Markets

Russia moved closer to avoiding an historic debt default Tuesday after a clearinghouse processed its bond payments. The Russian Finance Ministry last week said it made $649 million of payments in dollars, having previously attempted to pay in rubles. The money being processed by at least one clearinghouse was a sign that the payments were… Continue reading Russia looks set to avoid default in dramatic style as a clearinghouse processes its dollar bond payments

Citi said one of its traders was behind a “flash crash” that sent Swedish stocks tumbling and knocked European shares. The bank said the trader made an error when inputting a transaction, and the mistake was quickly corrected. Nasdaq said it hasn’t seen any reason to cancel trades that were made during the event on… Continue reading Citi admits a trader error sparked a ‘flash crash’ that sent Swedish stocks plunging 8% and European shares tumbling

US futures rose on Tuesday along with bond yields as investors braced for the Fed’s latest decision. The US central bank is expected to raise interest rates by 50 basis points on Wednesday. Oil prices wavered as the European Union moved closer to banning imports of oil from Russia. Loading Something is loading. US stock… Continue reading US futures edge higher as the Fed prepares to hike rates, while 10-year Treasury yield smashes through 3%

The Nasdaq jumped more than 1.5% on Monday despite trending lower for most of the day as interest rates surged.The US 10-year Treasury yield hit 3.00% for the first time since 2018 as the Fed is set to raise interest rates by 50 basis points on Wednesday.First-quarter earnings results continue to roll-in, and 77% of… Continue reading US stocks reverse course to close higher even as 10-year Treasury hits 3% and Fed rate hike looms

Warren Buffett and Charlie Munger spoke during Berkshire Hathaway’s annual meeting on Saturday. The billionaire investors flagged widespread “gambling” on stocks, and slammed bitcoin as worthless. Buffett and Munger also discussed inflation, Robinhood, the pandemic, and the risks of speaking up. Loading Something is loading. Warren Buffett and Charlie Munger called out the feverish speculation… Continue reading Warren Buffett and Charlie Munger called out stock-market gamblers, dismissed bitcoin as worthless, and underlined the risks of inflation. Here are their 12 best quotes from Berkshire Hathaway’s annual meeting.

An EU embargo on Russian energy products puts Europe at risk of recession, Barclays said this week.  A deep recession sending GDP down 5 percentage points would occur if an embargo comes with gas rationing.  A widespread disruption to Russian gas flows is a credible risk that appears under-priced in the credit market.  Loading Something… Continue reading An embargo on Russian oil would trigger a recession in Europe and investors are underpricing disruptions to energy supplies, Barclays says

Energy stocks remain the best equity investment as commodity prices continue to rise, JPMorgan said.The bank sees rapid earnings growth and a multiple re-rating driving energy stocks higher.”Energy is the only sector that is seeing its quality, growth, and momentum scores improve simultaneously,” JPMorgan said. Loading Something is loading. Despite the massive gains in 2021… Continue reading Energy stocks are still underappreciated as the best equity investment right now amid soaring commodity prices and slowing supply, JPMorgan says

The US economy shrank in the first quarter, adding new weight to worries about a possible recession. Savita Subramanian of Bank of America shares how investors can take a more defensive approach. She says growth is slowing and profit margin pressures are rising, but consumer spending is strong. Fears of a recession have been simmering… Continue reading Recession risks are rising and investors need to play defense, according to Bank of America. Here’s how they should set their portfolios.