The European Union’s upcoming ban on Russian oil supersedes a price cap, Energy Aspects analyst Amrita Sen. That means the EU still will not buy Russian crude regardless of the price cap, she told Bloomberg TV. “No one else other than the G7 has accepted it yet, and we are not expecting that to change,”… Continue reading The EU still won’t buy Russian oil even with a price cap, Energy Aspects’ Amrita Sen says
Europe’s ban on Russian oil cargoes is just weeks away. Here’s what’s happening – and how it will bedevil Moscow’s exports elsewhere.
A forthcoming EU ban on Russian oil is likely to complicate the movement of Moscow’s exports. That’s because Russia will likely lean harder on Asia to sell its oil, meaning longer trade routes. Here’s what the EU embargo entails – and how it will impact Russian oil exports elsewhere. Loading Something is loading. Thanks for… Continue reading Europe’s ban on Russian oil cargoes is just weeks away. Here’s what’s happening – and how it will bedevil Moscow’s exports elsewhere.
Bernie Sanders calls out Warren Buffett for getting richer as rail workers fight for better working conditions
Sen. Bernie Sanders took aim at Warren Buffett over the working conditions of US rail employees. Buffett’s Berkshire Hathaway owns BNSF Railway, which made a record $6 billion profit last year. US rail workers are threatening to strike over a lack of paid sick leave and onerous scheduling. Loading Something is loading. Thanks for signing… Continue reading Bernie Sanders calls out Warren Buffett for getting richer as rail workers fight for better working conditions
The bear market in stocks will spill over into 2023 and it won’t be over until 3 things happen, Goldman Sachs says
The global bear market that hit stocks in 2022 may spill over into next year, according to Goldman Sachs.The bank said investors are about to enter the “hope” phase as attention turns to a slowdown in interest rate hikes.These are the three factors Goldman Sachs wants to see to believe that the bear market is… Continue reading The bear market in stocks will spill over into 2023 and it won’t be over until 3 things happen, Goldman Sachs says
Crypto firms are vowing to show proof of reserves after FTX’s collapse. But here’s what it really means and why it isn’t enough to restore confidence
The collapse of FTX has spurred other crypto firms to try to increase trust by promising more transparency. Binance and several other rivals have promoted proof of reserves as a solution. Experts aren’t so sure proof of reserves is enough to restore confidence in crypto exchanges. Loading Something is loading. Thanks for signing up! Access… Continue reading Crypto firms are vowing to show proof of reserves after FTX’s collapse. But here’s what it really means and why it isn’t enough to restore confidence
Short seller Jim Chanos blasts crypto, warns the S&P 500 may plunge 55%, and predicts Tesla’s growth will slow in a new interview. Here are the 10 best quotes.
Jim Chanos tore into crypto after Sam Bankman-Fried’s FTX exchange imploded. The short seller compared the crypto crash to the dot-com bubble bursting. Chanos expects the S&P 500 to plunge, Tesla’s growth to slow, and Twitter to distract Elon Musk. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Short seller Jim Chanos blasts crypto, warns the S&P 500 may plunge 55%, and predicts Tesla’s growth will slow in a new interview. Here are the 10 best quotes.
Falling house prices will help the Fed tame inflation – but they also increase the risk of a prolonged economic downturn
US home sales are extending declines as Federal Reserve tightening boosts mortgage rates. That has helped tame inflation, which is now retreating from four-decade highs. But a housing market slowdown also increases the risk of a recession. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading Falling house prices will help the Fed tame inflation – but they also increase the risk of a prolonged economic downturn
Cathie Wood breaks down FTX, Elon Musk, and Twitter in a new interview. Here are her 9 best quotes.
Cathie Wood spoke to Bloomberg on Tuesday in a wide-ranging conversation on crypto, FTX, Elon Musk, and investing. She compared Sam Bankman-Fried’s FTX to Bernie Madoff’s Ponzi scheme, and shared her thoughts on Elon Musk, Twitter, and Tesla. Here are Wood’s nine best quotes from the interview. Loading Something is loading. Thanks for signing up!… Continue reading Cathie Wood breaks down FTX, Elon Musk, and Twitter in a new interview. Here are her 9 best quotes.
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