Russia’s global energy leverage is lessening as full-scale war in Ukraine nears 1-year mark
Russian President Vladimir Putin‘s use of energy as a weapon of financial war is increasingly backfiring, threatening the core of Russia’s beleaguered economy and curtailing its geopolitical influence. Western sanctions, falling prices for Russian fossil fuels and strategic miscalculations are hurting the country’s oil-and-gas industry while the war in Ukraine is poised to stretch into a […]
How a ‘triple-barreled buy signal’ and other green flags could send the S&P 500 20% higher, says this money manager
A holiday-shortened week is looking like it will get off to a lower start, as China landed some weak growth numbers and more earnings roll out. That’s after two positive weeks to start 2023. But there’s more than a whiff of bullishness in the air, according to our call of the day, from investment research […]
Rise in middle-aged white ‘deaths of despair’ may be fueled by loss of religion, new research paper argues
So-called deaths of despair such as from suicide or alcohol abuse have been skyrocketing for middle-aged white Americans. It’s been blamed on various phenomenon, including opioid abuse. But a new research paper finds a different culprit — declining religious practice. The working paper, from Tyler Giles of Wellesley College, Daniel Hungerman of the University of […]
Ocado backs full year view after strong quarter, record Christmas performance
Ocado Group PLC backed its fiscal 2022 guidance on Tuesday supported by a robust fourth-quarter performance and said it has started the new fiscal year with a record Christmas performance. The online grocer and retail-technology specialist OCDO, +5.18% said retail revenue came in at 549.4 million pounds ($670 million) for the 13 weeks ended 27 […]
JPMorgan Chase, Bank of America and Wells Fargo earnings show the good, the bad and the ugly of people’s finances. So how are they holding up?
Friday’s wave of big-bank earnings gives an important glimpse into Americans’ finances amid high prices, rising interest rates and recession worries. At first glance, most consumers appear to be keeping their heads above water.A day after December inflation data showed price increases coming off the boil – but still high — fourth-quarter earnings showed some […]
Want to estimate your monthly energy bill in a new home — before you buy it? This new service may help.
Home shoppers often try to estimate the cost of monthly utilities payments for prospective homes by quizzing real-estate agents. A new feature offered by a brokerage should help demystify that number. The feature, unveiled on Thursday by real-estate brokerage firm Redfin RDFN, +0.33%, provides energy-cost estimates for 85 million homes nationwide. The estimates are provided […]
Looking to lose weight? Why you may want to eat some Fritos instead of a bagel.
If you’re trying to stick to your New Year’s weight-loss resolution, you may also be trying to figure out which foods to reach for when hunger hits. Some recent dietary research from Tufts University offers surprising guidelines about what constitutes healthy choices. As in, you may be better off snacking on Fritos PEP, -0.31% or […]
Job openings data is missing a recent upturn in layoffs, Goldman economist says
The Labor Department’s job openings report may not be capturing a recent upturn in layoffs, according to new research from Goldman Sachs. Manuel Abecasis, a Goldman Sachs economist, looked at layoff notices filed under the Worker Adjustment and Retraining Notification Act, which require companies to notify state governments, and affected individuals, of plans to lay […]
Morgan Stanley cuts U.S. dollar forecasts lower
The U.S. dollar is going to drop further, Morgan Stanley strategists said over the weekend as they became more optimistic about the global economy. They now see the DXY dollar index DXY, +0.20% ending the year at 98, from a previous forecast of 104. They see the euro EURUSD, -0.19% climbing to $1.15, vs. a […]
World’s 1% captured almost two-thirds of new wealth created in two years: report
For every dollar of new global wealth earned by a person in the bottom 90% during the first two years of the COVID-19 pandemic, a billionaire got $1.7 million, according to a new analysis from the anti-poverty group Oxfam.That means that even in an era marked by the pandemic, nearly 15 million excess deaths and […]