Markets

In an interview with Insider, Kevin O’Leary explained his next move now that FTX, a company he invested in, filed for bankruptcy.  The “Shark Tank” investor said he’s moving his assets to Canada, and will no longer keep funds in unregulated exchanges.  He also broke down details of his phone call with FTX founder Sam… Continue reading Shark Tank’s Kevin O’Leary, an FTX spokesperson, explains his next move after the crypto collapse and how he tried to rescue Sam Bankman-Fried

The US Dollar Index dropped to a three-month low on Tuesday, dipping below 106.  The greenback was under pressure after US wholesale inflation cooled more than expected in October.  The Fed will likely slow rate hikes in December but a full-on Fed pivot remains elusive.  Loading Something is loading. Thanks for signing up! Access your… Continue reading The US dollar has fallen to a 3-month low after easing inflation in October dampened expectations for more big rate hikes

Russia is sending record amounts of crude oil to Asian countries.  Exports to China, India, Turkey, and unspecified locations rose to 2.39 million barrels a day, according to Bloomberg. Russia is racing to export crude ahead of the EU ban on Russian oil, which could slash Russia’s oil revenue. Loading Something is loading. Thanks for signing… Continue reading Russia is sending record volumes of oil to Asia as it scrambles to export more crude before EU sanctions take effect

Taiwan Semiconductor soared 14% on Tuesday after Warren Buffett’s Berkshire Hathaway revealed a stake.The Omaha-based conglomerate purchased a $4 billion stake in the company last quarter.The purchase comes amid heightened concerns that China might invade Taiwan. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading Taiwan Semiconductor soars 14% after Warren Buffett’s Berkshire Hathaway buys $4 billion stake

Europe’s ban on Russian oil will begin in December, and it could make an already-tight energy market worse.  Global crude prices are set to climb as demand isn’t going down, but supplies are dwindling.  Energy Aspects’ Livia Gallarati explained what comes next for the energy crisis and why oil prices could stay around $120 for… Continue reading Here’s why oil will hit $120 a barrel soon and stay high for the next 2 years

i’ The stock market can still rise in the face of high interest rates, according to BMO’s Brian Belski.Belski found that above average US 10-Year Treasury yields coincided with a near 10% average gain for stocks.”Our work shows that the S&P 500 has historically performed quite well in higher interest rate environments,” Belski said.High interest… Continue reading The stock market can thrive even in the face of rising interest rates, chief investment strategist says

The implosion of the FTX crypto exchange vaporized billions of dollars overnight.The disaster is being called crypto’s Lehman Brothers moment, but Lehman had more than $600 billion in real assets that were salvageable.FTX on the other hand has assets in illiquid cryptocurrencies that have little to no value. Loading Something is loading. Thanks for signing… Continue reading Billions of dollars seem to have disappeared with the collapse of FTX. How does that even happen?

Europe should brace for another spike in oil prices, Goldman Sachs’ global commodities chief Jeff Currie. He told CNBC that the EU oil ban, China’s emergence from lockdown, and other factors will cause Brent crude to hit $115 a barrel. And although Europe has built up natural gas inventories for this winter, there are still… Continue reading Europe isn’t out of the woods yet with the energy crisis, and oil will spike to $115 by early next year, Goldman Sachs’ global commodities chief says