Tag: Economy

Bank of America thinks that the stock market’s “easy” leadership era is buckling, and it’s not because the economy is suddenly falling apart. In a Friday note reported by Business Insider, Michael Hartnett’s team argued that the early-2020s era, when Big Tech (and the Magnificent 7) could do no …

Singapore’s bank DBS Q4 net profit misses forecasts; sees rate headwinds persisting

Contender for Bank of Korea governor backs higher property taxes to contain inflation

Gold has clearly been on everyone’s radar, and Wells Fargo just backed that positive sentiment with some eye-popping numbers. The Wells Fargo Investment Institute just bumped its year-end 2026 gold target to $6,100 to $6,300 an ounce, which is up substantially from its previous $4,500 to $4,700 …

South Africa keen to utilise new ECB repo lines, central bank governor says

In economic speeches, Trump claims inflation victory nearly 20 times even as prices bite

Sporting goods and outdoor gear retailers have struggled with multiple major players filing bankruptcy, and some shutting down for good. On a national basis, Dick’s Sporting Goods and Academy Sports have thrived, but big names including Modell’s, Bob’s Stores, Orvis, and Moosejaw have disappeared. …

Trucking in the United States faces a crisis. Rates have been squeezed, and costs have continued to climb, according to data from the American Trucking Association. “The U.S. trucking industry continues to face a harsh economic reality: spot rates have failed to keep pace with inflation…

Frozen dessert fast-food chains are among the favorite shops that consumers enjoy visiting, but financial distress in some cases leads to bankruptcies and closings that disappoint customers. The ice cream shop industry reported 0.9% growth in 2025, according to data from IBISWorld, but still faces …

If you’re hoping for a 3% mortgage and bargain‑basement prices, J.P. Morgan’s 2026 housing outlook suggests you may be waiting a long time. The bank expects 30‑year fixed mortgage rates to “stay elevated at 6+%” in 2026, even if the Federal Reserve begins easing policy later this year…