It’s a volatile stock market out there right now as investors eye the start of the Federal Reserve’s first rate-hike cycle in years and geopolitical uncertainty stemming from the war in Ukraine. With so much attention focused on these two issues, many investors might be missing opportunities available in a recovering travel industry, particularly among… Continue reading 5 Hotel Stocks to Buy for a Summer Travel Boom | Kiplinger
Stock Market Today: Tesla, Tech Lift Stocks After Rocky Open | Kiplinger
Stock Market Today Tesla popped amid a filing suggesting another stock split; gains in mega-cap technology names also helped carry the major indexes.The market got off to a disorganized start to the week, but one that still saw the major indexes finish in positive territory. Tesla (TSLA, +8.0%) had an outsized say in the market’s… Continue reading Stock Market Today: Tesla, Tech Lift Stocks After Rocky Open | Kiplinger
US stocks fall as major indexes cap off first losing quarter in 2 years amid Fed moves and war in Ukraine
Stocks dropped Thursday, and US indexes notched their first losing quarter since 2020. The Biden Administration announced the release of 1 million barrels of oil per day for the next six months. Economist Mohamed El-Erian warned that financial tightening and inflation are driving uncertainty. Loading Something is loading. US stocks traded in the red to… Continue reading US stocks fall as major indexes cap off first losing quarter in 2 years amid Fed moves and war in Ukraine
There’s a black market in Russia for dollars and euros with deals organized on Telegram and money changing hands at train stations
Russians turned to a black market for dollars and euros as the ruble sank after Putin launched a war on Ukraine, reports said. Numerous channels on social media sites where people look to buy and sell currencies sprang up after the war began. After deals were reached, money then changed hands at train stations or… Continue reading There’s a black market in Russia for dollars and euros with deals organized on Telegram and money changing hands at train stations
Further upside in crypto is limited as stablecoin ownership declines, JPMorgan says
Crypto prices have limited upside ahead as the share of stablecoins relative to the total crypto market fall, according to JPMorgan.Stablecoins’ share of the total crypto market have fallen to 7% from 10%, according to the bank.Stablecoins are viewed as cash on the sidelines that could be utilized to buy cryptocurrencies. Loading Something is loading.… Continue reading Further upside in crypto is limited as stablecoin ownership declines, JPMorgan says
Russia avoids default once again as dollar bond payment goes through even after clearinghouse blocks account, report says
Russia avoided a default as one of its dollar-denominated eurobond payments went through on Thursday. JPMorgan processed the payments, as the bank is listed as a paying agent for Russia’s 2030 debt. Last week, Clearstream blocked Russia from the National Settlement Depository, which receives foreign bond payments. Loading Something is loading. Russia reportedly avoided a… Continue reading Russia avoids default once again as dollar bond payment goes through even after clearinghouse blocks account, report says
Russia’s foreign currency and gold reserves have plunged by more than $38 billion since the Ukraine war began, Russian central bank says
Phil Rosen Russian President Vladimir Putin attends a meeting in Moscow, Russia, on March 29, 2022. Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP The Russian central bank said Thursday that its foreign currency and gold reserves have shrunk by $38.8 billion. Interventions and foreign exchange refinancing are part of the reason for the decline,… Continue reading Russia’s foreign currency and gold reserves have plunged by more than $38 billion since the Ukraine war began, Russian central bank says
Tom Bradley: Getting back to normal is great, unless you’re an investor
Normal is not stocks trading at 50 times sales, oil being spurned and investors ending up worse off from owning a bond Capital markets have been doing a lot of normalizing lately, which isn’t going to make a lot of investors happy. Photo by Michael Nagle/Bloomberg Things are getting back to normal as the pandemic… Continue reading Tom Bradley: Getting back to normal is great, unless you’re an investor
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