Markets Buoyed As Fed Indicates A Moderation In Policy
As China began to soften its Covid-lockdown rhetoric, and Federal Reserve Chief Jerome Powell signaled interest rate hikes would begin to decelerate going forward, stocks extended gains in Asia. Following…
Housing Demand Continues To Surprise
One analyst is noting that even as mortgage costs hit record highs, there is still a healthy demand for housing, as evidenced by the unexpected rise in new single-family home…
Financial Expert Says To Break Gifts Up To Lessen Taxes
One financial expert said that those wishing to give financial gifts might be best suited waiting until next year to take advantage of a new tax law. In an interview…
Crude Rises As OPEC+ Meeting, And Possible Cuts, Approach
For a third day, oil gained as industry data indicated US crude stockpiles were substantially drawn down, and the next OPEC+ meeting approached, where it is expected the Cartel will…
UK Boots China From Domestic Energy Project
According to a new statement from the UK Department for Business, Energy, and Industrial Strategy, (BEIS), China General Nuclear, (CGN) is being removed by the UK government from the Sizewell…
German MP Says Germany Cannot Replace Russian Gas
On Tuesday, the chairman of the Bundestag committee on energy, Klaus Ernst, warned that even despite a recent liquid natural gas supply agreement with Qatar, Germany still has no way…
Russia And China Look To Bypass SWIFT
Russia Deputy Prime Minister Aleksandr Novak said on Tuesday that Russia and China are developing a financial settlement system which will facilitate cross-border economic transactions while bypassing the Western SWIFT…
ECB President Warns Eurozone Inflation Will Likely Rise
On Monday, European Central Bank (ECB) President Christine Lagarde warned that inflation in the Eurozone has not yet hit its peak, and it will likely surge even higher. Lagarde said…
Is Musk’s War On Apple A Tesla Pi Phone Marketing Ploy?
Elon Musk opened fire on Apple (AAPL) on Twitter, in the first salvo of what may become a much more prolonged war. On Monday, Musk took to Twitter to accuse…
BlockFi Files Chapter 11 As FTX Contagion Spreads
The collapse of the FTX crypto exchange has spread to crypto-firm BlockFi, as it has now filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the…