Just in case there is any lingering doubt, the bond market is now pricing in the near certainty of a recession, triggered by the Federal Reserve, already here or on the way soon. The three-month Treasury yield now stands at about 86 basis points from 10 years ago, a level not seen since at least … Read more
Apple and NVIDIA customers can pay more for US-made chips: Analyst Apple and NVIDIA customers are likely to face price hikes from Taiwan Semiconductor Industry CorporationArizona chip plant, according to a strategist. “Subsidies will play a huge role in helping bridge the gap from an economic point of view, but there will also be price … Read more
Rob Nichols is President and CEO of the American Bankers Association and Dennis Kelleher is President and CEO Better Markets, a Washington-based nonprofit organization that promotes financial market reform. Recent turmoil in the trillion dollar crypto sector, incl FTX’s Sudden liquidity crunch and stunning crash, triggered Bank operating concept She is famous for movies like … Read more
The German housing market has been remarkably strong in the past two decades, but it faces a serious price correction in the next two years, according to some analysts. Tim Graham / Contributor / Getty Images The German housing market has been remarkably strong for decades, but it faces a serious price decline over the … Read more
All major stock averages closed higher for the week thanks to Friday’s afternoon rally that brought the Dow back into positive territory. The action was prompted by several major economic reports, including the November ADP employment report, the non-farm payrolls report, and the personal spending report for October. Perhaps more important was Federal Reserve Chairman … Read more
Singapore and New York ranked the most expensive cities to live in: EIU Singapore and New York were named as the most expensive cities to live in this year, according to Economic Information Unit (EIU). The average price of goods in 172 major cities globally has risen 8.1% in local currency terms this year, the … Read more
Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were all subject to Wall Street research on Wednesday. Here’s the latest analyst commentary on these club holdings, along with our view. Apple analyst take: Baird cut its estimate for Apple’s fiscal first-quarter iPhone manufacturing by 8 million units, citing ongoing challenges at an assembly plant … Read more
Tom Kay of Plymouth, Pennsylvania tops off his neighbors’ gas tank at a gas station in Wilkes-Barre, Pennsylvania, US, October 19, 2022. Amy Dilger | Reuters Oil prices defy expectations and are barely higher for the year, as the outlook for oil demand continues to deteriorate for the time being. West Texas Intermediate Crude Oil … Read more
Malaysian stocks rose with the announcement of the Prime Minister’s State Palace Listed shares rose in Malaysia as the state palace announce Anwar Ibrahim, Prime Minister of the nation. pointer KLCI Index It was trading up 3.86% following the previous negative sessions, and it traded at the highest levels in more than two months. communication … Read more
Macquarie’s chief China economist, Larry Hu, said surging Covid infections across mainland China was making it difficult for the government to achieve zero Covid without returning to a harsh lockdown. In the past few days, the number of daily cases has risen to around 28,000 or more — close to levels seen in April during … Read more
