The fastest inflation in decades and the resulting rush by central banks to raise interest rates are stoking recession fears in financial markets — worries that are being compounded by the impact of aggressive coronavirus lockdowns in China and the war in Ukraine. In the last week alone, the the U.S. and U.K. logged inflation …
Recession Risks Duel Resilience Hopes in Global Economy Outlook Read More »
Since cannabis remains illegal in much of the world, raising investment can be tricky. This week, guest writer Ken Parks takes a look at how one Luxembourg-based company with operations in Latin America is looking at a new method to solve this problem. Using blockchain in a quest for growth A fund that invests in …
Crypto Tokens Give Cannabis Fund a Shortcut to Raising Capital Read More »
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First American News LLC Raleigh, NC: Canadian businesses are facing unprecedented challenges meeting demand, along with elevated expectations for wages and inflation that will bolster bets for aggressive rate hikes from the Bank of Canada. The central bank’s quarterly survey of executives paints a picture of an economy still pressed up against its limits. Four-fifths …
Inflation Worries Deepen in Canada With Firms Facing Labor Woes Read More »
First American News LLC Raleigh, NC: Oil rallied back above $100 as the European Union said it was working on new Russian sanctions, while Saudi Arabia hiked its prices for Asian buyers further into record territory. West Texas Intermediate added as much as 4.5% to trade at $103.71 a barrel earlier on Monday. The European …
Oil Climbs Above $100 With EU Working on New Russia Sanctions Read More »
Many investors at wall street are worry that a recession is near. The price of crude was 100.78 as of Friday bringing the gas prices at an average of 4.59 a gallon Chicago Mayor Lori Lightfoot will dedicate $12.5 million of city and federal stimulus funds to help residents deal with surging gas prices. The …
U.S. Stock Markets Shake As the Price of Oil Continues to Climb Read More »
Bloomberg Subscription brings you the latest of today’s market news and stocks pick of the day. Bloomberg Live U.S. equity futures slipped Monday and stocks were steady as crude oil jumped and investors monitored diplomatic efforts to bring an end to Russia’s almost month-old war in Ukraine. Shares wavered in China and Hong Kong, while …
Bloomberg Markets Reflect On Stocks Pick of The Day Read More »
The New York Stock Exchange and the Nasdaq Stock Market halted trading of several U.S.-listed Russian stocks this morning in the wake of tough new sanctions imposed by Washington in response to the invasion of Ukraine. NYSE’s website said the exchange had halted the trading of Russian telecom operator Mobile TeleSystems PJSC, mining and steel …
U.S. stocks slid, oil prices jumped and Russian authorities scrambled to keep a grip on domestic markets, as investors rushed to adjust to geopolitical developments including new sanctions against Russia. The S&P 500 index dropped 1.3% in early Monday trading, while the tech-heavy Nasdaq Composite Index declined 0.8%. The Dow Jones Industrial Average fell more …
Stocks Open Lower, Oil Leaps as Ukraine Crisis Deepens Read More »
