Economic events

Editorial: Uncertainty in the markets is stressful.  Make these moves to be ready for whatever 2023 brings

Editorial: Uncertainty in the markets is stressful. Make these moves to be ready for whatever 2023 brings

Hilary Cladky | moment | Getty Images Before looking forward to 2023, we should take a moment to think about 2022. The following quote from Jason Zweig of The Wall Street Journal sums up this very difficult year for investors: “Investing is not a test of intelligence; it is a test of character.” In fact, …

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Asia-Pacific markets are falling as recession fears mount, and China vows to stabilize the economy

Asia-Pacific markets are falling as recession fears mount, and China vows to stabilize the economy

Oil futures rose on hopes of a recovery in demand in China Oil futures rose in Asian morning trade as optimism about China’s reopening leading to a recovery in demand outweighed recession fears. Brent crude futures rose 1.16% to $79.96 a barrel, while US Brent crude futures rose 1.18% to trade at $75.17 a barrel. …

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For most US companies, the new federal interest rate means that loans now start at over 10% interest.

For most US companies, the new federal interest rate means that loans now start at over 10% interest.

US Federal Reserve Chairman Jerome Powell holds a press conference after the Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022. Kevin Lamarck | Reuters With the Federal Reserve’s latest interest rate hike adding half a percentage point to the cost of debt capital and reaching …

For most US companies, the new federal interest rate means that loans now start at over 10% interest. Read More »

The Federal Reserve is about to raise interest rates for the last time this year.  Here's how it might affect you

The Federal Reserve is about to raise interest rates for the last time this year. Here’s how it might affect you

On Wednesday, the Federal Reserve is expected to raise interest rates for the seventh time this year to combat stubborn inflation. The US central bank is likely to agree to an increase of 0.5 percentage point, which is a more typical pace compared to the ultra-high 75 basis point moves at each of the past …

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Here are 4 financial moves you must make to prepare for financial success in 2023

Here are 4 financial moves you must make to prepare for financial success in 2023

As the end of the year approaches, it may be time to reevaluate your finances. This year was marked by record high inflation and multiple hikes in interest rates. As the Fed tries to rein in inflation by raising interest rates, there is a strong possibility that the economy will swing towards recession in the …

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South Africa's economy stands at a pivot point as prospects improve, but political and energy risks remain

South Africa’s economy stands at a pivot point as prospects improve, but political and energy risks remain

LONDON – South African President Cyril Ramaphosa speaks during a news conference in central London on November 24, 2022. Justin Tallis/AFP via Getty Images South Africa’s long-awaited economic reforms are beginning to improve the country’s outlook, but long-standing problems of political uncertainty and a failing power system remain significant risks. A reconstruction plan and economic …

South Africa’s economy stands at a pivot point as prospects improve, but political and energy risks remain Read More »

European stocks extend gains on hope of Fed slowdown;  US markets are closed

European stocks extend gains on hope of Fed slowdown; US markets are closed

Thursday, November 24, 202211:44 a.m. EST European markets record gains for the third session European markets closed higher for the third consecutive session Stokes 600 The index rose 0.5% on Thursday. The FTSE 100 was flat while France’s CAC 40 rose 0.4% and Germany’s DAX rose 0.8%. By sector, the gains were led by the …

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Hong Kong stocks led losses as coronavirus cases surged in China;  Asian markets are mixed

Hong Kong stocks led losses as coronavirus cases surged in China; Asian markets are mixed

Tuesday, November 22, 20222:01 a.m. EST JD.com shares plunge after the company cut senior management salaries Hong Kong shares listed JD.com It was trading down more than 5% in the afternoon after the company confirmed a pay cut for its senior management team. The Chinese e-commerce giant has confirmed that it will cut cash salaries …

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Markets are watching for more clues of Fed increases and the economy next week

Markets are watching for more clues of Fed increases and the economy next week

Investors may be a bit more cautious next week, as stocks seek direction in quiet trade and bond market warnings of a recession get louder. Stocks made modest gains on Friday, but were negative for the week. The market may be slow in the upcoming Thanksgiving holiday week, which is one of the quietest trading …

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