Asian markets were mixed after US stocks fell, and OPEC + announced production cuts

Mizuho: OPEC+ production cut confirms ‘explicit desire for price recovery’ The decision of OPEC and its allies Production cut by 2 million barrels per day Vishnu Varathan, head of economics and strategy at Mizuho Bank, underlines the group’s explicit desire for a price boom, not just support. He wrote that a supply cut of around … Read more

Open to Close, Stocks, Data, Earnings and News

CNBC Pro: Bank of America reveals its global picks for the quarter, giving 1 stock above 100% Rising interest rates, rising energy prices and political turmoil in some parts of the world hurt stocks in the last quarter of this year. To help investors weather volatility, Bank of America revealed its top “short-term stock recommendations” … Read more

European markets rise with the rise of global markets; Stokes 600 increase 1.6%

Stocks on the go: Greggs and Accelleron rise 5% A share of the British bakery chain Greg Gaining 5.6% in early trade after reporting a rise in quarterly sales despite a worsening cost-of-living crisis and waning consumer confidence in the UK Axelron Shares are up 5% as investors pick the stock at a discount after … Read more

Climate change will never be solved with declining growth

Climate change is fueled by the release of greenhouse gas emissions and these emissions come from every sector of the global economy: electricity, manufacturing, transportation, agriculture, and industrial processes. In general, greenhouse gas emissions were climbing for decades. Activists often advocate using less and consuming less as one potential solution to climate change – low … Read more

Kindle Scribe, Halo Rise, New Echos, Fire TV

Amazon has unveiled a new smart TV, the Fire TV Omni QLED series starting at $799.99 Amazon Fire TV Omni Series in QLED Amazon Amazon just announced a new TV: the Amazon Fire TV Omni Series in QLED. Aside from the QLED screen, the TV has Dolby Vision IQ and HDR10 + Adaptive for the … Read more

The United States and Europe are running out of weapons to send to Ukraine

Ukrainian soldiers firing an M777 howitzer, Kharkiv region, northeastern Ukraine. This image cannot be distributed in the Russian Federation. Vyacheslav Madyevsky | Publishing in the future | Getty Images In the American arms industry, the normal production level of artillery shells for 155-mm howitzers – a heavy long-range artillery weapon that is currently used on … Read more

Stocks drop, Chinese yuan tops 7.2 against the dollar

The Chinese yuan is likely to return to the “reasonable range” soon The yuan is likely to return to the “reasonable range” between six and seven against the US dollar — as soon as next year, said Han Baojiang, director of the Department of Economics at the Party School of the CPC Central Committee. That’s … Read more

What Parent PLUS Borrowers Need to Know About Student Loan Forgiveness

Vinart Studio | istock | Getty Images President Joe Biden’s announcement last month that he would allow up to $20,000 in student debt to borrowers will also affect the millions of parents who have borrowed to educate their children. Debt cancellation applies to the so-called MOM PLUS Loans, federal loans that parents can get to … Read more

Fed rate hike threatens to “break” currency markets

A man exchanges US dollar bills at the exchange office. Mehmet Semih Ogurlu | Anadolu Agency | Getty Images With the dollar hitting a 20-year high against a slew of major foreign currencies, the specter of a historic foreign exchange market crises looms on the horizon. While everyone has now forgotten, except for those who … Read more