Akzo Nobel suspends 2023 outlook due to macroeconomic headwinds
Akzo Nobel has suspended its 2023 core profit outlook, citing macroeconomic turbulence which is negatively affecting consumer confidence.
Should you trust this recent market rally? Here’s how Wall Street is advising their clients
Will a recent stock rally sustain or lead to another fall? Here’s what investment banks are advising their clients.
Japan imports surge on weaker yen, fanning inflation fears
Once welcomed for making exports more competitive, the yen’s excessive weakness is now seen hurting households and retailers by inflating already high prices.
Chip stocks have had a tough year — but one looks ‘really inviting,’ fund manager says
The massive sell-off in semiconductor stocks is an opportunity for bargain hunters. David Neuhauser says one has “a lot of value” and is “really attractive.”
Taking cover in government bonds ahead of a recession? BlackRock says that’s now an ‘obsolete’ strategy
“Recession fears are roiling markets,” but sovereign bonds are no longer a safe haven and “bond vigilantes” are back, says the world’s largest asset manager.
Asia-Pacific markets mostly lower as yen inches near 150 against U.S. dollar
Shares in the Asia-Pacific traded lower on Thursday as economic fears weigh.
Iran calls Western allegations that it supplied Russia with drones ‘disappointing,’ calls for peaceful resolution of war
Moscow has carried out devastating drone strikes against what Ukraine said were civilian targets as well as critical infrastructure such as energy facilities.
Stocks close lower for second day as Treasury yields continue march to new highs
Investors monitored surging Treasury yields for recession signals, and earnings season sparked big moves for individual stocks.
Elon Musk addresses Twitter takeover, possible recession on Tesla earnings call
Tesla’s net income (GAAP) for Q3 2022 reached $3.33 billion and automotive margins remained stable at 27.9%.
Treasury yields could be peaking soon and that could ease some pressure on stocks
The 10-year Treasury yield has been setting new 14-year highs, but strategists expect in a matter of weeks it could fall, relieving pressure on stocks.
