Sage Investment Club

Oil prices gain for the session, but post a January loss

Front-month oil futures ended higher on Tuesday, but U.S. prices posted a third-straight monthly decline, ahead of this week’s Federal Reserve decision on interest rates and amid signs that Russian crude exports remain resilient. Prices for the U.S. and global crude benchmarks marked their biggest monthly declines since November 2022, while natural gas marked its […]

IMF hikes global growth forecast as inflation cools

The IMF has revised its global economic outlook upwards.Norberto Duarte | Afp | Getty ImagesThe International Monetary Fund on Monday revised upward its global growth projections for the year, but warned that higher interest rates and Russia’s invasion of Ukraine would likely still weigh on activity.In its latest economic update, the IMF said the global […]

U.S. may cut off China’s Huawei entirely from U.S. suppliers

WASHINGTON — The Biden administration is considering entirely cutting off Chinese telecommunications giant Huawei Technologies Co. from U.S. suppliers over national-security concerns by tightening export controls targeting the firm, according to people familiar with the matter. The move — should the administration move forward — would mark the latest salvo in the high-stakes clash between the world’s two largest economies as U.S. […]

ECB said it’ll stay the course on rate hikes. But it’s not clear for how long

Christine Lagarde, president of the European Central Bank (ECB).Bloomberg | Bloomberg | Getty ImagesEuropean Central Bank President Christine Lagarde has repeatedly used the phrase “staying the course” when referring to upcoming rate decisions, but some market watchers doubt the bank will keep its hawkish stance for much longer.The ECB entered tightening mode last year with […]

South Korea’s economy contracts sequentially in Q4 for first time in 2 years

South Korea’s economy contracted sequentially in the fourth quarter of 2022 for the first time in more than two years due to weak exports and private consumption. Gross domestic product shrank 0.4% from the prior quarter during the October-December period–the first sequential contraction since the second quarter of 2020–after a 0.3% expansion in the third […]

There’s a George Santos bobblehead with a Pinocchio nose — and that’s no lie

This collectible hits George Santos on the nose. The embattled New York congressman is getting the bobblehead treatment, but with a Pinocchio-inspired twist. The National Bobblehead Hall of Fame and Museum located in Milwaukee is producing a Santos bobblehead in two styles. One is a standard version of the House Republican, but the other depicts… […]

Yellen dismisses minting $1 trillion coin to avoid federal default

LUSAKA, Zambia — Treasury Secretary Janet Yellen said the Federal Reserve likely wouldn’t accept a $1 trillion platinum coin if the Biden administration tried to mint one to avoid breaching the debt limit, dismissing an idea that has been floated to circumvent Congress on the issue. Some Biden administration officials and Democrats on Capitol Hill have discussed the […]