CNBC’s Jim Cramer said Friday that three key events next week will determine whether the nightmarish month for the stock market will continue into October. These are the events: The publication of the report of non-agricultural labor Friday. Cramer said he expects it to show over hires and wages. Two speaking engagements by Loretta Mester, … Read more
Falling gas prices will mean Kwasi Kwarteng’s massive utility bill support package will cost £30bn instead of £60bn, according to new forecasts that predict he will balance the books within three years. The blow to public finances from the Chancellor’s mini-budget could be much smaller than feared, as treasury costs for tax cuts and the … Read more
“Inflation should fall, but I don’t expect the decline to be immediate or predictable,” said Barkin, who is not a voter on this year’s rate-setting Federal Open Market Committee. “Significant shocks just need time to dampen,” he said, referring to the disruptions caused by the Covid-19 pandemic, supply chains and Russia’s invasion of Ukraine.
A cruel truth that the stock market has confirmed over the past week is that bottoming for technology stocks is a fool’s errand. The Nasdaq Composite’s horrendous September — it was down 10.5% from the month — has made bottom fishing that happened over the summer unwise. As I’ve noted before, the initial downturn in … Read more
CNN Business — If you’ve ever wanted to use artificial intelligence to quickly design a hybrid between a duck and a corgi, now’s your time to shine. On Wednesday, OpenAI announced that anyone can now use the most recent version of its AI-powered DALL-E tool to generate a seemingly limitless array of images just by … Read more