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2022-06-15 19:59:03 PayPal Launches a Monthly ‘Buy Now Pay Later’ Option

Shares of PayPal Holdings were higher Wednesday after the digital payment platform introduced PayPal Monthly, its newest buy now, pay later (BNPL) offering for users.

Consumers will be able to spread payments over longer periods, the company said in a news release on Wednesday. Consumers who have been approved will be able to break the total cost of purchases between $199 and $10,000 into monthly payments over a six- to 24-month period. The first payment will be due one month after purchase.

Pay later products through PayPal have no late fees and users can choose between their debit card or bank account for repayment, the company said. The annual percentage rate can reach 29.99% based on consumer credit eligibility and is subject to credit approval.

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2022-06-15 19:57:29 Dow pares nearly 400-point gain as Fed weighs biggest interest rate hike since 1994

U.S. stocks rose, but were off session highs on Wednesday, as investors debated whether the Federal Reserve will later deliver the largest interest rate hike since 1994.

Stocks ended mostly lower on Tuesday, with the Dow and S&P 500 posting their lowest closes since early 2021 as the indexes extended their losing streak to five days. The Nasdaq Composite rose 0.2%.

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2022-06-15 19:55:44 A Shocking Number of Stocks Are in the Red. Here’s Why That’s a Bullish Sign

Nasty market drops like the recent one usually include the majority of stocks. Recently, declines have been harsh on even wider swaths of the market than usual, and that could present a buying opportunity.

The S&P 500 has dropped 21% from its early January all-time high. One of the most powerful drivers of that has been high inflation. Rising costs are also reducing profit margins, something consumer staples companies are certainly dealing with. The inflation has spurred the Federal Reserve to plan many interest-rate increases, which would further reduce economic demand and earnings growth. Plus, higher rates on long-dated bonds make future profits less valuable, causing stock valuations to plummet.

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2022-06-14 20:25:46 The Fed Brings Out the Rate Hike Bazooka

With another 75bp rate hike on the cards for the July meeting, some Wall Street economists have mooted the idea of an even bigger 100bp hike.

We’ve kicked off a week full of central bank meetings in brutal fashion, with volatility in the red zone. After scorching-hot inflation figures out of the US last Friday, selling in risky assets has continued as bond yields hit new cycle highs. Moves in the fixed income markets have been huge, as expectations for interest rate hikes have ratcheted up. All eyes are on the FOMC tomorrow, as the market goes into overdrive over how high policymakers will go to tame the inflation beast.

But evidence of sticky inflation over the coming months should keep hawkish pricing and also by extension, the dollar, underpinned, even if stocks markets can stage a recovery. Of course, risky assets have been impacted by the prospect of higher rates for some time, and that trend looks to be well entrenched currently.

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2022-06-14 20:22:34 Even as Recession Worries Mount, Some Companies Are Declaring Big Dividend Hikes

Even as worries about a recession grow louder, several companies have been putting through large dividend increases, signaling confidence in their businesses.

On Tuesday global shipper FedEx (ticker: FDX) said it plans to boost its quarterly dividend to $1.15 a share from 75 cents, a 53% increase. That dividend boost far exceeds the one FedEx announced a year ago, when it declared a quarterly disbursement of 75 cents a share, up about 15% from 65 cents.

As of May 9, the average dividend increase this year among S&P 500 companies was 13.4%, according to S&P Dow Jones Indices. That compares with 11.8% for all of 2021 and 8.6% in 2020, when many companies suspended or cut their dividends owing to the pandemic.

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2022-06-14 13:02:52 Happy Birthday

All members of ATAF wishing Mr. Donald Trump Happy Birthday and all the best for the upcoming future.

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2022-06-13 23:37:13 Tightening of financial conditions accelerates, recession fears grow as May CPI report becomes multi-day trading event

Recession fears grow !!!

Financial markets convulsed on Monday as investors considered the prospects of U.S. inflation accelerating, not decelerating, after the release of May’s consumer-price index report.

Signs of the sentiment shift since Friday’s data release were evident in the fast-paced tightening of financial conditions, plus an outlook for more aggressive Federal Reserve rate hikes.

Gains in the two-year Treasury yield, which reflect expectations for more aggressive Fed tightening, outpaced those of the 10-year rate earlier on Monday. That caused the spread between the two rates, a widely followed indicator of the economic outlook, to briefly shrink to the brink of inversion — pointing to a rising probability of recession over the next two years, said Brett Ryan, a senior economist at Deutsche Bank Securities.

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2022-06-13 16:40:49 Euro zone to avoid recession, growth to accelerate in Q3 – ECB survey

The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed on Monday.

The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed on Monday.

The economy is now expected to grow by 0.1% in the second quarter, accelerating to 0.4% in both the third and fourth quarters, the ECB’s Survey of Monetary Analysts showed.

The survey, a key input in ECB policy deliberations, also predicted that the ECB would raise its deposit rate by a combined 75 basis points this year and a combined 150 basis points by the end of next year, with the rate peaking at 1.25% in mid-2024.

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2022-06-13 16:37:14 EU Aims to Clinch Deal on Landmark Crypto Law This Month

The European Union is nearing an agreement on key legislation to regulate the cryptocurrency sector that would set common rules across the 27 member states, people familiar with the matter said.

France, which currently chairs the EU, and the European Parliament are optimistic about resolving remaining issues holding up the Markets in Crypto-Assets (MiCA) package and reaching a deal this month, according to the people. Negotiators are expected to meet on June 14 and June 30.

MiCA, first presented in 2020, will put European regulators at the forefront of supervising cryptocurrencies by creating unified rules across the $17 trillion economy. Addressing issues such as investor protection and crypto’s impact on financial stability has taken on added urgency after last month’s collapse of the TerraUSD algorithmic Stablecoin.

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2022-06-13 16:35:25 Marketmind: Who wants to be a central banker?

A half-point U.S. Fed interest rate rise was always a done deal for Wednesday, but with annual inflation rising at the fastest since 1981, expectations are growing of a 75 basis-point move, either this month, or at one of the bank’s upcoming meetings.

That’s sent two-year Treasury yields to 15-year highs at almost 3.2%, having jumped 40 bps last week. The dollar has surged back to four-week peaks.

But the combo of inflation and central bank action is tightening the screws on the economy, sending U.S. consumer sentiment to a record low in early-June.

With the 2-year/10-year Treasury yield curve back on track for inversion, recession warnings are flashing.

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