Markets

The Federal Reserve will likely stick with raising rates by 75 basis points at its meeting this week. That’s according to David Rubenstein, who said it would be “shocking” for the Fed to go bigger.  The Fed will deliver its highly-anticipated September policy decision on Wednesday.  Loading Something is loading. The Federal Reserve is unlikely… Continue reading Billionaire Carlyle co-founder David Rubenstein says a Fed rate hike of 100 basis points would shock and depress the market and spook investors about inflation

The Federal Reserve is set to raise interest rates on Wednesday, but it’s unlikely to hike them by 100 basis points, CFRA said Monday.  Such a massive hike would “unnerve Wall Street” as it would imply policymakers are overreacting to the August inflation report.  Investors are pricing in a 20% probability of a rate move… Continue reading The Fed will likely refrain from a 100-basis-point rate hike this week to avoid unnerving already anxious markets, CFRA says

The UAE is pushing up a target date for increased crude oil output by five years, according to Bloomberg.  State-run producer ADNOC wants to produce 5 million barrels per day by 2025, up from a previously disclosed target of 2030.  The UAE could target 6 million bpd by 2030 if the 2025 goal is successful. … Continue reading The UAE is pushing to produce 5 million barrels per day of crude oil 5 years earlier than previously disclosed, report says

Take-Two Interactive stock tumbled 3% on Monday following a weekend leak of Grand Theft Auto 6 footage.A hacker released hours of early development footage of the highly anticipated open world game.Wall Street analysts are concerned that the hack could push back the game’s release date. Loading Something is loading. Shares of Take-Two Interactive Software tumbled… Continue reading Take-Two sinks after a hacker leaks hours of highly anticipated Grand Theft Auto 6 footage

Phil Rosen Traders work the floor of the New York Stock Exchange (NYSE) David Dee Delgado/Getty Images US stocks dropped Monday, continuing last week’s downturn which was the worst week since June.  Traders are shedding stocks in anticipation of another jumbo rate hike from the Federal Reserve this week.  The 10-year Treasury yield briefly hit… Continue reading US stocks continue sell-off as traders brace for more Fed rate hikes later this week

The UK’s financial regulator has warned Brits to be cautious when dealing with crypto exchange FTX. “This firm is not authorized by us and is targeting people in the UK,” the Financial Conduct Authority said. The FCA has previously clashed with Binance over efforts to enforce greater supervision. Loading Something is loading. The UK’s financial… Continue reading Financial watchdog warns UK crypto fans to be wary of dealing with Sam Bankman-Fried’s exchange FTX

Russia’s isolation from the west is a disaster for the long-term health of its economy, experts told Insider.  Trade isolation limits what Russia can import, making production more expensive. Russia’s situation will also greatly decrease its status as an energy superpower.  Loading Something is loading. Russia’s resilience in the face of sanctions surprised experts in… Continue reading Russia’s isolation from global markets is withering its economy and will wreck its status as an energy superpower, experts say

The effects of China’s economic slowdown are spreading globally and resulting in various winners and losers, BofA says. A weaker China, BofA said, helps lower US inflation via a strong dollar but could also spur supply snags. Meanwhile, some commodity exporters in Latin America are taking a hit from China’s slowdown.  Loading Something is loading.… Continue reading Here are the winners and losers of China’s economic slowdown as it ripples though global markets