The European Union’s sanctions on Russian oil shipments will take effect on Monday. EU officials have agreed to set a price cap on Russian oil at $60 a barrel. The US has said ships loaded with Russian oil before December 5 and unloaded at destinations before January 19 won’t be subject to the price cap.… Continue reading EU sanctions on Russian oil take effect on Monday – here’s what to expect and why the price cap may not yield any real results
The jobs report was likely distorted and there’s plenty of room for the Fed to taper rate rate hikes and pause in the first quarter of 2023, JPMorgan Asset Management chief strategist says
November’s strong jobs report was likely distorted, and the Fed still has room to slow and eventually pause rate hikes. JPMorgan Asset Management’s David Kelly pointed to possible exaggerations in the Friday’s report. “I think beneath the surface there is more weakness here,” Kelly said in an interview with CNBC. Loading Something is loading. Thanks… Continue reading The jobs report was likely distorted and there’s plenty of room for the Fed to taper rate rate hikes and pause in the first quarter of 2023, JPMorgan Asset Management chief strategist says
Both bulls and bears should brace for US stock market frustration next year – but not a recession-fueled crash, former BlackRock equity chief says
Investors should be ready for a hard-to-read stock market in 2023, Crossmark’s Bob Doll said. “It’s going to frustrate both the bulls and the bears,” the ex-BlackRock stock chief said. Doll said there could be a recession next year – but said investors can still “pick their spots”. Loading Something is loading. Thanks for signing up!… Continue reading Both bulls and bears should brace for US stock market frustration next year – but not a recession-fueled crash, former BlackRock equity chief says
US stocks close mixed as investors nervously await November jobs report
Carla Mozée Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images US stocks ended mixed Thursday, marking a pullback from gains during the session. The Fed’s preferred inflation gauge rose by less than expected in October, by 0.2%. But weekly jobless claims fell, with the data arriving a day before… Continue reading US stocks close mixed as investors nervously await November jobs report
Bitcoin jumps to a 2-week high of $17,000, but crypto experts say don’t cheer the rally as FTX contagion is far from contained
Bitcoin hit $17,000 on Wednesday, trading at a two-week high. An analyst breaks down why he expects continued headwinds across the board for asset prices. Industry experts told Insider their crypto market outlook post-FTX collapse. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the… Continue reading Bitcoin jumps to a 2-week high of $17,000, but crypto experts say don’t cheer the rally as FTX contagion is far from contained
Nasdaq soars 4% after Jerome Powell indicates the Fed is on track to slow rate hikes in December
Matthew Fox Spencer Platt/Getty Images US stocks soared on Wednesday after Fed Chairman Jerome Powell said slower interest rate hikes are likely.Powell all but confirmed a 50 basis-point rate hike in December, dialing back from the four consecutive 75 basis-point hikes. “It is entirely possible the December hike of 50 basis points could be the last… Continue reading Nasdaq soars 4% after Jerome Powell indicates the Fed is on track to slow rate hikes in December
Binance hires the accounting firm that disavowed Donald Trump’s financials to verify its crypto reserves
Binance is enlisting accounting firm Mazars to verify its cryptocurrency reserves. Mazars’ US unit previously worked for former President Donald Trump and his company. Earlier this year, Mazars USA said it no longer stands by 10 years of financial statements for Trump. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Binance hires the accounting firm that disavowed Donald Trump’s financials to verify its crypto reserves
Markets should brace for a period of central bank-induced turmoil before the Fed dials back on rate hikes, and stocks could soon retest recent lows, JPMorgan says
Stocks could be in for another bout of volatility before the Fed pivots from aggressive rate hikes, JPMorgan warned. That’s because the Fed and other central banks could inject more volatility before backing down from raising rates. Stocks could retest recent lows in the first quarter of 2023, strategists predicted. Loading Something is loading. Thanks… Continue reading Markets should brace for a period of central bank-induced turmoil before the Fed dials back on rate hikes, and stocks could soon retest recent lows, JPMorgan says
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