World
S&P 500 futures are little changed after a late day rally and ahead of Fed minutes
Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE U.S. equities futures were flat Tuesday night after the market staged a big midday reversal, with falling bond yields giving a boost to growth stocks, and ahead of a batch of economic data. Futures tied to the Dow Jones Industrial […]
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Ray Dalio is having a good year with Bridgewater’s flagship fund gaining more than 30% so far
Bridgewater’s flagship hedge fund has returned more than 30% through the first half of 2022 as elevated volatility created a golden opportunity for outperformance, according to a person familiar with the return. The firm’s Pure Alpha II fund climbed 4.8% in June, pushing its 2022 gains through the end of June to 32.2%, the person […]
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Buy these stocks to insulate your portfolio from the next big market risk, Morgan Stanley says
Stock markets are emerging from the worst start to a year in half a century. But the volatility is far from over and investors should prepare for further risk to earnings ahead, Morgan Stanley says. The S & P 500 notched its worst first half since 1970 while the Nasdaq Composite fell deep into a […]
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UK’s Boris Johnson suffers major blow as finance minister and health minister quit
Britain’s Chancellor Rishi Sunak (C) listens as Prime Minister Boris Johnson (L) addresses his Cabinet ahead of the weekly Cabinet meeting in Downing Street on June 07, 2022 in London, England. Leon Neal | Getty Images LONDON — British Chancellor Rishi Sunak resigned Tuesday, saying the government should be run “properly, competently and seriously.” Health […]
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Bonds flash recession warning light as key part of the yield curve inverts again
The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield […]
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Oil tumbles more than 8%, breaks below $100 as recession fears mount
Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products. West Texas […]
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Britain, South Korea reach data sharing agreement
Yuichiro Chino | Moment | Getty Images LONDON, July 5 (Reuters) – Britain has reached an agreement with South Korea that will allow businesses to share data with fewer restrictions and no contractual safeguards, the government said on Tuesday. The in-principle deal marks Britain’s first independent data adequacy agreement with a priority country since leaving […]
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Bank of England’s Bailey warns global economic outlook has ‘deteriorated materially’
Andrew Bailey, governor of the Bank of England, has said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world. Bloomberg | Bloomberg | Getty Images LONDON — The governor of the Bank of England said Tuesday that the global economic outlook has “deteriorated materially” and warned of […]
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Germany’s much-vaunted trade surplus disappears as import prices surge
Germany trade entered negative territory in May, raising questions about the stability of its economy in the wake of Russia’s invasion of Ukraine. Picture Alliance | Picture Alliance | Getty Images Germany is no longer exporting more than what it buys from other countries, highlighting the strains that the nation and other European economies are […]
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Airbus reportedly cancels deal with Qatar Airways for fourth A350
An Airbus A350 for Qatar Airlines aircraft at Fiumicino International Airport, Rome, May 13th, 2021. Massimo Insabato | Mondadori Portfolio | Getty Images Europe’s Airbus has revoked a contract for a fourth A350 ordered by Qatar Airways in an ongoing dispute over damage to the painted surface of the long-haul jets, three people familiar with […]
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