Stocks Open Eyes, See Fed Pivot Hawkish; ECB Hike into Recession, Start QT; BoE Hike into Recession; SNB Hike, Sell Foreign Currency Assets

Americans Pessimistic About Prospects for the Economy in 2023: WSJ Poll

More than a third of voters say inflation is causing them major financial strain....

Hawkish ECB Sparks Peripheral Spread Blowout… That The ECB Will Have To Bailout

Translation: More QE (for peripherals) as they promise more QT and rate-hikes?!...

More Adult Children Are Living With Their Parents

The share of adult children who live with their parents has ticked up in recent...

Energy Security Concerns Fuel Boom In Renewable Capacity

The global energy transition has persisted in 2022 despite ongoing supply chain disruptions and inflationary...

The Big Story on the Market Downturn: The Wealth Bubble Is Popping

The implications are huge for economies, fiscal and monetary policy, investors and savers everywhere....

Goldman Sachs to Lay Off up to 4,000 People

As many as 8% of employees may be let go as the Wall Street giant...

Uber Deploying Robots to Replace Human Delivery Drivers

Two years after selling off its self-driving car business, Uber is rolling out a fleet...

US PMIs Scream Recession In December Flash Report

After tumbling to their lowest since the COVID lockdown collapse, S&P Global’s PMI surveys were...

Euro-Area Inflation at 10.1% Slowed Less Than Thought Last Month

Euro-area inflation slowed less than initially reported in November, supporting the European Central Bank’s hawkish...

Home Flipping Profits Drop at the Fastest Pace in Over a Decade

Investors are pulling out of the flipping market, as profits drop very quickly....

Us Recession a Growing Fear as Fed Plans to Keep Rates High

After scaling 40-year highs, inflation in the United States has been slowly easing since summer....

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