Banks are short more than $1 trillion in capital, says this analyst, who fears the shortfall will only get worse #business

The new year is nearly upon us, and one idea for where to invest is the banking sector, whose margins benefit from the high interest rates, at not terribly demanding valuations. Here to counter that view is Christopher Whalen, the chairman of Whalen Global Advisers, who makes the bold case that banks were short over […]

In mid-November, mortgage rates saw their biggest decline since 1981. Here’s what 6 pros say will what happen next #business

The latest mortgage rates Getty Images/iStockphoto For most of 2022, the trend of mortgage rates was generally up and then up some more. But in mid-November something big happened: Thanks to better-than-expected inflation numbers, the average rate on a 30-year fixed-rate mortgage dropped to 6.61% the week of November 17th, which was the biggest weekly […]

Year-end rally? Bullish stock-market pattern set to collide with stagflation fears #business

The period between now and year-end marks a historically bullish final stretch of the year for U.S. stocks, particularly just before and after Christmas. The question for investors is whether favorable seasonal factors will be outweighed by economic fundamentals. The momentum toward a year-end rush to stocks seems to only be getting stronger now that […]

Genesis meltdown: Why investors are worried about bigger problems for crypto #business

Investors are worried that liquidity problems for crypto financial-services firm Genesis could spill over to its parent company, Digital Currency Group, and damage the already battered crypto market even further, after Genesis’s lending arm paused withdrawals last week.  Genesis has been trying to raise at least $1 billion from investors and warned that it may […]

Fed Minutes Point to Slower Rate Hikes but Higher ‘Terminal’ Rate #business

The Federal Reserve is on track to slow its pace of interest-rate increases next month. But don’t mistake that move for a dovish turn in the central bank’s fight against inflation. Minutes released Wednesday from the Fed’s Nov. 1-2 meeting show central bank officials see some early signs of progress against inflation as financial conditions tighten, the economy […]