US stocks slip as bond yields edge higher and investors brace for key September jobs report

Jennifer Sor Reuters / Brendan McDermid Stocks slipped Thursday as bond yields jumped ahead of the highly anticipated September jobs report on Friday. Early signs point to cooling in the labor market, with jobless claims rising more than expected and layoff notices up 46% in September. Minneapolis Fed President Neel Kashkari said central bankers are… Continue reading US stocks slip as bond yields edge higher and investors brace for key September jobs report

The secular bull market in stocks that started in 2009 is still intact even if the S&P 500 trades another 15% lower, Katie Stockton says

Fairlead’s Katie Stockton thinks the stock market’s current weakness is temporary.The bull market stemming from 2009 lows is still intact even if the S&P 500 falls to 3,200, she said.”I still do see this as a cyclical bear cycle within a secular bull trend,” Stockton told CNBC last week. Loading Something is loading. It’s been… Continue reading The secular bull market in stocks that started in 2009 is still intact even if the S&P 500 trades another 15% lower, Katie Stockton says

People in Poland are burning garbage, and Romania is capping firewood prices as desperation grows amid Europe’s energy crisis

People in Poland are burning garbage to keep warm as the energy crisis in Europe intensifies.  Meanwhile, Romania is capping the price of firewood at about $80 per cubic meter.  Russia’s invasion of Ukraine has upended Europe’s energy supply ahead of winter.  Loading Something is loading. Europe’s energy crisis is pushing Polish citizens to burn… Continue reading People in Poland are burning garbage, and Romania is capping firewood prices as desperation grows amid Europe’s energy crisis

The Federal Reserve will continue to raise interest rates ‘until the labor market cracks,’ Bank of America says

The Federal Reserve will want to see the US labor market shedding jobs before it stops raising interest rates, Bank of America said Thursday.  To fight inflation, policymakers are hiking rates “with the expressed purpose of rebalancing the labor market,” the investment bank said.  The Fed may not stop raising the fed funds rate until… Continue reading The Federal Reserve will continue to raise interest rates ‘until the labor market cracks,’ Bank of America says

A cap on the price of Russia oil would give countries more leverage to negotiate better prices from suppliers, US official says

A cap on the price of Russian oil would give countries more leverage to negotiate better prices from suppliers. A Treasury official added that the US had “positive” talks with China and India, major buyers of Russian crude. G7 nations are ironing out details about the cap, such as penalties for countries who don’t adhere… Continue reading A cap on the price of Russia oil would give countries more leverage to negotiate better prices from suppliers, US official says

‘Someone will get hurt’: Investors and analysts warn on rising market stress

Big swings across asset markets are raising the risk of a financial accident Author of the article: Financial Times Eric Platt and Kate Duguid in New York A sign for Wall Street outside the New York Stock Exchange. Photo by Mike Segar/Reuters files Investors and Wall Street analysts are sounding the alarm about a possible… Continue reading ‘Someone will get hurt’: Investors and analysts warn on rising market stress

‘Ray no longer has the final word’: Ray Dalio gives up control of world’s largest hedge fund

Dalio initiated the succession plan as far back as 2010 Author of the article: Bloomberg News Erik Schatzker Ray Dalio, the billionaire founder of Bridgewater Associates, has given up control of the firm he built into the world’s largest hedge fund. Photo by Simon Dawson/Bloomberg After 12 years of trying, Ray Dalio is finally letting… Continue reading ‘Ray no longer has the final word’: Ray Dalio gives up control of world’s largest hedge fund