The IMF is warning that elevated stock valuations are putting both financial markets and the global economy at risk of some turbulence. “Valuation models indicate that risk asset prices are well above fundamentals, increasing the probability of disorderly corrections when adverse shocks occur,” the organization said in its Global Financial Stability Report published this month….
Another year, another double-digit gain for the S&P 500. But while AI seems to be an unstoppable force propping up the three-year bull rally, Bank of America says unique risks are emerging. Much of the market’s gain since the October 2022 low has been driven by endless enthusiasm for AI, and companies have supported investors’…
If you turn on CNBC or Bloomberg at any given time, there’s a decent chance you’ll see a talking head discussing a bubble in AI stocks. It’s a pretty easy case to make if you use the historical playbook for identifying an overvalued market. Judging by traditional metrics, we’re flashing red. Even Fed Chair Jerome…
New Delhi External Affairs Minister S Jaishankar on Sunday underlined the increasing influence of US-China relations on the global political landscape and warned of a growing trend of competition and risk in international affairs. Jaishankar made these remarks at the 4th Kautilya Economic Conclave in New Delhi today. Focusing on the…
The stock market has been on a months-long rally but the road ahead isn’t necessarily clear. On Monday, researchers at HSBC’s global investment team said they identified a handful of downside risks that could potentially “derail” the rally in stocks since President Donald Trump’s tariffs first rocked financial markets in early April. The bank said…
A Chinese tourist recovering from collarbone surgery has garnered praise for prioritising someone else’s safety over his own by descending a cliff to rescue a drowning Japanese woman at a tour site in Japan. The 54-year-old man, identified as Yang, hails from Xian in Shaanxi province, northwestern China. He was travelling with his wife at…
The stock market is flashing a handful of signs that the latest rally may be about to reverse course, one of Bank of America’s top technical strategists said. Paul Ciana, the global chief technical strategist at BofA, said in a client note on Monday that the market looks like it is facing a handful of…
Earnings are strong. The US economy is holding steady. Fed rate cuts are coming. Nothing looks like it could go wrong in the stock market now. That, at least, is what investors seem to think, with major indexes breaking fresh records this week as traders took in tame inflation data and grew more confident in…
Charlie Kirk’s assassination has prompted many to speak out on social media, including an assistant dean of MTSU. Administrators fired Laura Sosh-Lightsy after she posted what the school called “inappropriate and callous comments” about the conservative activist’s death. The employee stated online: “Hate begets hate. ZERO sympathy.” Her post faced backlash and even caught the…
Federal Reserve Chairman Jerome Powell signaled that the central bank might lower interest rates soon, which could reduce monthly credit card payments and facilitate borrowing for cars and homes, but he warned of economic challenges ahead.”In the near term, risks to inflation are tilted to the upside and risks to employment, to the downside. A…