A trader works on the floor of the New York Stock Exchange (NYSE) in New York, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for the financial markets, Standard charter outlined a number of potential surprises for 2023 that he says are “undervalued” by the market. Eric Robertson, the bank’s chief research …
Investors predict the Federal Reserve will cut rates when it faces a slowing economy next year, betting that the US central bank is much closer to ending its historic monetary tightening campaign than it was. did not announce it. Traders in the US government bond market are betting the Fed will be forced to cut …
Investors bet on interest rate cuts in 2023 despite Fed signals Read More »
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will meet on Sunday to decide the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil production cuts on Sunday, energy analysts said, as the influential energy alliance weighs the impact …
OPEC+ mulls further oil production cuts ahead of Russia sanctions and proposed price cap Read More »
The stock market fell on Monday after protests sent Chinese stocks tumbling and investors pondered the next round of interest rate hikes. Oil and real estate stocks were the main victims of the declines. Apple (AAPL) lost ground after a report that iPhone production could be below estimates. X The Nasdaq composite fell 1.2% and …
Stock market falls on China turmoil, real estate bust, reports of Apple production cuts Read More »
Nationally, home prices fell 1.3% between June and August. It marked the first decline measured by the lagged Case-Shiller National Home Price Index since 2012. It’s more than a small dive, it’s a change of trajectory. At least, that’s according to the latest forecasts produced by Morgan Stanley’s economics team. This year, Morgan Stanley expects …
Comment this story Comment RICHMOND — Governor Glenn Youngkin (R) said he plans to seek tax cuts in his budget proposal for next year, while acknowledging that a possible economic downturn could weaken state finances . But Youngkin added that he will approach the issue of tax cuts with caution – a change in tone …
Youngkin warns of recession but vows to pursue tax cuts – with caution Read More »
Anshul Ruparell, founder and CEO of real estate firm Properly, announced the company was laying off 71 people in a public blog post after holding a town hall meeting with staff on November 15.Galit Rodan/The Globe and Mail Real estate startup Properly laid off about half of its workforce just months after raising $36 million …
As recessionary pressures continue to mount in the region and across the country, tech and biotech companies have now revealed plans for enough job cuts to cut more than 6,000 Bay Area jobs, reductions that could weigh on the region’s economy in the weeks and months. come. Job cuts affecting thousands of workers in the …
More than 6,000 tech and biotech job cuts upend Bay Area economy Read More »
biden capital gains tax change House Democrats have proposed legislation that could end Trump’s tax cuts for the wealthy and corporations. If passed, it could implement some of the biggest tax increases in decades. But while these tax changes aim to deliver on President Joe Biden’s promises to tackle inequality, they are on a smaller …
Tax the rich: Biden to end Trump’s tax cuts for the rich Read More »
NetEase plunges after Blizzard announces suspension of gaming services in China Hong Kong listed shares of NetEase plunged 13% after Blizzard Entertainment, a subunit of ActivisionBlizzardsaid it would suspend gaming services in China, citing the expiration of licensing agreements with NetEase. “We are extremely grateful for the passion our Chinese community has shown throughout the …
