Dow futures jumped 450 points Wednesday after the IEA signaled it could release more oil from stocks. Equity markets in Europe rallied alongside US stock futures, with the DAX up more than 5%. Brent crude fell 2% to around $125, losing grip on gains made after the US banned Russian oil imports. Loading Something is… Continue reading Dow futures jump 450 points in global stock rally after the IEA says it could release more oil from inventories
Fitch warns a Russian debt default is ‘imminent’ as it cuts the country’s credit rating again
Fitch Ratings has cut Russia’s credit rating from B to C after the invasion of Ukraine. The downgrade reflects Fitch’s view that a sovereign default is ‘imminent’, it said Tuesday. Sanctions and plans to limit energy trade mean Russia might not pay some debt obligations, Fitch said. Loading Something is loading. Fitch Ratings is anticipating… Continue reading Fitch warns a Russian debt default is ‘imminent’ as it cuts the country’s credit rating again
Putin orders a ban on some Russian exports amid sweeping Western sanctions and US energy import restrictions
Russian President Vladimir Putin has signed an order banning and restricting some exports and imports. Russia is a major exporter of commodities including oil, gas, wheat, and metals. Commodity prices have already surged due to Western sanctions over the war in Ukraine. Loading Something is loading. Russia President Vladimir Putin has signed an order banning… Continue reading Putin orders a ban on some Russian exports amid sweeping Western sanctions and US energy import restrictions
A Chinese nickel titan is staring down an $8 billion trading loss as a short squeeze sends the metal soaring, new report says
Tsingshan Holding Group was looking at an $8 billion trading loss after nickel prices soared, The Wall Street Journal reported Tuesday. The company has assured creditor banks in China that its financial position is sound. Russia’s war against Ukraine triggered a short squeeze on nickel, sending prices briefly above $100,000 a ton. Loading Something is… Continue reading A Chinese nickel titan is staring down an $8 billion trading loss as a short squeeze sends the metal soaring, new report says
Tax Tips for Those Joining the Great Resignation
The ‘Great Resignation’ was a major talking point in 2021, with many people leaving their jobs for better working environments or work-from-home opportunities. TheStreet and TurboTax, a leading tax advisor, are partnering to help you through the self-employment transition. In the video above, Lisa Greene-Lewis, a certified public account (CPA) and TurboTax expert, answers questions about self-employment taxes,… Continue reading Tax Tips for Those Joining the Great Resignation
War in Ukraine and the Biggest Global Risks
Some of the biggest risks facing the world today are erosion of social cohesion, growing rivalries and environmental crises. And risks can rapidly become severe, as we have seen in Ukraine in the past two weeks. Residents evacuate Irpin, Ukraine, March 5, 2022. / Shutterstock Some of the biggest risks facing the world today are… Continue reading War in Ukraine and the Biggest Global Risks
China is hidden risk for emerging markets that’s split traders
‘China has more contagion effect than Russia’ Author of the article: Bloomberg News Srinivasan Sivabalan and Carolina Wilson A man inside the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China. Photo by REUTERS/Aly Song//File Photo As traders grapple with the breakout of war in Europe, the prospect of a new regulatory… Continue reading China is hidden risk for emerging markets that’s split traders
The Wrong Way to Reduce Your Risk in Today’s Stock Market | Kiplinger
investing The swings on Wall Street lately have many investors jittery, but some of those wanting to reduce their risk are just trading one type of risk for another.As expected, markets have been more volatile than normal so far this year. When this happens, investors tend to want to adjust their portfolios to “get rid… Continue reading The Wrong Way to Reduce Your Risk in Today’s Stock Market | Kiplinger
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