In a wobbly stock market, Phil Camporeale, a portfolio manager at JPMorgan Chase & Co., is betting the US will avoid a recession. Rising interest rates are the “number one culprit this year for the volatility and the chaos” seen in the market, said Camporeale, a portfolio manager for JP Morgan Asset Management’s global allocation […]
Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city […]
Shock waves from the stock market’s declines are spreading into junk bonds, sending prices tumbling and forcing some companies to cancel new deals. Average prices of US high-yield bonds fell to around 91 cents on the dollar Monday, the lowest level since May of 2020 when pandemic shutdowns slammed the global economy, according to data […]
This version corrects a prior version’s description of Robert Kaplan’s departure from the Dallas Fed. The Dallas Fed announced Wednesday that it has appointed Lorie Logan, a top Fed staffer, as its president and chief executive. Logan, 49, is currently an executive vice president at the New York Fed. She is the manager of the […]
Stocks and crypto aren’t the only things getting walloped. Billions worth of bonds from Fortune 500 companies deemed nearly bulletproof from default also have been tagged in a yard sale for financial assets, as the Federal Reserve works to raise rates and cool inflation at the highest in four decades. The dollar price of the […]
The list of reasons why the financial market’s wild swings can keep going and even worsen is growing by the day — starting with the fact that investors aren’t yet pricing in worst-case scenarios for inflation and the US economy. Though Wednesday’s consumer-price index report for April should offer more clues, the data won’t entirely […]
Hi, MarketWatchers. Don’t miss these top stories. The 10 most popular cities that Americans moved to last year — and four are in this one state Here’s a hint: No New York or California cities made the Penske list of ’10 Moving Destinations for 2021,’ but plenty of Southern cities did. Read More ‘Open discussion […]
If you’ve turned on a TV, listened to the radio, or surfed internet news sites recently you’ve almost certainly heard that there is a crisis, and a panic, about inflation. You’ve been told it’s the reason the Federal Reserve is jacking up interest rates. It’s the reason the stock market has been plunging. It’s a […]