World
EU expected to announce sanctions on Russian oil; Mariupol steel plant evacuees reach safety
EU expected to announce sanctions on Russian oil The EU is expected to announce further sanctions on Russia on Wednesday, this time targeting Russian oil imports. The move is difficult for the bloc as some member states, particularly Hungary and Slovakia, are heavily reliant on oil imports from Russia, prompting expectations that these countries could […]
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These are Credit Suisse’s top European stock picks right now
The Swiss bank has named its top stocks for the second quarter, including a “top of the crop” list of under-the-radar names. Source
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India’s largest-ever IPO will test foreign investor appetite
The LIC logo looms above a couple of passersby in Mumbai in India last week. The IPO of the biggest payer in life insurance in the country is expected to fetch $2.7 billion in the country’s biggest IPO so far. Punit Paranjpe | Afp | Getty Images The dominant player in India’s life insurance market, […]
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Your kids can learn life lessons from investing and trading in stocks — here’s how
Trading stocks has become much easier for young traders in the last few years – thanks to fintech apps like Robinhood and Greenlight. Robinhood, for example, drew unprecedented levels of young, first-time traders to the stock market during the pandemic. The rise of such trading platforms that allow kids to buy stocks can be viewed […]
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Fund manager believes FAANG is dead — says now it’s all about MANTA
Mark Hawtin reveals the stocks he thinks should replace some FAANG tech heavyweights — and explains why. Source
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Australia stocks set for higher start as investors look ahead to Fed rate decision
SINGAPORE — Shares in Australia looked set for a higher start on Wednesday, with investors looking ahead to the U.S. Federal Reserve’s interest rate decision expected later stateside. Futures pointed to a higher open for Australian stocks. The SPI futures contract was at 7,328, against the S&P/ASX 200’s last close at 7,316.20. Markets in Japan […]
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AMD sales jump 71%, shrugging off concerns about PC slowdown
Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue, sending the stock up over 3% in extended trading. Here’s how the chipmaker did versus Refinitiv consensus estimates in the quarter ending March: EPS: $1.13, adjusted, versus $0.91 expected, up 117% […]
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These ETFs offer protection to investors worried about a recession, Citi says
Investors looking to ride out the uncertainty and cushion their portfolios may find a good defensive play in these minimal volatility funds, Citi says. Source
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The Fed’s aggressive hiking campaign will lead to a recession, according to CNBC survey
The Federal Reserve is expected to hike interest rates and cut its balance sheet aggressively over the next 16 months, according the May CNBC Fed Survey, and most respondents believe the process will end in a recession. A rate hike of half a percentage point (50 basis points) is expected to be announced Wednesday by […]
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The Fed is expected to raise rates by a half point. Investors wonder if it will get more aggressive
U.S. Federal Reserve Board Chairman Jerome Powell speaks during his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, 2022. Graeme Jennings | Reuters The Federal Reserve is widely expected to raise its fed funds target rate by a half-percentage point Wednesday, but investors will […]
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