BlackRock Investment Institute released its 2018 Global Investment Outlook on Monday. Terry Simpson, Multi-Asset Investment Strategist at the Institute, explains his outlook for the economy heading into the new year.
The top themes in 2018 include: room to run in economy growth, inflation making a comeback in select regions, and lower reward for risk. This year, the global stage saw big surprises in economic growth from Europe, Japan, and China. Simpson expects the economic recovery to continue, but adds that there won't be as many surprises in 2018.
On Sunday, CBOE launched futures contracts for cryptocurrency. During this first day on futures, Bitcoin surged 26 percent. Simpson says he sees tremendous opportunity for blockchain technology. But, Simpson says, now is not an opportune time to recommend that its institutional clients invest in crypto assets, because of lack of regulation and volatility.
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
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Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
Mortgage rates have dropped below 7% for the first time since the middle of August.
Taylor Swift grossed nearly $2 billion this year, according to Billboard.
A study from US News and World Report has found the most affordable place to retire is in Ohio.
