Tag: set

The Fed’s 2% inflation target is a ‘pipe dream’ and stocks are set to drop 10%, Stifel’s Barry Bannister warns

The Federal Reserve has been battling inflation for over two years now, raising interest rates and pulling liquidity from markets in hopes of cooling the economy. Despite Wall Street fears that these policies would spark a recession, the U.S. economy has proved remarkably resilient over the past few years. Consumer spending has routinely surmounted expectations; […]

AMC Set to Cash In on Meme-Stock Traders Driving Shares Higher

(Bloomberg) — Retail traders flocking to AMC Entertainment Holdings Inc. in hopes of burning short sellers may also be helping the company shore up its finances. Most Read from Bloomberg That’s because the beleaguered movie theater chain, which surged 78% on Monday amid the meme-stock frenzy, has a fundraising deal known as an at-the-market offering […]