Description: The Swiss National Bank on Monday reported a loss of 132 billion Swiss francs ($143 billion) for the 2022 financial year, citing preliminary figures. It represents the biggest loss in the central bank’s 116-year history and equates to roughly 18% of Switzerland’s projected gross domestic product of 744.5 billion Swiss francs. Its previous record loss was… Read more »
Posts Categorized: Personal Finance
Why Thursday’s U.S. CPI report might kill stock market’s hope of inflation melting away
Description: A mild stock market rally to kick off the new year will be put to the test.. Source: MarketWatch.com Date: Jan 11, 2023 Link: https://www.marketwatch.com/story/why-thursdays-u-s-cpi-report-might-kill-stock-markets-hope-of-inflation-melting-away-11673449025?mod=home-page Questions for discussion: What does the report say about the expectations for Fed action on interest rates? How do you expect the markets to behave if this proves to… Read more »
People are leaving Canada’s biggest cities amid a housing crunch
Description: Canada’s largest cities are getting bigger and more expensive, forcing hundreds of thousands of people to search for affordable housing elsewhere.Toronto, the country’s biggest urban center, saw nearly 100,000 people leave the area, with 78 per cent choosing to settle in other parts of the province over a one-year period to July 1, according… Read more »
How health insurance may have made health care more expensive
Description: Widespread medical debt is a uniquely American problem. Roughly 40% of U.S. adults have at least $250 in medical debt, according to a survey conducted by Kaiser Family Foundation. Source: CNBC.com – video report Date: Jan 08, 2023 Link: https://www.cnbc.com/2023/01/08/how-health-insurance-may-have-made-health-care-more-expensive.html Questions for discussion: What is the explanation presented in this report for higher health care… Read more »
The Fed delivered a message to the stock market: Big rallies will prolong pain
Description: The proverbial Fed put is officially dead and gone: strategist Source: MarketWatch.com Date: Jan 06, 2023 Link: https://www.marketwatch.com/story/why-the-fed-doesnt-like-stock-market-rallies-11672945830 Questions for discussion: What does the article say is going on in the stock market and the role played by the Fed? Do you think the Fed is behaving wisely? Do you think there is a… Read more »
JPMorgan looks at ‘Armageddon scenario’ of Fed jacking rates up to 6.5%. Its conclusion may come as a surprise.
Description: The stock and bond market could handle a much more aggressive Fed than expected, strategists argue Source: MarketWatch.com Date: Dec 08, 2022 Link: https://www.marketwatch.com/story/jpmorgan-looks-at-an-armageddon-scenario-of-the-fed-jacking-rates-up-to-6-5-its-conclusion-may-be-a-surprise-11670507441 Questions for discussion: What is the basis for this argument? Do you agree with this assessment? What do you think the Fed will do over the next few months and… Read more »
Here’s what America’s top CEOs are saying about a possible recession in 2023
Description: As 2023 approaches and the prospect of a recession looms, corporate America is preparing for a slowdown in consumer spending. CEOs of major companies including Walmart and General Motors joined CNBC’s “Squawk Box” on Tuesday morning to talk inflation, interest rates, geopolitics and what it all means for their outlooks in the new year…. Read more »
Opinion: There’s a strong possibility that the bear market in stocks is over as investors have given up hope
Description: There’s a strong possibility that the bear market in stocks is over as investors have given up hope Source: MarketWatch.com Date: Dec 03, 2022 Link: https://www.marketwatch.com/story/theres-a-strong-possibility-that-the-bear-market-in-stocks-is-over-as-investors-have-given-up-hope-11669999664 Questions for discussion: What is the basis for this opinion? Do you agree with the analysis?
Lululemon stock drops following earnings, analyst downgrades
Description: Yahoo Finance Live checks out Lululemon shares following its latest earnings report and removal from analysts’ conviction buy list. Source: Yahoo.Finance.com – video report Date: Dec 09, 2022 Link: https://ca.finance.yahoo.com/video/lululemon-stock-drops-following-earnings-205747786.html?contentType=VIDEO Questions for discussion: Summarize the analysis presented concerning the firm. Is this a good buying opportunity for investors?
Will U.S. Holiday Shoppers Reward Companies for Doing Good?
Description: The recent Bentley-Gallup Force for Good study found that most Americans are willing to pay a premium for products from companies that have a reputation for doing good. Specifically, majorities of at least 60% said they would be willing to pay extra for a simple consumer good — a T-shirt — if the company that made… Read more »
