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Monthly Archives: June 2019

Fed lowers its inflation expectations for 2019, keeps growth outlook the same

The U.S. Federal Reserve Building stands in Washington, D.C., U.S., on Wednesday, June 24, 2009. Brendan Smialowski | Bloomberg | Getty Images The Federal Reserve dialed back its inflation forecast for 2019 while keeping the growth expectations unchanged, according to the central bank’s Summary of Economic Projections. Source: Federal Reserve …

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Korean carmakers Genesis, Kia, Hyundai lead JD Power quality survey

Genesis Mint Adam Jeffery | CNBC Once-dominant Japanese brands like Toyota, Nissan and Honda have taken a mighty fall on the quality charts, toppled on J.D. Power’s closely followed Initial Quality Study by two of the Big Three in Detroit as well as South Korea’s top carmarkers. Widely seen as …

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Fed will have a hard time pleasing everyone from traders to Trump

This just might be Fed Chair Jerome Powell’s toughest meeting yet, because whatever the outcome, odds are high that it will disappoint a large group of people, and that’s not even counting President Donald Trump. The Fed began its two-day meeting Tuesday, and by 2 p.m. ET today, markets will …

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China lowers trade barriers for other countries amid U.S. tensions

Containers are stacked on a vessel at the Port of Long Beach in Long Beach, California on July 6, 2018, including some from China Shipping, a conglomerate under the direct administration of China’s State Council. Frederic J. Brown | AFP | Getty Images The Trump administration’s tariffs have opened the …

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Stocks ready to break through all-time highs on Fed, trade optimism

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed continues to promise lower interest rates, and there is no irreparable divide between …

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CTOs don’t trust the government to help in the event of a cyberattack

Cyberattacks are monitored at the U.S. Computer Emergency Readiness Team/National Cybersecurity and Communications Integration Center facility in Arlington, Virginia. But tech execs believe there is a disconnect on cybersecurity between the public and private sectors. Getty Images Technology executives don’t expect the government to help them if they’re hit by …

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Since 2009 this is how Dow, S&P have trended in second half of June

Stocks notched small gains on Monday as the major averages try for their third straight week of gains. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite have all logged gains of more than 5% in the past month through last Friday. But investors remain cautious and on the …

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The red-hot IPO market could mean bad news for future market returns

Beyond Meat CEO Ethan Brown (C) celebrates with guests after ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the broader …

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This bank is ditching fees amid the rise of cheap fintech accounts

A Discover logo is adhered to a window at the entrance of a shop in Cambridge, Mass., Monday, Sept. 24, 2012. Discover Bank is paying $214 million to settle charges that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring. (AP Photo/Steven Senne) …

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Goldman Sachs: Technology stocks are overvalued

It’s about time to write off high-growth tech stocks, Goldman Sachs warned, saying the double whammy of sky-high valuation and elevated regulation is becoming a “hazard” to the group. Technology stocks have been investors’ darlings for years as the appetite for superior growth shows no signs of slowing. Software names …

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