Russian Oil Flows to Europe Have Quietly Started Creeping Up
Monday, June 20, 2022 09:55 AM Source: Bloomberg by Julian Lee and Alaric Nightingale Europe’s resolve to stop buying Russian crude may be starting to ebb. The continent’s oil refineries took 1.84 million barrels a day of crude from Russia last week, according to tanker tracking data compiled by Bloomberg. That was the the third consecutive weekly […]
Yellen Says ‘Stay Tuned’ for Word on Russian Oil Price-Cap Plan
Monday, June 20, 2022 02:11 PM Source: Bloomberg by Christopher Condon and Danielle Bochove Treasury Secretary Janet Yellen said talks are continuing on how the US and its allies might cap the price of Russian oil exports, possibly through a plan that offers exceptions to the European ban on insuring Russian oil shipments. “We are continuing to […]
JPMorgan Strategists See Equity Stress Easing in Second Half
Monday, June 20, 2022 03:23 AM Source: Bloomberg-Sagarika Jaisinghani A selloff that saw US stocks sink into a bear market last week amid red-hot inflation data and a sharp Federal Reserve rate hike will likely ease in the second half, according to JPMorgan Chase & Co. “The call of peak Fed hawkishness got delayed, but […]
Ron Baron says this is a once-in-a-generation buying opportunity as stocks tumble into bear market
PUBLISHED FRI, JUN 17 20229:52 AM EDT Source: CNBC Yun Li Longtime investor Ron Baron believes investors are being presented with a once-in-a-lifetime buying opportunity after stocks fell into a bear market on fears of a recession. “Hope you’re able to get someone or lots of someone to tell your viewers that this is HUGE […]
Strategists’ S&P 500 Index Estimates for Year-End 2022 (Table)
Wednesday, June 15, 2022 08:20 AM Source: Bloomberg by Lu Wang The table presents estimates from strategists for where the S&P 500 Index will finish 2022 and how much profit companies will generate. S&P 500 Index 2022 Close 2022 EPS Average 4,617 $227 Median 4,650 $226 High 5,330 $245 Low 3,900 $205 No. of […]
Wharton’s Jeremy Siegel tells investors they ‘won’t be sorry’ a year from now if they start deploying cash
PUBLISHED MON, JUN 13 20228:53 AM EDT Source: CNBC Sarah Min If you have cash, begin to deploy it, says Wharton’s Jeremy Siegel Investors who buy now “won’t be sorry” a year from now after the market sell-off, according to Wharton professor Jeremy Siegel. “We’ve had bigger shocks in the past…There may be another 5%, […]
Most factories in Shanghai resume work as Covid controls ease, ministry says
PUBLISHED TUE, JUN 14 20223:34 AM EDT Source: CNB Evelyn Cheng KEY POINTS In Shanghai, 96.3% of industrial businesses tracked by the government have resumed work, with a production rate above 70%, according to China’s Ministry of Industry and Information Technology. Tesla has achieved full production, while Shanghai’s local state-owned automaker SAIC saw production in […]
JPMorgan’s trading guru Kolanovic says the market will recover losses to finish year flat
MON, JUN 13 20223:09 PM EDT CNBC: Yun Li Top Wall Street strategist Marko Kolanovic is sticking by his guns amid the sharp market sell-off, seeing the S&P 500to rebound and finish 2022 flat. “We believe rates market repricing went too far and the Fed will surprise dovishly relative to what is now priced into […]
US INSIGHT: No, US Does Not Face a Return to 1970s Stagflation
Friday, June 10, 2022 01:40 PM By Bloomberg: David Wilcox (Economist) Inflation is running at the fastest rate in 40 years and growth is poised to slow. Understandably, many commentators are predicting that the US is doomed to suffer another bout of 1970s-style stagflation. They’re wrong. The US experience in the late 1970s is the […]
TSMC Expects 30% Sales Rise Despite Global Economic Ructions (2)
Tuesday, June 7, 2022 08:50 PM By Debby Wu It’s lost over a tenth of its value in 2022 on investor fears TSMC to spend more than $40 billion to expand capacity in 2023 (Bloomberg) — Taiwan Semiconductor Manufacturing Co. expects revenue to grow about 30% in 2022, signaling resilient demand for electronics despite global macroeconomic […]