Advertisement
Bloomberg
China’s $5 Trillion Rout Creates Historic Gap With Indian Stocks
(Bloomberg) — The relentless plunge in China’s stocks has burnished the appeal of their biggest emerging-market rival India, spurring a divergence that’s rarely been seen before. Most Read from BloombergGazprom Halts Gas Supplies to Italy in Latest Energy BattleGet Ready for Another Bear-Market Rally, Strategist Emanuel SaysIndonesia Soccer Stampede Kills 131 as Use of Tear Gas QueriedOPEC+ Will Consider Output Cut of More Than 1 Million BarrelsUkraine Latest: US Sees Russia Pullout From Lyman
TipRanks
‘Stocks Are Looking Increasingly Cheap,’ Says J.P. Morgan; Here Are 2 Names to Consider
The stock market is often a game in reverse psychology. That is, when the mood gets too euphoric, it’s often a sign it is time to sell. Likewise, when sentiment hits the skids, that could be the ultimate signal the time is right to load up the truck. And on that subject, J.P. Morgan’s Marko Kolanovic thinks we are at – or at least near – the bottom. The firm’s global market strategist believes the Fed’s hawkish stance has left stocks “very oversold,” and while inflation remains persistently high
Bloomberg
Get Ready for Another Bear-Market Rally, Strategist Emanuel Says
(Bloomberg) — A crisis of confidence in the outlook for the UK’s finances was the latest trigger for risk aversion, helping drag the S&P 500 Index to an almost two-year low. Yet with investor sentiment in the gutter and the Bank of England vowing to open the checkbook to prop up its bond market, could another equities bear-market rally be in the cards?Most Read from BloombergGazprom Halts Gas Supplies to Italy in Latest Energy BattleGet Ready for Another Bear-Market Rally, Strategist Emanuel Sa
Yahoo Finance
There’s more upside than downside for long-term investors
Last week, stocks tumbled to their lowest level since November 2020. The S&P 500 fell 2.9% to close the week at 3,585.62. The index is now down 25.2% from its January 3 closing high of 4,796.56.
Miami Herald
Federal Reserve’s fortitude to be tested in months ahead. Next key data comes Friday
The Federal Reserve building in Washington, D.C., is encased in rock. It’s Creole marble from Georgia. The stone is considered relatively soft, which makes it easier to cut. The marble strikes a majestic image of stability and resoluteness just blocks from the Potomac River.
Bloomberg
US Jobs at Cruising Speed May Keep Up Pressure on Fed: Eco Week
(Bloomberg) — Friday’s US jobs report is projected to show a labor market at cruising speed in September, with more moderate but still-healthy payrolls growth that’s likely to keep the Federal Reserve pumping hard on the monetary-policy brakes.Most Read from BloombergGazprom Halts Gas Supplies to Italy in Latest Energy BattleGet Ready for Another Bear-Market Rally, Strategist Emanuel SaysIndonesia Soccer Stampede Kills 131 as Use of Tear Gas QueriedOPEC+ Will Consider Output Cut of More Than 1
Motley Fool
3 Reasons Surging Interest Rates May Represent Good News for Home Buyers
If you’re worried about being priced out of the housing market, I’ve been where you are. As someone who shopped for her first home when mortgage rates hovered around 18% and inflation stood at 13.50%, I feel your pain. It’s frustrating, especially when you know of friends and family who scooped up a mortgage rate under 3%.
Reuters
U.S. senator backs extending Boeing 737 MAX approval deadline
The top Republican on the Senate Commerce Committee has proposed extending the deadline for Boeing to win approval for two new variants of the 737 MAX until September 2024. Boeing faces a December deadline to win approval from the Federal Aviation Administration (FAA) of the 737 MAX 7 and 10 variants, or it must meet new modern cockpit-alerting requirements that could significantly delay the planes entry into service. Boeing shares fell 3.4% on Friday.
Reuters
Germany’s RWE buys Con Edison clean energy in $6.8 billion U.S. shift
FRANKFURT (Reuters) -Germany’s largest power producer RWE has agreed to buy Con Edison’s Clean Energy Businesses for $6.8 billion, nearly doubling RWE’s renewables portfolio in the United States, the world’s second-biggest renewables market. The purchase will be partly funded by RWE issuing a $2.43 billion convertible bond to a Qatar Investment Authority unit, through which the QIA will become a 9.1% shareholder in RWE.
The Wall Street Journal
Iran Protesters Circumvent Internet Disruptions
They are finding new ways to challenge the Islamic Republic after the government imposed sweeping disruptions to the internet that have affected the movement’s ability to use social media to spread its message.
