Author: Press Room

Some things are a mystery. For millions of Americans, their credit scores are one such baffling phenomenon, but there’s no reason why they should remain so. Why, for example, do people have bad credit scores, despite managing their finances, and never going into the red, while other people who take more financial risks have excellent credit?… Read the full article here

Treasury yields finished mostly lower on Wednesday, after minutes of the Federal Reserve’s last meeting discussed the possibility of a mild recession later this year and data showed U.S. consumer prices rose more slowly in March. What happenedWhat drove markets Minutes of the Federal Reserve’s March policy meeting showed that policy makers were keenly worried about the impact of banking-sector stress on the economy, and that Fed staff projected a mild recession starting later this year. Mary Daly, head of… Read the full article here

© Reuters Catalent valuation path increasingly clear, Moderna partnership renewal strategically important – Deutsche Bank By Sam Boughedda Catalent (NYSE:) was upgraded to Buy with its price target raised to $88 from $79 at Deutsche Bank on Monday. The analysts there believe Catalent’s valuation path is increasingly clear, with the firm now having even more conviction in its 2023/2024 estimates. They also see a “diminishing tail risk due to strengthening strategic partnerships and increased management accountability and ownership.” “We acknowledge the stock’s outperformance +44% vs the +7% ytd; however, we still see a 2.5-to-1 positive risk/reward skew for the stock under…

By Shariq Khan BENGALURU (Reuters) -Oil prices edged lower on Thursday, after scaling multi-month high levels in the previous session, weighed by fears of a looming recession in the United States and warnings from the OPEC group about hits to summer oil demand. fell 85 cents, or 1%, to $86.48 a barrel by at 1:41 p.m. EDT (1741 GMT). U.S. West Texas Intermediate (WTI) slipped 73 cents, or 0.9%, to $82.53 a barrel. Brent and WTI rose 2% on Wednesday to their highest in more than a month as cooling U.S. inflation spurred hopes that the U.S. Federal Reserve will…

By Leika Kihara TOKYO (Reuters) – New Bank of Japan Governor Kazuo Ueda’s main challenge will be to phase out yield curve control (YCC), which has come under criticism for distorting markets by keeping long-term interest rates from rising. Under YCC, the BOJ targets short-term interest rates at -0.1% and the 10-year government bond yield at 0.5% above or below zero, in an effort to sustainably achieve 2% inflation. Here is how Japan’s YCC works and its potential pitfalls. WHY YCC? After years of huge bond buying failed to fire up inflation, the BOJ cut short-term rates below zero in…

Visa V have launched their “Visa+” service, initially through partners PayPal and Venmo, with the admirable aim of helping people to send money between different payment apps. The basic idea is to create a directory of “pay names” so that you can send money to (eg) dgwbirch without having to know whether dgwbirch is using this app or that app, this network or that network. Think how much easier life will be when you can just put a pay name on your business card so that anyone can send you money without having to know your routing code and account…

Now that the retail industry has closed the books on fiscal 2022, the outlook as we head into year one of a post-pandemic economy seems clear — Consumers are hedging discretionary spending while eager to get out and see the world. That was the topline takeaway from a recent survey by consulting giant Deloitte. The firm reported last month that about 40% of Americans surveyed for its Global State of the Consumer Tracker “feel financially worse off compared to a year ago … and nearly half still say they’re delaying large purchases.” Meanwhile, Deloitte reported, “The US travel industry recovery…

Intuitive Surgical (NASDAQ: ISRG) is scheduled to report its Q1 2023 results on Tuesday, April 18. We expect Intuitive Surgical ISRG to report revenue and earnings slightly above the street estimates, driven by a rise in total procedures volume. Although we believe the company will navigate well during the quarter, the stock has little room for growth, as discussed below. Our interactive dashboard analysis on Intuitive Surgical Earnings Preview has additional details (1) A rise in procedure volume to drive revenue growth Trefis estimates Intuitive Surgical’s Q1 2023 revenues to be around $1.61 billion, marginally above the $1.59 billion consensus…

Majority of Americans Aren’t Confident in the Safety and Reliability of Cryptocurrency Among the vast majority of Americans who say they have heard at least a little about cryptocurrency (88%), three-quarters say they are not confident that current ways to invest in, trade or use cryptocurrencies are reliable and safe, according to a Pew Research Center survey. This comes out to about two-thirds of all U.S. adults. While concern about cryptocurrency is broad, some groups of Americans are more concerned than others. For instance, adults ages 50 and older who have heard about cryptocurrency are more likely than their younger…

Social Security benefits automatically convert to standard retirement benefits at full retirement age (FRA) and this retirement benefit can then be suspended. Here’s the story of one disability benefit recipient’s frustrating attempts to do so. I asked James (a pseudonym) to write up his experience in trying to suspend his retirement benefit starting with his reaching full retirement age (FRA) in order to maximize his delayed retirement credits and receive the maximum available retirement benefit starting at age 70. As you can read in his statement below, he requested this suspension to occur before reaching FRA. But he was disabled…