By Chris Taylor NEW YORK (Reuters) – If there was only one word to sum up 2022, “unpredictable” might be the most accurate. Yet we all enjoy trying to predict the future, especially when it comes to our finances – to protect ourselves from the downside, or to take advantage of the upside. What does…
By Caroline Valetkevitch NEW YORK (Reuters) – A tentative bounce in U.S. stocks is about to face a key test, as companies get set to report fourth-quarter results amid worries over a potential recession in 2023. Analysts expect earnings for S&P 500 companies to have declined 2.2% for the quarter compared with a year ago,…
By Davide Barbuscia, Carolina Mandl and Shankar Ramakrishnan NEW YORK (Reuters) – Investors are increasing their exposure to U.S. corporate bonds as they take advantage of a surge in supply, but some say conflicting opinions about the economy are creating both long and short trading opportunities. The belief that the Federal Reserve may be nearing…
(Reuters) – Morgan Stanley expects the oil market to tighten during the third and fourth quarter of 2023, supported by a recovery in demand prompted by China reopening its borders among other factors. “We see the oil market coming into balance in 2Q and turning tight in 3Q and 4Q, supporting higher prices later this…
By Archishma Iyer (Reuters) – Bullish bets on the Thai baht and Chinese yuan hit five-year highs as China’s sharp pivot from its strict COVID-19 curbs boosted investors’ appetite for strengthening long positions in regional currencies, a Reuters poll showed on Thursday. Long positions firmed on nearly all Asian emerging currencies, many of which had…
By Dietrich Knauth and Tom Hals NEW YORK/WILMINGTON, Del. (Reuters) -Crypto exchange FTX has recovered more than $5 billion in liquid assets but the extent of customer losses in the collapse of the company founded by Sam Bankman-Fried is still unknown, an attorney for the company told a U.S. bankruptcy court on Wednesday. The company,…
(Reuters) – Activist hedge fund Bluebell Capital Partners shows no sign of halting its run of challenging the policies and executives of some of the world’s biggest companies. The group has taken on the likes of GSK Plc, Glencore Plc, Vivendi SE and Danone SA while owning minor stakes, as well as attempting to oust…
By Davide Barbuscia NEW YORK (Reuters) – BlackRock’s iShares exchange traded funds (ETFs) gained more net flows than Vanguard’s ETFs last year, according to estimates from industry tracker Morningstar, putting the world’s biggest asset manager in the lead for the first time since 2019. BlackRock and Vanguard are the world’s two biggest asset managers as…
By Chris Taylor NEW YORK (Reuters) – When Lauren Hopkins snagged a gig in student affairs at Virginia Commonwealth University in Richmond, Virginia, she figured she knew whom to thank. After all, a close friend of hers was best buddies with the hiring manager. It had to be him, right? Nope. Turns out her “mystery…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options traders are bracing for volatility in U.S. bank shares days ahead of an earnings season many believe will bring lower profits and reflect worries over an expected recession. Current market positioning signals a gloomy outlook: The one-month moving average of open puts on the Financial Select…
