JPMorgan analysts have reiterated their cautious stance on U.S. equities, warning investors to remain cautious despite the recent multi-week highs of the S&P 500. The benchmark U.S. stock market index is up 7.4% year-to-date, despite a variety of challenges including a rising rate environment, a major banking crisis, an oil.
The US Dollar (USD) has faced selling pressure in the early European morning on Tuesday. Although the market is pricing in a nearly 60% probability of the US Federal Reserve (Fed) raising its policy rate by 25 basis points (bps) in May, the currency is finding it hard to gather.
The pound rose to a new 10-month high against the dollar on Tuesday, and the euro reached its highest in two months, as the greenback continued to be hurt by market bets that the end of the U.S. rate-hiking cycle is near. Market experts have predicted that the US Federal.
Introduction Baghdad has recently entered into an agreement with TotalEnergies, a French multinational energy company, to acquire a 30% stake in its $27 billion Iraq project. This project includes the development of four oil, gas, and renewable projects in southern Iraq over 25 years. In this article, we will discuss.
Virgin Orbit Holdings, a satellite launch company owned by billionaire entrepreneur Richard Branson, has filed for Chapter 11 bankruptcy after failing to secure the necessary long-term funding to recover from a rocket launch failure earlier this year. The company, based in Long Beach, California, lodged the filing in the U.S..
The United States and the European Union have pledged to confront any attempts to destabilize global energy markets following Russia’s invasion of Ukraine. The commitment was made during a meeting held in Brussels, where officials discussed the impact of the invasion on the energy markets. Since the invasion, Russia has.
Introduction TD Bank Group’s planned $13.4 billion acquisition of First Horizon, a regional lender in the United States, is facing opposition from some small shareholders. They argue that the current regional banking crisis has revealed unknown risks that could make the acquisition a bad deal for TD Bank. This article.
What is the Inflation Reduction Act? The Inflation Reduction Act (IRA) was passed by Democrats last year as part of a broader economic relief package. The legislation extended a 30% tax credit for wind, solar, and other green energy projects, while also providing an additional 10% boost to those investing.
Introduction U.S. stocks are expected to open slightly higher on Tuesday, as investors continue to navigate a complex economic landscape marked by rising oil prices and concerns over slowing growth. Despite these challenges, the stock market remains resilient, driven in large part by a robust technology sector and strong corporate.
Canadian businesses are forecasting a milder recession in 2023, according to the Bank of Canada’s first-quarter survey. The report revealed that approximately half of the respondents expect a mild recession over the next year. This is lower than the two-thirds of respondents who expressed concerns in the previous quarter. The.
Mexico’s economy has been facing challenges due to the ongoing COVID-19 pandemic, political instability, and other economic factors. One of the most pressing concerns has been inflation, which has been on the rise for several months. According to a Reuters poll, Mexico’s annual inflation is expected to have slowed for.
Introduction The US dollar fell on Monday after earlier gains, following the announcement of unexpected oil output cuts from OPEC+. The move came as investors focused on diverging central bank policies, with the Federal Reserve widely viewed as nearing the end of its rate-hike cycle. The Impact of OPEC+ Oil.