Biden administration to resume leasing for oil and gas drilling on federal lands
PUBLISHED FRI, APR 15 20226:09 PM EDT | UPDATED FRI, APR 15 20228:23 PM EDT NBC NEWS | Josh Lederman and Zoë Richards The Biden administration said it will resume selling leases to drill for oil and gas on federal lands starting next week, but with a major reduction in the number of acres offered and an […]
A Recession in the US is still unlikely despite growth concerns, says the head of BlackRock’s $2.2 trillion iShares Investment Strategy Americas Unit
Higher inflation, weaker growth, and the Russia-Ukraine war have all materialized as market risks. BlackRock’s Gargi Chaudhuri shares her investing outlook and why the US should dodge a recession. Chaudhuri named five investments to make to hedge a portfolio against inflation. Late last year, BlackRock’s Gargi Chaudhuri, who heads up the firm’s iShares Investment Strategy […]
Goldman names four ‘oversold’ megatrends to buy into right now
PUBLISHED MON, APR 4 20227:54 PM EDTUPDATED TUE, APR 5 20228:20 AM EDT Elliot Smith @ELLIOTSMITHCNBC Goldman Sachs Asset Management has outlined four market “megatrends” which offer a “hugely attractive entry point” for investors. Stock markets around the world endured a volatile first quarter as the prospect of higher interest rates, soaring inflation and Russia’s […]
Amazon is secretly testing its drone delivery program
Amazon will ask some people in California and Texas to test its Prime Air drone delivery, documents show. Amazon plans to ultimately open 145 drone launchpads and deliver 500 million packages by drone a year. Prime Air was announced in 2013 but has met delays and roadblocks, Insider previously reported. Amazon this year aims to recruit […]
JPMorgan’s Kolanovic says U.S. recession is unlikely, even as bond market flashes warning signals
PUBLISHED MON, MAR 28 20221:06 PM EDTUPDATED 4 HOURS AGO Crystal Mercedes | CNBC JPMorgan chief global markets strategist Marko Kolanovic said Monday that a recession is not likely to occur in the short term, despite warning signals from the bond market. The 5-year Treasury yield on Monday briefly rose above that of the longer-dated […]
EU strikes gas deal with the U.S. as it seeks to cut its reliance on Russia
U.S. President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to bolster energy security for Ukraine and the EU for next winter and the following one. The primary goals of the task force, the U.S. and EU said in a joint statement, would be to […]
Russia signals scaled-back war aims, Ukrainians advance near Kyiv
Russian forces halted for weeks at Kyiv’s gates Biden to assess response to refugees in Poland China’s Sinopec halts discussion on investments BUCHA/LVIV, Ukraine, March 25 (Reuters) – Moscow signalled on Friday it was scaling back its ambitions in Ukraine to focus on territory claimed by Russian-backed separatists as Ukrainian forces went on the offensive […]
Tech leads rebound in world stocks despite surging yields
By Medha Singh March 23 (Reuters) – Battered technology and growth shares have shrugged off rising bond yields to drive a rebound in world stocks as some investors view them as a hedge to inflation against the backdrop of supply-chain snarls and an intensifying war in Ukraine. The NYSE FANG+TM index (.NYFANG), which includes the five core […]
These are the best tech stocks in an ‘inflationary world,’ according to Baird
PUBLISHED MON, MAR 21 20224:45 PM EDT Samantha Subin@SAMANTHA_SUBIN In this article AAPL+0.02 (+0.01%) INTC+0.03 (+0.06%) NVDA+0.06 (+0.02%) EAUNCH AMZN+3.86 (+0.12%) GOOGL+1.97 (+0.07%) Google app is seen on a smartphone in this illustration. Dado Ruvic | Reuters As the Federal Reserve starts hiking rates to combat rising inflation, Baird says investors may want to consider owning these technology stocks that […]
Pressed to choose sides on Ukraine, China trade favours the West
WASHINGTON: US President Joe Biden’s warning of “consequences” for any aid China may give to Russia’s Ukraine war effort could force Chinese President Xi Jinping to choose between a longstanding lucrative trade relationship with the West and a growing strategic partnership with Moscow. Based on trade flows alone, Beijing has a lot at stake following […]