Economy

Spencer Platt/Getty ImagesInvestors should buy stocks ahead of this week's release of the April CPI report, according to Fundstrat's Tom Lee.He said the setup appears favorable for higher stock prices as disinflation makes progress.An in-line CPI report or better would increase the chances of three interest rate cuts this year, Lee…

Argentina's chainsaw-wielding, self-proclaimed "anarcho-capitalist" president who says he takes most of his political advice from his dogs has appeared to achieve what many political analysts and economists said his radical plans almost certainly wouldn't: modest improvements to the country's economy.Javier Milei, 53, a former right-wing…

Investing.com -- Inflation has come under added scrutiny following three months of hotter-than-expected data, but next week's inflation print and others in the months ahead could mark the start of the end of upside surprises, giving the Federal Reserve the confidence it needs to begin cutting rates. "Core CPI inflation steps down in April with…

Workers who switched jobs during the pandemic-era Great Resignation were less satisfied than those who stuck with their employer last year — a major reversal from the previous year, according to a survey. The poll found that 65% of workers who stayed put in 2023 were satisfied — compared to 59% for those who sought out greener…

MUMBAI: India is the origin of the largest number of international migrants — nearly 18 million, with large diasporas in UAE, US and Saudi Arabia. And it continues its march as the top country receiving remittancesfrom its diaspora: the figure crossed $110 billion in 2022.According to the World Migration Report, 2024, released in Dhaka on…

Bidenomics has another critic. Stanley Druckenmiller, the famed billionaire investor who made his money working alongside George Soros, has been extremely disgruntled with President Joe Biden’s economic policies.  “Bidenomics, if I was a professor, I’d give him an ‘F,'” Druckenmiller told CNBC on Tuesday.  Druckenmiller was especially…

The combined trust funds for Social Security are projected to run out a year later than previously expected, a board of trustees of the program’s accounts said Monday. In the latest report, trustees project that the depletion date for the Old-Age and Survivors Insurance (OASI) Trust Fund, which pays out Social Security benefits to…

The U.S. housing market is harboring the potential for unprecedented economic stimulus that wouldn’t require any federal spending, according to Meredith Whitney, the one-time “Oracle of Wall Street” who predicted the Great Financial Crisis. While she has recently warned of the dangers that the “crisis of the American male” poses to the…

Big Four accounting firm Ernst & Young (EY) says the greatest transfer of wealth in human history is in motion, with trillions of dollars in assets passed down this year. In its Global Wealth Management Industry Report, EY estimates baby boomers will hand down up to $3 trillion in assets to their kin this year. EY…

I ask the question because the number came up in a recent JP Morgan publication.8 Percent “Prediction” or “Possibility”?This headline by TFTC caught my eye: JP Morgan Predicts Crushing 8% Interest Rate Spike JP Morgan forecasts interest rates rising to 8%, potentially triggering a recession and banking crisis similar to past financial downturns.…