Goldman Sachs said it’s still bullish on oil but slashed its price target on Brent crude to $100 a barrel from $125. The surging US dollar and weakening global demand are headwinds to oil prices, according to a note. But low levels of investment, spare production capacity, and inventories point to supply-side tailwinds. Loading Something… Continue reading Oil is poised for a weaker rally after ‘investor exodus’ on strong dollar and recession fears, Goldman says
The 2022 bloodbath across markets has taken its toll on financial influencers – and the void left as they pull back is being filled by loads of spam
As stocks plummet, markets have become less susceptible to the Midas touch of “finfluencers.” Spam activity on social media is rising as celebrities and influencers grow quiet, data shows. “You have a whole army of bots that can create that same explosion [as Elon Musk],” one cultural anthropologist said. Loading Something is loading. After driving… Continue reading The 2022 bloodbath across markets has taken its toll on financial influencers – and the void left as they pull back is being filled by loads of spam
UBS names 12 stocks that are most likely to grow their dividend payouts to shareholders above-average within the next 6 months
A report from UBS equity strategists recommends buying growth over value-style indices. It favors dividend-paying stocks because they are likely to outperform in this economic environment. The slides below are 12 stocks that pay above the 2.5% average yield from UBS’ list of 40 stocks. As interest rates continue to rise, downside risks for the… Continue reading UBS names 12 stocks that are most likely to grow their dividend payouts to shareholders above-average within the next 6 months
The pound just hit an all-time low — but it’s not just dollar strength. Here’s how Brexit is at the root of the market rout.
The pound hit an all-time low last week as the new UK government’s tax-cut plans spooked markets. The strong US dollar is a big factor — but Brexit’s hit to the UK economy set the stage for the rout. Brexit rattled faith in the UK as a safe bet, and the abrupt tax cuts have… Continue reading The pound just hit an all-time low — but it’s not just dollar strength. Here’s how Brexit is at the root of the market rout.
Stocks are attractive now as the war on inflation has already been won and Fed tightening may be nearing an end, says a Wall Street chief strategist
Stocks look good now as the Federal Reserve appears close to ending its tightening, according to Jim Paulsen. Inflation has already rolled over and will continue to decline, the Leuthold Group’s chief investment strategist said. “Historically, peak inflations have been very good times to buy the stock market,” Paulsen told CNBC. Loading Something is loading.… Continue reading Stocks are attractive now as the war on inflation has already been won and Fed tightening may be nearing an end, says a Wall Street chief strategist
The Brazilian real and the Mexican peso have surged against the dollar as it steamrolls rival currencies this year — but economic and political risks could eat into their gains
Brazil’s real and Mexico’s peso are standout currencies this year in managing to rise against the dollar. Relatively high yields in the emerging market economies are among the factors that make the currencies attractive. But risks loom in worries about global recession and Brazil’s presidential election. Loading Something is loading. While the US dollar has… Continue reading The Brazilian real and the Mexican peso have surged against the dollar as it steamrolls rival currencies this year — but economic and political risks could eat into their gains
One of Wall Street’s biggest bulls is losing conviction on the stock market as the risk of a Fed policy error rises
One of Wall Street’s biggest bulls is highlighting two big risks that loom for the stock market. JPMorgan’s Marko Kolanovic said escalating Russia tensions and a potential Fed policy error dent his enthusiasm for stocks. “Most of the risks in 2022 are a result of policies… it all amounts to throwing rocks in glass house,”… Continue reading One of Wall Street’s biggest bulls is losing conviction on the stock market as the risk of a Fed policy error rises
Warren Buffett’s Berkshire Hathaway has seen $32 billion wiped off its Apple stake this year – $1 billion more than it spent on the iPhone maker’s shares
Warren Buffett’s Berkshire Hathaway has seen its Apple stake drop in value by $36 billion this year. The decline in worth exceeds Berkshire’s $31 billion cost base for the position. Apple stock has tumbled 24% this year on fears of an economic downturn and flagging iPhone demand. Loading Something is loading. Warren Buffett’s Berkshire Hathaway… Continue reading Warren Buffett’s Berkshire Hathaway has seen $32 billion wiped off its Apple stake this year – $1 billion more than it spent on the iPhone maker’s shares
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