EU sanctions, Russian oil price cap cause tanker bottleneck as crude moves through Turkey
Tankers shipping Russian oil face new Turkish insurance rules and delays which will worsen with a ‘shadow fleet’ of Chinese and Indian refiners likely buyers.
One group of stocks is refusing to buckle even with a recession looming
A longer-term look at the equal-weighted consumer discretionary vs. energy stocks shows some convergence here as the consumer has refused to buckle.
‘There is a slowdown happening’ – Wells Fargo, BofA CEOs point to cooling consumer amid Fed hikes
The bank leaders are providing evidence that the Fed’s campaign to subdue inflation by raising borrowing costs is beginning to impact consumer behavior.
Cathie Wood says the Fed is making a serious mistake as bond market flashes worst signal since 1980s
“The bond market seems to be signaling that the Fed is making a serious mistake,” Wood said.
United Arab Emirates ranked as having the best passport in the world
The UAE has beaten the likes of Germany, Sweden, Finland and Luxembourg in the latest Passport Index ranking.
Some crypto backers are purposely taking a ‘very dangerous path,’ EU regulator says
The European Union has been stepping up rules in this space and has pushed for a global approach.
Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’
BlackRock CEO Larry Fink is facing calls to step down from activist investor Bluebell Capital over the company’s alleged “hypocrisy” in its ESG messaging.
Argentina’s VP Fernández guilty in $1B fraud, gets 6 years
Fernández lashed out at the verdict, describing herself as the victim of a “judicial mafia.”
Germany arrests 25 suspected of far-right plot to overthrow state
The suspects are accused of preparing to carry out actions based on their ideology, including by procuring equipment and holding shooting lessons.
Microsoft says it will bring Call of Duty to Nintendo for 10 years if Activision deal closes
Microsoft’s blitz of commitments around Call of Duty comes as regulators and rivals amp up antitrust scrutiny of the proposed $69 billion Activision takeover.
