Global stocks edged higher Monday but oil prices slipped as investors mulled the economy and earnings. US futures slipped after the S&P 500 had its best month November on signs that the Fed may pause rate hikes. Investors will be keeping a close eye on economic data and upcoming company earnings for hints on the… Continue reading Global stocks edge higher but oil prices fall as investors mull the economy and await earnings
The US is drawing up sanctions against companies that smuggle Iranian oil, according to a report
The US government wants to crack down on Iranian oil smugglers, according to the Wall Street Journal. Iranian oil reportedly trades at a $10 a barrel discount to Brent crude, which has seen its price soar since Russia invaded Ukraine. Nuclear deal talks between the two countries stalled earlier this year. Loading Something is loading.… Continue reading The US is drawing up sanctions against companies that smuggle Iranian oil, according to a report
FOR-U Smart Freight Shortlisted in Fortune’s Latest List of the Most Socially Impactful Companies in China
, /PRNewswire/ — FOR-U Smart Freight was included in the July 28 release of Fortune’s list of the Most Socially Impactful Companies in China in 2022 for its high growth, its innovation and its leading role in integrating the latest advancements in digital technologies into the world of road transportation. FOR-U is the only technology logistics company… Continue reading FOR-U Smart Freight Shortlisted in Fortune’s Latest List of the Most Socially Impactful Companies in China
The stock market could surge 18% to new highs by year-end as the 2022 bear market is over, Fundstrat says
New highs in the stock market could arrive a lot sooner than investors expect, according to Fundstrat’s Tom Lee.He said the S&P 500 could hit new highs before year-end as the 2022 bear market is over.”When bad news doesn’t take down markets, it is time for investors to assess,” Lee said. Loading Something is loading.… Continue reading The stock market could surge 18% to new highs by year-end as the 2022 bear market is over, Fundstrat says
Oil prices will stay high as production constraints will keep supplies tight, top CEOs say
Oil prices will continue to stay high as production constraints look to keep crude supplies tight, according to the world’s top energy giants. “There is more upside than downside when it comes to the oil price,” Shell’s CEO said. “Clearly, to lower prices, the industry needs to increase investment and catch up to recovering demand.… Continue reading Oil prices will stay high as production constraints will keep supplies tight, top CEOs say
European energy companies are raking in record profits – as sky-high bills squeeze their customers’ wallets
Energy providers Centrica and Shell both just booked record profits as fuel costs rise. Europe is experiencing a gas crisis, with one key benchmark doubling in two months. British households’ energy bills could have tripled by the end of the year, according to the consultancy firm BFY. Loading Something is loading. Soaring gas prices are… Continue reading European energy companies are raking in record profits – as sky-high bills squeeze their customers’ wallets
The dollar could crash from 20-year highs if the Fed pauses rate hikes in a weak economy, says top economist
In 2022, the dollar has jumped more than 10% against other major currencies, strengthening to levels not seen since 2002. But a shift by the Fed away from its aggressive rate-hike campaign would send the dollar lower, economist Barry Eichengreen said. The idea that inflation will remain in the high single digits and the Fed… Continue reading The dollar could crash from 20-year highs if the Fed pauses rate hikes in a weak economy, says top economist
Oil markets haven’t yet priced in the rising risk of recession, which could lead to major declines if one transpires, JPMorgan says
The oil market has yet to price in a worldwide recession taking hold, JPMorgan said this week. But the risk of a recession is rising, it said in a week that saw a contraction in second-quarter US GDP. Oil prices tend to drop 30% to 40% in all recessions, the bank said. Loading Something is… Continue reading Oil markets haven’t yet priced in the rising risk of recession, which could lead to major declines if one transpires, JPMorgan says
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