Credit Suisse sets 2020 S&P 500 target, sees another banner year led by tech and banks
Credit Suisse Chief U.S. equity strategist Jonathan Golub says the broad market index should rally nearly 10% from current levels by the end of 2020.
Powell Sees Few Risks Likely to Derail Longest U.S. Expansion
Federal Reserve Chairman Jerome Powell called the U.S. economy a “star” performer and voiced solid confidence that its record expansion will stay on track.
Fed chief Powell says ‘sustained expansion’ likely for U.S. economy
U.S. central bankers see a “sustained expansion” ahead for the country’s economy, with the full impact of recent interest rate cuts still to be felt and low unemployment boosting household spending, Federal Reserve Chair Jerome Powell said on Wednesday in remarks that brushed aside any worries of a looming slowdown.
China Turning Into One of Germany Inc.’s Biggest Headaches
German businesses are more pessimistic on one of their biggest markets than they’ve been in years.
A $100 Billion Fund Manager Is Debunking Stock-Bubble Theories
Negative interest rates are unnaturally propping up the stock market and at some point the whole edifice will collapse. It’s an oft-repeated theory, but history suggests it might be wrong.
China Factories Are Exporting Lower Prices Around the World
Chinese factories are again threatening to drag down prices around the world as the cost of their goods decline by the most since 2016.
Alibaba Singles Day sales hit $23 billion in first nine hours
Chinese e-commerce giant Alibaba on Monday said sales for its annual Singles’ Day shopping blitz hit 158.31 billion yuan ($22.63 billion) in its first nine hours, up 25% from the same point last year.
U.S. Consumer Sentiment Rises on Views of Finances, Economy
U.S. consumer sentiment improved for a third-straight month in November as Americans grew more upbeat about their financial situation and the economic outlook, fresh signs they’ll continue to fuel growth.
Germany’s economic pain is here to stay
It was meant to be a fleeting slowdown for Europe's economic powerhouse, followed by a rapid rebound.
US services companies growth rebounds in October
U.S. service companies grew at a faster pace in October after sinking to a three-year low in September.