There’s no denying that 2023 will be tough, but focusing on financial planning for the new year might help. From soaring inflation and rising interest rates to the lingering effects of the pandemic and war in Ukraine, we can expect the economic landscape to remain unpredictable for the foreseeable future. Yet, while there is little …
10 key things to consider in your New Year’s financial planning Read More »
Wall Street is on a five-day losing streak. The decline, as measured by the S&P 500 SPX, 3.6% isn’t so great, but it seems hopelessly inevitable once the benchmark fails to hold above its 200-day moving average. The relapse of every rally in 2022 is recognition that equities’ relationship with central banks has changed. Once …
Text size In 2022, remittances to low- and middle-income countries are expected to reach $626 billion. Marvin Recinos/AFP/Getty Images About the Author: David Malpass is President of the World Bank Group. At a time when the world faces an extremely difficult outlook, remittances are a vital lifeline for households in developing countries, especially the poorest. …
Buying a used car remains expensive even though supply chain bottlenecks have eased, bringing the average loan size to $28,506. Consumers still rely heavily on financing for car purchases, and the average loan size rose 8.59% year-on-year, according to credit rating firm Experian. There are still some glimmers. “Since the beginning of the inventory shortage, …
U.S. stocks fell on Thursday in a pessimistic start to December as fears of a recession seemed to outweigh falling inflation and signals that the pace and magnitude of rate hikes were slowing from the start. end of this month. The S&P 500 (^GSPC) slipped 0.2%, while the Dow Jones Industrial Average erased more than …
Dow Jones futures were little changed overnight, as were S&P 500 and Nasdaq futures. Salesforce.com headlined earnings overnight, but investors will focus on Thursday’s PCE inflation report after Fed chief Jerome Powell sparked a tech-led stock market rally on Wednesday . X The pace of rate hikes could start to slow at the December meeting, …
Destroyed apartments in the Ukrainian town of Lyman on November 27.Metin Aktas/Anadolu Agency via Getty Images During the Ukrainian counteroffensive this fall, Ukrainian troops surrounded the town of Lyman. Lyman is an important hub in eastern Ukraine, and a larger Russian force was trapped there. Russian troops at Lyman and those that withdrew suffered heavy …
Sales of electric vehicles in China are expected to increase in a seasonal November, with Nio (NIO) is poised to rebound as supply headwinds ease and new models surge. XPeng (XPEV) surged on Wednesday, driving Chinese electric vehicle stocks sharply higher after a better-than-expected fourth-quarter delivery outlook. More signs emerged on Wednesday of a shift …
China EV stocks rise above key level as Great Overhang begins to lift Read More »
Dow Jones futures fell overnight, along with S&P 500 and Nasdaq futures, with Fed Chief Jerome Powell and the start of key economic data at hand. X The stock market rally ended mixed on Tuesday with Apple (AAPL) once again a drag on major indices, as well as Amazon.co.uk (AMZN) and You’re here (TSLA). Meanwhile, …
Rally Awaits Powell Speech, Key Data; What to do now Read More »
By Aditi Shah, Aftab Ahmed and Gleb Stolyarov NEW DELHI (Reuters) – Moscow has sent India a list of more than 500 products for potential delivery, including parts for cars, planes and trains, four sources familiar with the matter said, as sanctions reduce the Russia’s ability to keep vital industries running. The list, a version …
Exclusive: India asked sanctions-hit Russia for parts for key sectors – sources Read More »
