An upstart hedge fund achieved a whopping 163% return last year by betting Fed rate hikes would cause economic chaos, according to a report Wednesday. Investment manager Neal Berger’s Contrarian Macro Fund, which controls about $200 million in assets, placed bearish bets on stocks and bonds that grew bloated by overzealous investments during a period...Read More

U.S. manufacturing contracts, prices decline in Dec -ISM China COVID data shows under-reported deaths, WHO says NEW YORK, Jan 4 (Reuters) – Oil fell by more than $3 a barrel on Wednesday after slumping in the previous session, weighed down by demand concerns stemming from the state of the global economy and rising COVID cases...Read More

(Bloomberg) — Most Read from Bloomberg Dubai set out a 32 trillion-dirham ($8.7 trillion) economic plan on Wednesday that includes doubling foreign trade and investment over the next decade to boost its standing as a global financial hub. The emirate, part of the United Arab Emirates’ federation, is the Middle East’s business and finance center....Read More

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open higher against the dollar on Wednesday after oil prices plunged by the most in three months on concerns over demand. The rupee is likely to open at 82.80-82.82, compared with 82.88 in the previous session. On the interbank order matching system, the...Read More

Bloomberg Balance of Power, where the world of politics meets the world of business. David Westin speaks with experts from Bloomberg News, Bloomberg Government, Bloomberg Tax and Bloomberg Law about how lawmakers, government officials, and business leaders impact business and American policies at home and abroad. Read more…Read More

Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia’s invasion of Ukraine in February ramped up inflation. Significant rises in the cost of vital items such as...Read More

Chinese equities overcame early volatility to advance on the first day of the new year as optimism grew that Covid infections may have peaked in some parts of the nation. The Hang Seng China Enterprises Index, which tracks Chinese firms listed in Hong Kong, was up 2.2% as of 2:15 p.m. local time — heading...Read More

PONCE DE LEON, Fla. (Holmes County Advertiser) — Residents of Ponce de Leon are giving an Alabama-based developer pushback on plans to construct a dollar store right across the road from the existing Dollar General. The town of Ponce de Leon seems poised for growth with access to Interstate 10, a rest area, a handful...Read More

Investors should brace for another turbulent year in the financial markets, economists have warned as central banks fight inflation, China reopens its economy after Covid-19 restrictions and the Ukraine war pushes the global economy towards recession. The first half of the new year is likely to be choppy, according to Wall Street predictions, after global...Read More

Third of world in recession this year, IMF head warns  BBC Read more…Read More