Next big shoe to drop in financial markets: Inflation that fails to respond to Fed rate hikes

Traders, investors and strategists are adding one more factor to the list of reasons why financial markets may be more than volatile through the next three to four months: . Wednesday’s price action reflected the continued anxiety gripping stock market, with all three major indexes sporting sharp losses. The Dow Jones Industrial Average DJIA, -3.48% … Read more

US COVID cases at the highest levels since November, while the Northeast and Midwest are above delta peak

COVID cases continued to rise across the US on Monday and were trending at the highest levels seen since late November around the time that South African scientists first identified the highly transmissible omicron variant which quickly became dominant around the world. Sine then, the BA.2 variant of omicron, and two other subvariants named BA.2.12 … Read more

Opinion: Keep calm – there’s no recession on the way. These 13 stocks may rise as investors figure this out

A so-called hard landing of the US economy is not going to happen. It’s a false fear. We may have a bumpy landing, but the odds of hard landing – a possible recession – are the reasons for the low. If I am right, it confirms what the most negative sentiment is already telling us: … Read more

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel

Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israel startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel

Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israel startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more

Ships Carrying Russian Oil for EU Considers Insurance Ban

EU officials have proposed a ban on insured ships that carry Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenues that have fueled its military invasion of Ukraine. “In effect, it would be a very strong hindrance to export Russian crude,” said Lars Barstad, chief executive of Frontline … Read more

Fed, Lower-Income Areas for Biden Administration Float New Lending Rules

WASHINGTON — Top US banking regulators are poised to overhaul how banks leverage billions of dollars annually in low-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal for the Modernize Rules of the 1977 Community Reinvestment Act is set to be aimed at ensuring that lower-income individuals … Read more

Fed Raises Interest Rate By Half Point, Ratcheting Up Its Inflation Fight

The Federal Reserve has approved a rare half-percentage-point interest rate increase and plans to shrink its $ 9 trillion asset portfolio to a double-barreled effort in the next month. The moves, after a two-day policy meeting Wednesday, will raise the central bank’s benchmark federal-funds rate to a target range of between 0.75% and 1%. Together, … Read more

The Postpandemic Normal Is Here And It Is Not That Special

There are higher inflation and interest rates than the stock market’s downdraft. This is also a sign that the economy has arrived at a new postpandemic normal — and it is not as lucrative as investors have hoped. The Pandemic Catalyzed a once-in-a-generation change in consumer, worker and company behavior: From a shift to remote … Read more

Opinion: Big-tech earnings have been a disappointment. The more resilient companies have one thing in common

Last week’s slate of big-tech earnings coincided with a massive spike in volatility that ended with a stock market selloff as buyers were nowhere to be found. While the market’s capitulation has been steadily increasing since the beginning of the Thanksgiving holiday, Big Tech has held up a number of top tech and growth companies. … Read more