You can do the opposite of a losing strategy and still lose. That’s important to keep in mind when considering whether to take the opposite side of trades recommended by losing advisers. Given that the vast majority of investment advisers and fund managers lag the market, doing the mirror opposite…

Good news for house sellers. Bad news for buyers. U.S. consumers have high hopes for house prices, despite interest rates that have doubled over the last two years. Expectations for growth in median home prices increased to 2.6% in May from 2.5% in April, the highest reading since July 2022,…

The markets and many economists expect the Federal Reserve to keep rates unchanged this week while keeping the door open for a hike as soon as the next meeting in July — a “hawkish pause” that some Fed officials are calling a “skip.”“We expect there to be close to full…

© Reuters. FILE PHOTO: The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly// WASHINGTON (Reuters) -Texas won the latest round in its antitrust lawsuit against Alphabet (NASDAQ:)’s Google on Monday as a U.S. judicial panel ordered…

By Scott DiSavino NEW YORK (Reuters) -Oil prices rose over 2% on Friday after the U.S. Congress passed a debt ceiling deal that averted a government default in the world’s biggest oil consumer and jobs data fueled hopes for a possible pause in Federal Reserve interest rate hikes. The focus…

Investing.com – The U.S. dollar climbed higher in early European trading Tuesday, remaining close to a two-month peak, as traders digested the potential for more Federal Reserve interest rate hikes as well as the passage of the U.S. debt ceiling deal through a divided Congress. At 03:05 ET (07:05 GMT),…

By David Lawder and Andy Sullivan WASHINGTON (Reuters) – Republicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating U.S. default, but does little to slow a massive buildup of total federal debt now on pace to exceed $50 trillion in a decade. The deal’s…

OBSERVATIONS FROM THE FINTECH SNARK TANK When Apple speaks, people listen—and pundits pontificate. The pundits came out in force after Apple announced the Vision Pro, a mixed reality headset. Apple describes the Vision Pro as a “spatial computer that seamlessly blends digital content with the physical world.” According to its…

Executives at the world’s largest asset manager are worried about rising long-term inflation, and the willingness of the Federal Reserve to save stock investors. Blackrock Inc. published last week its Global Outlook for 2023. The report identifies three drivers that should know about, because they will reset stock and bond…

While the pandemic threw the American economy for a loop and rising interest rates from 2022 to 2023 have proved detrimental to several sectors, one area of finance that shows some positive signs is student loan defaults. As of the latest data available on student loan default rates, the annual…