US stocks fell Wednesday to mark a fourth consecutive session of declines. Cleveland Fed President Loretta Mester says policy makers should raise rates beyond 4% and deliver no rate cuts in 2023. Wall Street’s major indexes closed August in the red. Loading Something is loading. US stocks fell Wednesday, locking in losses for the month… Continue reading US stocks extend losses to 4th straight session as summer rally fizzles to end the month
China’s oil imports have surged from an area known for offshore ship-to-ship crude mixing meant to hide its origin
China’s imports of Malaysian crude oil have soared to nearly 800,000 barrels per day, according to data compiled by Bloomberg. That’s more oil than what Malaysia actually produces on its own, suggesting some crude arrived from other sources. The waters off Malaysia are known for ship-to-ship transfers that mix crude to hide its origin. Loading… Continue reading China’s oil imports have surged from an area known for offshore ship-to-ship crude mixing meant to hide its origin
The stock market is in for another bottom by year-end as investors are too focused on the Fed and too optimistic about earnings, Morgan Stanley’s investment chief says
The market is in for another bottom before the end of the year, Morgan Stanley’s Mike Wilson said. Wilson thinks markets are too focused on the Fed and are not adequately pricing in earnings risk. He sees the S&P 500 falling as much as 25% in there’s a recession, or 15% if the Fed pulls… Continue reading The stock market is in for another bottom by year-end as investors are too focused on the Fed and too optimistic about earnings, Morgan Stanley’s investment chief says
The Best Outdoor Patio Furniture of 2022
If you grew up in the ‘80s or ‘90s you probably remember your backyard furniture being a cheap wood picnic table or maybe a rusty wrought iron set with an umbrella that would need to be replaced every year. Just as Gen X and millennials have, backyard furniture has grown up. Today, a nice backyard… Continue reading The Best Outdoor Patio Furniture of 2022
Banks Are Still Digging Into Consumers’ Pockets
Withering under sharp inflation and increasing corporate layoffs, U.S. adults aren’t catching any breaks on banking fees – even after financial institutions promised to cut customers some slack on administrative charges. It was only two months ago that a major study from Pew Trusts stated that banks were following through on promises to curb fees.… Continue reading Banks Are Still Digging Into Consumers’ Pockets
Housing Market Downturn Continues: Goldman Sachs
The surge in mortgage rates and home prices earlier this year has hammered the housing market, pushing building, sales, and prices down. While optimists in the industry are looking for a rebound, Goldman Sachs economists beg to differ. “Early this year, we argued that extremely limited available supply in the housing market would dampen the… Continue reading Housing Market Downturn Continues: Goldman Sachs
Is the student who made $110 million off a meme stock a lucky gambler or conviction investor?
Twenty-year-old Jake Freeman bet US$27 million in Bed Bath & Beyond Inc. and sold his stake just weeks later Author of the article: Financial Times Patrick Jenkins Shopping carts stand lined up in front of a Bed Bath & Beyond Inc. store in Fort Lauderdale, Florida. Photo by Luke Sharrett/Bloomberg files When news emerged recently… Continue reading Is the student who made $110 million off a meme stock a lucky gambler or conviction investor?
Noah Solomon: Market uncertainty leads to investor passivity at the wrong times
Refusing to change your portfolio in response to changing conditions has been one of the costliest mistakes in investing Traders work on the floor of the New York Stock Exchange during afternoon trading in New York City. Photo by Michael M. Santiago/Getty Images files One of my favourite quotes is attributable to the late, great… Continue reading Noah Solomon: Market uncertainty leads to investor passivity at the wrong times
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