Shipping giant Maersk warned ‘dark clouds’ threaten the global economy as container demand slows. The Ukraine war and high inflation are weighing on consumer purchasing power, its CEO said Wednesday. Maersk, a bellwether for global trade, expects a more volatile business environment ahead. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Shipping giant Maersk warns ‘dark clouds’ on the horizon threaten to slow down the global economy
Amazon just fell out of the trillion-dollar market cap club for the 1st time since 2020 – leaving just 4 stocks with 13-figure valuations
Amazon lost its trillion-dollar valuation for the first time in two years Tuesday as its stock fell again. The online retailer’s shares fell 5.5%, meaning its market capitalization slumped to $987 billion. Now only four companies are left in the trillion-dollar club: Apple, Microsoft, Alphabet and Aramco. Loading Something is loading. Thanks for signing up!… Continue reading Amazon just fell out of the trillion-dollar market cap club for the 1st time since 2020 – leaving just 4 stocks with 13-figure valuations
Warren Buffett’s Berkshire Hathaway has scored about a $13 billion gain on Chevron and Occidental – and now the 2 energy stocks rank among its biggest bets
Warren Buffett’s Berkshire Hathaway has scored a $13 billion gain on Chevron and Occidental stock. Berkshire’s energy bets cost it about $30 billion, and are now worth a combined $43 billion. Chevron stock has surged 52% this year, while Occidental shares have soared 134%. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Warren Buffett’s Berkshire Hathaway has scored about a $13 billion gain on Chevron and Occidental – and now the 2 energy stocks rank among its biggest bets
Jerome Powell’s favorite bond-market gauge is on the verge of inverting, a sign of impending recession. That could mean a Fed pivot within months.
Jerome Powell’s preferred bond-market gauge is on the verge of inverting. If that happens, it would signal an impending recession and a Fed pivot by the spring of 2024. The Fed chair touted the predictive power of the short end of the yield curve earlier this year. Loading Something is loading. Thanks for signing up!… Continue reading Jerome Powell’s favorite bond-market gauge is on the verge of inverting, a sign of impending recession. That could mean a Fed pivot within months.
Goldman Sachs lays out 3 reasons why the Fed won’t pivot, but will keep hiking into 2023
The Federal Reserve will carry on hiking interest rates after its February meeting, Goldman Sachs said. The US central bank is expected to hike by 75 basis points Thursday as it battles soaring prices. It will keep raising rates because of sticky inflation and to prepare for a potential pivot, Goldman said. Loading Something is… Continue reading Goldman Sachs lays out 3 reasons why the Fed won’t pivot, but will keep hiking into 2023
Legendary investor Jeremy Grantham warns the current market backdrop is among the worst he’s ever seen – and says holding cash is a good idea
Theron Mohamed GMO cofounder Jeremy Grantham. REUTERS/Nicholas Roberts Jeremy Grantham rang the alarm on the current market backdrop and said stocks are still overvalued. He said holding cash was a good idea, and confirmed he’s betting against the Nasdaq and junk bonds. Grantham was among 6 financial experts sharing their market outlooks with the Wall… Continue reading Legendary investor Jeremy Grantham warns the current market backdrop is among the worst he’s ever seen – and says holding cash is a good idea
The US economy is ‘dead in the water’ and inflation is squeezing consumers, Steve Forbes says
The US economy is “dead in the water” despite GDP growing in the third quarter, Steve Forbes said. He noted that “hard times are coming” given inflation is still high and a global energy crisis. “In terms of the 2.6% […] the economy is dead in the water,” Forbes told Fox Business. Loading Something is… Continue reading The US economy is ‘dead in the water’ and inflation is squeezing consumers, Steve Forbes says
Energy stocks could make up 30% of the S&P 500 by 2025, a massive increase from 2% in 2020 that will come at the expense of tech
Energy stocks are poised to take over the S&P 500 at the expense of the tech sector, according to Louis Navellier.The investment strategist expects the energy sector to represent 30% of the S&P 500 by 2025.That’s a marked increase from 2020, when energy made up just 2% of the popular investment index. Loading Something is… Continue reading Energy stocks could make up 30% of the S&P 500 by 2025, a massive increase from 2% in 2020 that will come at the expense of tech
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