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Bloomberg
Oil Set for First Quarterly Drop Since 2020 as Macro Mood Sours
(Bloomberg) — Oil headed for its first quarterly loss in more than two years as escalating fears over a global economic slowdown and a stronger dollar overshadowed the prospect for tightening supply.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets WrapMarjorie Tayl
Bloomberg
China Shares Plunge to Lowest Valuation on Record in Hong Kong
(Bloomberg) — Grim milestones keep piling up for Chinese stocks listed in Hong Kong. Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets WrapMarjorie Taylor Greene’s Husband Files for Divorce After 27 YearsAs September draws to an end, the Hang Seng China Enterprises
MarketWatch
Market instability replaces inflation as the biggest risk, raising the chances of a pivot by the Federal Reserve
Market instability is the biggest risk to central banks globally, replacing inflation, owing to massive amounts of leverage. Market stability affords the Fed the space needed for the most aggressive rate-hiking campaign since the late 1970s. The BOE on Wednesday was forced to start buying bonds to solve a potential crisis with U.K. pension funds.
Yahoo Finance
2 parts of the sprawling Inflation Reduction Act are getting all the attention
The Inflation Reduction Act will send hundreds of billions towards efforts ranging from fighting climate change to reducing the deficit. But you wouldn’t know about all that by listening to Democratic and Republican lawmakers in recent weeks.
TipRanks
2 ‘Strong Buy’ Dividend Stocks Yielding at Least 8%
The sell-off is showing no signs of letting up, as the NASDAQ tumbled another 2.84% today, the S&P 500 has fallen 2.11%, and the Dow has shed just over 1.5%. It’s a rout, with the indexes testing new lows and moving deeper into the bear territory. The fall comes as investors are shifting sentiment on the Federal Reserve’s anti-inflationary moves. They are not exactly disapproving – but they are reconciling to the idea that we’re in for a hard landing, and that the Fed’s projected 4.6% peak inter
Bloomberg
Top Apple Executive Is Leaving After Making Crude Remarks in TikTok Video
(Bloomberg) — One of Apple Inc.’s most senior executives is leaving after he turned up in a viral video on TikTok making an off-color joke that he fondles “big-breasted women” for a living.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets WrapMarjorie Taylor Greene’
Reuters
Struggling Cineworld paints bleak picture for cinemas
(Reuters) -Britain’s Cineworld on Friday painted a bleak picture for cinema operators, forecasting admissions would remain below pre-pandemic levels in the next two years as the Regal chain owner tries to fix its finances under bankruptcy protection. The world’s second-largest movie theatre operator behind AMC Entertainment filed for U.S. bankruptcy earlier in September to try to restructure its debt and strengthen its balance sheet as low cinema attendance and a scarcity of blockbuster movies left a gaping hole in its finances. Third quarter admissions were below expectations but the release of big-budget movies like “Black Adam”, “Black Panther: Wakanda Forever” and “Avatar: The Way of Water” could boost admissions in the fourth quarter, Cineworld said.
TipRanks
Jim Cramer Says Buy These 2 High-Yield Dividend Stocks — Including One With 10% Yield
Wall Street is on a roller coaster again, as investors try to navigate the path between high inflation and the Fed’s aggressive interest rate hikes. The former is raging – whether you blame Russia or Biden, the fact of high inflation can no longer be avoided – while the latter is rising – but whether it is rising fast enough to blunt inflation is yet to be determined. Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, takes a hint from the bond market, where the US Treasury 2-year no
TipRanks
Blackrock Says These Are the Best Sectors to Invest in During Inflationary Times
Earlier this week, the Dow Jones joined the S&P 500 and the NASDAQ in bear market territory. It marks the first time this year that the Dow has dipped below a 20% loss from peak – but it also marks a turning point in investor sentiment. A mood of doom and gloom is setting in. A change in times and a change in mood requires a change in outlook, a shift in perspective, for investors to succeed. With all three main indexes so far down, it’s clear that the last year’s modes of trading aren’t going t
