Markets

European markets cautious after a choppy start to the week

European markets cautious after a choppy start to the week

Bank of England right to halt rate hikes as pound tumbles, says chief investment officer The UK central bank is unlikely to rush to raise interest rates, according to Julian Howard, chief investment officer of multi-asset solutions at GAM Investments, despite the pound falling. “I don’t think it’s the Bank of England’s job to support …

European markets cautious after a choppy start to the week Read More »

Flood of new electric cars in China cost 20% more to insure than gasoline cars

Flood of new electric cars in China cost 20% more to insure than gasoline cars

In China, new energy vehicles are usually given green license plates, which are often easier for residents to apply for than the blue license plate of a traditional gasoline-powered car. CGV | Visual Group China | Getty Images BEIJING — As Chinese companies produce new electric cars, local insurance companies believe they are more expensive …

Flood of new electric cars in China cost 20% more to insure than gasoline cars Read More »

What will happen to Bitcoin and Ethereum if traditional markets break down?

What will happen to Bitcoin and Ethereum if traditional markets break down?

Michael J. Burry, the financial wizard who was portrayed in the movie “The Big Short,” is known for predicting crises. For example, his investment fund made billions from the 2008 real estate crash, and Burry liquidated nearly his entire portfolio in Q2 2022. Since no one seems to know if traditional markets will rebound before …

What will happen to Bitcoin and Ethereum if traditional markets break down? Read More »

Morgan Stanley sees soaring dollar paving the way for 'something to break'

Morgan Stanley sees soaring dollar paving the way for ‘something to break’

The strength of the U.S. dollar sets the stage for a crisis, as well as an impending bottom in the stock market, according to Morgan Stanley. As the greenback hit 20-year highs against its overseas counterparts, stock markets that relied on cheap currencies fell. Fears are growing that dollar moves will put pressure on corporate …

Morgan Stanley sees soaring dollar paving the way for ‘something to break’ Read More »

Top Wall Street analysts name their best stock ideas to ride out market turmoil

Top Wall Street analysts name their best stock ideas to ride out market turmoil

Jim Umpleby, CEO of Caterpillar Inc. Adam Jeffrey | CNBC This year has already been difficult, and 2023 does not look much better, with economic growth expected by the Federal Reserve at only 1.2%. Given this bleak outlook, investors will need to choose carefully where to put their money to work. To pick the right …

Top Wall Street analysts name their best stock ideas to ride out market turmoil Read More »