World
Banks name the under-the-radar global stocks set to outperform a volatile market
HSBC produced a list of its “most attractive” buy-rated stocks, while JPMorgan identified other “pockets of opportunity” in the market. Source
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JPMorgan’s trading guru Kolanovic says the market will recover losses to finish year flat
Top Wall Street strategist Marko Kolanovic is sticking by his guns amid the sharp market sell-off, seeing the S & P 500 to rebound and finish 2022 flat. “We believe rates market repricing went too far and the Fed will surprise dovishly relative to what is now priced into the curve,” JPMorgan’s Kolanovic said in […]
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Fed reportedly considering hiking interest rates by three-quarters of a point this week
The Marriner S. Eccles Federal Reserve building in Washington, DC, on January 25, 2022. Stefani Reynolds | AFP | Getty Images Markets are beginning to anticipate an even faster pace of interest rate hikes, and Federal Reserve officials apparently are contemplating the possibility as well. Central bank policymakers are entertaining the idea of a 75 […]
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U.S. holds ‘candid’ and ‘productive’ talks with China in nearly 5-hour meeting
Jake Sullivan, White House national security adviser, speaks during an interview at an Economic Club of Washington event in Washington, D.C., U.S., on Thursday, April 14, 2022. Al Drago | Bloomberg | Getty Images WASHINGTON — National security adviser Jake Sullivan met with China’s top diplomat, Yang Jiechi, on Monday to discuss a range of […]
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BlockFi, the Peter Thiel-backed crypto lending start-up, cuts 20% of its staff as bitcoin plunges
The logo of cryptocurrency platform BlockFi. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Crypto lender BlockFi is cutting around 20% of its staff as the company reckons with a dramatic downturn in digital currencies and heightened concerns about a weakening economy. CEO Zac Prince said in a tweet Monday that BlockFi has […]
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FAA requires SpaceX to make environmental adjustments to move forward with its Starship program in Texas
A Starship prototype stands on the company’s launchpad in Boca Chica, Texas on March 16, 2022. SpaceX The Federal Aviation Administration on Monday concluded a long-awaited assessment of SpaceX’s Starship rocket program in Texas, requiring Elon Musk’s company to make environmental adjustments in order to move forward with its plans. FAA released two key documents […]
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Morgan Stanley CEO James Gorman sees 50-50 odds of recession ahead
Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters The odds of a recession may be climbing as the Federal Reserve wrangles with inflation, but it’s unlikely to be a deep one, according to Morgan Stanley CEO James […]
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Google offers to let ad rivals place YouTube ads in EU antitrust probe
A woman passes the logo from the web search engine provider Google during the digital society festival ‘re:publica’, at the Arena Berlin in Berlin, Germany June 9, 2022. Annegret Hilse | Reuters Google parent Alphabet has offered to let rival ad intermediaries place ads on YouTube to address a crucial part of an EU antitrust investigation […]
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British police charge Kevin Spacey over alleged sex crimes
Medianews Group/boston Herald Via Getty Images | Medianews Group | Getty Images British police on Monday said they had charged Oscar-winning actor Kevin Spacey over historic allegations of sex offences after prosecutors last month authorized the charges, with the actor due in court onThursday. “Kevin Spacey Fowler, 62, has been formally charged today with four […]
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Britain to defy EU with ‘relatively trivial’ Northern Ireland law
Under the legislation, London is expected to introduce a “green channel” for goods moving from Britain just to Northern Ireland, change the tax rules and end the role of the European Court of Justice as sole arbiter. Charles Mcquillan | Getty Images News | Getty Images Britain will set out plans on Monday to override […]
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