OPEC+ is looking to increase production ahead of restrictions on Russian oil

Group delegates said Saudi Arabia and other OPEC oil producers are discussing increasing production, in a move that could help heal the rift with the Biden administration and keep energy flowing amid new attempts to undermine Russia’s oil industry over the war in Ukraine. Delegates said increasing production by up to 500,000 barrels per day … Read more

Morgan Stanley says investors should consider this port in the market storm right now

It appears that the massive selloff in the British pound, which is credited with exacerbating the global rout of markets last week, will continue to wreak havoc on Monday. Old Blighty’s economic woes add to the list of growing concerns in the markets, which is driving more investors into the dollar and out of riskier … Read more

Stocks are sinking and rates are rising. It hurts, but we’re heading back to normal.

stocks and bonds stumble. housing weakened. And I haven’t heard a word about nonfungible cartoon monkey icons Maybe in three months. Strategists are now turning to really exotic assets – two I spoke with last week recommended buying long-term Treasurys. Someone also said that he prefers stocks of companies that are generating cash, and was … Read more