Fact-checkers target Biden over ‘false and misleading’ statements about the economy

President Biden is facing pushback from fact-checkers over a recent speech he delivered in Virginia regarding the economic progress his administration has made during his tenure in the White House. Speaking at the Steamfitters Local 602 in Springfield on Thursday, Biden made multiple claims about the current state of the economy that have fact-checkers — … Read more

Why Redfin Stock Surged This Week

What happened Shares of Redfin (RDFN 19.74%) jumped 17.8% this past week, according to data from S&P Global Market Intelligence, after CEO Glenn Kelman provided some encouraging commentary on the state of the housing market. So what  After correctly warning last March that the residential real estate industry was peaking, Kelman explained in a series of … Read more

Adani Group’s full reply to Hindenburg expected after share sale

By P R Sanjai and Eltaf Najafizada The Adani Group will release a detailed response to allegations made by US short seller Hindenburg Research only after the completion of a new share sale that’s set to conclude on Jan 31, according to people familiar with the matter. The conglomerate owned by Asia’s richest person Gautam Adani … Read more

Wall St Week Ahead Recession fears pose challenge to energy shares after stellar year

NEW YORK, Jan 27 (Reuters) – A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year’s stunning run, despite valuations that are seen as still comparatively cheap. The S&P 500 energy sector (.SPNY) is up 4.2% year-to-date, slightly lagging the … Read more

Nasdaq Bear Market: Cathie Wood Is Still Bullish on These 3 Beaten-Down Growth Stocks

Cathie Wood, the founder and CEO of Ark Invest, rose to popularity during the coronavirus pandemic thanks to her firm’s successful bets on some of the most disruptive tech companies. Her flagship exchange-traded fund (ETF), the Ark Innovation ETF (ARKK 5.54%), skyrocketed 153% in 2021, prompting many investors to closely watch her trading moves as … Read more

Lots of sound and fury on US debt, but not a crisis — yet

WASHINGTON (AP) — For all the sound and fury about raising the nation’s debt limit, most economists say federal borrowing is not at a crisis point … at least not yet. The national debt is at the core of a dispute about how to raise the government’s legal borrowing authority, a mostly political argument that … Read more

The Bond-Market Comeback of 2023 Is Heading to First Big Test

(Bloomberg) — The bond-market’s bulls are poised for the first major test of 2023. Most Read from Bloomberg Treasuries rallied this month on widespread anticipation that the Federal Reserve is nearing the end of its interest-rate hikes as inflation comes down and tighter financial conditions cool the economy. In the coming week, traders will find … Read more

What recession? Inflation, GDP offer hope for ‘soft landing’

Perhaps a 2023 recession can be avoided after all. Consistently falling prices alongside a stronger-than-expected fourth-quarter gross domestic product (GDP) and next week’s anticipated less aggressive interest rate hike from the Federal Reserve are changing economists’ tune and renewing hopes about the overall health of the economy. The personal consumption expenditures price index (PCE) cooled … Read more