Morgan Stanley overweight Chinese stocks Morgan Stanley strategists raised its recommendation for Chinese stocks to overweight, according to a Sunday note. The upgrade marks the end of the company’s equal weight position in Chinese stocks that it has held for nearly two years, strategists led by Laura Wang said. Morgan Stanley noted that several factors …
Hong Kong shares jump 3% as China relaxes some virus rules Read More »
“Nothing goes wrong in a straight line.” This is how functional markets adapt to a new reality: higher inflation, rates. By Wolf Richter for WOLF STREET. There was a lot of talk and hesitation and the Fed kingpin fantasized about the 10-year Treasury yield falling from 4.25% at the end of October to 3.51% at …
Cleo Capital Managing Director Sarah Kunst joins “Making Money with Charles Payne” and reveals why she isn’t bullish on Meta. Today’s music industry will sound as old-fashioned as a cassette tape once the Metaverse can take full advantage of 5G technology, says a music industry lawyer. Aarash Darroodi, executive vice president and general counsel of …
‘Bolognaise’ with Mushrooms and Lentils Active time:40 minutes Total time:1 hour Servings:6 Active time:40 minutes Total time:1 hour Servings:6 Comment this story Comment I’m generally not one to use quotes in recipe names, especially when it comes to plant-based versions of meat dishes. You know, “chicken” fried sandwiches when the “chicken” is actually oyster mushrooms, …
This vegan ‘bolognese’ offers a satisfying, spicy and rich flavor Read More »
(Bloomberg) – Central banks in emerging markets face a catch-22 where falling economic growth means they can’t maintain tight monetary conditions, but high inflation doesn’t allow them to stop either. rate hikes. Bloomberg’s Most Read The result is a growing risk of monetary policy error. Countries from Poland to Colombia, India to South Korea are …
Emerging markets face the risk of policy error amid conflicting priorities Read More »
This post was originally posted on TKer.co It’s that time of year when top Wall Street strategists tell clients where they see the stock market heading in the coming year. Typically, the group’s average forecast is for the S&P 500 to rise by around 10%, which is in line with historical averages. This time the …
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN Business — The collapse of FTX has sent the price of bitcoin and other cryptocurrencies plummeting by more than 60% this year…and the carnage has spread to publicly traded companies …
Is the worst over for bitcoin and the rest of crypto? | CNN Business Read More »
New York CNN Business — There’s at least one group of shoppers who are enthusiastically hitting the malls this holiday season — and they don’t seem too bothered by the pesky inflation eating away at their discretionary dollars. They’re Gen Z. And how they buy matters. This cohort of consumers born between 1997 and 2012 …
If you grew up in the suburbs of the Bay Area in the 1990s, you probably remember Fresh Choice. I do. It was my favorite restaurant in the world. For much of my childhood, it was my go-to birthday dinner. Fairfield didn’t have many places that felt opulent, but when I walked into Fresh Choice …
Remembering the fanciest buffet chain in suburban Bay Area Read More »
Tesla CEO and Twitter chief Elon Musk said former FTX CEO Sam Bankman-Fried (SBF) likely donated more than $1 billion to support the Democratic Party, which would be a much larger sum than the publicly disclosed number. Many people have criticized Musk for making accusations without providing evidence. “This statement is incredibly irresponsible,” one commented. …
