China Covid protests sent global stocks lower as strategists see continued turmoil

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, November 9, 2022. Michael Nagel | bloomberg | Getty Images Global stocks fell on Monday after a scarce Protests broke out across China over the weekend amid growing unrest over the country’s Covid-free policy. Clear relief Earlier … Read more

Strong chip US export restrictions to China are hurting now, but should prove bullish over the long term

It is understandable why the United States felt the need to act quickly to get powerful semiconductors out of the hands of the Chinese government. Better to move from a position of strength before it’s too late. However, as shareholders of chip stocks, this still hurts. As you may recall, the Nvidia Club (NVDA) was … Read more

The global stock market rally may be about to face the reality of recession

Professional traders work inside a site on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan McDiarmid | Reuters Global stock markets have rebounded on hopes that central banks will soon start slowing their aggressive rate hikes as inflation shows signs of peaking, but strategists are not … Read more

European markets open for closing, earnings, data and news

Expect the unexpected with gas prices, says EDP . CEO We should “expect the unexpected” when it comes to gas prices according to Miguel Stiluel Dandrade, CEO of Portuguese electric utility company EDP. Stilwell d’Andrade made the comments on CNBC’s “Squawk Box Europe” while discussing third-quarter results from the EDP and the turbulent energy market. … Read more

European markets open for closing, earnings, data and news

Credit Suisse stock tank Credit Suisse shares fell more than 14% in European morning trade. Here’s how they’ve performed over the past five days: Credit Suisse shares fall 14% after heavy losses and an overhaul of the business Credit Suisse Shares fell more than 14% to the bottom of the Stoxx 600 by mid-morning trading … Read more

Confessions of a Personal Finance Reporter (Part Two): 3 Financial Mistakes

Sarah O’Brien works hard and writes about personal finance. Salvatore Agostino One of the best benefits of being a personal financial reporter is my keen ability to recognize many of the financial mistakes I’ve made in my life. I have already revealed Few in the first iteration of this confession two years ago. While some … Read more

What does BNY Mellon’s launch of a digital asset incubator mean for the crypto market

The cryptocurrency industry this week removed a formidable hurdle to attract large investors after BNY Mellon said it was officially holding crypto assets in its custody of institutions. If the current market and regulatory environment are not so bad, a wave of new investors may now flock to the cryptocurrency market. However, when things improve, … Read more

In this turbulent market, opportunities are everywhere

In this turbulent market, opportunities abound, according to Mary Callahan Erdos of JPMorgan. Stocks have been trading in a bear market this year as investors deal with inflation, Federal Reserve Raising interest rates and talking about a possible recession. on Wednesday, and Standard & Poor’s 500 It rebounded after hitting a new year low in … Read more