Inflation could push Fed into August rate hike

CNBC’s Jim Cramer on Monday said the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows that inflation is not abating. “The Fed is still in charge of this market. A week ago, it looked like they might ease up, but after Friday’s … Read more

Inflation takes over as the next big focus for markets after July’s monster jobs report

Investors switch their focus to inflation in the week ahead, after July’s strong jobs report signaled the Federal Reserve may need to take an even tougher stance with interest rate hikes. It could also be a week in which investors watch to see if rising Treasury yields start to slow the technology sector’s summer rally. … Read more

5 things to know before the stock market opens Friday

Here are the most important news items that investors need to start their trading day: 1. Stock futures fall after jobs report People walk past the New York Stock Exchange (NYSE) on Wall Street on July 12, 2022 in New York City. Angela Weiss | AFP | Getty Images Stock futures fell Friday morning after … Read more

Is the economy in a recession? Top economists weigh in

‘We should have an objective definition’ Officially, the NBER defines recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second consecutive contraction this year. … Read more

How to check if you may be affected by wrong Equifax credit score

If you took a loan earlier this year, there’s a chance you’ll be hearing from your bank about a flub that may have been part of its lending decision. One of the three big credit-reporting companies, Equifax, announced this week that a coding issue resulted in the company providing inaccurate consumer credit scores to lenders … Read more

5 things to know before the stock market opens Wednesday

Here are the most important news items that investors need to start their trading day: 1. Stocks look to shake off back-to-back losses Traders work on the floor of the New York Stock Exchange (NYSE) on July 25, 2022 in New York City. Stocks rose slightly in morning trading as investors weigh the upcoming Federal … Read more

Small cap stocks that could outperform in a recession

Large-cap stocks are typically seen as safe bets in periods of volatility, but a slew of Wall Street pros think small caps are increasingly attractive as recession risks grow. Small-cap stocks have often received less love compared to their larger counterparts given the former’s perceived bias, and earnings volatility, greater domestic lower visibility. They are … Read more

Bank of England set for biggest rate hike in 27 years as inflation soars

LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England. The Bank is expected to hike interest rates for the fifth consecutive meeting on Thursday, but faces a tough balancing act between supporting growth and curbing inflation. Dan … Read more

Pioneer returns over 95% of free cash flow to investors in earnings beat

Investing Club holding Pioneer Natural Resources (PXD) reported better-than-expected earnings after the closing bell Tuesday. Total revenue of $6.92 billion exceeded expectations of $6.89 billion. Adjusted dilution earnings of $9.36 per share was better than the $8.81 per share expected by the Street. Operating cash flow for the quarter of $3.22 a bit short versus … Read more

What Cramer is watching Tuesday — oil outlook, Pinterest and Uber soar, Caterpillar stumbles

What I am looking at Aug. 2, 2022 Is it oil over? I thought it had staying power here but a chartist who called the West Texas Intermediate crude top at about $110 per barrel on “Mad Money,” Carley Garner, now says next stop is $85 to $80 range. WTI under $94 per barrel Tuesday … Read more