HomeFinancial MarketsStocks Thrive Amidst Turmoil-Filled Time

Stocks Thrive Amidst Turmoil-Filled Time

The number one storyline in the finance sector over the last few months—and really the entire year of 2022—has been the prospect of a new recession. This storyline doesn’t come out of nowhere, with finance experts citing numerous indicators that show a declining U.S. economy.

But as the old saying goes, where one commodity goes up, another one goes down—and that certainly seems to be the case here. It’s safe to say that any positive news in the current financial world, with the way it is now, is surprising and excellent news. The stock market seems to be holding that torch right now—a shining beacon of hope amidst a hard time that no one saw coming.

The Nasdaq has indeed been rallying hard lately, with an impressive boom of just over 10% since June 16th. The success of stocks continued to thrive well through July as well, and now the market is sitting on a truly successful month—something that most people probably didn’t see coming.

Companies such as Amazon and Apple have both seen reason to be optimistic throughout this time, with Amazon CEO Andy Jassy maintaining that “despite continued inflationary pressures in fuel, energy, and transportation costs, we’re making progress on the more controllable costs we referenced last quarter.”

UBS Formally Submits Offer To Buy Credit Suisse

UBS Group AG has formally offered to buy the struggling Credit Suisse for up to $1 billion, the Financial Times reported on Sunday. In...

Chief Economic Adviser At Allianz Calls For Interest Rate Hike

Allianz SE chief economic advisor and Bloomberg Opinion columnist Mohamed El-Erian has called on the Federal Reserve to implement a 25 basis point hike...

BlackRock Reportedly Intervenes In UBS, Credit Suisse Talks

BlackRock Inc Vice Chairman Philipp Hildebrand is taking part in talks as Swiss officials look to draft a deal that will see UBS Group...