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 […]

Suze Orman says, ‘We’re heading downhill very fast,’ unless employers start providing this lucrative benefit to their workers #business

Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when people spend billions of dollars online in one day. It’s hard to put money aside for a rainy day. Indeed, personal-finance […]

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 […]

More people use ‘buy now, pay later’ for holiday shopping, but experts say that’s a double-edged sword #business

Online purchases using the BNPL rose by 13% year-on-year in November, according to Adobe Analytics. That figure does not take into account Thanksgiving or Black Friday spending. “In an uncertain economic environment, a more cautious consumer is embracing more flexible ways to manage their budget,” Adobe ADBE, the software and market-research company, said in a report […]