Tag: stocks

Dollar Gains Fizzle Out as Traders Reassess Risks From Poland

TOKYO/LONDON—The dollar on Wednesday traded just above multi-month lows against most majors as flows that had supported the safe-haven currency slowed after Joe Biden said a missile that caused an explosion in Poland may not have been fired from Russia. NATO-member Poland and Ukraine said on Tuesday the blast that killed two on the Polish…


Oil Prices Up After Incident Involving Vessel Off Oman Coast

LONDON—Oil prices rose on Wednesday, erasing earlier losses, after an incident involving a commercial vessel off the coast of Oman, but rising COVID-19 cases in China capped gains. Brent crude futures gained 65 cents, or 0.7 percent, to $94.51 a barrel by 0854 GMT, and U.S. West Texas Intermediate (WTI) crude futures rose 35 cents,…


Stocks Pare Losses, Dollar Falls After Biden Defuses Tensions Over Poland Blast

LONDON—Global stocks pared losses and the dollar fell on Wednesday after U.S. President Joe Biden told G7 and NATO partners that a missile blast in Poland was caused by a Ukrainian defense missile, dispelling fears that it originated from Russia. Initial relief among investors was enough to encourage some flows back into equities and commodities,…


Stocks Rise on Cooling Inflation Data After Up-and-Down Day

NEW YORK—Stocks rose on Wall Street Tuesday following more signs the nation’s punishingly high inflation may be falling off faster than expected. The S&P 500 climbed 0.9 percent, or 34.48 points, to 3,991.73, though it went on another unsettling ride to get there. A flare-up of worries about the war in Ukraine caused a brief…


ESG Warps Capitalism to Force ‘Globalist Agenda’: Utah Treasurer

In a Nov. 14 interview, Utah’s treasurer Marlo Oaks told The Epoch Times that environmental, social, and corporate governance (ESG) criteria are being used as a political tool, spurring a response from Utah and various other states worried about its consequences. Oaks and a number of other Republican state treasurers had gathered for the national…


Euro, Sterling, Swedish Crown Surge Amid Slew of Data, German ZEW

LONDON—The euro, sterling, and Swedish crown rose against the U.S. dollar on Tuesday as traders assessed a slew of economic data, including UK and eurozone job figures plus German economic sentiment. Sterling rose 0.6 percent to $1.1830, trading not far from a 2–1/2-month top at $1.1855 from Friday ahead of a tough government budget plan…


Oil Falls by Over $1 a Barrel on Chinese Demand Concerns

LONDON—Oil prices fell by more than $1 a barrel on Tuesday as rising COVID-19 cases in China renewed fears of lower fuel consumption from the world’s top crude importer. Brent crude futures fell $1.07, or 1.15 percent, to $92.07 a barrel by 1005 GMT after settling 3 percent lower on Monday. U.S. West Texas Intermediate…


Global Stocks Higher After US, Chinese Presidents Meet

BEIJING—Global stocks gained Tuesday after Wall Street gave back some of last week’s huge gains, the American and Chinese presidents met and China’s consumer spending shrank in a sign its economy is weakening. Frankfurt, Shanghai, Tokyo, and Hong Kong advanced, London was little changed while oil prices declined. Wall Street futures were higher, suggesting the…


ESG Endangering America’s Farms and Your Food: State Treasurers

The latest threat to farming can be identified in three familiar letters. State treasurers at the State Financial Officers Foundation (SFOF) told The Epoch Times on Nov. 14 that the United States’ agricultural base could be jeopardized by the top-down push for environmental, social, and corporate governance (ESG) scoring. “It’s a real threat,” Nebraska State…


Investing: Don’t Give up on Developing Markets

By James K. Glassman From Kiplinger’s Personal Finance Most investors today worry about inflation and the response to it from the Federal Reserve, but it’s time for a longer view. If you’re buying stocks for gains over the next 10 years or more, you need to imagine the contours of the future. A July report…