Traders and investors say the crash in US stock prices, driven by pessimism about the economic outlook, is raising the risk of a recession coming sooner than many professional forecasters expect. Falling stock prices have already contributed to the disappearance of From 5 to 8 trillion dollars of family wealth This year, the institutional outlook … Read more
picture: Niclas Hallen/AFP/Getty Images HSBC CEO Stuart Kirk gave a presentation at an investor conference last week, asking banking regulators with a mission to weather the financial risks of climate change. What was he thinking? As punishment for his heresy, the British Bank sent him to a re-education camp. Mr. Kirk is, or at least … Read more
HONG KONG – The withdrawal of foreign capital from China and a weaker yuan have drawn comparisons to 2015, when Beijing faced a vicious cycle of outflows and currency depreciation. China has filled several loopholes that have allowed its citizens and companies to move money out of the country, making a destabilizing mass exodus of … Read more
Mark Cuban, billionaire businessman and owner of the NBA’s Dallas Mavericks, believes that cryptocurrency is in the same downward trend that tech and internet companies hit in the early 2000s. Bitcoin hits 10-month low In May, sales of non-fungible tokens, Also known as NFTsdeclined between January and March 2022. See also: Mark Cuban on board … Read more
Investors, already grappling with a plunging stock market and fears that the US economy may be heading into a recession, are now shifting their focus to the consumer. For one thing, consumer discretionary stocks are among the hardest hit. Market focus on peak inflation and the number of times the Federal Reserve can raise interest … Read more
Bonds are back, say investors who have dared buy into the battered market. Stabilization has emerged in debt markets this week, with the 10-year US Treasury yield tumbling from a peak of over 3% after a five-month crash that worsened with Stocks fell. While most buyers expect more turmoil if the US economy slips into … Read more
Are we heading into a recession? The stock market has certainly been acting like this, with the S&P 500 approaching bear market territory. US GDP fell at an annualized rate of 1.4% in the first quarter, and another quarter of negative growth will officially signal a recession. So, we asked financial advisors: What do you … Read more
font size Sami Semenigar, director of Fidelity International Capital Rating, ranked Nestlé as a stable farmer whose rating has declined. Justin Sullivan / Getty Images The month’s worry is that the US is headed into a recession, but several fund managers at this week’s Morningstar Investment Conference said they don’t expect a sharp slowdown. They … Read more
Inflation worries many Americans — a jump in the price of groceries and gas means paying more for fewer items, and potentially restricting any savings in the future. But it could also be an opportunity to rethink daily spending, and perhaps even help the environment. There is a link between consumer spending and climate change. … Read more
By Josh Bock – The Associated Press Washington (AFP) – As President Joe Biden sets off for Asia Thursday, he faces a new danger at home for the economy and his Democratic Party: The global slowdown caused by the Russian invasion Ukraine and Chinese lockdown pandemic Cities and factories. The global economy cannot throw the … Read more
