Mohamed El-Erian says there are four issues that will shape the future of the global economy. Markets have been on “a rollercoaster ride” as banking tremors pile on to investors’ concerns. El-Erian say the Fed’s efforts to reduce inflation and the US debt ceiling are key factors looking ahead. Loading Something is loading. Thanks for… Continue reading Here are the 4 issues that will determine the future of the global economy, according to Mohamed El-Erian
‘Shark Tank’ star Kevin O’Leary dismisses de-dollarization talk and says he won’t accept the yuan due to distrust of China’s government
Kevin O’Leary dismissed talk of de-dollarization, pointing to the greenback’s dominance in commodities. The “Shark Tank” star also said he won’t accept the yuan due to lack of trust in the Chinese government. “So I don’t care what form of transaction you want to do with me in Asia, I will not take Chinese yuan.”… Continue reading ‘Shark Tank’ star Kevin O’Leary dismisses de-dollarization talk and says he won’t accept the yuan due to distrust of China’s government
Investors should sell the S&P 500 above this key level as earnings defy expectations but ‘economic ambiguity’ persists, Bank of America says
Sell the S&P 500 when it rises above 4,200, Bank of America’s chief stock strategist said Friday. “We stay bearish” as the US economy looks set to end 2023 with stress in the labor market and weak earnings. The S&P 500 was edging toward logging a 20% gain from its bear-market low. Loading Something is… Continue reading Investors should sell the S&P 500 above this key level as earnings defy expectations but ‘economic ambiguity’ persists, Bank of America says
Russia’s energy dominance is fading with pipeline gas exports reportedly set to fall by 50% this year
Russia’s pipeline gas exports are set to halve this year, according to a report from a Kremlin-affiliated news outlet. Those losses are largely due to Russia slashing pipeline gas flows to Europe last year in retaliation for sanctions. But Russia’s economy is now struggling as it pulls in lower energy revenue, experts say. Loading Something… Continue reading Russia’s energy dominance is fading with pipeline gas exports reportedly set to fall by 50% this year
Sean Cooper: Distressed housing sales can be a deal for buyers, but you should know the risks While you may be able to get a discount, this option can still be competitive and expensive
While you may be able to get a discount, this option can still be competitive and expensive Author of the article: Published Apr 13, 2023 • Last updated Apr 13, 2023 • 5 minute read sirtravelalot/Shutterstock Have you been trying to buy a home for the last several months, but keep coming up on the… Continue reading Sean Cooper: Distressed housing sales can be a deal for buyers, but you should know the risks While you may be able to get a discount, this option can still be competitive and expensive
In Investing, How Do You Combat Uncertainty of Force Majeure?
Force majeure, a clause in legal contracts that exempts parties from liability due to unforeseeable and unavoidable catastrophes, can also apply to investing. Force majeure specifically is written into contracts to protect parties from the unexpected and from events that cannot be predicted — for example, if you’re building a house and an earthquake hits… Continue reading In Investing, How Do You Combat Uncertainty of Force Majeure?
Stock Market Today: Meta Earnings Spark Major Rally on Wall Street
It was a busy day on Wall Street as investors sifted through an onslaught of high-profile earnings reports, including from Facebook parent Meta Platforms (META (opens in new tab)). And despite data that showed slowing economic growth and stubbornly high inflation, all three major indexes jumped out of the gate – and ran higher into… Continue reading Stock Market Today: Meta Earnings Spark Major Rally on Wall Street
Dow soars 524 points as US stocks notch best day since January after streak of upbeat earnings
US equities climbed Thursday on more upbeat corporate earnings. Meta Platforms beat estimates and issued strong guidance. Weaker-than-expected GDP data didn’t dampen the rally on Thursday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. US stocks had their best day in months… Continue reading Dow soars 524 points as US stocks notch best day since January after streak of upbeat earnings
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