business news

Morgan Stanley breaks down which markets provide the clearest hints of a downturn

Strategists at Morgan Stanley have put together a guide on which assets are most consistent with the final stages of a bull market. “Our current environment of rising inflation, strong data, tighter policy, flatter yield curves and more volatility is consistent with a late-cycle market,” they said.  The agreed definition …

business news

Bank of America has pinpointed 6 ways stocks could see another $6 trillion correction

For months, Bank of America Merrill Lynch chief investment strategist Michael Hartnett has warned against stock market sentiment he thinks is far too extended. He’s identified six ways the stock market could see another correction rivaling the size of the one that transpired in early February. Recovering from a stock …

business news

‘We all better listen up’: The CEO of an FX trading firm says Wall Street needs to pay attention to the breakneck growth of crypto exchanges

Cryptocurrency-exchanges are growing fast thanks to the booming market for digital coins.  That has David Mercer, the CEO of LMAX Exchange, a foreign exchange trading firm, warning Wall Street that crypto-exchanges might soon come after their respective businesses. Some of most powerful people on Wall Street have derided cryptocurrencies as …

business news

‘As good as it gets’: The stock market’s best-case scenario is playing out on Friday

Wage growth in February was less than economists expected, a report from the Bureau of Labor Statistics showed Friday. That alleviated a pressing concern for US stock investors and resulted in an immediate spike higher in equity futures, which carried into regular trading. The market’s snap reaction shows just how …

business news

Toys R Us is reportedly about to liquidate its US stores as it loses hope of finding a savior

Toys R Us is preparing to liquidate its entire US operation, according to Bloomberg. The retailer filed for Chapter 11 bankruptcy protection in September 2017.  Debt restructuring negotiations are reportedly not going well, but a buyer could still emerge to rescue the chain. Toys R Us is reportedly in its …