Waiting for the pivot | financial times

Ajay Rajadhyaksha is Global President of Research at Barclays. Financial markets operate with narratives. And for the past few weeks, the dominant story in both bond and equity markets has been that the Federal Reserve will turn around, and soon. Investors are hoping that a rapidly weakening economy will force the US central bank to … Read more

Truss and Sunak have yet to grasp the magnitude of Britain’s cost of living crisis | larry eliott

B.ritain faces a cost-of-living crisis this winter more brutal than any in living memory. Annual energy bills for the average home will reach £300 a month from October, almost double the current level. Purchasing power will be sucked out of the economy as millions of households struggle, and fail, to make ends meet. The courts … Read more

Public perception of the economy is the lowest since 2008, with 69% saying it is “getting worse”

Public Perception of the Economy is Lowest Since 2008: More Americans Say They Trust the GOP to Handle Issues Hitting Their Pockets, New Poll Shows A new poll shows nearly 7 in 10 Americans feel the economy is “getting worse.” Only 12% say it is ‘getting better’ under Joe Biden’s leadership In 2008, the same … Read more

Inflation Hits Rental Market as Higher Mortgage Rates, Limited Supply Drive Prices Up: Real Estate Expert

Macro Trends Advisors LLC founding partner Mitch Roschelle weighs in on ‘Varney & Co.’ and notes that Americans are being forced to cut their discretionary spending amid skyrocketing inflation. Macro Trends Advisors LLC founding partner Mitch Roschelle explained Monday why inflation and higher mortgage rates translate into sky-high apartment rental prices. Speaking in “Varney and … Read more

Climate Groups React to Senate Passage of Inflation Reduction Act

Mint Images | Mint Rf Imaging | fake images The Senate passed the most ambitious climate spending package in US history. Sundaysparking optimism among environmental advocates after months of gridlock over President Joe Biden’s emissions-cutting agenda. Called the Inflation Reduction Act, the legislation allocates $369 billion for US energy security and combating climate change. Vice … Read more

Buffett’s firm reports a $44 billion loss, but his businesses are thriving

Warren Buffett’s company posted a $43.76 billion loss in the second quarter as the face value of its investments plunged, but Berkshire Hathaway’s many operating companies generally performed well, suggesting that the economy in general is under pressure from inflation and rising interest rates. Berkshire said on Saturday that a largely unrealized $53 billion decline … Read more

Axios agrees to sell Cox Enterprises for $525 million

Axios has signed an agreement to sell its most recent major investor, Cox Enterprises, the companies announced Monday. The all-cash deal values ​​the company at $525 million, according to sources familiar with the deal. Why it matters: The deal is structured to ensure investments continue to hit the local news at a time when most … Read more

The economics of Michael Scott

Paul Samuelson is credited with the joke that “the stock market has predicted 9 of the last 5 recessions.” You can credit Ben Carlson with a new variation on this quote: The stock market has forecast 1 of the last 0 recessions. Nobody really knows what the price of the stock market is at any … Read more

Senate Democrats Pass Welfare Spending, Tax Bill, Work From Home Sneered & More: 5 Things You Need To Know From Monday

See what’s clicking on FoxBusiness.com. Here are five key things that could affect Monday’s trading. BIG VICTORY FOR DEMS: The Senate The Democrats’ tax and welfare spending bill was passed on Sunday after a marathon “vote-a-branch” session that lasted more than 15 hours, marking a major victory for the Democratic agenda just over three months … Read more