Hungary says an EU ban on Russian oil would be a ‘nuclear bomb’ for its economy, as it derails embargo plans

Prime Minister Viktor Orban has said the EU Russian oil ban would be a “nuclear bomb” for Hungary’s economy. The central European country has emerged as a key obstacle to the EU’s plan to completely stop Russian oil imports. Hungary is heavily reliant on Russian oil and gets it mainly via pipelines, which would be… Continue reading Hungary says an EU ban on Russian oil would be a ‘nuclear bomb’ for its economy, as it derails embargo plans

This chart explains why Moscow could turn to China to ramp up oil imports after an EU embargo

China’s capacity to store oil and history of buying discounted supplies could help Moscow offset an EU embargo. China has at least 83 million barrels of spare inventory capacity that could be filled with cheap Russian oil, said energy analyst Matt Smith. This chart from Kpler shows why Moscow could turn to China if the… Continue reading This chart explains why Moscow could turn to China to ramp up oil imports after an EU embargo

Why I’m still bullish on stocks: BMO’s Brian Belski

This advertisement has not loaded yet, but your article continues below. Watch BMO’s Brian Belski on what investors should do to weather the current market storm BMO Capital Markets Chief Investment Strategist Brian Belski. Photo by Bloomberg Article content It’s not easy being bullish these days, admits Brian Belski. The chief investment strategist for BMO… Continue reading Why I’m still bullish on stocks: BMO’s Brian Belski

Stock Market Today: Stocks Rally on Powell’s Rate Reassurance | Kiplinger

Stock Market Today The Fed announced a 50-basis-point interest-rate hike, as expected, and Powell’s suggestion that future hikes won’t be any more aggressive sent stocks flying.Stocks breathed a massive sigh of relief Wednesday afternoon after the Federal Reserve gave the markets exactly the rate hike they were betting on – and indicated that future hikes… Continue reading Stock Market Today: Stocks Rally on Powell’s Rate Reassurance | Kiplinger

Warren Buffett’s Inflation Plan: Buy, Buy, Buy | Kiplinger

Warren Buffett The Oracle of Omaha seized upon equity dips during a Q1 spending spree, but inflation also was a clear driver of several Buffett purchases.Rapidly rising prices are on the radar for virtually everyone in America – even the billionaire class. Indeed, Warren Buffett himself has his eyes on inflation. Buffett finally whipped out… Continue reading Warren Buffett’s Inflation Plan: Buy, Buy, Buy | Kiplinger