Ukraine war: Military intelligence chief ‘optimistic’ of Russian defeat saying war ‘will be over by end of year’
Major General Kyrylo Budanov spoke exclusively to Sky News and predicted the war will reach a turning point in August. He correctly predicted when Russia would invade earlier this year. International Affairs Editor @DominicWaghorn Saturday 14 May 2022 04:19, UK Ukraine’s head of military intelligence says the war with Russia is going so well, that […]
Russia planned a major military overhaul, Ukraine shows the results
By Neil MacFarquhar (New York Times) — Russia wanted to build a leaner, more flexible fighting force and eliminate waste, bureaucracy and corruption. But entrenched, Soviet-era practices endure. Army vehicles were so decrepit that repair crews were stationed roughly every 15 miles. Some officers were so out of shape that the military budgeted $1.5 million […]
US Retail Sales Show Consumer Standing Firm in Face of Inflation
Tuesday, May 17, 2022 06:01 AM By Olivia Rockeman Value of purchases climbed 0.9% in April after stronger March Spending gains were broad, potentially helped by credit cards (Bloomberg) — US retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation. The value of overall retail […]
JPMorgan’s Kolanovic Says Stock Markets Overprice Recession Risk
Monday, May 16, 2022 11:33 AM By Elena Popina Stock market pricing in higher recession risk than debt, rates Bullish strategist’s buy-the-dip calls haven’t worked in 2022 (Bloomberg) — Equity investors’ anxiety about a potential recession isn’t showing up in other parts of the market, which is giving JPMorgan Chase & Co. strategist Marko Kolanovicconfidence in his […]
Historic tech sell-off is a ‘generational buying opportunity’ for the ‘right’ stocks, says analyst Dan Ives
PUBLISHED FRI, MAY 13 202212:20 PM EDTUPDATED 40 MIN AGO Sarah Min@_SARAHMIN In this article PANW+11.12 (+2.32%) TSLA+41.23 (+5.66%) LICY+0.78 (+12.36%) AAPL+3.90 (+2.73%) XOS-0.02 (-1.07%) The tech sell-off is not the second dot-com bubble — it’s a “buying opportunity” for the right stocks, according to Wedbush Securities’ Dan Ives. “We view this historic sell-off as more of a generational buying […]
U.S. INSIGHT: Will China Lockdown Knock Fed Off 50-bps Path?
Monday, May 9, 2022 02:39 PM By Anna Wong (Economist) (Bloomberg Economics) — At his press conference following the May FOMC meeting, Fed Chair Jerome Powell outlined the condition that would allow the committee to shift from 50-bps rate hikes to 25-bps: Inflation would have to come down on a sustained basis. One way that could happen […]
Williams Says Unemployment Rate May Rise as Fed Fights Inflation
Tuesday, May 10, 2022 06:36 AM By Matthew Boesler and Alexander Weber New York Fed chief speaks at economics conference in Germany Sees inflation cooling to nearly 4% in 2022, 2.5% in 2023 (Bloomberg) — The US central bank’s interest-rate increases may lead to somewhat higher unemployment as it attempts to bring about a “soft landing” while tackling […]
Goldman’s Oppenheimer Sees Value After $11 Trillion Stock Rout
Tuesday, May 10, 2022 02:55 AM By Michael Msika and Nikos Chrysoloras European stocks at ‘oversold’ levels, Nasdaq 100 nearing that Goldman, JPMorgan see buying opportunities after selloff (Bloomberg) — The rout in global equity markets that erased $11 trillion since the end of March may be reaching a floor for now as battered valuations, particularly among tech […]
2018: The key reasons behind the stock market’s ugly October fall
Published: Oct. 29, 2018 at 8:10 a.m. ET By Mark DeCambre The Dow has lost around 2,140 points, or 8%, since its Oct. 3 2018 all-time high, as of Friday’s close Markets are falling fast. But why? A few short weeks ago the Dow industrials were on the verge of busting through another psychological milestone […]
Inflation outlook for consumers falls from record high, Fed survey shows
Inflation expectations over the next year fell to a median 6.3% in April, a 0.3 percentage point decrease from the record high the previous month. Still, household spending is projected to rise a record 8% over the next year, according to a New York Fed survey of consumers. Consumer expectations for gas price increases fell […]