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Is it time to short the dollar? UBS and others think so
World

Is it time to short the dollar? UBS and others think so

The U.S. dollar has surged since September, but some financial institutions are suggesting investors should bet against further strength in the greenback. Investment bank UBS has taken a contrarian stance, warning investors not to chase the dollar’s recent gains. “We caution against chasing USD strength; instead, we suggest selling dollar upside potential for yield pickup,” […]

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Food prices are at their highest levels in over a year. And these items will get even more expensive
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Food prices are at their highest levels in over a year. And these items will get even more expensive

Athvisions | E+ | Getty Images Global food prices recently rose to an 18-month high, with some food baskets expected to continue climbing, according to market watchers.  In October, world food commodity prices were at their highest since April 2023, according to the most recent data compiled by the United Nations’ Food and Agriculture Organization. […]

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Jeff Bezos says he’s optimistic about Trump, will help with reducing regulation
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Jeff Bezos says he’s optimistic about Trump, will help with reducing regulation

Jeff Bezos, founder and executive chairman of Amazon and owner of the Washington Post, takes the stage during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City.  Michael M. Santiago | Getty Images Amazon founder Jeff Bezos spoke optimistically of President-elect Donald Trump Wednesday […]

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Robinhood considering move into sports betting, CEO Vlad Tenev says
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Robinhood considering move into sports betting, CEO Vlad Tenev says

Vlad Tenev, chief executive officer of Robinhood Markets Inc., during a Bloomberg Television interview in London, UK, on Tuesday, Nov. 29, 2023. Jose Sarmento Matos | Bloomberg | Getty Images Robinhood CEO Vlad Tenev said Wednesday that the brokerage firm is considering expanding into sports betting in some way. “We’re keenly looking into that space. […]

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French government toppled in no-confidence vote brought by opposition
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French government toppled in no-confidence vote brought by opposition

France’s Prime Minister Michel Barnier (C) looks on during a session of questions to the government at The National Assembly in Paris, on December 3, 2024.  Julien De Rosa | Afp | Getty Images The French government has been toppled in a vote of no confidence Wednesday, plunging the euro zone’s second-largest economy into a […]

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Watch live: Fed Chair Jerome Powell speaks at Dealbook conference
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Watch live: Fed Chair Jerome Powell speaks at Dealbook conference

[The stream is slated to start at 1:40 om ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday at the New York Times DealBook conference. The appearances comes two weeks ahead of when the central bank will announce its decision on […]

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South Korean parliament introduces motion to impeach President Yoon
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South Korean parliament introduces motion to impeach President Yoon

South Korean lawmakers submit a impeachment motion of South Korean President Yoon Suk Yeol at the National Assembly in Seoul, South Korea, December 4, 2024.  Yonhap News Agency | Via Reuters South Korea’s parliament on Thursday formally introduced a motion to impeach Yoon Suk Yeol, setting the stage for a historic vote which could oust […]

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Amazon sued by DC attorney general for allegedly excluding neighborhoods from Prime delivery
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Amazon sued by DC attorney general for allegedly excluding neighborhoods from Prime delivery

Amazon workers deliver packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023.  Stephanie Keith | Bloomberg | Getty Images Washington, D.C.’s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes in the nation’s capital from access to Prime’s high-speed delivery. The lawsuit from […]

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South Korea’s short-lived martial law declaration rattled markets. Here’s what’s next for stocks
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South Korea’s short-lived martial law declaration rattled markets. Here’s what’s next for stocks

A visitor looks at screens at the Korea Exchange (KRX) headquarters in Seoul, South Korea, on Wednesday, Dec. 4, 2024. Bloomberg | Bloomberg | Getty Images An extraordinary political drama in South Korea is likely to compound an already gloomy outlook for Asia’s fourth-largest economy, analysts say, although some see reason to be more upbeat […]

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GM expects more than  billion impact from China restructuring, including plant closures
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GM expects more than $5 billion impact from China restructuring, including plant closures

Employees work on Buick Envision SUVs at General Motors’ Dong Yue assembly plant, officially known as SAIC-GM Dong Yue Motors Co., Ltd., on Nov. 17, 2022, in Yantai, Shandong Province of China. Tang Ke | Visual China Group | Getty Images DETROIT – General Motors expects a restructuring of its joint venture operations with SAIC […]

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