Bill Gross Says Stick to Value Stocks, Avoid Tech as US Yields Soar
Bill Gross offered some advice to investors as Treasuries and equities slumped Thursday after some worrisome US economic data: “Stick to value stocks, avoid tech for now.”
Bill Gross offered some advice to investors as Treasuries and equities slumped Thursday after some worrisome US economic data: “Stick to value stocks, avoid tech for now.”
Mortgage rates in the US increased for a fourth straight week.
Argentina’s central bank cut its key interest rate for the fourth time since President Javier Milei took office in December as officials bet on a sustained slowdown in inflation in the South American nation.
Individual investors are pessimistic that the US stock market can bounce back after stumbling in April with inflation remaining stickier than expected and economic growth stalling.
Ukraine’s finance chief said a $61 billion US aid package helps cover budget gaps for this year, though the nation’s fiscal outlook for 2025 is “very uncertain” given the duration of the war with Russia.
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