AP Images Professional investors’ pessimistic views of the stock market has hit extreme levels.Bank of America’s fund manager survey showed cash levels among investors is at the highest level since 2001.The confluence of extreme pessimism suggests the stock market will rally in the second half of the year, BofA said. The stock market is poised…
Monthly Archives: July 2022
Goldman Sachs analysts have to train for two years before working with the bank’s wealthiest clients. Kingfisher Productions Private banks cater to the wealthiest clientele, who typically have at least $10 million in assets. The advisor training can take years and spans from case studies to voicemail training. Insider spoke to 4 top banks about…
IMF Managing Director Kristalina Georgieva. Getty Images Europe could crater into a recession without Russian gas deliveries, the IMF warned Tuesday. Nations would have to pool scarce supplies and impose price caps to try and avoid major recessions, it added. A top EU official doesn’t believe Russia will resume Nord Stream 1 gas flows on…
Spencer Platt/Getty Images US stocks edged higher on Tuesday as investors begin to assess second-quarter earnings results.More than 70 S&P 500 companies are set to report results this week, including Netflix, Tesla, and AT&T.Of the 43 S&P 500 companies that have already reported results, about 60% beat profit and sales expectations. US stocks moved higher…
IBM’s CEO Arvind Krishna Brian Ach / Stringer / Via Getty IBM fell Tuesday as a strong US dollar and the loss of the Russian market dented cash-flow projections. Shares were lower despite the company beating sales growth estimates. IBM is currently pushing to pivot to a hybrid cloud-computing model. IBM stock fell Tuesday as…
As an investor, you’ll want to strike a balance between your risk tolerance and risk capacity that provides the best outcome. katleho Seisa/Getty Risk is inherent to investing, and there’s no ironclad rule about the best way to approach it. Risk tolerance is based on your emotional response to financial risk, while risk capacity is…
Asian buyers are backing out of Russian oil as its production ramps up. Photo by Christian Ender/Getty Images Russia’s oil output is rising for the third consecutive month, despite falling deliveries to China and India. It produced 10.78 million barrels a day in the first half of July — a 0.6% gain from June, per…
Our second annual Banking Digital Trust survey polled digital banking users of the 10 largest US banks on which factors across six key dimensions—Security, Privacy, Reputation, Reliability, Ease of Use, and Feature Breadth—most influence their level of trust in their banks’ digital channels. We then asked respondents to rate their banks across each dimension to…
AlexSava/Getty Images China’s US debt holdings dipped below $1 trillion for the first time since 2010, Treasury Department data showed. The decline means China is no longer the bigger holder of US debt. Japan, which trimmed its holdings to $1.212 trillion from $1.218 trillion, is now the top holder. China is no longer the bigger…
You don’t have to wonder when Samsung will hold its next Unpacked event — the company all but spelled it out. As The Vergenotes, Samsung Mobile has posted a simple puzzle teasing an Unpacked presentation on August 10th. You just have to match a grid of characters to their corresponding colors (which conveniently match typical…