There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors CIO John Davi has financials topping his watch list. “You need to be mindful of your risk,’” Davi, who runs the AXS Astoria Inflation Sensitive ETF, told CNBC’s “ETF Edge” this week. The fund is … Read more
Matthew Hatcher | Afp | Getty Images Retail egg prices retreated in February, according to federal data issued Tuesday, delivering relief to consumers who saw prices spike at the grocery store in recent months. Average egg prices fell almost 7% in February relative to January, according to the consumer price index, a key barometer of … Read more
A customer shops at a grocery store in Brooklyn on Feb. 14, 2023. Michael Nagle/Xinhua via Getty Images The annual inflation rate in February continued its gradual cooling trend, though it remained well above policymakers’ target. Inflation is a measure of how quickly prices are rising or falling in the U.S. economy. The consumer price … Read more
Evercore ISI is comparing the bank stress to another critical time on Wall Street: The year of the savings and loan crisis and epic crash. “To think you would see financial stress of this kind develop in the system 24 hours after [Fed] chair Powell suggested he may go 50 [basis points] on the 22nd, … Read more
A gas station in Arlington, Virginia. Xinhua News Agency | Xinhua News Agency | Getty Images New government data for January shows high inflation has continued into the new year. That has some economists worried high prices may prove to be sticky, even as the Federal Reserve works to slow inflation by raising interest rates. … Read more
Prices on displayed in a New York grocery store on Feb. 1, 2023. Leonardo Munoz | Corbis News | Getty Images High inflation has followed the U.S. economy into 2023, as consumers continued to see high prices in January. Inflation rose 0.5% for the month and 6.4% over the past 12 months, according to consumer … Read more
Inflation turned higher to start 2023, as rising gas and fuel prices took their toll on consumers, the Labor Department reported Tuesday. The consumer price index, which measures a broad basket of common goods and services, rose 0.5% for the month, which translated to an annual gain of 6.4%. Economists surveyed by Dow Jones had … Read more
As Wall Street gears up for key inflation data, Wells Fargo Securities’ Michael Schumacher believes one thing is clear: “The Fed is not your friend.” He warns Federal Reserve chair Jerome Powell will likely hold interest rates higher for longer, and it could leave investors on the wrong side of the trade. related investing news … Read more
The “Fast Money” traders are at odds over Tesla with a key event ahead. Even though Tesla shares rallied on CEO Elon Musk’s plans to unveil his “Master Plan 3” at investor day on March 1, trader Julie Biel warns gains will likely stall. “This business is not really as healthy as it could be,” … Read more
Malaikacasal | Istock | Getty Images That heart-shaped box of chocolates may be only half full this Valentine’s Day. It is not the result of a manufacturing glitch. Instead, it is an effort by certain brands to use bigger boxes to prompt consumers to think they are getting more for their money than they really … Read more