Peter Bokfar warns that recession is spreading

Peter Bokfar warns that recession is spreading

Recession may be inevitable. The latest reports on housing and manufacturing, according to investor Peter Bokvar, indicate that it is rapidly spreading to other parts of the economy. “People are not sensitive enough to this economic slowdown and what it will mean for corporate earnings and profit margins,” chief investment officer at Bleakley Consulting Group … Read more

Peter Bokfar warns that recession is spreading

Peter Bokfar warns that recession is spreading

Recession may be inevitable. The latest reports on housing and manufacturing, according to investor Peter Bokvar, indicate that it is rapidly spreading to other parts of the economy. “People are not sensitive enough to this economic slowdown and what it will mean for corporate earnings and profit margins,” chief investment officer at Bleakley Consulting Group … Read more

Retail giants report with all eyes on the consumer

Retail giants report with all eyes on the consumer

CNBC’s Jim Kramer said Monday that this week’s economic data and retailer earnings reports will give important insights into the state of the US consumer, and thus inflation. “This week is a consumer referendum,” he said. The “mad moneyThe host said he is watching the release of the Federal Reserve’s July meeting notes on Wednesday, … Read more

Dodge Challenger, Charger to be discontinued in 2023

Dodge Challenger, Charger to be discontinued in 2023

2022 Dodge Charger SRT Hellcat (left) and 2022 Dodge Challenger SRT Super Stock evades DETROIT — Dodge will discontinue its powerful gas-powered Challenger and Charger vehicles at the end of next year, marking the end of an era for the brand as it begins the transition to electric vehicles. Since his resurrection in the mid … Read more

Voyager customers beg a New York judge for a refund after bankruptcy

Voyager said it has nearly $1.3 billion in cryptocurrency on its platform and has more than $350 million in cash on behalf of clients at the Metropolitan Commercial Bank in New York. Justin Sullivan | Getty Images During a five-hour hearing on Chapter 11 bankruptcy earlier this month for crypto company Voyager Digital, a customer … Read more

Goldman Sachs sees ‘possible but difficult path’ for the Fed to defeat inflation without a recession

Construction workers outside the Marriner S. Eccles Federal Reserve Building, are pictured Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The Fed’s path to cutting hyperinflation while keeping the economy from sliding into a major deflation is still open but narrowing, according to Goldman Sachs. As the … Read more

Goldman Sachs sees ‘possible but difficult path’ for the Fed to defeat inflation without a recession

Construction workers outside the Marriner S. Eccles Federal Reserve Building, are pictured Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The Fed’s path to cutting hyperinflation while keeping the economy from sliding into a major deflation is still open but narrowing, according to Goldman Sachs. As the … Read more

Disney, Poshmark, Vroom, and more

Disney World celebrated its 50th anniversary in April 2022. Aaronb/Power Griffin | Gc photos | Getty Images Check out the companies making headlines around midday Monday. Bushmark – Shares of the used fashion retailer jump 15% after Barclays Promote them to overweight of the same weight. The company said it sees more than 40% potential … Read more

Most families do not know when to apply for the FAFSA for college financial aid

The White House’s Decision on Federal Student Loan Forgiveness May Be Fair days away. However, current high school students will still struggle with how to pay for college without incurring too much debt. With tuition fees rising, most families rely on a range of resources to make them successful. Income and savings cover more than … Read more

The UK becomes the first country to approve Moderna’s dual Covid-19 vaccine

Britain has become the first country in the world to adopt Moderna’s bivalent Covid-19 vaccine, which targets the original strain of the virus and the newer Omicron variant. Long Optical Press | global photo collection | Getty Images Britain on Monday became the first country in the world to approve a dual vaccine for Covid-19, … Read more