lee suggested the US would enter an expansion in 2023, thanks to five "green shoots" in the current economic data.
Photo by Cindy Ord/Getty Images for Yahoo

economy, Markets, mi-exclusive, us-economic-outlook, us-economy-outlook, Inflation, inflation-drop

Hollywood walkouts have wiped $5 billion from California's economy, exceeding analysts' estimates

Tue, 09/05/2023 - 04:37

Tech Insider : Economy, Economy

hollywood writers strike — Hollywood writers strike
Ashley Landis/AP

economy, economy, Strike, Hollywood, us-economy-and-markets, us-economic-outlook, California

The US is likely to dodge a recession in a dream soft-landing scenario, Morgan Stanley's top economist says

Thu, 08/31/2023 - 07:41

Tech Insider : Economy, Economy

unemployment — The US is nearing a dream scenario where inflation falls without a spike in unemployment, according to Morgan Stanley's top economist Seth Carpenter.
Rick Bowmer/ AP

economy, economy, morgan-stanley, federal-reserve, interest-rates, Recession, soft-landing

An indicator of Americans' willingness to gamble could suggest continued resilience in the US economy

Wed, 08/30/2023 - 15:57

Tech Insider : Economy, Economy

Gambling — Lionel Roubeyrie

economy, Markets, economy, Markets, finance, las-vegas, Casinos

US stocks close higher as traders brush off Powell's warnings of more potential rate hikes

Fri, 08/25/2023 - 16:07

powell fed interest rates fomc — Fed chief Powell reiterated that inflation was still above the Fed's 2% target.
AP Photo/Susan Walsh, File

Markets, mi-exclusive, stock-market-news-today, daily-market-wrap, Powell, fed-jackson-hole, fed-inflation

Former Treasury Secretary Larry Summers faces backlash from Jim Bianco, Paul Krugman for inflation 'chart crime'

Fri, 08/25/2023 - 07:07

Tech Insider : Economy, Economy

Larry Summers, former Treasury secretary — Former Treasury secretary Larry Summers
Robin Marchant / Getty Images

economy, economy, Markets, larry-summers, Fed, Inflation, fed-inflation

The 2023 stock market rally is over as the Fed isn't easing anytime soon and a hard landing of the economy is inevitable, JPMorgan's chief stock strategist says

Thu, 08/24/2023 - 15:26

Worried trader — The resilience of the US economy has only postponed the coming recession, JPMorgan's Dubravko Lakos-Bujas said.
AP/Richard Drew

Markets, mi-exclusive, stock-market-outlook, us-economic-outlook, Recession, stock-market-rally-2023, stock-selloff

US stocks rise after 3-week selloff as traders look ahead to key earnings and Powell speech

Mon, 08/21/2023 - 09:37

trader nyse — A trader works during the Fed rate announcement on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2019.
Reuters/Brendan McDermid

Markets, mi-exclusive, stock-market-news-today, daily-market-wrap, fed-inflation, Powell, jerome-powell

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