Morgan Stanley IM Predicts Emerging Markets in the Next Decade

According to Morgan Stanley Investment Management, equities in developing nations are expected to do well this decade, joining a majority of investors that are shying away from the US in preference of other markets. Shifting focus from US stocks to emerging economies stocks  Morgan Stanley IM’s deputy chief investment officer Jitania Kandhari stated that the… Continue reading Morgan Stanley IM Predicts Emerging Markets in the Next Decade

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Foreign investors pour $925 million into Egypt since Wednesday

FILE PHOTO: A man counts Egyptian pounds outside a bank in Cairo

CAIRO (Reuters) – Foreign investors transferred more than $925 million dollars into the Egyptian foreign exchange market in the three days since its currency sharply depreciated last week, Egypt’s central bank said in a statement on Monday. The Egyptian pound weakened to about 32 to the dollar from 27.60 at the open on Wednesday before… Continue reading Foreign investors pour $925 million into Egypt since Wednesday

Options 101: The Bare Bones Basics

Options trading has become incredibly popular. In fact, according to FIA.org: The total volume of trading reached 62.58 billion contracts in 2021, up 33.7% from the previous year. Futures trading rose 14.6% to 29.28 billion contracts. Options trading jumped 56.6% to 33.31 billion contracts. This is the fourth year in a row that global exchange-traded… Continue reading Options 101: The Bare Bones Basics

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Arctic blast, blizzards disrupt U.S. travel ahead of holidays

A driver makes their way through a flooded street at high tide during a winter storm in Gloucester

By Rich McKay and Gabriella Borter (Reuters) -Arctic cold extended its grip over much of the United States on Friday, combining with snow, ice and howling winds from a deadly winter storm roaring out of the Midwest to disrupt energy supplies and thwart travel for millions of Americans ahead of the holiday weekend. The extreme… Continue reading Arctic blast, blizzards disrupt U.S. travel ahead of holidays

The Top Ways to Invest as U.S. Consumers Struggle

The consumer is struggling. In fact, at the moment, 63% of Americans are now living paycheck to paycheck.  That’s up from 60% in October.  “Americans are cash-strapped and their everyday spending continues to outpace their income, which is impacting their ability to save and plan,” said Anuj Nayar, LendingClub’s financial health officer, as quoted by… Continue reading The Top Ways to Invest as U.S. Consumers Struggle

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There’s a Very Serious Shortage of Medications All Over the U.S.

Flu season is here again. And unfortunately, the U.S. is running short of key medications to treat it. In fact, according to the New York Post: “America is facing a shortage of four key medications used for common illnesses in children as virus season comes back in full force. Officials have declared a shortage of… Continue reading There’s a Very Serious Shortage of Medications All Over the U.S.

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How to Trade a Potentially Strong Black Friday and Cyber Monday

Consumers were crushed with higher inflation this year. But they’re still spending.  In fact, according to the World Economic Forum, “real personal consumption expenditures amounted to $14.1 trillion on an annualized basis in Q3 2022, up from $13.9 trillion a year earlier.” Heading into the holidays, the National Retail Federation (NRF) says retail sales could… Continue reading How to Trade a Potentially Strong Black Friday and Cyber Monday

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BMW tests hydrogen burner at German plant, expands battery assembly lines

BMW expected to outline electrification plans in United States

LEIPZIG, Germany (Reuters) -BMW is testing a burner able to operate on both hydrogen and gas in its paint shop in Leipzig, the carmaker said on Thursday, as it also announced an 800-million-euro ($782 million) investment in new battery assembly lines at the plant. The burner, developed together with combustion technology firm Saacke to reduce… Continue reading BMW tests hydrogen burner at German plant, expands battery assembly lines

Freeport-McMoRan shares rally after profit beats expectations

FILE PHOTO: The logo of copper miner Freeport-McMoRan Inc is displayed on their offices in Phoenix

(Reuters) – Freeport-McMoRan Inc reported a sharp drop in third-quarter profit on Thursday due to falling copper prices, although the mining company’s shares rose as results beat Wall Street’s expectations and executives gave a bullish demand outlook for the red metal used widely across the economy. Shares of the Phoenix-based company jumped more than 6%… Continue reading Freeport-McMoRan shares rally after profit beats expectations