Morgan Stanley’s profit slumped 30 percent on Thursday, falling short of analysts’ estimates for the first time in nine quarters, as its investment banking business struggled to cope with a slump in global dealmaking. Revenue from investment banking plunged 55 percent in the second quarter, mirroring a similar drop at its larger Wall Street rival…
When Will Inflation End?
Commentary When will inflation cool down and prices return to normal? Certainly not in the near term. According to the most recent CPI numbers released from the Bureau of Labor Statistics, CNBC reported on July 13th: “Energy prices surged 7.5 percent on the month and were up 41.6 percent on a 12-month basis. The food…
China’s Stars Dim for Investors
Commentary By strangling the Chinese economy and crushing human rights, President Xi Jinping is rapidly turning China into a bad gamble for Western investors and multinational corporations. China’s dictator has run into increasing, if carefully expressed, criticism from top-profile figures within the Chinese Communist Party (CCP)—including Premier Li Keqiang—over Xi’s ideological struggle to promote state capitalism alongside his…
A Guide to Hedging for the Amateur Investor–Part II
Commentary I’ve been seeing a lot of important questions recently from amateur investors regarding some of the more advanced topics in the investing world. Many people have been taught about things like diversification and dollar cost averaging, but don’t really understand concepts like hedging, offsetting different kinds of risk, or shorting stocks. In my first…
Fintech Startup Klarna Faces Pressure as Consumers Take Micro-Loans to Pay for Necessities
A Swedish fintech company with a novel premise is facing complications as a wave of consumers taking micro-loans to pay for necessities such as rent and groceries threatens the company’s business model. Klarna Bank AB, the above-mentioned fintech company, has seen a rapid drop in its valuation after a disappointing round of financing drew in…
In Senate, a Clash on What’s Causing Energy Prices to Spike
Senators on the Energy and Natural Resources Committee’s Energy Subcommittee heard testimony July 13 on the drivers of high energy prices, a key issue for Americans across the country as inflation rages and November midterms loom closer. In May of this year, Rasmussen Reports found that 82 percent of likely voters in the United States…
US Retailers Falter in China Amid Lockdowns, Weak Economy, Nationalism
News Analysis U.S. retailers in China have been hit hard by COVID-19 lockdowns, a weakening economy, and increased nationalism. Amazon Kindle is exiting the China market, as are Airbnb and Yahoo. Fifty-three percent of companies responding to a U.S. Chamber of Commerce survey said they would decrease their China exposure if COVID lockdowns persist. The chamber’s…
70 Percent of Americans Believe Recession Is Coming and Most Aren’t Ready: Poll
A new poll shows that 70 percent of Americans believe a recession is coming and around two-thirds of those say they’re not financially prepared to face one down. The survey, carried out by MagnifyMoney on a sample of 2,082 respondents, shows Americans are pessimistic about their odds of dodging a recession. Just 6 percent believe…
Markets Brace for Inflation Report, Analysts Predict Biggest Price Jump in 41 Years
Markets are bracing for the release of government data on inflation on Wednesday, with analysts predicting prices grew 8.8 percent in June, outpacing the prior month’s pace, putting the Fed on track to maintain its path of aggressive rate hikes. Analysts at a number of Wall Street banks and other financial institutions have issued forecasts…
America’s Energy Independence
Commentary The United States is a big country with lots and lots of natural resources, but our energy independence is complicated. For instance, with oil, it was a much different story 140 years ago. Official numbers vary, but in 1880 the United States was responsible for 85–95 percent of world oil production and refining. John…
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