30 November 2022
Chicago 12, Melborne City, USA
Business

Stephen Roach says stagflation is coming and markets still have room to fall

Stephen Roach says stagflation is coming and markets still have room to fall | Fortune You need to enable JavaScript to view this site.

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Global stocks rally after China unveils new stimulus measures

Global stocks rallied at the end of a turbulent week after China unveiled fresh stimulus measures to fight a growth slowdown in the world’s biggest emerging market. Wall Street’s benchmark S&P 500 share index rose 1 per cent in morning trading and the technology-heavy Nasdaq Composite climbed 1.2 per cent. Europe’s regional Stoxx 600 share […]

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Ukraine’s Donbas ‘destroyed’ as Russian artillery and aircraft step up strikes By Reuters

6/6 © Reuters. View of the rubble after a building was hit by what was reported to be an air strike, during Russia’s invasion of Ukraine, in Bakhmut, Donetsk Region, Ukraine, in this handout picture released May 19, 2022. State Emergency Service of Ukraine/Handout via 2/6 By Natalia Zinets KYIV, Ukraine (Reuters) – Russian forces […]

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Friday's economic calendar

Friday's economic calendar

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Business

Stock futures rise slightly, with the S&P 500 on edge of bear market

U.S. stock futures rose slightly Thursday night, as traders watched to see if the S&P 500 will tumble into bear market territory. S&P 500 futures traded 0.1% higher, while Nasdaq 100 futures gained 0.3%. Futures tied to the Dow Jones Industrial Average advanced 34 points, or 0.1%. Those moves came after another downbeat day on […]

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Inventing Anna got it right: Anna Delvey did in fact know Billy McFarland and Martin Shkreli.

Inventing Anna got it right: Anna Delvey did in fact know Billy McFarland and Martin Shkreli. | Fortune You need to enable JavaScript to view this site.

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ECB to target ‘empty shell’ operations at big investment banks

The European Central Bank has warned the biggest Wall Street and City of London investment banks that it has lost patience with their use of “empty shell” EU trading desks since Brexit and plans to force them to shift more resources. The move ramps up the ECB’s long-running push for big investment banks based outside […]

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Two major banks expect more pain for U.S. equities By Reuters

© Reuters. FILE PHOTO – Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 18, 2022. REUTERS/Andrew Kelly By Saikat Chatterjee LONDON (Reuters) – Two major banks expect more pain for the U.S. stock markets after benchmark indexes posted on Wednesday their worst one-day […]

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Whistleblower wins 2015 lawsuit against Axos Financial, formerly Bank of Internet

Thomas De Wever/iStock Editorial via Getty Images A whistleblower won a lawsuit against Axos Financial (NYSE:AX), formerly, known as Bank of Internet or BOFI, over allegations he made in a 2015 lawsuit. Charles Matthew Erhart was awarded $1 million in damages plus an additional $500,000 for defamation, according to a copy of the jury verdict […]

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Elon Musk says he’ll vote Republican, bashes Democrats

Trump advisor Steve Bannon (L) watches as President Donald Trump greets Elon Musk, SpaceX and Tesla CEO, before a policy and strategy forum with executives in the State Dining Room of the White House February 3, 2017 in Washington, DC. Brendan Smialowski | AFP | Getty Images Elon Musk said twice this week that he […]

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