Consumers are feeling the impact of high inflation. Prices in October were 7.7% higher than the year before, and though prices have dropped somewhat in recent months, inflation remains well above the Federal Reserve’s desired level of 2%. Worryingly, 77% of fund managers believe a recession is likely next year, according to a Bank of...Read More

KUALA LUMPUR, Dec 21 — The ringgit was almost flat against the US dollar in early trade today as investors remained on the sidelines, awaiting fresh leads to move the market. At 9.07am, the local note was traded at 4.4340/4385 against the greenback compared with 4.4315/4350 at the close on Tuesday. SPI Asset Management managing...Read More

New York CNN  —  One of Wall Street’s top executives is worried about a repeat of 2008. At least, partially. Mike Wilson, Morgan’s Stanley’s chief US equity strategist, says he isn’t concerned about a “systemic” financial crisis like the one that brought the economy to its knees 14 years ago. But Wilson is warning clients...Read More

A look at the day ahead in U.S. and global markets from Mike Dolan. Of all the financial surprises of 2022, the Bank of Japan’s decision to finally join its G7 peers in effectively tightening borrowing rates is up there with the shocks of the year – in its timing at least. In the last...Read More

Updated on December 20, 10:00 a.m. (GMT+8): Added photos, edited article. Tyson “TenZ” Ngo is one of the premier professional players in the competitive Valorant scene. The superstar player has drawn in FPS fans all over the world eager to watch his incredible aim that many try to emulate. TenZ shared a detailed guide for Valorant...Read More

US Dollar Talking Points: The US Dollar printed a doji last week after running into a key spot of support at 103.82, which was the 2017 high in DXY. EUR/USD started to test a key spot of support today, along with a similar observation in GBP/USD. Commodity currencies have been beset by weakness of late,...Read More

Reopening of Chinese economy buoys demand expectations Rising interest rates and recession fears weigh U.S. to begin purchases for strategic reserve LONDON, Dec 19 (Reuters) – Oil rose more than $1 a barrel on Monday, rebounding after a decline in the previous session, as optimism over the Chinese economy and a recovery in fuel demand...Read More

Nouriel Roubini is gloomy, and it’s not just that he arrived in London on a red-eye flight and couldn’t get a table at Nobu. It’s not even conventional economic worries. It’s everything: a confluence of problems, old and new. “I think that really the world is on a slow-motion train wreck. There are major new...Read More

Bennie Thompson and Liz Cheney, chair and vice-chair of the committee investigating the January 6 2021 attacks on the Capitol © AP We are well and truly into the holiday season with Christmas rounding out the next seven days. But there is still serious work to be done. Washington’s January 6 committee has named Wednesday...Read More

Recommended by Daniel Dubrovsky Get Your Free Top Trading Opportunities Forecast Market volatility remained the focus this past week. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 fell about 1.8%, 2.3% and 2.9%, respectively. Things were not looking much better in Europe. The DAX 40 and FTSE 100 sank roughly 3.3% and...Read More