News: Banks and Finance
Our selection of news about banking and finance. News comes out every day, so stay tuned for the latest in banking and finance, keep up to date with world events and create your own investment plan.
Powell Warns Soft Landing Could Be ‘Quite Challenging’
On April 26, the Senate approved Fed governor Lael Brainard as vice-chair of the seven-member board, as well as Michigan State University economist Lisa Cook and Davidson College economist Philip Jefferson for two additional board positions.
China’s Massive Community-Buying Industry Is Collapsing
Demand, however, was unable to keep up with the intense competition. Additionally, the industry has been impacted by President Xi Jinping's massive crackdown on China's internet giants. The government fined several community-buying platforms last year for excessive spending on promotions.
Selling Your Stocks in May and Go Away Could Be the Best Strategy This Year
They might, however, be correct. While the Fed tightens, investors could take advantage of the seasonality and be spectators to the drama this summer. The market will almost certainly fall in the first four months of the year.
Want to Beat Inflation? These 7 Funds Have 8% Returns
For this approach, we sought closed-end funds that now pay out more than 8% and have returned more than 8% over the last five years. That should be in line with the CPI, which was up 8.5 percent from a year earlier in March, a level that many analysts believe marks the peak pace of price increases.
Bank Earnings Are Going To Be Confusing. They Could Be Ugly, Too
Trading will also prove to be a challenging area. The first quarter was clearly volatile, but it is unclear if it benefitted banks. Nonetheless, gains in currency and commodities trading should outweigh losses in stocks.