People in Poland are burning garbage to keep warm as the energy crisis in Europe intensifies. Meanwhile, Romania is capping the price of firewood at about $80 per cubic meter. Russia’s invasion of Ukraine has upended Europe’s energy supply ahead of winter. Loading Something is loading. Europe’s energy crisis is pushing Polish citizens to burn… Continue reading People in Poland are burning garbage, and Romania is capping firewood prices as desperation grows amid Europe’s energy crisis
The Federal Reserve will continue to raise interest rates ‘until the labor market cracks,’ Bank of America says
The Federal Reserve will want to see the US labor market shedding jobs before it stops raising interest rates, Bank of America said Thursday. To fight inflation, policymakers are hiking rates “with the expressed purpose of rebalancing the labor market,” the investment bank said. The Fed may not stop raising the fed funds rate until… Continue reading The Federal Reserve will continue to raise interest rates ‘until the labor market cracks,’ Bank of America says
A cap on the price of Russia oil would give countries more leverage to negotiate better prices from suppliers, US official says
A cap on the price of Russian oil would give countries more leverage to negotiate better prices from suppliers. A Treasury official added that the US had “positive” talks with China and India, major buyers of Russian crude. G7 nations are ironing out details about the cap, such as penalties for countries who don’t adhere… Continue reading A cap on the price of Russia oil would give countries more leverage to negotiate better prices from suppliers, US official says
‘Someone will get hurt’: Investors and analysts warn on rising market stress
Big swings across asset markets are raising the risk of a financial accident Author of the article: Financial Times Eric Platt and Kate Duguid in New York A sign for Wall Street outside the New York Stock Exchange. Photo by Mike Segar/Reuters files Investors and Wall Street analysts are sounding the alarm about a possible… Continue reading ‘Someone will get hurt’: Investors and analysts warn on rising market stress
‘Ray no longer has the final word’: Ray Dalio gives up control of world’s largest hedge fund
Dalio initiated the succession plan as far back as 2010 Author of the article: Bloomberg News Erik Schatzker Ray Dalio, the billionaire founder of Bridgewater Associates, has given up control of the firm he built into the world’s largest hedge fund. Photo by Simon Dawson/Bloomberg After 12 years of trying, Ray Dalio is finally letting… Continue reading ‘Ray no longer has the final word’: Ray Dalio gives up control of world’s largest hedge fund
Warren Buffett’s likely successor — a Canadian — buys $68 million of Berkshire stock
Greg Abel invests more skin in the game to the relief of shareholders Author of the article: Bloomberg News Dan Reichl and Katherine Chiglinsky Canadian Greg Abel is the current heir-apparent to investing guru and head of Berkshire Hathaway Warren Buffett. Photo by Jim Wells /Postmedia Greg Abel, who is in line to eventually succeed… Continue reading Warren Buffett’s likely successor — a Canadian — buys $68 million of Berkshire stock
The Best Oil Stocks to Buy Now, According to the Pros
In what could be a boon for the best oil stocks to buy now, OPEC+ agreed to cut crude production by 2 million barrels a day. The move represents the largest reduction in output by the Organization of the Petroleum Exporting Countries and its allies since the height of COVID-19 lockdowns in 2020. OPEC’s move… Continue reading The Best Oil Stocks to Buy Now, According to the Pros
Investing in Emerging Markets Still Holds Promise
Most investors today worry about inflation and the response to it from the Federal Reserve, but it’s time for a longer view. If you’re buying stocks for gains over the next 10 years or more, you need to imagine the contours of the future. A July report from the United Nations gives a hint. Researchers… Continue reading Investing in Emerging Markets Still Holds Promise
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