China reopening fails to inspire

China reopening fails to inspire

My top 10 things to watch Wednesday, Dec. 7, 2022. 1. Does China’s Covid reopening mean nothing? US stock futures and oil prices go down anyway? This is so not in the playbook. I’ll discuss this morning and later on CNBC’s “Halftime Report.” Big back-to-back losses Monday and Tuesday for the S & P 500, … Read more

Latest news on Russia and the Ukraine war

Latest news on Russia and the Ukraine war

Russian ship shoots down drone over Black Sea, Sevastopol chief says Russian warships are seen ahead of the Navy Day parade in the Black Sea port of Sevastopol, Crimea July 23, 2021. Alexey Pavlishak | Reuters Russia’s fleet shot down a Ukrainian drone over the Black Sea, the Russian-installed governor of Sevastopol, the largest city … Read more

Cathie Wood says the Fed is making a serious mistake as bond market flashes worst signal since 1980s

Cathie Wood says the Fed is making a serious mistake as bond market flashes worst signal since 1980s

Ark Invest’s Cathie Wood called out the Federal Reserve again Wednesday, saying the central bank is making a policy mistake by aggressive rate hikes as deflation looms. The innovation investor pointed to the so-called yield-curve inversion. The yield curve inverts when shorter-term Treasury rates rise above longer-term yields. Many economists view the 2-year 10-year part … Read more

Rich Chinese keep spending while others cut back: McKinsey survey

Rich Chinese keep spending while others cut back: McKinsey survey

Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — Wealthier Chinese were more inclined to spend this year, while poorer people cut back on spending even more, McKinsey and Company found in a survey released Thursday. … Read more

Retail investors say stock market will bottom in 2023: Finimize survey

Retail investors say stock market will bottom in 2023: Finimize survey

A graph displaying the Apple stock price on a smartphone app. Jaap Arriens | Nurphoto | Getty Images LONDON — Retail investors haven’t been scared away by the comedown in stocks this year. In 2023, most individual investors plan to invest the same amount or more despite the cost-of-living crisis, according to a new survey … Read more

The stock market is trapped in a clear downtrend, and the situation could get worse

The stock market is trapped in a clear downtrend, and the situation could get worse

Stocks have lost short-term upside momentum, and now the market looks stuck in a longer-term downtrend with no end in sight. Many market strategists expect the S & P 500 will take aim at retesting the lows in the first quarter, as earnings look weaker, recession fears rise and the Federal Reserve keeps tightening policy. … Read more

Amazon, Google, Microsoft, Oracle get $9 trillion Pentagon cloud deal

Amazon, Google, Microsoft, Oracle get  trillion Pentagon cloud deal

The Pentagon building in Washington, DC Staff | AFP | Getty Images The Pentagon said Wednesday that Amazon, Google, Microsoft spirit Oracle received a cloud-computing contract that can reach as high as $9 billion total through 2028. The outcome of the Joint Warfighting Cloud Capability, or JWCC, effort is in line with the US Defense … Read more

Markets are bracing for a ‘Powell recession’ that could be coming soon

Markets are bracing for a ‘Powell recession’ that could be coming soon

Just in case there was any lingering doubt, the bond market is now pricing in the near certainty of a recession, induced by the Federal Reserve, that is already here or on the way shortly. The three-month Treasury yield now sits some 86 basis points ahead of the 10-year, a level not seen since at … Read more

Hong Kong stocks rise 2% after local media report that the city is considering dropping the outdoor mask rule

Hong Kong stocks rise 2% after local media report that the city is considering dropping the outdoor mask rule

Hong Kong mulls dropping outdoor mask rules: Report Fitch expects home prices in Australia and China to decline in 2023 Fitch Ratings expects home prices in Australia to see a significant drop of between 7% and 10% next year, it said in its latest outlook report. The agency also predicts that China’s home prices will … Read more