US stocks climbed and the Nasdaq snapped a seven-session losing streak Wednesday as traders took in fresh economic indicators. The Beige Book survey found that US economic growth is set to weaken further, while inflation is showing signs of cooling off. Fed Vice Chair Lael Brainard said policymakers will fight inflation “for as long as… Continue reading US stocks jump as signs of weaker growth and slower inflation offer hope for a less hawkish Fed
European energy ministers will discuss these 5 measures designed to fight the brewing energy crisis
The European Commission on Wednesday listed five measures that will be up for discussion at a meeting of energy ministers. Capping Russian gas prices and mandating reductions in electricity use at peak hours are on the list of measures. Energy costs are soaring for households and businesses in the wake of Russia’s war against Ukraine. … Continue reading European energy ministers will discuss these 5 measures designed to fight the brewing energy crisis
US stocks will overcome international headwinds and outperform their global peers going forward, top economist Mohamed El-Erian says
US stocks will take a hit from the economic crisis taking place in Asia and Europe, top economist Mohamed El-Erian warned. But it’s still likely to outperform its peers due to the resilience of the US economy and the US dollar. “The west is going to suffer quite a bit in the next 12 to… Continue reading US stocks will overcome international headwinds and outperform their global peers going forward, top economist Mohamed El-Erian says
Russia’s top banks have started lending out yuan and transferring China’s currency outside the SWIFT system
Russia’s top banks have deepened their ties to China’s currency and financial system. Moscow-based lender Sberbank said Tuesday it has started lending out money in yuan. VTB said it is the first Russian bank to launch money transfers to China via the yuan outside the SWIFT messaging network. Loading Something is loading. Russia’s top banks… Continue reading Russia’s top banks have started lending out yuan and transferring China’s currency outside the SWIFT system
Gas prices could be driven higher as European and Asian suppliers race to charter LNG tankers
European and Asian natural gas suppliers are racing to charter LNG tankers, which could push gas prices higher. It spells trouble for Europe in particular, which faces a potential shutoff from Russian gas. Chartering rates for tankers could jump 20% from last year to $400,000/day this winter, one broker told S&P Global. Loading Something is… Continue reading Gas prices could be driven higher as European and Asian suppliers race to charter LNG tankers
Here’s Everything Apple Announced at its iPhone Event
Tech launch season is officially in full force and Apple unveiled a slew of new devices at its Far Out event. In total we got eight devices: iPhone 14, iPhone 14 Plus, iPhone 14 Pro, iPhone 14 Pro Max, Apple Watch SE second-gen, Apple Watch Series 8, Apple Watch Ultra, and AirPods Pro second-gen. I’m… Continue reading Here’s Everything Apple Announced at its iPhone Event
New iPhone Launch: Everything You Need to Know
Apple’s wasting no time at its Far Out, Sept. 7 event, and has already introduced three Apple Watches and new AirPods. But now, we’re taking an in-depth look at the iPhone and specifically, the 6.1-inch iPhone 14 and the 6.7-inch iPhone 14 Plus. We’re also unpacking the iPhone 14 Pro and 14 Pro Max with the… Continue reading New iPhone Launch: Everything You Need to Know
AirPods Pro Just Got a Big Upgrade And They’re Still Just $249
The AirPods Pro are getting upgraded but that doesn’t mean your wallet is going to suffer. Find out all of the new changes that Apple has just announced. Jacob Krol/TheStreet We’re big fans of AirPods no doubt, specifically the Pro models. And Tim Cook just introduced the next-generation AirPods Pro. We’ll be covering what changes… Continue reading AirPods Pro Just Got a Big Upgrade And They’re Still Just $249
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