‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world

Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and stocks into a tailspin, concern is rising that the … Read more

Morgan Stanley’s CEO isn’t worried about its stock price. Neither are we

Morgan Stanley (MS) CEO James Gorman said Thursday he’s not worried about the bank’s beleaguered stock price — and that’s a view we share due to our long-term belief in the Club holding’s revenue diversification strategy. “I’m not concerned about it all, where the stock is trading in this environment. Obviously, I feel very good … Read more

FedEx, Boeing, Domino’s and more

Visitors walk past a Boeing board during the Farnborough Airshow, in Farnborough, on July 18, 2022. Justin Tallis | AFP | Getty Images Check out the companies making headlines in midday trading. Boeing — The aerospace company was down 6% after it reached a $200 million settlement on charges of misleading investors following two of … Read more

Cruel winter ahead for Wall Street as pandemic debts come due

A banker recently told me that CEOs “would have to do something pretty special to fall into bankruptcy” the last couple of years as government pumped massive liquidity into the market, on top of the pandemic handouts. That’s now changing, possibly quickly, with the Fed raising interest rates and reducing the size of its balance … Read more