JPMorgan’s Kolanovic says a ‘mild recession’ already has a price, so the worst is over
The stock market has already discounted a modest recession, and that means investors can bet on a rebound, according to a top strategist at JPMorgan. Fears of a recession have grown steadily since the start of the summer, with many economists expecting a second consecutive negative GDP reading later this week. However, JPMorgan’s Marko Kolanovic said in a note to clients on Monday that the stock market’s year-to-date declines and lower estimates from Wall Street analysts show that negative economic news is already coming at a price. “While the odds of a recession are rising, a mild recession already appears…
Read More »Teachers learn about financial literacy and resources to impart it at event in Morgantown, West Virginia – WV News
Teachers learn about financial literacy and resources to impart it at event in Morgantown, West Virginia WV News [ad_2] Source link
Read More »Russia cuts gas deliveries to Europe via Nord Stream 1
Russia will cut gas supplies through its biggest pipeline to Germany to just a fifth of capacity later this week, in a move that threatens to leave the continent without critical supplies before winter. State energy group Gazprom said it would halve existing flows on the Nord Stream 1 pipeline to just 20 percent of capacity from Wednesday, after cutting them to 40 percent last month. European politicians have denounced the “weaponisation” of Russia’s gas supply. Gazprom’s move came as German business confidence fell to its lowest level in more than two years, the latest sign that Europe’s biggest economy…
Read More »4 takeaways from Monday’s investment club ‘morning meeting’ – CNBC
4 Takeaways from the Investment Club’s ‘Morning Meeting’ on CNBC Monday [ad_2] Source link
Read More »EVSC’s Teacher Locker relieves financial stress for local educators | news
Teacher Locker’s first day of shopping started on Monday. Provide new and returning teachers to the city with the necessary materials for the next school year. School supplies are completely free, with teachers able to return nearly $300 worth of classroom supplies. New EVSC teachers were also given gifts, giving them a free sample of everything the store has to offer. Teacher Locker is a six-way collaboration between the EVSC; EVSC Foundation; Evansville Public Education Foundation; Evansville PTA Area Council; Evansville Teachers Association and Evansville Retired Teachers Association. [ad_2] Source link
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Piper Sandler downgrades Ally Financial by Investing.com on auto headwinds and financing costs
© Reuters Ally Financial Financial downgrades Piper Sandler on auto headwinds, financing costs By Sam Boughedda Ally Financial (NYSE: ) was downgraded to underweight from neutral by an analyst at Piper Sandler on Monday. The analyst, who also cut his price target on the company to $34 from $45 after his , said they downgraded the stock based on auto market headwinds and higher financing costs . “We believe the current macroeconomic outlook will present headwinds for ALLY due to rising delinquency rates and a sharp increase in funding costs,” the analyst said. “We note that ALLY has increased the…
Read More »The Santa Barbara Festival could be a needed financial boost for small businesses, such as vintage clothing and antique stores
SANTA BARBARA, Calif. – Old Spanish Days is a time for gatherings, festivals and dressing up in period costumes, which serves businesses well if they specialize in party wear and interior design environments. Enthusiasm for flag, banner and window designs is already being felt at Santa Barbara businesses. The 98th day of the old Espanyol of Santa Barbara begins on August 3. The Vintage Fox Antiques and The Story Vintage Clothing on Chapala St. they are already setting up displays and setting up special clothes racks for those who are ready to dive into Fiesta. This will include specially selected…
Read More »PPLSI partners with Financial Wellness Company Best Money Moves
PPLSI announced a partnership with Best Money Moves to help reduce the financial stress associated with the cost of identity theft and legal protection services for its employees. LegalShield and IDShield will become part of Best Money Move’s member benefits and offers through its Benefit Partner Marketplace. “Employees are a company’s most valuable asset, and providing these benefits to protect them legally and online will create a positive impact for both employer and employee,” said Mary S. Skaggs, Senior Director of Strategic Partnerships at PPLSI. “When there is less stress on the personal financial front for an employee and more…
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