Wall Street Braces for a Weak Earnings Season
Analysts have begun trimming their profit forecasts, with pronounced downgrades for growth at energy and financial firms.
Markets Rise as Investors Like the Look of Hiring and Wage Trends
Traders are betting that a slowdown in job growth and wage gains could reduce the pressure on prices and make the Federal Reserve less aggressive in raising interest rates.
Posted inBankman-Fried, Sam Benioff, Marc Butterfield, Stewart Democratic Party Elections Federal Reserve System House of Representatives Labor and Jobs McCarthy, Kevin (1965- ) Republican Party Ryan, Paul D Jr Salesforce.com Inc Standard & Poor's 500-Stock Index Teneo Holdings LLC United States Politics and Government
Kevin McCarthy’s Business Ties Complicate His Rise to Power
To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes.
Posted inFederal Reserve System Inflation (Economics) Interest Rates Standard & Poor's 500-Stock Index Stocks and Bonds United States Economy
S&P 500 Rises in First Session of 2023
Analysts are more cautious about 2023 after their overly optimistic forecasts for last year.