Markets

The September jobs report showed that inflation isn’t under control, Larry Summers says. He pointed to rising core inflation, which shows that price growth is still accelerating. “I think we are headed for a collision of some kind or other, and we’ve just got to manage that collision carefully,” he said. Loading Something is loading.… Continue reading The September jobs report shows inflation is not under control and the economy is ‘headed for a collision of some kind,’ former Treasury Secretary Larry Summers says

Bond vigilantes are back and could target heavily indebted Italy after running rampant in the UK, according to Ed Yardeni.  “It’s an interesting tug of war between the central banks and the bond vigilantes,” he told Insider in an interview. Meanwhile in the US, “mortgage bond vigilantes are clearly on the loose,” Yardeni added. Loading… Continue reading Bond vigilantes are back and ‘very much active’ in the US after blowing up UK markets, Ed Yardeni says

Stocks will likely fall further in anticipation of the Fed delivering another jumbo rate hike, analysts say.  Investors priced in a more hawkish outlook for rate hikes after the strong September jobs report.  The stock market “is simply going to be collateral damage” in the inflation fight, one analyst said.  Loading Something is loading. Thanks… Continue reading Markets need to abandon hope of the ‘Fed put’ after the September jobs report – and another jumbo rate hike is all but certain in November

US gas prices could keep rising after OPEC+ slashed output, but prices could fall in some states.  That’s because refinery issues in key states get resolved, and winter season dampens gas demand.  California is likely to see prices drop while the East Coast could see prices rise, Gas Buddy said.  Loading Something is loading. Thanks… Continue reading US gas prices will likely rise after the OPEC+ snub to Biden — but not for drivers in these 3 states, experts say

US Markets Loading… H M S Premium More market volatility may be ahead in October. ANGELA WEISS/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Stocks have given up most of their gains from the beginning of the month. October is historically the most volatile month for… Continue reading Goldman Sachs: These 40 stocks have the most upside right now as the early October market rally unwinds

Oil prices are “nowhere near” demand destruction levels, Morgan Stanley commodities chief Martijn Rats said. Rats pointed to three factors that would slash global oil supply and push prices upward. “From that perspective, there is room to rally again,” Rats said on oil prices. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Oil prices are nowhere near demand destruction levels, and 3 factors could keep pushing crude higher, says Morgan Stanley commodity chief

Kim Kardashian agreed to pay the SEC $1.3 million for promoting Ethereum Max this week. Other celebrities including Floyd Mayweather and Jake Paul have been hit with lawsuits from crypto investors.  The SEC’s ruling is a “stark celebrity warning,” one analyst said. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Kim Kardashian agreed to pay the SEC $1.3 million – a warning shot from the watchdog to crypto-promoting celebrities

Oil prices are “nowhere near” demand destruction levels, Morgan Stanley commodities chief Martijn Rats said. Rats pointed to three factors that would slash global oil supply and push prices upward. “From that perspective, there is room to rally again,” Rats said on oil prices. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Oil prices are nowhere near demand destruction levels and there are 3 factors that could keep pushing crude higher, Morgan Stanley’s chief commodities strategist says