Oil demand to hit record level this year as China reopens, says IEA
China’s rapid shift to reopen its economy following years of Covid-19 lockdowns should help oil demand rise to a record level this year, the International Energy Agency said Wednesday. The energy watchdog lifted its forecast for oil-demand growth this year by nearly 200,000 barrels a day to 1.9 million barrels a day. The extra demand […]
The most unpopular portfolio in America wins in 2022 — again
Yes, Pariah Capital has beaten Wall Street. Yet again.Before fees, too.Oh, and we’re willing to make a semi-serious bet we will do it again in 2023. Pariah Capital is the exclusive free money advice service offered to our readers by MarketWatch. To reach our target asset allocation for the year ahead, we tap the finest […]
My stepbrother helped me get started in tech. I allowed him to live in my late’s father’s home. He told me, ‘Your dad wanted me to live here.’ What do I owe him?
My father dated someone when I was in early grade school, and mentored one of her sons, becoming the father figure he never had. For simplicity, I’ll refer to him as a stepbrother. I was about eight years younger, and my stepbrother helped me with some key decisions after I graduated. One key piece of […]
2023 ‘is the year AI crosses the chasm,’ but for one reason, John Chambers says
Venture capitalist John Chambers is an eternal optimist, but even he admits 2023 could be “tough” for tech. While this could sideswipe a couple of Big Tech companies, leading them to a road of losing market leadership by the end of the decade, it could present an opportunity for startups in artificial intelligence and cybersecurity […]
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 […]
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 […]
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 […]
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 […]
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 […]