After months of surging inflation, the S&P 500 finally broke down into bear-market territory, ending a two-year-plus COVID recovery bull run. The catalyst, of course, was Friday’s surprising revelation that consumer prices soared by 8.6% in March – a report so toxic that Wall Street was still digesting it today. “The hot inflation report provided… Continue reading Stock Market Today: S&P Finally Dragged Into a Bear Market | Kiplinger
The 12 Best ETFs to Battle a Bear Market | Kiplinger
Investors who are fearful that 2022’s market downturn is about to get a lot worse can find plenty of protection among exchange-traded funds (ETFs). Individual stocks can carry a lot of risk; on the other hand, mutual funds don’t have quite the breadth of tactical options. But if you browse through some of the best… Continue reading The 12 Best ETFs to Battle a Bear Market | Kiplinger
China and India now account for about 50% of Russia’s seaborne oil exports, as Asian demand props up Moscow’s energy revenues
Russia is shipping half of its seaborne crude oil to Asia — mainly China and India, per Bloomberg. In May, Russia overtook Saudi Arabia to become India’s second-largest supplier of oil. Indian refiners imported three times more barrels from Russia in May than in April. Loading Something is loading. Half of the Russian oil transported… Continue reading China and India now account for about 50% of Russia’s seaborne oil exports, as Asian demand props up Moscow’s energy revenues
The latest sell-off in stocks doesn’t mark the beginning of a bear market cycle as the US is poised to avoid a recession, JPMorgan’s quant guru says
The sell-off in the stock market should be short lived as the US economy avoids a recession, according to JPMorgan’s Marko Kolanovic.Strength in the consumer, policy stimulus in China, and an ongoing recovery from COVID should power the economy forward, Kolanovic said.”Our positive view is driven by the fact that the year-to-date move in markets… Continue reading The latest sell-off in stocks doesn’t mark the beginning of a bear market cycle as the US is poised to avoid a recession, JPMorgan’s quant guru says
Binance is facing a fresh lawsuit over misrepresentations of failed stablecoin TerraUSD on the platform
Binance is facing a new lawsuit over an alleged misrepresentation of the stablecoin TerraUSD, Bloomberg reports. The investor, Jeffrey Lockhart, claims Binance failed to clarify that TerraUSD was a security. Binance says the lawsuit is baseless and that the exchange abides by the necessary regulations. Loading Something is loading. Binance is facing a new lawsuit… Continue reading Binance is facing a fresh lawsuit over misrepresentations of failed stablecoin TerraUSD on the platform
S&P 500 closes in bear market territory as investors digest inflation data and brace for larger rate hike
The S&P 500 closed in bear market territory Monday, and the index touched its lowest point of 2022. Crypto also entered free fall Monday, and bitcoin shed as much as 15%. BlackRock analysts say it’s not time to buy the dip yet, as Fed tightening and inflation present risks. Loading Something is loading. The S&P… Continue reading S&P 500 closes in bear market territory as investors digest inflation data and brace for larger rate hike
The Fed will hike rates by 75 basis points this week and that should push the US dollar to record highs, Jefferies says
The Federal Reserve this week will deliver its largest rate hike in 28 years to tackle scorching inflation, a move that should push the US dollar to a fresh high against its major currency rivals, Jefferies said Monday. Loading Something is loading. The Federal Reserve will raise interest rates by 75 basis points this Wednesday,… Continue reading The Fed will hike rates by 75 basis points this week and that should push the US dollar to record highs, Jefferies says
Score this Waterproof JBL Speaker for 30% off on Amazon
For a limited time, you can save on this jam-packed speaker that is perfect for summer. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. The sun’s out, school is out, and there’s no better time to celebrate the… Continue reading Score this Waterproof JBL Speaker for 30% off on Amazon
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