Oil price surge could boost these Chinese stocks, Goldman says
Finance
Why China can withstand oil’s surge past $100 more easily than other countries
Key Points The latest Middle East tensions shed light on how the world’s three largest oil consumers have taken different approaches to energy. China has gradually increased the share of renewables in its total energy demand, more than the U.S. and India. China is the world’s largest oil importer, but it relies less on energy […]
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Finance
Robinhood’s venture fund, which gives investors access to private companies, tanks 11% on first day
Key Points The fund, which is trades under the ticker RVI, offers exposure to notable private companies such as financial services firm Revolut and software company Databricks. However, the launch comes during a tough time for public markets. Source
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Finance
Fed Governor Miran says job losses in February add to the case for more interest rate cuts
Key Points Federal Reserve Governor Stephen Miran said in a CNBC interview on Friday that the weak February jobs report bolsters the rationale for the central bank to lower interest rates further. If Miran had his way, the rate would be around neutral, which he deems to be about a full percentage point lower. Source
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