Russia has rerouted its oil exports away from Europe towards Asia. Suriyapong Thongsawang/Getty Images A price cap on Russian oil could save 50 emerging markets billions of dollars a year, the US estimates. EM countries are getting hammered on oil import prices right now, a US Treasury official told the FT. The US is seeking…
Monthly Archives: October 2022
Getty Images US stocks opened higher Tuesday, building on strong gains a day earlier. The US dollar slid further while the pound sterling gained strength. Investors are hoping that a dovish pivot from the Fed could be in sight. US stocks opened higher Tuesday, building on Monday’s strong rally, as investors hope that a the…
AP Crypto poses risks that could endanger US financial stability, the Financial Stability Oversight Council said. The group identified three areas of the crypto market where regulators needed tighten rules. Failure to regulate crypto could cause “harm to the financial system and to individuals,” Janet Yellen said. Cryptocurrencies pose risks to the stability of the…
Warren Buffett. AP Images Warren Buffett’s likely successor bought $68 million of Berkshire Hathaway stock in a single day. Greg Abel only owned about $3 million of Berkshire shares before his recent purchases. The boss of Berkshire’s non-insurance businesses capitalized on a slump in Berkshire stock. Warren Buffett’s planned successor has plowed $68 million into…
Many analysts think the US is heading for a recession in 2023. Juanmonino/Getty Images 86% of CEOs running the world’s largest companies foresee a recession in the next 12 months, according to the KPMG 2022 CEO Outlook. 71% of respondents project a recession will reduce company earnings by up to 10% over the next year. …
The Miami Dolphins player Tua Tagovailoa showed signs of decorticate posturing on Thursday, a doctor specializing in sports medicine told Insider. Jeff Dean/AP Images Miami Dolphins player Tua Tagovailoa was taken off the field on a stretcher last week. A number of former NFL players are taking to social media saying the NFL failed him. …
Saudi Aramco CEO Amin Nasser. Getty Images Saudi Aramco CEO Amin Nasser said Tuesday that the world is misreading the oil market. Current crude prices indicate that the market is focused “on short-term economics rather than supply fundamentals,” he said. Nasser also reiterated warnings that a pick-up in economic activity would erase spare oil production…
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Most of the Service Credit Union branches are in New Hampshire. Service…
President Joe Biden speaks during the White House Conference on Hunger, Nutrition, and Health at the Ronald Reagan Building in Washington, DC, September 28, 2022. OLIVER CONTRERAS/AFP via Getty Images Joe Biden apologized to the family of the late Rep. Jackie Walorski for mistakenly asking “Where’s Jackie?” Walorski’s mother responded “in Heaven with Jesus” when…
Millennials and Gen Z are looking more for financial coaching than portfolio management. We Are/Getty Images Financial planning has traditionally been reserved for people with over $100,000 who have portfolios. However, many young CFPs realize this leaves many poorer millennials and zoomers in the dust. Focusing on financial coaching and helping clients hit goals has…