Russia will deepen trade ties with China and other allies, Putin said in a televised speech on Thursday. That comes shortly after the EU banned seaborne energy imports and slapped a $60 price cap on Russian crude. Putin has called the price cap “stupid,” and previously threatened to retaliate against any country who participate. Loading… Continue reading Putin hits back at western sanctions on Russian oil by vowing to deepen trade ties with China and other allies
Stocks are set to fall further in 2023, and investors haven’t priced in a growth slowdown with inflation set to hammer corporate profits, Morgan Stanley CIO says
“The growth slowdown is not yet priced,” Morgan Stanley CIO Mike Wilson told CNBC on Thursday about the potentially rough ride lower for the S&P 500 next year. Wilson has been warning of a potential drop in the S&P 500 to 3,000 in the first half of 2023. Inflation has peaked and falling prices will… Continue reading Stocks are set to fall further in 2023, and investors haven’t priced in a growth slowdown with inflation set to hammer corporate profits, Morgan Stanley CIO says
Billionaire investor Bill Ackman says the Fed’s inflation target isn’t realistic anymore – and could result in a brutal recession
Bill Ackman warned the Fed that slowing inflation to its 2% target is no longer realistic. He raised the prospect of a “deep, job-destroying recession” if the Fed tries to hit its goal. The billionaire investor argued a 3% target would foster greater economic growth and employment. Loading Something is loading. Thanks for signing up!… Continue reading Billionaire investor Bill Ackman says the Fed’s inflation target isn’t realistic anymore – and could result in a brutal recession
A top FTX exec blew the whistle on Sam Bankman-Fried’s moves just 2 days before the crypto exchange’s collapse
An FTX exec told authorities about potential illegality at the crypto exchange 2 days before its bankruptcy. Ryan Salame said customer funds were being used to cover losses at trading firm Alameda, a filing showed. Former FTX CEO Sam Bankman-Fried was arrested by Bahamian authorities Monday to face fraud charges. Loading Something is loading. Thanks… Continue reading A top FTX exec blew the whistle on Sam Bankman-Fried’s moves just 2 days before the crypto exchange’s collapse
Elon Musk just cashed in another $3.6 billion of Tesla stock as he wrestles with mounting interest payments at Twitter and a looming recession
Elon Musk has sold about $3.6 billion of Tesla stock this week, SEC filings show. The Tesla, SpaceX, and Twitter CEO sold around 22 million shares in three days. Musk is dealing with mounting interest payments at Twitter, and a gloomy economic outlook. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Elon Musk just cashed in another $3.6 billion of Tesla stock as he wrestles with mounting interest payments at Twitter and a looming recession
US stocks rise but pare most gains after inflation cools in November and investors brace for final Fed decision of 2022
US stocks ended Tuesday’s session with a win but came off session highs. Stocks initially surged after November CPI cooled to 7.1%, the lowest rate in nearly a year. The Fed is likely to deliver its 7th rate increase at its final meeting of 2022 on Wednesday. Loading Something is loading. Thanks for signing up!… Continue reading US stocks rise but pare most gains after inflation cools in November and investors brace for final Fed decision of 2022
Billionaire David Rubenstein says a recession is coming, tech valuations are set to fall further, and the Fed is going to have to get unemployment to 6% to get inflation down
In a new interview with LinkedIn, Billionaire David Rubenstein weighed in on the biggest market risks, adding that a recession is likely near. The Carlyle Group cofounder says “until we get unemployment to about 6%, we’re not likely to get inflation down appreciably.” Rubenstein also said tech valuations are set to fall further. Loading Something… Continue reading Billionaire David Rubenstein says a recession is coming, tech valuations are set to fall further, and the Fed is going to have to get unemployment to 6% to get inflation down
Recession fears have crushed risk appetite for stocks in December, but easing inflation brightens the outlook on consumer sectors, S&P says
Risk appetite for US stocks among institutional investors plunged in December, S&P Global Market Intelligence said Tuesday. The firm’s Risk Appetite Index veered to negative 13% from neutral in November. The macro environment is a key concern with nearly one-in-eight investors anticipating a deep recession in 2023. Loading Something is loading. Thanks for signing up!… Continue reading Recession fears have crushed risk appetite for stocks in December, but easing inflation brightens the outlook on consumer sectors, S&P says
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