Mizuho says shrinking the Fed’s balance sheet through quantitative tightening is a ‘total mistake’

The Fed’s attempt to shrink its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief economist in the US. “There is a counterintuitive possibility that market liquidity could be adversely affected before the $2 trillion target is raised, preventing the Fed from achieving its target,” Stephen Ricciotto, chief … Read more

Opinion: The gates are open for grandparents to grandchildren’s huge college savings

If you’re a grandparent looking to salvage the situation by helping your grandchildren pay for college, take a second look at the tax-advanced 529 college savings plan before the end of the year. rule changes To accounts for federal financial aid in 2023 means that new investment opportunities are open for family members to help … Read more

Think you had a bad week? Salesforce, cloud companies have had some of their worst weeks ever

Salesforce Inc shares fell. Other cloud software stocks were in the red for the week, with cloud software stocks turning red on Friday instead of silver, sending some industry-tracking cloud companies and ETFs into some of their worst weeks ever. Expectations from former software darlings this week heightened concerns about companies cutting capital spending in … Read more

US job opportunities rose in September in the still tight labor market

U.S. job opportunities rose in September as demand for workers continued to outpace the number of unemployed people looking for work, a sign of the continued tight labor market. Total employment for employers rose by 437,000 to 10.7 million seasonally-adjusted jobs in September from 10.3 million upwardly-adjusted jobs the previous month, the Labor Department said … Read more

Opinion: The cloud boom has reached its most stormy moment yet, and it’s costing investors billions

The cloud boom has finally reached a precarious height, but Wall Street is doing nothing but rest. Amazon.com Inc. AMZN, -4.06%And the The original pioneer in cloud computing, on Thursday confirmed what rivals Microsoft Corp. MSFT, -1.98% and Alphabet Inc. Google, -2.85% GOOG, -2.34% It was suggested with their earnings reports earlier in the week: … Read more

Opinion: This easy and free iPhone hack might be the most important estate planning step you take

You might think that the most valuable things you have on your iPhone to leave behind after you die are your photos that you (hopefully) backup in the cloud. But take two minutes to set up an old contact for your mobile device. This simple and free step can make a huge difference to your … Read more

Tesla cuts prices in China as costs fall and competition intensifies

Hong Kong – Tesla a company TSLA -4.60% Reduced prices of cars sold in China, days after the CEO Elon Musk He said most material costs are declining amid increased competition from local competitors. The prices of popular Tesla Model Y and 3 sold in China, the world’s largest electric vehicle market, have been reduced … Read more

Stock market investors are preparing for a more active week in earnings season. Here’s how it stacks up so far.

So far, so good? Stocks finished the first full week of earnings season On a strong note Friday, the Dow Jones Industrial Average pushed the Dow Jones Industrial Average, + 2.47%And the S&P 500 SPX, + 2.37% and Nasdaq Compound, -0.81% to the strongest weekly gain since June. It’ll be more active next week, with … Read more

The US dollar continues to stay strong: what this means for the stock market and investors

Amid all the extreme volatility of 2022, there is one thing investors can still count on: a strong US dollar. ICE DXY US Dollar Index, -0.61%And the Which measures the strength of the US currency against a basket of six other currencies, has risen 19.5% in the past 12 months, as the dollar crushed major … Read more

This is not a QE or QT. This is not any of those. Why is the US Treasury exploring debt buybacks

The US Treasury said Friday it plans to start talking to primary dealers in late October about the possibility that it could begin buying back some of its old debt to help avoid disrupting market functions. The plan, if adopted, would mark a milestone in the roughly $22.6 trillion US government bond market, the world’s … Read more