Monthly Archives: October 2022

Don’t expect any Fed pivot this week or before the start of 2023, Barclays warns

Investors shouldn’t expect the Federal Reserve to pivot away from its rate-hiking campaign when it meets Thursday, according to Barclays. Spencer Platt/Getty Images The Federal Reserve is unlikely to show any sign of pivoting away from its rate-hiking campaign when it meets this week, according to Barclays. Investors are hoping the US central bank will…

Rising inflation forces Halloween candy prices to climb more than 13%, with the highest price increases impacting Skittles and Starbursts

The price of candy has soared 13% compared with last year, Labor Department figures show. Getty Images As Americans prepare for Halloween festivities, candy prices have shot up. Candy prices rose more than 13% in September compared with a year ago, per the Bureau of Labor Statistics. Skittles shot up by 42% in price since…

US stocks fall as investors anticipate another 75 basis point rate hike from the Fed this week

(Photo by ANGELA WEISS/AFP via Getty Images) US stocks fell on Monday as investors gear up for another Fed interest rate hike later this week.Fed chair Jerome Powell is expected to hike rates by another 75 basis points at its FOMC meeting on Wednesday.Investors also continue to focus on third-quarter earnings results. US stocks moved…

Oil prices could trade above $120 next year – but extremely low diesel inventories pose an even bigger concern, top energy analyst says

An oil pump jack pumps oil in a field near Calgary, Alberta in Canada. Todd Korol/Reuters Oil prices could soar higher into 2023, but the diesel crisis still poses the greater threat, Energy Aspects’ Amrita Sen said.  Both oil and diesel stockpiles are hovering near record lows. The EIA warned earlier this month that the…

The US is reportedly prodding European allies to impose trade sanctions on China

Russian President Vladimir Putin and Chinese President Xi Jinping. Reuters/Kim Kyung Hoon The US is reportedly prodding European allies to impose trade restrictions on China sources told Bloomberg. Restrictions would be similar to export controls imposed on Russia, but European leaders are reportedly apprehensive about the measure. But a National Security Council spokeswoman told Bloomberg…

Streamer beats every Elden Ring boss without taking a hit

Twitch Streamer GinoMachino has completed the world’s first Elden Ring all bosses no hit run. After two months of planning, the streamer finally finished the challenge on 25th October. There are 165 bosses in the game, which GinoMachino defeated without a single hit. Read more /format/jpg/quality/80/elden-ring-world-tree.jpg” title=”Streamer beats every Elden Ring boss without taking a…