Wharton’s Jeremy Siegel says it may be a rough 3 to 6 months for stocks
Jeremy Siegel believes the Federal Reserve has gone too far with its rate hikes, making a recession and downturn in equities imminent later this year.
House Democrats call for immediate hearing on Texas abortion pill ruling
All 23 House Democrats on the Commerce committee noted in a letter that the abortion pill ruling undermines the FDA’s authority over the drug-approval process.
Fed expects banking crisis to cause a recession this year, minutes show
The Federal Reserve on Wednesday released minutes from its March 21-22 policy meeting.
Amazon workers seriously injured at more than twice the rate of other warehouses, study finds
In 2022, Amazon warehouse workers suffered serious injuries at more than twice the rate of comparable facilities, according to the Strategic Organizing Center.
House Judiciary Committee subpoenas FTC for Twitter-related documents
An FTC spokesperson said the agency had offered to brief congressional staff on its inquiry but that they hadn’t yet taken the FTC up on that offer.
Juul to pay $462 million to settle youth vaping claims from six states, D.C.
The attorneys general accused Juul of marketing addictive vaping products to underage teenagers.
Warner Bros. Discovery unveils new flagship streaming service, ‘Max’
Max will launch on May 23 and combine scripted dramas like HBO’s “Succession,” “White Lotus” and “House of the Dragon” with Discovery’s unscripted staples
Goldman Sachs says now is the time to buy this payments tech company
Analyst Will Nance said that the recent selloff of Global Payments shares presents a prime buying opportunity for investors. He estimates 20% upside for shares.
Antiabortion group says appeals court lacks authority to block Texas abortion pill ruling
The Justice Department has said it will ask the Supreme Court to intervene in the case if necessary.
Time for a buffer? Defined outcome strategies in a down market
Safeguarding against downside risks remains an evergreen strategy for investors this year, with ETFs that offer a “buffer” increasingly in demand.
