Bill Ackman doubts the Fed can tame inflation, says higher prices ahead

Billionaire hedge fund manager Bill Ackman is skeptical of the Federal Reserve’s ability to bring down inflation, seeing structurally higher prices lingering. “Long-term interest rates are meaningfully below where they’re going to go and we think that is, of course, a risk for equities,” Ackman said on a quarterly investor call for Pershing Square Holdings Thursday. “A part of our thesis here is that … Read more

Inflation rose 9.1% in June, even more than expected, as price pressures intensify

Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad measure of everyday goods and services, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked … Read more

5 things to know before the stock market opens Friday, April 1

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures rise ahead of jobs report after worst quarter in 2 years Traders on the floor of the NYSE, March 31, 2022. Source: NYSE U.S. stock futures started the second quarter higher Friday ahead of the government’s … Read more

Large fluctuations in the market are more normal than investors might expect

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters The stock market’s wild movements over the past week have been an emotional roller coaster for investors, and the trip has not stopped. It’s feeling bad right now, and strategists say it … Read more

5 things to know before the stock market opens on Friday 28 January

Here are the key news, trends and analyzes that investors need to start their trading day: 1. Wall Street’s worst market sale since March 2020 continues Trading on the floor of the NYSE, January 27, 2022. Source: NYSE Volatility continued Friday as Dow futures fluctuated wildly. Dow stock Chevron fell more than 4% in the … Read more