A price cap on Russian crude is set to begin December 5, with the aim of limiting Moscow’s revenue while keeping supplies flowing. But it could a have minimal effect on its intended target and instead help China and India. Oil historian Gregory Brew and Energy Aspects analyst Livia Gallarati explain what it means for… Continue reading Here’s how a Russian oil price cap could flop – and instead benefit China and India
Oil prices edge higher despite the West’s Russian price cap talks and more Chinese lockdowns
Oil benchmarks crept higher Friday, with Brent crude at $86.68 a barrel and WTI at $79.76. Discussions about western countries capping Russian crude at between $65 and $70 a barrel continue. China reported a record number of COVID-19 infections on Friday, sparking fears of slowing demand. Loading Something is loading. Thanks for signing up! Access… Continue reading Oil prices edge higher despite the West’s Russian price cap talks and more Chinese lockdowns
US stocks will slump, inflation will cool, and a recession will hit as a global downturn takes hold, top UBS strategist says
US stocks could rally in the short term but haven’t bottomed yet, Bhanu Baweja said. The top UBS strategist sees underlying inflation cooling, and the US economy suffering a recession. Earnings pressure, higher bond yields, and a global downturn will likely weigh on stocks, he said. Loading Something is loading. Thanks for signing up! Access… Continue reading US stocks will slump, inflation will cool, and a recession will hit as a global downturn takes hold, top UBS strategist says
31 stocks that mutual funds are heavily betting on, driving their best-performing year since 2007 according to Goldman Sachs
Mutual funds are set to have their best year of outperformance relative to benchmarks since 2007. An actively managed fund proved beneficial during a year of economic uncertainty. Fears of a recession caused funds to rotate to stocks with strong balance sheets. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading 31 stocks that mutual funds are heavily betting on, driving their best-performing year since 2007 according to Goldman Sachs
Brace for ‘violent’ shocks that may reshape the global economy forever, warns top economist Mohamed El-Erian
The global economy is headed for a severe recession, Mohamed El-Erian has warned. The economist expects “more uncertainty in the future as shocks grow more frequent and more violent”. The recession will be drawn-out rather than “short and shallow”, he added. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Brace for ‘violent’ shocks that may reshape the global economy forever, warns top economist Mohamed El-Erian
FTX’s collapse shows regulation is needed ‘before the next crypto catastrophe takes down our economy,’ Elizabeth Warren warns
FTX’s bankruptcy shows the need for crypto regulation, Elizabeth Warren warned Tuesday. “FTX’s implosion should be a wake-up call. Regulators must enforce the law before more people get cheated,” she said. Warren criticized crypto’s usage in money laundering and its high environmental cost. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading FTX’s collapse shows regulation is needed ‘before the next crypto catastrophe takes down our economy,’ Elizabeth Warren warns
Morningstar: Buy these 14 cheap stocks that still have room to rally in a bear market
Contrary to intutition, bear market rallies may make it tougher for investors to do their jobs. It’s hard to determine which stocks are overvalued and which still have room to rise. Morningstar shared 14 stocks that are still cheap, despite beating the market. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Morningstar: Buy these 14 cheap stocks that still have room to rally in a bear market
US stocks rise after Fed minutes show most policy makers are in favor of easing up on rate hikes
US stocks rose Wednesday following the release of minutes from the Fed’s meeting in November. Most policymakers consider it appropriate to ease back the size of rate hikes, the minutes said. Trading will be closed Thursday for the Thanksgiving Day holiday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading US stocks rise after Fed minutes show most policy makers are in favor of easing up on rate hikes
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