Strong consumer demand and a bustling job market have been two key reasons why Wall Street thinks U.S. stocks will rise and the American economy can grow this year. But low unemployment also can be a “defining characteristic” of a late-cycle economy where “recession looms in the near future,” warnedRead More →
Asian stock markets traded were mixed Tuesday as investors mostly looked ahead to the weekend U.S. tariff deadline on Chinese imports and impending U.S. and European interest-rate decisions. Japan’s Nikkei NIK, -0.09% slipped fractionally and Hong Kong’s Hang Seng Index HSI, -0.11% was unchanged. The Shanghai Composite SHCOMP,Read More →
Bank of America Corp.’s CEO Brian Moynihan says he doesn’t see a recession in the offing because the U.S. consumer remains healthy. ‘But what’s going to make that happen is the underling U.S. consumer. And the underlying consumer is doing well and making more money, they’re employed; and more importantly,Read More →
Gold has exploded for an 11% gain over the past month, giving long-suffering gold bugs a chance for some chest-puffery as prices track toward their highest close in more than six years on the back of unsettling geopolitical developments. Count Robert Kiyosaki, the best-selling author of “Rich Dad, Poor Dad,”Read More →
