The Japanese yen rose over 3% against the US dollar Tuesday after the Bank of Japan surprised markets. The central bank lifted its cap on 10-year bond yields, allowing long-term interest rates to rise more. That could radically change the 2023 outlook for the underperforming yen, a strategist said. Loading Something is loading. Thanks for… Continue reading The yen surges against the dollar after the Bank of Japan sets the stage for ending its era of ultracheap borrowing
19 of the best stocks to own in 2023 that are set to produce returns for the next 20 years as consumer favorites, according to Morningstar
US Markets Loading… H M S Premium ATU Images/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Goldman Sachs predicts that stocks will flatline next year due to zero earnings growth. One way to ride out a potential recession is to play it safe with defensive stocks. … Continue reading 19 of the best stocks to own in 2023 that are set to produce returns for the next 20 years as consumer favorites, according to Morningstar
Russia’s deep oil discounts drove revenue down $700 million last month even as its exports jumped, the IEA says
Russia’s revenue from oil exports fell by $700 million in November, according to the IEA. Deep discounts and falling crude prices drove down revenue despite a jump in exports, it said. A G7 price cap on Russian crude will slash output and pressure global prices upward next year, the agency added. Loading Something is loading.… Continue reading Russia’s deep oil discounts drove revenue down $700 million last month even as its exports jumped, the IEA says
Economists like Nouriel Roubini are starting to fret about a US debt crisis as interest rates rise – here’s why it’s the latest issue rattling markets
Economists are starting to worry about the sustainability of high levels of debt as global interest rates rise sharply. A credit crunch could fuel “the mother of all economic crises,” Nouriel Roubini warned last week. Some experts have compared the current situation to the structural issues that triggered the 2008 financial crash. Loading Something is… Continue reading Economists like Nouriel Roubini are starting to fret about a US debt crisis as interest rates rise – here’s why it’s the latest issue rattling markets
S&P 500 sees 5th straight decline as recession fears weigh on US stocks
Carla Mozée Traders work on the New York Stock Exchange floor in New York City. AP Photo/Ted Shaffrey The S&P 500 notched its fifth consecutive losing session, and the Nasdaq Composite marked a fourth straight loss. Major banks are sounding the alarm on recession worries and potentially sharp losses in 2023. A slump in Chinese… Continue reading S&P 500 sees 5th straight decline as recession fears weigh on US stocks
Crypto exchange Coinbase says Apple has shut down the ability for users to send NFTs because it can’t collect the 30% in-app fee
Coinbase said it has disabled NFT transfers for its mobile wallet on Thursday. Apple wants 30% of all NFT gas fees to be paid through their In-App Purchase system, the crypto exchange said. “For anyone who understands how NFTs and blockchains work, this is clearly not possible,” Coinbase said. Loading Something is loading. Thanks for… Continue reading Crypto exchange Coinbase says Apple has shut down the ability for users to send NFTs because it can’t collect the 30% in-app fee
Oil prices are headed to $110 a barrel in 2023, and the outlook for crude is ‘very positive’ despite China demand concerns and global recession fears, Goldman Sachs says
Goldman Sachs expects crude oil to hit $110 per barrel next year, representing upside of more than 30%. The investment bank’s commodities chief said the outlook for oil in 2023 is “very positive.” But in an interview with CNBC, he also acknowledged that there’s “a lot of uncertainty” ahead. Loading Something is loading. Thanks for… Continue reading Oil prices are headed to $110 a barrel in 2023, and the outlook for crude is ‘very positive’ despite China demand concerns and global recession fears, Goldman Sachs says
Markets are blindly expecting the best – but inflation might not cool to the Fed’s 2% target until late 2024, says Federated Hermes’ top stock-picker
It’s too optimistic to think interest rate rises are done, says Federated Hermes’ chief strategist. “The market is whistling past the graveyard and expecting the best thing to happen,” Phil Orlando said. It could take until the end of 2024 for inflation to fall to the Fed’s 2% target, he added. Loading Something is loading.… Continue reading Markets are blindly expecting the best – but inflation might not cool to the Fed’s 2% target until late 2024, says Federated Hermes’ top stock-picker
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