Risks for the U.S. dollar are mounting, leaving some market analysts determining if the greenback hegemony is coming to an end or merely facing hurdles that the currency will eventually overcome. For now, the consensus is that the dollar is still king, but multiple threats are forming that could undermine the buck’s dominance in global…
Here’s How Morgan Stanley Previews Apple Ahead of Q2
Morgan Stanley analyst Katy Huberty saw Apple Inc. iPhone 13 and Mac strength more than offset relative underperformance in iPad and Services, leading her to expect upside to the Street’s consensus March quarter (Q2) revenue forecast. Huberty also saw more cautious commentary on the June quarter (Q3) consensus of $86.7 billion, which appeared too high due to China’s COVID…
Britain Targets Moscow Stock Exchange in Bid to Curb Investment in Russia
British authorities plan to rescind the Moscow stock exchange’s status in the UK as a recognized exchange, in retaliation for Russia’s restrictions on foreign investors and in a bid to discourage investment in Russia amid the war in Ukraine. The move means that investors will not be able to access certain UK tax benefits when…
Oil Could Surge to $185 a Barrel If EU Bans Russian Crude: JPMorgan
Analysts at JPMorgan have warned that a full and immediate ban on Russian oil imports into the European Union could drive the price of crude up to $185 per barrel. Natasha Kaneva, Head of Global Commodities Strategy at JPMorgan, said in a note cited by Bloomberg that if the E.U. decides to expand its limited embargo…
Blackstone Buys Largest Student Housing Operator
The investment firm Blackstone has secured a deal to buy the largest student housing operator in the United States for $12.8 billion, in the company’s latest and most expensive of many acquisitions in residential properties. On Tuesday, representatives of Blackstone Inc. announced that the company had acquired American Campus Communities, the largest provider of student…
US Home Prices Rise in March, Building Permits Increase Due to Housing Shortage
Home construction in the United States rose in March 2022, but starts for single-family housing fell amid rising mortgage rates across the country, with residential construction marked by a severe shortage of houses. Housing starts—an indicator of the number of private homes in a given period of time on which construction has begun—increased by 0.3 percent…
Musk Says Twitter Board Will Be Paid Nothing If He Takes Over
Billionaire tech mogul Elon Musk said that, if his Twitter takeover attempt is successful, the company’s Board of Directors will go from being paid millions per year to zero. “Board salary will be $0 if my bid succeeds, so that’s ~$3 [million]/year saved right there,” Musk said in a tweet that was part of a thread…
Tesla Stock Split and More: What Retail Investors Want to Know From Elon Musk and Team on Wednesday’s Quarterly Call
Tesla, Inc., is scheduled to report its first-quarter earnings after the market close on Wednesday. Following the earnings release, the company’s management will host an earnings call at 5:30 p.m. ET on the same day. The quarter assumes importance because of the buzz surrounding it, especially in relation to the input price inflation set in motion…
Australia Should Be a Green Mining Superpower: Expert
Australia needs to start focusing on utilising its abundant natural advantages to take advantage of the global financial push for green energy, an expert has said. Director of Climate Energy Finance (CEF) Tim Buckley told The Epoch Times he believes that Australia has the potential to become a world leader in the green revolution that…
Ex-Fed Official Says Stimulus Spending Main Cause of Red-Hot Inflation, Not Supply-Side Bottlenecks
Former Federal Reserve Bank of Richmond President Jeffrey Lacker said that supply chain snarls were “more of a symptom than a cause” of surging inflation, with the key factor driving up prices being massive government spending on pandemic emergency programs that caused demand to balloon against a backdrop of squeezed supply. “Simple sayings are often…
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