Markets Appear Convinced Fed Can Do a Soft Landing
Stocks surged this past week on evidence that inflation is cooling.
What Markets Are Saying About the Inflation Fight
Investors have long expected inflation to fall back to the Fed's 2% target relatively quickly, a bet that is starting to look better now than it did a few months ago.
Investors Are Bailing on Cathie Wood's ARK Fund
Once the largest actively managed ETF, the fund has shrunk to roughly $9 billion.
Venture Firms Scale Back Megafunds
The prolonged startup bear market is forcing some venture firms to unwind investments and scale down expansion plans.
A Buoyant Global Economy Is Starting to Sag
Manufacturing activity is weakening, Europe has slipped into a mild recession, China's rebound from Covid-19 is sputtering and heavy debt and high interest rates burden many emerging markets.
Economists Are Cutting Back Their Recession Expectations
Forecasters still expect GDP to eventually contract, but later, and by less, than previously.
SEC's Crypto Strategy Stumbles in Ripple Case
A federal judge has ruled that some sales of the XRP token aren't covered by a 77-year-old Supreme Court test that created a definition for obscure securities.
Global Migration Boom Keeps Housing Costs High
Lured by tight labor markets, people are moving across borders in record numbers and many are landing in cities where housing is in short supply.
Unions Park Their Cash at This Bank. Will They Stick Around?
Amalgamated has big paper losses and a large number of uninsured deposits.
Stocks Rise for Week as Inflation Fears Calm
The S&P 500 edged lower for the day as bank earnings season kicked off, but finished the week with a broad-based 2.4% gain.
(END) Dow Jones Newswires
07-16-23 2115ET
