Investment Strategist Says Global Economy Entering ‘War-Cession’: CNBC
As per investment strategist David Roche, the global economy is likely entering a “war-cession,” and markets are underestimating its duration.
ExxonMobil Ditches Russia Following Western Sanctions: Reuters
Exxon Mobil Corp (NYSE:XOM) suspended its liquefied natural gas project in Russia’s Far East following Western sanctions, Reuters reports. Exxon…
Oil Moves Towards Weekly Decline As US Plans Giant Reserve Release: Bloomberg
Oil is headed for the most significant weekly loss in almost two years after the Biden administration orde
Market Rises Despite Increasing Tensions Between The U.S. And Russia And Spiking Food And Energy Costs: Time To Take Advantage Of The Bounce To Hedge.
War damage in Kiev (Алесь Усцінаў/Pexels).
US, EU Ink Deal As Europe Explores Options To Cut Russian Gas: Reuters
U.S. President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a task force to reduce Europe's reliance on Russian oil.
Recession Indicator: What An Inverted Yield Curve Means For Investors
The difference between the yield on 10-year and two-year U.S. Treasury bonds has dropped below 0.2% and is now at its lowest level since March 2020. Unfortunately, a flattening or negative yield curve can be a very negative indicator for the economy.
Goldman Expects Interest Rate Hike By 50bps at May, June Meetings: Reuters
Goldman Sachs Group Inc (NYSE: GS) expects the U.S.
Stock Indexes Little Changed Amid War, Inflation, Oil Prices; Yield Inversion Looms: Reuters
Global stocks clenched to their gains for the week on Friday, but rising interest rates, high oil prices, and the Russia-Ukraine kept the rebound at bay as yields sent a warning signal for the economy.
Fed To Throw Its Pandemic Emergency Measures Into Reverse: Reuters
Reuters revisits March 15, 2020, when the U.S. Federal Reserve, in the words of its boss Jerome Powell, "crossed a lot of red lines that had not been crossed before."
PreMarket Prep Stock Of The Day: Bank Of America
While the S&P 500 index futures were retreating off Tuesday’s open, one sector was going in the opposite direction: banking.
One issue that has revisited its multiyear highs is Bank of America Corp (NYSE: BAC), the PreMarket Prep Stock of the Day.