Wall Street is underestimating further Federal Reserve rate hikes, according to Bill Dudley. The former New York Fed chief told Bloomberg TV that he thinks the terminal rate is about 4%. If stocks rally another 5% to 10%, “I would view that as sort of undermining what the Federal Reserve is trying to accomplish,” he… Continue reading Stock market upside is ‘very much capped’ as the Federal Reserve looks to raise rates more than expected, says former New York Fed president
European power prices eye fresh record highs as Russia keeps natural gas supplies tight
European power prices could hit new highs next month as Russia’s pullback of natural gas supplies rattles the continent’s electricity market. German power for August delivery was changing hands at 385 euros, a 23% jump in the daily average for the month of July. Russia’s state-run Gazprom scaled back flows to 20% of the Nord… Continue reading European power prices eye fresh record highs as Russia keeps natural gas supplies tight
The States With the Most Expensive Health Insurance
Healthcare costs are eating away the finances of Americans, and it’s likely to get worse. Healthcare costs are eating away the finances of Americans, and it’s likely to get worse. Enrollment in the federal health insurance marketplace reached a record high this year. The increase was likely due to increased premium tax credits for the… Continue reading The States With the Most Expensive Health Insurance
Stock Market Today: Big Tech Boosts Stocks to Best Month Since 2020 | Kiplinger
Stock Market Today Positive earnings reactions for Amazon.com (AMZN) and Apple (AAPL) lifted the broader market today.Stocks kept on rising Friday, as Amazon.com (AMZN) and Apple (AAPL) closed out a busy week of Big Tech earnings in fine fashion. Amazon stock soared 10.4% after the e-commerce company reported a second-quarter top-line beat due in part… Continue reading Stock Market Today: Big Tech Boosts Stocks to Best Month Since 2020 | Kiplinger
How Senate Breakthrough on Climate Could Benefit ESG Investors | Kiplinger
ESG Portions of the Inflation Reduction Act of 2022 have the promise of more revenue and tax credits for companies making products that help fight climate change.“Gobsmacked” best describes the mood among congressional Democrats and environmental advocates yesterday. After months of difficult negotiations with Sen. Joe Manchin (D.-W.Va), a small group of senators secured his… Continue reading How Senate Breakthrough on Climate Could Benefit ESG Investors | Kiplinger
Vanguard Global ESG Select Stock Profits from ESG Leaders | Kiplinger
mutual funds Vanguard Global ESG Select Stock (VEIGX) favors firms with high standards for their businesses.It was a bit late to the party, but Vanguard Global ESG Select Stock (VEIGX) is having a blast so far. The fund launched in 2019—well into the ESG investing trend, which places as much value on environmental, social and… Continue reading Vanguard Global ESG Select Stock Profits from ESG Leaders | Kiplinger
Russia’s oil exports to China via ‘dark’ ship-to-ship transfers have surged as trading secrecy grows
The amount of Russian oil involved in “dark” ship-to-ship transfers has surged, according to Vortexa. Russian ships are increasingly turning off their trackers and offloading their crude onto China-bound vessels, it said. Sanctions on Russia over the Ukraine war have led to higher levels of secrecy in global oil markets, analysts say. Loading Something is… Continue reading Russia’s oil exports to China via ‘dark’ ship-to-ship transfers have surged as trading secrecy grows
US stocks cap best month since 2020 as Amazon and Apple soar on earnings
US stocks finished Friday’s session higher as investors cheered quarterly results from Apple and Amazon. Major indexes in July notched their best monthly gains since late 2020. The closely watched PCE inflation gauge rose by a more-than-expected rate of 0.6%. Loading Something is loading. US stocks closed higher Friday, with earnings beats by Amazon and… Continue reading US stocks cap best month since 2020 as Amazon and Apple soar on earnings
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