Russia faces deadline for more than $600 million in bond payments as default fears still loom

Russia faces a deadline for more than $600 million in bond payments that are due Monday.  That includes $552 million remaining on a 2022 bond repayment and a coupon payment of $84 million for a 2042 bond.  Last week, Russia avoided a default with a $447 million dollar-denominated payment that JPMorgan processed.  Loading Something is… Continue reading Russia faces deadline for more than $600 million in bond payments as default fears still loom

The bear market rally in stocks ‘is over’ and investors need to stay defensive as US manufacturing activity slows, Morgan Stanley says

The bear market rally in US stocks is done and the S&P 500 is headed for rough waters, Morgan Stanley said.  The ISM’s March manufacturing report “does not bode well for the S&P 500.”  The Nasdaq Composite and the S&P 500 have significantly pared this year’s losses.  Loading Something is loading. Many US stocks have… Continue reading The bear market rally in stocks ‘is over’ and investors need to stay defensive as US manufacturing activity slows, Morgan Stanley says

Twitter’s stock pop on Musk’s big investment is an overreaction from people who think a sale could be possible, Bernstein says

After Elon Musk disclosed a 9% stake in Twitter, shares of the social media company rallied 25%.  Bernstein analysts, however, say the price spike is an overreaction to speculation that Twitter could be sold. “We believe the fundamentals and challenges with Twitter remain broadly the same,” they wrote. Loading Something is loading. Twitter stock’s price… Continue reading Twitter’s stock pop on Musk’s big investment is an overreaction from people who think a sale could be possible, Bernstein says

The UK says it’s ready to regulate stablecoins for payments — and cryptocurrencies like bitcoin are next on its list

The UK will legislate to bring certain stablecoins into its payments system, the Economic Secretary to the Treasury said Monday. John Glen announced the government will legislate stablecoins and enable stablecoin issuers and users to operate in the UK. He said the UK would look at regulating crypto like bitcoin as it aimed to set… Continue reading The UK says it’s ready to regulate stablecoins for payments — and cryptocurrencies like bitcoin are next on its list

There’s a 90% probability that the stock market has already bottomed in 2022, according to Fundstrat’s Tom Lee

There’s a roughly 90% chance that the stock market has already bottomed in 2022, according to Fundstrat’s Tom Lee.Lee thinks as long as the economy avoids a recession, the S&P 500 could surge to 5,100 in 2022. “This recovery in equities to close above [the] 200-day moving average generates quite a lot of positive signal,” Lee… Continue reading There’s a 90% probability that the stock market has already bottomed in 2022, according to Fundstrat’s Tom Lee

MORGAN STANLEY: Investors should buy these 10 stocks now because they’re uniquely protected from the rising wage pressures that will erode the profits of their rivals

US Markets Loading… H M S Premium Morgan Stanley can help investors searching for stocks that will maintain margins even as wage pressure rises. Leon Neal/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Morgan Stanley says labor markets could stay tight for years, continually pushing wages… Continue reading MORGAN STANLEY: Investors should buy these 10 stocks now because they’re uniquely protected from the rising wage pressures that will erode the profits of their rivals

Morgan Stanley says investors seem to believe the Fed can engineer a ‘soft landing’ for the economy – but here are 3 reasons for doubt

Investors seem to be confident the Federal Reserve can engineer a “soft landing”, Morgan Stanley’s Lisa Shalett said. But there are 3 reasons to doubt its rate hikes will tame inflation without sparking a recession, the CIO said. These are overvalued US stocks, the shrinking Fed balance sheet, and misplaced faith in the Fed “put”.… Continue reading Morgan Stanley says investors seem to believe the Fed can engineer a ‘soft landing’ for the economy – but here are 3 reasons for doubt

Meme stock C-suite execs like Ryan Cohen are trapped and have to play along with the psychological trick that drove this week’s comeback, an investing expert says

GameStop and AMC executives are going along with the meme stock game, risk expert Richard Smith said. “They’re trapped, and they have to play the game because that’s what they’re actually getting paid to do,” he told Insider. The meme stock comeback was partly driven by a psychological trick called the “anchoring bias”, he said.… Continue reading Meme stock C-suite execs like Ryan Cohen are trapped and have to play along with the psychological trick that drove this week’s comeback, an investing expert says