World
Indonesians are increasingly wary of Australia, but its new leader wants to change that
Australian Prime Minister Anthony Albanese returns from laying a wreath at Indonesia’s National Heroes Cemetery on June 6, 2022 in Jakarta, Indonesia. Albanese made his first trip to Indonesia promising to strengthen ties during two days of diplomatic and business meetings. Ed Wray | Getty Images Long before Australia’s new Prime Minister Anthony Albanese made […]
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Strategist names 3 chip stocks in a ‘very, very good position right now’
A number of semiconductor stocks look “very stable” despite market choppiness, according to Cascend Securities’ Eric Ross. Source
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Asia-Pacific stocks slip; China’s May retail sales, industrial production out ahead
SINGAPORE — Shares in Asia-Pacific slipped in Wednesday morning trade following overnight losses on Wall Street as the S&P 500 fell deeper into bear market territory. Investors in the region will also be looking ahead to the release of Chinese economic data expected later today. The Nikkei 225 in Japan slipped fractionally in early trading […]
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Buffett disciple Mohnish Pabrai says this country is ‘probably the cheapest market in the world’
Turkey’s economy may be battered by soaring inflation and a currency crisis, but Buffett disciple and veteran investor Mohnish Pabrai says he’s interested in the market. Pabrai, who is managing partner of Pabrai Investment Funds, said Turkey is “probably the cheapest market in the world.” But opportunities are being overlooked because of economic turmoil in […]
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Cathie Wood says market is pretty close to a bottom, tech stocks will hit trough and recover first
Ark Invest’s Cathie Wood said Tuesday technology stocks will hit the bottom before the broader market, repeating a historical trend from past crises. In the wakes of the dot-com bubble and 2008 financial crisis, the tech-heavy Nasdaq Composite hit its trough months before the S & P 500 did and therefore recovered first. The innovation-focused […]
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United Arab Emirates bans Pixar’s new Buzz Lightyear movie from theaters
Tim Allen and Tom Hanks voice Buzz Lightyear and Sheriff Woody in Pixar’s “Toy Story.” Disney DUBAI, United Arab Emirates — Disney Pixar’s animated movie “Lightyear” hits theaters this week and is expected to draw enthusiastic “Toy Story” fans from a number of countries around the world. Not in the United Arab Emirates, though. The […]
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Natural gas plummets as Freeport delays facility restart following explosion
Smoke billows from the Freeport LNG plant in Quintana, Texas, U.S., June 8, 2022, in this still image obtained from a social media video on June 9, 2022. Maribel Hill | Reuters Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won’t be back up […]
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These ETFs allow the regular investor to play offense during a bear market like a hedge fund
In rocky times for stocks, sometimes the best way to protect a portfolio is to bet against the market. This is how many high-profile hedge fund managers have made their names over the years — betting against the market, or certain sectors, at key times — giving their investors returns that help offset losses elsewhere […]
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WHO convenes experts to decide if monkeypox is an emergency
Pavlo Gonchar | Lightrocket | Getty Images The World Health Organization will convene an emergency committee of experts to determine if the expanding monkeypox outbreak that has mysteriously spread outside Africa should be considered a global health emergency. WHO Director-General Tedros Adhanom Ghebreyesus said Tuesday he decided to convene the emergency committee on June 23 because the […]
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The Fed’s balance sheet reduction officially starts Wednesday. Here’s how it works
In addition to an almost certain interest rate increase, the Federal Reserve on Wednesday will begin reducing its asset holdings, a process that is expected to drain trillions of dollars in liquidity from the financial system. The Fed’s balance sheet , primarily consisting of Treasurys and mortgage-backed securities (MBS), totals close to $9 trillion. That […]
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