By 
Advertisement
Bloomberg
Mark Mobius Warns US Interest Rates Will Hit 9% If Inflation Persists
(Bloomberg) — The Federal Reserve’s fight against inflation has veteran fund manager Mark Mobius warning that interest rates will soar to 9%.Most Read from BloombergForecast for US Recession Within Year Hits 100% in Blow to BidenS&P 500 Bounces Off Make-Or-Break Technical Level: Markets WrapThe Time to Buy the Dip Is Fast Approaching — for One CountryRussia Hits Ukrainian Capital Kyiv With Kamikaze DronesGoldman Shakes Up Leadership Ranks in Yet Another Overhaul“If inflation is 8%, the playbook
SmartAsset
Selling Off Investments and Parking Money in Cash? Don’t Make This One Mistake
With interest rates rising to levels not seen for years, this is a good time to evaluate where you are parking your cash. Some securities and accounts offer newly attractive annual percentage yields (APY), while other types of securities and … Continue reading → The post Selling Off Investments and Parking Money in Cash? Don’t Make This One Mistake appeared first on SmartAsset Blog.
Bloomberg
The Time to Buy the Dip Is Fast Approaching — for One Country
(Bloomberg) — Investors are looking beyond a looming global recession and they see one country – and its financial markets – emerging strongest on the other side.Most Read from BloombergRussia Hits Ukrainian Capital Kyiv With Kamikaze DronesS&P 500 Bounces Off Make-Or-Break Technical Level: Markets WrapThe Time to Buy the Dip Is Fast Approaching — for One CountryGoldman Shakes Up Leadership Ranks in Yet Another OverhaulUS stocks and bonds will lead the way out of the current wave of market turm
Bloomberg
Hedge Fund Titan Warns UK Pension Crisis Is Just the Start
(Bloomberg) — For one of the world’s largest hedge funds, the UK pension fund crisis is just starting as central banks around the world raise interest rates and turn off quantitative easing.Most Read from BloombergForecast for US Recession Within Year Hits 100% in Blow to BidenS&P 500 Bounces Off Make-Or-Break Technical Level: Markets WrapThe Time to Buy the Dip Is Fast Approaching — for One CountryRussia Hits Ukrainian Capital Kyiv With Kamikaze DronesGoldman Shakes Up Leadership Ranks in Yet
Bloomberg
Singapore PM Warns US Chip Curbs Can Have ‘Wide Ramifications’
(Bloomberg) — Singapore’s Prime Minister Lee Hsien Loong warned the US decision to curb supply of microchips to Chinese companies could have widespread consequences and greater decoupling between the top two economies may create a “less stable world.”Most Read from BloombergForecast for US Recession Within Year Hits 100% in Blow to BidenS&P 500 Bounces Off Make-Or-Break Technical Level: Markets WrapThe Time to Buy the Dip Is Fast Approaching — for One CountryRussia Hits Ukrainian Capital Kyiv W
TheStreet.com
Ark’s Cathie Wood Continues to Stumble
Soaring interest rates and weak economic growth have dented Wood’s young, ‘disruptive’ technology companies.
Benzinga
3 REITs Making Massive Dividend Payments
In a perfect investment world, all real estate investment trust (REIT) stocks would never lose 30% or more of their value, would pay safe and stable high-yielding dividends with no cuts and their funds from operations would easily cover the dividends each quarter. But 2020 is far from the perfect investment world, and REIT stocks are among the worst-performing stocks this year. Inflation, followed by multiple interest rate hikes and fears of a deep recession, has slashed the prices of almost all
Reuters
Wall Street surges as market seeks bottoming signs
Wall Street’s main stock indexes rallied as much as 3% on Monday, catalyzed by better-than-expected Bank of America earnings, while traders debated whether recent wild swings signaled some sort of bottom was forming after new-bear market lows were reached last week. On Thursday the benchmark S&P initially nosedived to its lowest since November 2020 after hotter-than-expected consumer Prices data reinforced expectations that the Federal Reserve’s aggressive rate hike path would trigger a recession. Obviously, the positive BofA earnings as well as and others have caused positive movement – while EPS growth is lower than previous quarters, it’s better than expected.
TipRanks
Cathie Wood Doubles Down on These 2 Innovation Stocks
Not many hedge managers have ignited as much controversy as Cathie Wood. The founder of Ark Invest has built her brand on running against the crowd. From her early embrace of tech stocks to her outspoken political conservatism, Cathie Wood has always been something of a lightning rod. Wood is staking her reputation and fortune on a belief that new technologies, and especially the way that new technologies will interact with each other, are going to completely transform our world. In her view, se
Reuters
China delays release of key economic data amid party congress
BEIJING (Reuters) -China delayed the release of economic indicators scheduled for publication this week, including its third-quarter gross domestic product data due on Tuesday, according to an updated calendar on the statistics bureau’s website. The highly unusual delay comes amid the week-long congress of the ruling Communist Party, a twice-a-decade event that is an especially sensitive time in China. The data for third-quarter gross domestic product (GDP) – originally scheduled for release at 10:00 a.m. (0200 GMT) on Tuesday – has been highly anticipated after the world’s second-largest economy grew just 0.4% in the second quarter from a year earlier.
Bloomberg
Stocks Rally, Pound Climbs as Sentiment Improves: Markets Wrap
(Bloomberg) — Stocks extended a rebound and major currencies rallied versus the dollar after the S&P 500 closed above a key technical level and negative pressure on UK markets eased. Most Read from BloombergForecast for US Recession Within Year Hits 100% in Blow to BidenS&P 500 Bounces Off Make-Or-Break Technical Level: Markets WrapThe Time to Buy the Dip Is Fast Approaching — for One CountryRussia Hits Ukrainian Capital Kyiv With Kamikaze DronesGoldman Shakes Up Leadership Ranks in Yet Another
The Telegraph
Glass Onion, review: Daniel Craig brings the house down in a preposterously entertaining sequel
When Knives Out was unsheathed in 2019, the movie whodunnit wasn’t merely out of style. It was as good as knocked out cold with a candlestick in the billiard room, where give or take the odd notable groan – Memento, Gosford Park, another Murder on the Orient Express – it had been languishing undiscovered since the mid-1980s.
Comments