A strong jobs report has investors questioning how soon the Federal Reserve will be able to ease its rate hiking campaign. Shares of United Parcel Service (NYSE: UPS) got caught in the downdraft, down as much as 3.7% on Monday. Through much of 2022, the market has moved based on sentiment about the Fed, and specifically about whether the central bank's rate-hiking campaign will throw the economy into a recession.
GettyRussia’s ill-conceived invasion of Ukraine has so far failed to yield the goals set out by Russian President Vladimir Putin, and his top propagandists are struggling to hide their growing sense of panic.On Monday, head of RT Margarita Simonyan appeared on The Evening With Vladimir Solovyov and admitted that the Kremlin’s collaborationist elite has concerns about the possibility of being tried for war crimes. After disingenuously claiming that neither the Russian leadership nor her fellow pr
Globally, total private- and public-sector debt as a share of GDP rose from 200% in 1999 to 350% in 2021, the economist Nouriel Roubini says.
(Bloomberg) -- Moscow confirmed attacks against two airfields well inside its borders, accusing Ukraine of what could be the deepest strikes into Russian territory since the start of the war.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernStocks Hit by Fed-Hike Jitters as US Yields Surge: Markets WrapAmbitious Plans to Build Indonesia a Brand New Capital City Are Falling ApartElon Musk’s Impossible Electric Truck Is Getting the Last LaughChina’s Cov
Cannabis investors today are reacting to a historic development in the industry on Friday. Tilray shares soared nearly 12%, while Aurora and SNDL stocks were up between about 6% and 7% in early trading.
It's been a long wait for investors betting that Congress would ease federal restrictions on cannabis businesses, but momentum seems to be building now.
A parcel of economic data awaits Wall Street this week as investors inch closer to the Federal Reserve’s final rate-setting meeting this year.
Here are three stories to watch on the political front this week.
(Bloomberg) -- The White House says it supports an effort to attach previously stalled legislation to fast-track energy projects backed by West Virginia Senator Joe Manchin onto a must-pass defense bill. Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernStocks Hit by Fed-Hike Jitters as US Yields Surge: Markets WrapAmbitious Plans to Build Indonesia a Brand New Capital City Are Falling ApartElon Musk’s Impossible Electric Truck Is Getting the Last Lau
Sergei Karpukhin/ReutersTwo explosions at major Russian military bases, including the Dyagilevo base near Ryazan just 150 miles from Moscow, mean the war in Ukraine has come right to Vladimir Putin’s doorstep. The explosions—which were unmanned drone strikes, a senior Ukrainian official told The New York Times—suggest Ukraine wanted to strike fear right in the heart of Russia.The second explosion struck the Engels-2 base, from which Tu-95 bombers have been pummeling Ukraine’s infrastructure over
The United States and other advanced nations are making crucial investment in green energy. What they're not doing is safeguarding the fossil fuels consumers depend on today.
Sen. John Kennedy (R-La.) was a part of Georgia Senate candidate Herschel Walker’s final campaign push on Sunday afternoon, two days before the runoff vote between him and sitting Georgia Sen. Raphael Warnock (D). While Walker himself had a number of odd things to say over the weekend, it looks like fake folksy Kennedy was intent on adding his voice to the bizarre chorus.
Global stocks and Treasury prices fell on Monday as new evidence of a strong U.S. economy raised fears that interest rates will stay higher for longer, eclipsing China's easing of pandemic restrictions. U.S. services industry activity unexpectedly picked up in November, with employment rebounding, in the latest sign of underlying economic momentum that could keep the Federal Reserve on alert to tighten policy further as it fights high inflation.
(Bloomberg) -- The attacks that left two electrical substations in North Carolina riddled with gunfire and knocked out power to about 45,000 homes and businesses underscores the fragility of US grids, experts said Monday.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernStocks Hit by Fed-Hike Jitters as US Yields Surge: Markets WrapAmbitious Plans to Build Indonesia a Brand New Capital City Are Falling ApartElon Musk’s Impossible Electric Truck Is Get
“The belief was when the Fed started raising rates that there would be an immediate snap to the economy,” Brian Moynihan said. “That didn't happen.”
All signs indicate India’s powerful finance minister disdains cryptocurrencies, and now she is setting the G-20 agenda for how the world's economic powers will regulate it. That’s why Nirmala Sitharaman is one of CoinDesk’s Most Influential 2022.
“Inflation remains a problem. Yes, it’s coming down, but it’s not coming down fast enough,” economist Mohamed El-Erian warned over the weekend, pointing to the stronger-than-expected jobs report as evidence.
Indians form the world’s largest diaspora group at around 18 million. That has led to India receiving ever-increasing remittances over the years.
Explosions hit the Engels airbase near Saratov and an airfield near Ryazan deep inside Russia on Monday after a Ukrainian drone attack, Moscow said.
Russia has reportedly requested that Israel not intervene or impede its efforts to transfer military equipment from Syria to Ukraine, the Israeli Times of Israel online newspaper reported on Dec. 4.