In recessionary sign, shoppers trading down to cheaper goods Consumer sector did well last quarter, but bearish on 2023 One of the biggest questions for investors over the past year has been when Americans will pull back on spending and trigger a recession. In the...

Consumer prices rose 9.3% from year ago in February; est. 9% ECB set for half-point March hike with focus on months ahead German inflation surprisingly accelerated in February, further complicating the European Central Bank’s task after overshoots this week in other...

Numerai solicits trading ideas from amateur data wonks Open-for-all vision is unconventional on Wall Street A Paul Tudor Jones-backed hedge fund that harnesses the stock-picking skills of amateur quants has nabbed another $100 million of inflows after soaring 20% in...

Conglomerate still reported record operating earnings for year Buffett takes issue with critiques of share buybacks in letter Warren Buffett’s Berkshire Hathaway Inc. reported weaker results in some of its key businesses, underscoring fears the US economy is facing a...

Former Treasury chief says data on current conditions strong Leading indicators suggest risk of ‘Wile E. Coyote’ moment Former Treasury Secretary Lawrence Summers said worrying signals of a potential sharp drop-off in activity combined with strength in other...

JPMorgan CEO’s list includes Fed, Ukraine, Energy, China Central bank will have to pause rate hikes, Dimon says The US economy has obstacles to overcome, though there’s still a chance for a so-called soft landing, Jamie Dimon said. “The US economy right now is doing...

AQR co-founder says ‘fat tail event’ would be macro economic Quant pioneer says world too quick to think valuations fixed Billionaire quant investor Cliff Asness warned Thursday that US stocks are vulnerable to a macro shock if inflation doesn’t stage a spirited...

Iowa startup Rantizo saw its drone flights triple last year Farmers are increasingly deploying drones to spray their fields as growers look for alternatives to tight labor markets and heavy machinery that can knock over crops.  While traditional land-based tractors...

Revision shows 2.7% annual gain versus 2.9% initial estimate Federal Reserve’s key inflation metrics were revised higher US economic growth in the fourth quarter was weaker than previously estimated, reflecting a downward revision to consumer spending as the Federal...

U.S. homeowners have lost $2.3 trillion since June, according to a new report from the real-estate brokerage Redfin. The total value of U.S. homes was $45.3 trillion at the end of 2022, down 4.9% from a record high of $47.7 trillion in June. That figure signifies the...

Whether it’s a “hard” or “soft” landing, Gundlach says: “You need an umbrella.”The bond king is bracing for a hard economic landing. “We have been preparing for a hard landing at DoubleLine,” DoubleLine Capital founder and CEO Jeffrey Gundlach exclusively told Yahoo...

Risk-reward for stocks is extremely poor amid hawkish Fed: MS Strategist says S&P 500 to slide as much as 26% in first half Expensive US equities are flashing a warning sign that could see the S&P 500 sliding as much as 26% in the first half of this year,...

Michael Markowski, the developer of algorithms that have forecasted the S&P 500’s significant crashes for over a decade, has updated his forecast for the S&P 500’s bottom.  His new forecast is for the S&P 500 to bottom at 1090.90.  At this bottom, which...

The U.S. economy and Corporate America are in serious trouble. The Trailing 12 Months (TTM) operating cash flows for the majority of the S&P 500’s 100 largest companies ― including its five largest ― are in decline.  Because Operating Cash Flow (OCF) is a key...

The U.S. economy and Corporate America are in serious trouble, because the Trailing 12 Months (TTM) operating cash flows for the S&P 500’s five largest companies are in decline.  Additional research was conducted on the S&P 500’s remaining 95 out of its 100...

Conference Board measure fell 0.3% in January after 0.8% drop Decrease was led by weaker expectations and factory orders An index of US leading economic indicators fell in January for a 10th straight month, reflecting declines in consumer expectations and factory...

Investor home purchases fell a record 46% year over year in the fourth quarter. Investors bought 18% of homes that sold, down from 19% a year earlier. Pandemic boomtowns Las Vegas and Phoenix saw investor purchases fall over 60%—more than all of the other metros...

Wall Street-backed landlords have cut jobs and slowed purchases with high borrowing costs weighing on the housing market. Retired baseball star Alex Rodriguez took to LinkedIn in late 2021 to ask for help: He’d invested alongside Starwood Capital Group in a...

Range of problems larger than it usually is, strategist says He doesn’t rule out a ‘brutal decline’ to 2,000 for S&P 500 The popping of the bubble in US stocks is far from over and investors shouldn’t get too excited about a strong start to the year for the...

The view from Davos: We can expect more instability, higher risks, more intense conflict, and more frequent environmental disasters. DAVOS, Switzerland (Project Syndicate)—A host of interconnected “megathreats” is imperiling our future. While some of these have been...