KamalaCrash Trending on Social Media, Google Search As Stocks Plummet
BEDMINSTER, NJ -The hashtag #kamalacrash is trending on social media platforms like Twitter, X (formerly Twitter), and Facebook, reflecting former President Donald Trump’s commentary linking Vice President Kamala Harris to a significant…
Citigroup cuts U.S. stocks to ‘underweight’, favours European equities in 2023
(Reuters) – Citigroup analysts turned “underweight” on U.S. equities on recession fears but were bullish on European stocks, saying much of the pessimism was already priced-in. The U.S. bank upgraded its view…
Surging recovery bets on China stocks face reality check
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Chinese investors are doubling down on economic recovery bets, with a flurry of new fund launches this week riding on optimism about an…
Corporate Execs And Insiders Shy Away From Stocks In ‘Warning’ Sign For Economy
Corporate Execs And Insiders Shy Away From Stocks In ‘Warning’ Sign For Economy John Hugh DeMastri on January 5, 2023 Despite crashing stock prices, corporate executives have been shying away from their…
Asian stocks in 2022 suffer biggest foreign outflows since 2008 global crisis
By Gaurav Dogra (Reuters) – Foreign investors withdrew more money from emerging Asian equities in 2022 than they had done in any year since the global financial crisis in 2008, as rising…
Ex-CFO pleads guilty to stealing from SPACs to trade meme stocks, cryptocurrencies
By Jonathan Stempel NEW YORK (Reuters) – A former chief financial officer of multiple special purpose acquisition companies (SPACs) has pleaded guilty to embezzling more than $5 million from them, and losing…
House Financial Services Committee Member Unloads Up To $12 Million In Stocks
House Financial Services Committee Member Unloads Up To $12 Million In Stocks Trevor Schakohl on December 29, 2022 Outgoing Republican House Financial Services Committee member Van Taylor sold between roughly $3 million…
Investors look for ‘Santa Rally’ after grim year in U.S. stocks
By David Randall NEW YORK (Reuters) – Bruised investors are hoping a so-called Santa Claus rally can soften the pain of a tough year in U.S. stocks and potentially brighten the outlook…
Indian stocks top Asian markets, strong economic growth fuels hope
By Ankur Banerjee SINGAPORE (Reuters) – In a year when Indian equities emerged as the best performers in Asia and the country took advantage of a structural shift in supply chains from…
Germany Stocks Up On Candles As Energy Crisis Rages
Germany Stocks Up On Candles As Energy Crisis Rages Jack McEvoy on December 20, 2022 Germans are stocking up on wax candles to light up their homes as natural gas shortages have…
U.S. bank stocks falter as recession worries take hold
By Lewis Krauskopf (Reuters) – Shares of U.S. banks are taking a beating in December, as worries over an expected recession and weakening profit margins dull the industry’s appeal. The S&P 500…
India’s wheat stocks to fall further but sufficient, government says
NEW DELHI (Reuters) – Wheat stocks in India’s government warehouses will fall by about 13% by early next month from current levels but will be sufficient for welfare schemes of the country,…
Foreigners turn net buyers of Japanese stocks last week
(Reuters) – Foreign investors were net buyers of Japanese stocks last week, as worries about the U.S. Federal Reserve’s interest rate hikes eased and sentiment improved after China eased its COVID-19 restrictions.…
U.S. crude stocks soar by more than 10 million barrels – EIA
By Arathy Somasekhar (Reuters) – U.S. crude oil stockpiles rose by more than 10 million barrels last week, the most since March 2021, buoyed by releases from the Strategic Petroleum Reserve and…
Ark’s Wood sees U.S. now in recession, expects energy stocks to tumble
By David Randall NEW YORK (Reuters) – Energy stocks and other value stocks will likely be “casualties” of falling inflation, said Cathie Wood, the star stock picker whose ARK Innovation Fund has…
Investors eye year-end rally as stocks pass week’s first test with tame CPI
By Lewis Krauskopf NEW YORK (Reuters) – Investors grew more upbeat about a year-end U.S. stock rally after a softer-than-expected inflation report on Tuesday lifted sentiment a day ahead of a Federal…
U.S. crude stocks drop; fuel stocks post large builds -EIA
By Stephanie Kelly (Reuters) – U.S. crude stocks fell in the latest week while gasoline and distillate inventories posted big builds, as oil refiners’ utilization climbed to the highest since 2019, the…
Up, down, up again: Japan’s soccer-related stocks mirror Samurai Blue’s performance
By Nobuyo Saito TOKYO (Reuters) – Japanese shares of soccer-related companies had a good day on Friday as they mirrored the national team’s roller-coaster performance at the World Cup where the “Samurai…
When the chips go up: Big banks bet on South Korea, Taiwan stocks for 2023
By Harish Sridharan (Reuters) – Global banks are turning bullish on South Korean and Taiwanese shares, expecting a revival in semiconductors to drive a rally next year, while they see Japan’s market…
Brazil stocks set to rally 13% by end-2023 despite policy uncertainty: Reuters poll
By Gabriel Burin and Noe Torres BUENOS AIRES/MEXICO CITY (Reuters) – Brazil stocks will rally by double-digits through end-2023, despite uncertainty about new government policies as President-elect Luiz Inacio Lula da Silva…
Oil embargo set to restrain Russian stocks recovery in 2023: Reuters Poll
By Alexander Marrow MOSCOW (Reuters) – Russia’s stock market will claw back some of the heavy losses sustained this year in 2023, according to a Reuters poll of 12 market experts, with…
China’s stocks, yuan tumble as COVID protests rattle nerves
SHANGHAI (Reuters) – Chinese stocks on Monday saw the worst day in a month, as recent monetary-easing measures failed to offset investor worries about protests against strict COVID-19 curbs in the world’s…
Stocks typically rally in December, investors have some caution this year
By David Randall NEW YORK (Reuters) – Investors hoping for the year-end to bring stock market gains after a punishing year have history on their side as U.S. equities traditionally rally during…
U.S. crude inventories fall as fuel stocks build on strong refining activity
By David Gaffen (Reuters) – U.S. crude stockpiles fell while gasoline and distillate inventories both rose substantially last week as refiners ramped up production, alleviating a bit of concern about market tightness,…
U.S. crude oil stocks in SPR fall to lowest level since March 1984 – EIA
(Reuters) – U.S. crude oil stocks in the Strategic Petroleum Reserve fell by 1.6 million barrels in the latest week to 390.5 million barrels, the lowest level since March 1984, the Energy…
Marketmind: Stocks ‘n’ bonds – who to believe?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A U.S. or global recession in 2023 may not be most people’s base case forecast,…
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