Larry Kudlow: Republicans must keep ‘Biden inflation’ as the number one issue on their campaign
Record-high inflation is killing families, killing working folks, killing take-home pay, killing groceries on kitchen tables, and killing the economy — and everybody knows it. It is by far the number one issue in the midterm elections, by far. No matter what Joe Biden may say, the inflation buck started with him and continues on […]
US Futures Slip Before Earnings Rush, Bonds Rally: Markets Wrap
Equities gave up some of the previous session’s hefty gain as markets settled in to await key earnings reports from big Wall Street banks. Bonds advanced, led by UK gilts which benefited from speculation that controversial tax-cutting plans would be revised. Futures for the S&P 500 and Nasdaq 100 indexes slipped 0.4% and 0.7% respectively, […]
Stocks to Watch: Kohl’s, Delta, BlackRock
BlackRock: The investing giant’s profit fell during the third quarter, though revenue came in ahead of analysts’ estimates. Delta Air Lines: The carrier said persistent appetite for travel in the recent quarter helped it recoup higher costs while still filling seats. Its shares climbed 4.3% premarket. Walgreens Boots Alliance: The drugstore chain’s shares jumped 4.9% […]
Stocks Rise; Gilts Tumble Amid UK Policy Confusion: Markets Wrap
US futures rose and European stocks steadied as investors put aside concerns about the worsening global outlook, while UK bonds tumbled and the pound rose amid UK policy confusion. The yield on 30-year gilts rose above 5% for the first time since late September after the Bank of England confirmed its plan to end emergency bond purchases on Friday […]
This industry could be worth $180 billion by 2040. Citigroup offers four stock names to play it, and a few more to think about.
Investors are bracing for some choppiness on Wall Street, with oil prices falling as growth worries rattle around the globe. That’s as the clock ticks down to CPI and the start of a earnings season later this week, and in the backdrop a war is intensifying in Europe. Tough times don’t last, but tough investors […]
India’s RBI sells dollars as rupee hits record low on U.S. rate hike woes
The Reserve Bank of India likely sold dollars via state-run banks on Monday after the rupee plumbed a fresh record low following a U.S. jobs report that firmed bets of more aggressive rate hikes. The rupee hit a record low of 82.6825, before easing to last trade at 82.38. It is now only marginally lower […]
Jobs data, AMD shares fall and more: Friday’s 5 things to know
This week’s key economic report, September’s employment data out Friday morning, should provide investors with some idea of the impact that higher borrowing costs are having on growth. Economists surveyed by Refinitiv say the U.S. economy likely added 250,000 new nonfarm jobs in September. That’s down from 315,000 the previous month and would mark the weakest job […]
‘Uninvestable’ UK Market Lost £300 Billion in Truss’s First Month
A wild first month for Liz Truss’s government has seen at least £300 billion ($340 billion) wiped from the combined value of the nation’s stock and bond markets. While assets globally have been roiled by central bank efforts to tame surging inflation, confidence in the UK has been shaken. The September selloff on concerns about […]
Analysis: Credit Suisse’s turnaround just got a lot tougher as market reels
Swiss lender Credit Suisse Group AG (CSGN.S), battered by scandals and losses, is racing through a restructuring plan. Wild market swings and a social media storm are making that task increasingly difficult. Some of the bank’s wealth management clients have recently become concerned about Credit Suisse’s turnaround, two people familiar with the discussions told Reuters, and […]
OPEC+ considers production cut, Tesla sales lower and more: Monday’s 5 things to know
POSSIBLE OIL PRODUCTION CUT: OPEC+ is meeting this week to decide on production. The group of oil producers will reportedly consider cutting output by more than 1 million barrels a day, delegates tell Bloomberg. The meeting will take place on Wednesday in Vienna. A production cut would reflect the concern that the global economy is […]