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The Fed raised interest rates by 50 bps yesterday, thereby taking the benchmark interest rate to the highest level in 15 years. However, it represented a slowdown from the four consecutive 75-bps hikes earlier. Fed Chair Jerome Powell said, “Inflation data received so far for October and November show a welcome reduction in the monthly […]

The broader market has taken a beating this year due to various macroeconomic and geopolitical headwinds, including sky-high inflation, the economic fallout from Russia’s invasion of Ukraine, and increasing recessionary fears. The S&P 500 is down 16.2% year-to-date, while the Nasdaq Composite has plunged 28.6%. The Federal Reserve yesterday increased its benchmark interest rate by

Despite macro headwinds, the fashion and apparel industry continues to witness stable demand. According to Adobe, online shoppers spent a record $5.29 billion on Thanksgiving 2022, an increase of 2.9% year over year. They spent most on toys, apparel, grills, and outdoor equipment. “What we are seeing is the discounts being strong enough to entice

As per the Labor Department’s report, November’s consumer price index rose just 0.1% from the previous month and 7.1% from a year ago. Economists surveyed by Dow Jones had expected a 0.3% monthly increase and a 7.3% 12-month rate. Moreover, the Producer Price Index (PPI) for final demand rose 7.4% in November year over year,

Every investor looks for that one stock that will create enormous wealth and help retire early. Although it’s easier said than done, the stock market presents investors with opportunities to retire early. San Jose, California- based Cisco Systems, Inc. (CSCO) has defied the sell-off in tech stocks this year. The stock has gained 10.8% in

This year, sky-high inflation and the Federal Reserve’s attempts to tame it have caused significant market volatility. The central bank is expected to raise interest rates again this month by 0.5 percentage points. Well-established and financially sound companies, called “blue chips,” weather a market downturn better than smaller companies, making them solid picks in the

The Fed is expected to keep hiking rates in the coming months to achieve their target inflation of 2%. However, the Fed had indicated a slowdown in the rate hike aggression, and many are now predicting a 50-bps rate hike in December, down from the 75-bps increases seen over the last four launches. Moreover, economists

Rigel Pharmaceuticals (RIGL) surpassed EPS estimates by 18.5% for its 2022 third quarter. Moreover, the U.S. Food and Drug Administration approved its REZLIDHIA (olutasidenib) capsules for treating adult patients with relapsed or refractory (R/R) acute myeloid leukemia. REZLIDHIA is expected to be incredibly beneficial for patients with poor prognoses and is a solid addition to

The stock market and economy have struggled significantly this year due to multi-decade high inflation, aggressive monetary policy tightening by the Federal Reserve, the economic fallout from Russia’s invasion of Ukraine, and the growing possibility of a recession. The Fed raised interest rates this year at the fastest since the 1980s, including 75 basis point

The media and entertainment giant, The Walt Disney Company (DIS) had seemingly come a full circle three weeks ago when on Sunday, November 20, the company’s board decided to let go of Bob Chapek as chief executive to announce the return of his predecessor, Robert A. Iger, to run the company with immediate effect. With