The Economy Could Take 3 Paths, JP Morgan Says. Only One Is a Soft Landing.

The Economy Could Take 3 Paths, JP Morgan Says.  Only One Is a Soft Landing.

Text size “The global economy faces three doors at midyear,” JP Morgan economists say. Dreamtime Ever since the Federal Reserve began raising interest rates, officials at the central bank have hoped to rein in inflation without triggering a recession, achieving a so-called soft landing for the economy. But as inflation persists at 40-year highs, investors … Read more

Companies Raise Less Capital as Markets Drop, Interest Rates Rise

Companies Raise Less Capital as Markets Drop, Interest Rates Rise

Battling high inflation, interest rates and economic uncertainty, raised companies less capital in the markets during the first half of the year compared with the first six months of 2021, when inflation wasn’t as high and many businesses tapped cheap funding to replace higher -priced debt. The Federal Reserve, looking to curb persistent inflation, this … Read more

Central Bankers Talk Tough on Interest Rates. That Could Change if Markets and Economies Don’t Perk Up.

Central Bankers Talk Tough on Interest Rates.  That Could Change if Markets and Economies Don’t Perk Up.

Text size European Central Bank chief Christine Lagarde doubts that “we are going back to that environment of low inflation” that existed prior to the Covid-19 pandemic. Ronald Wittek/Pool/EPA-EFE/Shutterstock Former Federal Reserve Chairman Ben Bernanke contends that monetary policy is 98% talk. Central bankers are supposed to communicate goals they want the public and markets … Read more

Why China’s Quarantine Easing Won’t Help the Economy

Why China’s Quarantine Easing Won’t Help the Economy

Text size China has reduced the quarantine time for inbound travelers. Here: passengers wait to be taken to quarantine-designated destinations from the Beijing International Airport. Leo Ramirez/AFP/Getty Images The news this week that China has halved its quarantine time for inbound travelers sent local stocks soaring even higher amid their rally and caused a spike … Read more

Stock Futures Suggest More Losses as Markets Wrap Worst First Half Since 1970

Stock Futures Suggest More Losses as Markets Wrap Worst First Half Since 1970

Text size As they begin July, traders are still stuck in a bear market. NYSE After a bruising first half for investors, the start of July isn’t promising any big breaks. US stock futures were down in after-hours trading after the major indexes closed lower on Thursday, capping the S&P 500’s worst first half in … Read more

50 Years of Integrity at the Financial Accounting Foundation

50 Years of Integrity at the Financial Accounting Foundation

About the author: John J. Brennan is chairman emeritus of Vanguard. He is the former chair of the Financial Industry Regulatory Authority and trustee and chair of the Financial Accounting Foundation. Back in the 1990s, I received a phone call from Arthur Levitt, chairman of the SEC. “Jack, I need you to serve your country,” … Read more

Online Healthcare Companies Increase Advertising for Morning-After Pill

Online Healthcare Companies Increase Advertising for Morning-After Pill

Companies that sell sexual health products and medicines over the internet are shifting their marketing strategies to highlight the availability of mail-order emergency contraception, commonly known as morning-after pills. Some are also using their emergency birth control advertising to protest government moves against reproductive rights, including the Supreme Court’s elimination of the constitutional right to … 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

China’s Economic Recovery Is Limping Along

China’s Economic Recovery Is Limping Along

China’s economic performance isn’t looking strong, according to Beige Book. Hector Retamal/AFP/Getty Images Text size China’s economic performance in the second quarter isn’t looking strong, according to a strategist’s new report. Results for the three months ending this week will be officially released in July, but an early number-crunching assessment by China Beige Book argues … Read more

China’s Economic Recovery Looks Worse Than Expected, This Strategist Says.

China’s Economic Recovery Is Limping Along

Text size China’s economic performance isn’t looking strong, according to Beige Book. Hector Retamal/AFP/Getty Images China’s economic performance in the second quarter isn’t looking strong, according to a strategist’s new report. Results for the three months ending this week will be officially released in July, but an early number-crunching assessment by China Beige Book argues … Read more