Blackrock Says October Stock Rally Is Precarious
Blackrock says October’s rally may have been premature, and that any gains may give way as negative news awaiting investors at the end of the year comes to the fore.…
Morgan Stanley Sees Fed Pivoting Soon
Morgan Stanley strategist Michael Wilson says the Federal Reserves run of interest rate hikes is likely approaching its end. His prediction is notable in that he is a well-known bear…
Elon Musk Dismisses Twitter Board, Buys Back Bonds
Elon Musk continued to solidify his control over Twitter on Monday, as he dismissed the entire board of directors, and the company launched an offer to buy back all outstanding…
German Chemical Giant Hammered By High Gas Prices
BASF, the world’s largest chemical producer, is blaming sky-high natural gas prices for a weak third quarter earnings report. The company noted it was looking at longer-term cost cutting across…
South Korean Derivatives Wiped By Hang Seng Fall
Samsung Securities Co. analyst Jun Gyun is reporting that 2.7 trillion won, or $1.9 billion worth of equity-tied securities that were bought mostly by South Korean retail investors are now…
Musk To Charge For Twitter Verification
Twitter is going to revamp how it verifies users, according to a new tweet by Elon Musk. In the tweet, Musk said, “Whole verification process is being revamped right now.”…
Goldman Predicts The Fed May Raise Rates To 5%
Goldman Sachs Group Inc, has issued a new report predicting the US Federal Reserve may hike interest rates up to as high as 5% by March of 2023, raising its…
German Official Proposes Using Fracking To Draw Shale Gas
German Finance Minister Christian Lindner has said in an interview the state should examine the feasibility of producing domestic shale gas using fracking, which is presently prohibited in Germany. Fracking…
Japan Announces Economic Package
As the Japanese economy continues to be battered by inflation and a weakening yen, the government has announced an economic package worth 39 trillion yen (almost $270 billion) in an…
India Extends Ban On Sugar Exports
India has extended its ban on exports of sugar for an additional year until October 2023, according to a government notification. The nation is the largest sugar producer in the…