Barclays’ playbook for the coming recession: Defensive stocks that could still gain 20%
The firm looked for core defensives with upside potential.
The threat of national rail strike eases, for now, as key union BMWED extends deal deadline
The BMWED rail union pushes back date for potential strike against freight railroad companies that could cripple the U.S. economy.
This chart shows S&P 500 rally could resume if inflation has peaked
Strategists at Clocktower Group believe inflation has peaked and U.S. stocks have bottomed.
Binance’s rescue of FTX shows no crypto company is ‘too big to fail,’ experts say
Despite FTX being the fourth-biggest crypto exchange, the company wasn’t immune from the downturn in digital assets.
Lionel Messi takes stake in NFT fantasy soccer game Sorare
Paris Saint-Germain forward Lionel Messi is joining the French NFT trading card game Sorare as an investor and brand ambassador.
Russia’s hopes for a Republican landslide to hurt Ukraine are vanishing fast
While the U.S. midterm election results roll in, the vote count is being closely watched half way across the world by Ukraine and Russia.
Europe shows a united front against Biden’s Inflation Reduction Act, says it threatens industry
There is a political consensus among EU finance ministers that Biden’s inflation reduction act could harm European companies.
Britain’s Next to buy failed furniture retailer Made.com with 500 jobs at risk
British fashion retailer Next will buy the brand of collapsed online furniture seller Made.com after it fell into administration, putting around 500 jobs at risk.
Adidas warns of big earnings hit after ending Ye partnership
Adidas on Wednesday cut its full-year guidance on the back of the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand.
Two portfolios—one GOP, one Democrat—make predictions about the U.S. midterms
Energy, defense, insurance and pharmaceutical stocks will benefit from policies set by the Republicans. Clean energy is a winner if the Democrats excel. Plus, the latest on the midterms and aid to Ukraine, CNBC’s Ted Kemp reports.
