International

India, Second-Largest Wheat Producer, Bans Exports amid Food Supply Concerns

India, the second-largest producer of wheat, has banned exports of the commodity, due to a risk to its food security.

U.S. Economy

Shares Churn, Close Down; Yields Fall after U.S. Inflation Data

Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday's volatile session as oil prices rallied and investors worried about the potential for an economic slowdown.

Investing Ideas

Billions in Wrong-Way ETF Bets Placed Just Before Thursday Rout

According to Bloomberg, in the three days through Wednesday last week before market crash on Fed policy statements began, investors infused $426 million to the ProShares UltraPro QQQ ETF (ticker TQQQ), a leveraged product that delivers three-times the return of the Nasdaq 100 Index.

U.S. Economy

Fed Lifts Interest Rates and Will Wind Down $9 Trillion Balance Sheet Assets to Tackle High U.S. inflation

The Federal Reserve on Wednesday raised a key interest rate by a half point and reaffirmed a more aggressive strategy to try to subdue the worst outbreak of U.S. inflation in 40 years.

International

Germany Will Support Russian Oil Embargo After Significantly Reducing Dependence: Report

According to Fox, Germany will support the European embargo of Russian oil, marking another significant turnaround in the nation’s position on the Russia-Ukraine conflict.

U.S. Economy

Ford Just Reported a $3.1 Billion Loss. Blame Sliding Demand, Strong Dollar and… Rivian

New York(CNN Business) In the days after its November IPO, electric truck maker Rivian was briefly one of the world's most valuable automakers despite not yet having reported a single sale.

Investing Ideas

Apple Is the Last FAANG Standing. How Its Earnings Could Move the Market.

Apple is the last FAANG standing — and its earnings report this coming week could go a long way toward determining if the stock market bounces back or slides even further.

Investing Ideas

Cathie Wood Trims Spotify And Buys Netflix-Fueled Dip In These 2 Stocks

Cathie Wood-led Ark Investment Management on Wednesday raised its exposure in Roblox Corp (RBLX) and Roku Inc (ROKU) on the dip and sold shares in Spotify Technology SA (SPOT) after streaming giant Netflix Inc (NFLX) announced a massive fall in subscribers.

International

China Q1 2022 GDP: five things to watch

China’s economic outlook was already challenging at the beginning of the year, as the effects of President Xi Jinping’s crackdown on property and other high-growth industries rippled through the world’s second-largest economy.

U.S. Economy

Jamie Dimon Predicted ‘Storm Clouds’ ahead for U.S. Economy Later This Year

The CEO of the biggest U.S. bank by assets said Wednesday that economic growth will continue at least through the second and third quarters of this year, fueled by consumers and businesses flush with cash and paying off debts on time.

Investing Ideas

Summit Therapeutics(SMMT) Insiders Placed Bullish Bets Worth US$62m in Last 12 Months

Over the last year, a good number of insiders have significantly increased their holdings in Summit Therapeutics Inc. (SMMT).

Investing Ideas

Soaring Gas Prices: Enough Evidence to Short Auto Stocks?

Chip shortages, supply chain disruptions and depleted inventory levels are just three of the headwinds auto stock investors have been dealing with in recent quarters.

International

What Victor Orban’s Election Victory Means for EU Politics and Markets

Orban, a self-styled illiberal democrat, is most apparently an incumbent again winning by a wide margin.

U.S. Economy

U.S. PCE Price Index Up by 6.4% in Q4 2021

The Bureau of Economic Analysis revealed in its report about the U.S.’s Q4 2021 gross domestic product (GDP) published on Wednesday.