Markets are in trouble, but history shows there is hope on the horizon

Markets are in trouble, but history shows there is hope on the horizon

New York CNN Business — The S&P 500 (SBSPX) has posted its worst first half in more than 50 years, dropping 20.6% during the first 6 months of 2022. Stocks closed down on Thursday as Wall Street said goodbye to a dismal second quarter and first half of the year. All three major indexes ended … Read more

Do You Want to Learn How to Save? Use One of These Personal Finance Apps

Do You Want to Learn How to Save?  Use One of These Personal Finance Apps

The COVID-19 pandemic forced people who were left without work to think about prudent financial management and the importance of savings. A PWC study found that 55-62% of Gen Xers and millennials do not have a cash cushion for unforeseen situations. And 49% of Americans struggle to pay their monthly utility bills. This explains the … Read more

Future Returns: Single-Family Offices Turning More to Private Markets

Future Returns: Single-Family Offices Turning More to Private Markets

Single-family offices across the world are moving deeper into private markets in response to higher inflation, rising interest rates, and central banks scaling back their market support, a UBS Global Wealth Management report revealed earlier this month. Among 221 family surveyed—with an average total wealth of US$2.2 billion—many are planning to shift their strategic asset … Read more

Singapore’s Capital C Corporation bags SGD74 million in funding

Singapore’s Capital C Corporation bags SGD74 million in funding

Capital C Corporation, a Singapore-based financial services provider, bags SGD$74 Million in their recent fundraising exercise with PhillipCapital, Luminor Capital, Paradise Group, Citystate Group, various family offices and Ultra-High-Networth-Individuals. The fresh injection of funds will serve to fuel their lending capabilities and expand their digital financial platform offerings to provide a seamless experience and also … Read more

Mortgage rates rise again, pricing more buyers out of the housing market

Mortgage rates rise again, pricing more buyers out of the housing market

Mortgage rates continue to climb as the Federal Reserve seeks to tame unwieldy inflation. The 30-year fixed-rate mortgage averaged 5.81% in the week ending June 23, edging up from 5.78% the week before, to Freddie Mac. This time last year, rates averaged 3.02%, and the last time rates were this high in the winter of … Read more

Disney is seeing ‘resilient’ theme-park attendance despite turbulent economy, says analyst

Disney is seeing ‘resilient’ theme-park attendance despite turbulent economy, says analyst

In the face of turbulent economic times, Walt Disney Co.’s theme-park business could still see some magic. Bank of America’s Jessica Reif Ehrlich wrote Thursday that attendance at Disney DIS, -0.33% parks “remains resilient despite recent macro volatility as visitors rarely cancel trips once booked.” She added that the company’s move to cancel Disneyland annual … Read more

Fed looks ‘dead set’ on tightening financial conditions until the economy slows, warns BlackRock

Fed looks ‘dead set’ on tightening financial conditions until the economy slows, warns BlackRock

The Federal Reserve’s battle to get inflation down from a 40-year high likely means it will raise interest rates until the US economy slows, strategists at the BlackRock Investment Institute warned on Tuesday. “The Fed seems dead set on raising rates this year to levels that, in our view, would clearly slow the economy,” Jean … Read more

Stock market set for worst half-year performance since 1932. Recession threat will dictate 2nd half: Deutsche Bank

Stock market set for worst half-year performance since 1932. Recession threat will dictate 2nd half: Deutsche Bank

The S&P 500 officially hit bear market territory last week and, according to Deutsche Bank, is currently on track for its worst half-year performance since the Great Depression. With the large-cap benchmark SPX, +2.45% Having shed around 22.3% so far in 2022 — the biggest drop since 1932 (see chart below) — strategists at the … Read more

Premarket stocks: The stock market sell-off could be just getting started

Premarket stocks: The stock market sell-off could be just getting started

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — If you’re nervous about the stock market, you’ve got good reason to … Read more

Fed’s Bullard says US economy should continue to grow in coming quarters

Fed’s Bullard says US economy should continue to grow in coming quarters

The US economy should continue to grow in the coming several months, said St. Louis Fed President James Bullard on Monday, playing down fear of a severe recession that some economists and market pros view as inevitable in the face of the central bank’s war against too-hot inflation. “On GDP growth, I think that the … Read more