Oil Prices Could Rise After Latest EU Sanctions on Russia

The European Union’s ban on seaborne imports of Russian oil, along with the Group of Seven’s plan to cap prices of oil from Russia early next month won’t guarantee that prices for the commodity will see a lasting rally, or that supplies will tighten further in the days ahead. “In isolation, the sanctions on Russia … Read more

Fed Approves Fourth 0.75-Point Rate Rise, Hints at Smaller Hikes

Economy U.S. Economy Officials signal a possible slowdown in the pace of rate rises by acknowledging how increases influence the economy with a lag

IRS releases new federal tax brackets and standard deductions. Here’s how they affect your family’s tax bill.

America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments from the Internal Revenue Service. It’s also going to pump up tax brackets by 7% as well, according to the annual inflation adjustments the IRS … Read more

Opinion: Elon Musk pumps Tesla stock with ridiculous $4 trillion target. Is a dump coming next?

Another Tesla Inc. earnings call, and another fanciful Elon Musk prediction that likely encouraged yet another open file at the Securities and Exchange Commission on Wednesday. The chief executive of Tesla Inc. TSLA, +0.84% told investors Wednesday that he believes the valuation of the electric-car maker will exceed the combined market capitalization of the two … Read more

City executives say they’re warming to ‘now electable’ Labour

Three years ago, the prospects of a Labour government in Downing Street filled many City executives with terror. Jeremy Corbyn’s policies were seen at the time as radical and anti-business. Now things couldn’t be more different. Prime Minister Liz Truss’ mini-budget, where the political party typically seen as most cozy with Square Mile executives instead rocked Britain’s economic outlook … Read more

Brazil’s Election Is Almost Here. Get Ready to Buy Petrobras Stock.

Chocolate and peanut butter go together; falling oil prices and Brazilian political uncertainty most certainly do not. Yet Petrobras stock may still be worth buying. Yes, that sounds like a terrible idea, at least at first glance. Petróleo Brasileiro, or Petrobras (ticker: PBR), as it is more commonly known, is the Brazilian national oil company, … Read more

There’s only one ‘perfect asset’ to fight all the bad news that could be coming, says this strategist

Ahead of that, stock futures are falling after Ford warned on high supply costs, on the heels of FedEx’s FDX, +1.17% profit caution last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation, alongside a brutal war in Europe. … Read more

City enjoys love-bombing from Truss, but can she deliver?

Ever since the global financial crisis, City bosses have complained that politicians don’t give financial services enough love. The attitude to one of the UK’s few world-leading industries has been at best lukewarm, they moaned. Well, they can hardly lay that charge against the new prime minister. Liz Truss is surely the only world leader who … Read more

A strong market rally could be just weeks away if the U.S. midterm elections can put anxious stock investors at ease

If the U.S. midterm election cycle this year is like past ones, the stock market will carve out an important low right around Election Day in November. That should give some hope to beleaguered investors whose stock holdings have suffered double-digit losses so far this year. A meaningful rally could be just a few weeks … Read more

Nvidia stock fall after U.S. moves to restrict its data-center sales in China

Nvidia Corp. shares fell in extended trading Wednesday after the graphics-chip specialist disclosed that the U.S. government is seeking to restrict its data-center business in China. In a filing with the Securities and Exchange Commission, Nvidia NVDA, -2.42% revealed that the U.S. has installed new license requirements for its A100 and forthcoming H100 integrated circuits … Read more