Some economists predict the Fed will hike rates by as much as 0.75% next week

An unexpectedly hot inflation reading prompted a duo of economists from major Wall Street firms to call for a monster rate hike at the Federal Reserve’s policy meeting next week. Barclays economist Jonathan Millar said the Fed now has good reason to surprise markets by hiking more aggressively than expected in June due to Friday’s … Read more

Dick’s Sporting Goods, Nordstrom, Wendy’s and more

Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Dick’s Sporting Goods – Shares of the sporting goods seller jumped 11%, despite the company cutting its outlook … Read more

Inflation is rising, but fans are paying for NBA, NFL, other sports tickets

People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a sports economics professor at the University of Maryland, Baltimore County. “Good times, bad … Read more

Strategist says market may become a ‘meat-grinder of forlorn hope’

LONDON – Investors looking for value in the stock market during the ongoing downturn may be “deluding themselves,” according to Sean Corrigan, director at Cantillon Consulting. Fears that central banks will have to hike interest rates aggressively to curb inflation – at the risk of quashing growth as the global economy suffers concurrent hits from … Read more

As the U.S. dollar trades at a 20-year high, Bernstein says these global stocks could benefit

Bernstein has named a raft of global stocks that it says could benefit from the rising strength of the US dollar.

Barclays beats expectations as Russia-Ukraine volatility gives investment bank a boost

A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. Peter Nicholls | Reuters LONDON – Barclays on Thursday beat analyst expectations for the first quarter, as strong investment banking performance helped drive income growth. The British bank reported first-quarter net profit attributable to shareholders of £ 1.4 billion ($ 1.76 billion), … Read more

These are the best stocks to own as bond yields rise, Jefferies says

Jefferies has named the best stocks to own during rising US 10-year Treasury yields.

Walgreens, AMD, Dell and more

A pedestrian wearing a protective mask walks past a Walgreens store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walgreens – The drug store chain fell about 5% after the company reported its quarterly results. Despite recording a beat on earnings, it … Read more