Fed’s James Bullard Pushes to Front Load Rates Now
Federal Reserve Bank of St Louis President James Bullard is pushing for an aggressive series of interest rate hikes to raise rates to 3.5% by the end of the year,…
James Knightly Predicts A Correction In House Prices Is Coming
ING’s chief international economist James Knightley is predicting there will be a correction in home prices later this year as new supply hits the market and reduced borrowing impacts sales.…
Home Depot CEO Says Inflation Today Is Due To Supply Chain Disruptions
Former Home Depot CEO Bob Nardelli said, “Inflation is inseparably linked to the supply chain. I look at a global view of the container ships around the world and we…
Nomura Predicts The Fed Raising Rates By 75 Basis Points
Global investment bank Nomura says it sees rates rising faster than has been described so far, as they predict a 75 basis point rise in the next two months. They…
Deere Plunges The Most Since 2008 Due To Supply Chain Issues And Inflation
John Deere fell 14% Friday, wiping out $15.7 billion after posting disappointing quarterly sales. The company said that supply chain issues will continue through the end of the year. Chip…
Plane Ticket Prices Surge As Airlines Face A Staffing Shortage
Plane ticket prices are up 45% from a year ago and up 8% just from March. Demand is rising, but so are oil prices, which are the second biggest expense…
Household Wealth Takes a $5 Trillion Hit
During the COVID-19 crisis, households built up an extra $38.5 trillion in wealth between early 2020 and end of last year. Their collective net worth rose to a record $142…
Bank of America Says 2/3rds Of Millennials Say They Are Likely To Buy A Home In The Next Two Years
“The 2022 Millennial Home Improvement Survey reports that 67% of Generation Y say they are likely to buy a home in the next two years.” The primary reason they cited…
Stocks Fell Into A Bear Market On Friday
Rising fears of a recession drove U.S. stocks into a bear market Friday as the S&P 500′s decline from its all-time high reached 20%. The S&P 500 dropped 2% on…
Novavax Gets First Sell Rating Since 2020. It’s Got a Covid Vaccine Problem, Analyst Says.
Novavax ‘s stock dropped Friday after it received a Sell-equivalent rating. Bank of America Securities analyst Alec Stranahan initiated coverage of Novavax (ticker: NVAX ) at an Underperform rating on…
