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 […]
Even if oil hits $150 a barrel, JPMorgan’s Marko Kolanovic predicts stocks will reclaim 2022 highs
TUE, JUN 7 20228:13 PM EDT UPDATED 6 HOURS AGO Stephanie Landsman J.P. Morgan’s Marko Kolanovic: $150 oil wouldn’t cripple economy or market JPMorgan’s Marko Kolanovic predicts oil is surging higher — but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believes the U.S. economy […]
Peak Inflation Signs Are Flashing in Chips, Shipping, Fertilizer
Monday, June 6, 2022 02:00 PM By Michelle Jamrisko Prices for chips and shipping containers have come off peaks Central bankers are scrambling to snuff out soaring inflation (Bloomberg) — Three of the key supply-side factors driving today’s global inflation levels have already turned around, meaning relief could be on the horizon for shoppers worldwide. A […]
Five Signals That Are Giving Economists Hope About 2022
Tuesday, June 7, 2022 01:08 PM By Isabelle Lee For Dutta, it’s labor supply; Kolanovic cites China’s recovery Tinsley uses consumer spending, Markowska tracks foot traffic (Bloomberg) — As corporate leaders increase their grim pronouncements about the future, there are still market economists who see stocks heading higher in the second half of this year and who say the US […]
Oil Tankers Make Rare Mid-Atlantic Switch of Russian Crude Cargo
Monday, June 6, 2022 02:07 AM By Julian Lee Transfer took place in waters 300 miles west of Madeira in May Most cargo movements occur in sheltered near-shore waters (Bloomberg) — Shippers of Russian crude are turning to unusual methods to move cargoes displaced from Europe over much longer distances to new customers. The most […]
As Shanghai reopens, California ports prepare for cargo surge
June 2, 2022 5:03 PM PDT From Reuters News: Reporting by Lisa Baertlein in Los Angeles; Editing by Lincoln Feast. California port leaders expect imports to rise as Shanghai, home to the world’s busiest seaport, emerges from a two-month COVID-19 lockdown. The question is whether that release of pent-up goods will again swamp West Coast […]
China is boosting Russian oil purchases by nearly 50% after initially cutting back
MAY 20, 2022, 22:19 IST Business Insider US Brian Evans China is ramping up its purchases of Russian oil and picking up the slack of Western buyers. The world’s top oil importer is nearing 1.1 million barrels per day of Russian crude brought by sea, Reuters said. China previously recorded imports of 750,000 barrels per […]
How the World Is Paying for Putin’s War in Ukraine
May 31, 2022, 9:01 PM PDT Bloomberg News In early March, as the US and its allies unleashed a wave of sanctions on Russia, President Joe Biden stood in the White House and said they wanted to deal a “powerful blow to Putin’s war machine.” But as the war in Ukraine approaches its 100th day, that […]
Moscow expects big jump in profits from energy exports in 2022
June 4, 2022 From Reuters News: Reporting by David Ljunggren; Editing by Leslie Adler and David Gregorio Russian Foreign Minister Sergei Lavrov on Saturday said Western sanctions would have no effect on the country’s oil exports and predicted a big jump in profits from energy shipments this year. “Considering the price level that has been […]