Fed’s Barr: Concerned about the backlash of cryptocurrencies in the financial system

Nov 15 (Reuters) – Michael Barr, the Federal Reserve’s top financial regulator, said on Tuesday he was concerned about risks in the non-bank sector, including cryptocurrencies, for which the US central bank and other regulators have low visibility. “We are concerned about unknown risks in the nonbank sector,” Barr said in response to a question … Read more

Wall St Week Ahead The surge in US tech stocks leaves some investors doubtful that the rebound will last

NEW YORK, Nov 11 (Reuters) – Hopes that inflation is subsiding are fueling a surge in abused technology and megacaps, although some investors believe that still high valuations and doubts about companies’ earnings prospects may make a prolonged inversion is elusive. The tech-rich Nasdaq Composite Index (.IXIC) was up 8.1% this week, marking its largest … Read more

Colonna: Ukraine’s endgame could electrify world markets

LONDON, Nov 11 (Reuters) – Defusing this year’s biggest shock to the world economy could catalyze a rebound in global markets that many investors believe is lagging, but it could also raise other inconvenient puzzles. Rumors about some game ending in the 9-month Russian invasion of Ukraine – hints of anything from “talks about talks” … Read more

Analysis: Australia’s lopsided swap market creates pockets of price chaos

SINGAPORE / SYDNEY, Nov 8 (Reuters) – Volatility has exploded in a dark but important corner of Australia’s $ 113 billion a day interest rate derivatives market, with disruptions sweeping through fixed income products. Dealers say the typically stable market for trading fixed and floating rate payments has gone wild due to a combination of … Read more

Analysis: Prices on the run have Central Europe on the ropes

Region struggling with inflation rates close to 20% Polls show sustained high inflation expectations Various moves by the government undermine the tightening of the central bank Some economists argue that high inflation could be lasting BUDAPEST / WARSAW, Nov 7 (Reuters) – While inflation in Western Europe is expected to be largely quelled within a … Read more

Apple warns to hit iPhone shipments from China over COVID disruption

Apple expects lower shipments of the iPhone 14 Pro and Pro Max Apple says a Chinese plant operates at significantly reduced capacity Apple supplier Foxconn revises fourth quarter outlook to the downside TAIPEI, Nov 7 (Reuters) – Apple Inc (AAPL.O) expects shipments of lower-end high-end iPhone 14 models than previously anticipated following a significant production … Read more

Chinese equities earned trillions of dollars on hopes of a reopening, better ties to the US

Hang Seng rises to its best week since 2011 Technology, real estate stocks bring profits Yuan, commodities, China-sensitive luxury stocks rise SINGAPORE, Nov 4 (Reuters) – Chinese markets skyrocketed and the yuan soared on Friday, with about $ 1 trillion added to Chinese stock value this week, as rumors and news fueled hopes for double … Read more

US labor market stable despite strong interest rate hikes

Weekly claims for unemployment benefits drop from 1,000 to 217,000 Continuing claims increased from 47,000 to 1,485 million Productivity rebounds to 0.3% in the third quarter Activity in the service sector slows down in October WASHINGTON, Nov 3 (Reuters) – The number of Americans filing new jobless claims unexpectedly dropped last week, suggesting the labor … Read more

The Bank of England has been raising rates by most since 1989 even though a long recession looms

Central bank raises bank rate to 3% from 2.25% The BoE tells investors that their rate hike bets seem too big The pound falls nearly 2% against the US dollar The new forecasts show a recession that will last until 2024 The government is expected to finalize the tax plans on November 17 LONDON, Nov … Read more

Can you trust the label? Fast fashion increasingly under control on greenwashing

Laura McAndrews has seen and heard some things the fashion industry wouldn’t want the public to know. For many years his job has been to find factories to produce millions of garments for big American brands like The Gap and Anthropologie. He began to worry about the environmental impact of clothing just as these multinationals … Read more