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☆ Here's why investors can expect returns in the S&P 500 this year after 2022's stock market bloodbath.
▼ + stars: | 2023-01-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

This time last year, the S&P 500 was coming off its all-time closing high, which had arrived on 2022's first day of trading. It's only happened four times, but when the S&P 500 sees back-to-back losing years, the second is always worse. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. And if you look at Bank of America's Sell Side Indicator, a year in the green for the S&P 500 seems to be in the cards. Morgan Stanley just revamped a nine-stock list that's beaten the S&P 500 by 18% over time.

☆ The looming recession will stop short of a full-blown financial crisis because the Fed is still in control, ex-NY Fed chief Bill Dudley says
▼ + stars: | 2023-01-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A looming economic recession won't spiral into a full blown financial crisis, according to ex-NY Fed chief Bill Dudley. That's because the recession, which is "pretty likely" according to Dudley, will be induced by the Fed. "I think this is a recession where the Fed has the controls, when they need to ease they can do so," Dudley said. And if they manage to do that, the Fed can avoid a systematic financial crisis that leads to instability during the next recession. "I don't think that there's a big risk of a financial-instability cataclysm that pushes the economy into a deep recession," Dudley said.

☆ Asian markets mostly weaker as investors question China reopening
▼ + stars: | 2022-12-20 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +4 min

China is pushing on with easing restrictions after three years of COVID-19 lockdowns which is leaving to investors to question how financial markets will react to the reopening. "Once they do reopen, there will be positive sentiment and China will become a growth story for the world again." Australian shares (.AXJO) on Tuesday were down 0.72%, while Japan's Nikkei stock index (.N225) rose 0.34%. In Asian trading, the yield on benchmark 10-year Treasury notes rose to 3.5993% compared with its U.S. close of 3.583% on Monday. "The subsequent hawkish Fed policy update remains fresh in the minds of investors," NAB analyst wrote on Tuesday.

A debate on lifting central banks' inflation targets re-surfaced this week - feeding speculation about just how much economic pain monetary policymakers are willing to inflict to drag decades-high inflation back to largely arbitrary 2% goals. Former International Monetary Fund chief economist and long-term advocate of higher inflation targets Olivier Blanchard thinks 3% could and probably should be the new 2%. That prodded central banks into extraordinary asset purchases, negative interest rates or both just to try and get inflation back up to 2%. And counter-intuitively for some he emphasised that higher inflation would not imply looser policy. So good and bad news - a potentially more balanced economy, with better wage distribution but higher nominal interest rates that may spook financial markets trying to parse the trajectory for Fed or European Central Bank interest rates years hence.

☆ 2 little-known intel agencies are helping US partners keep an eye on Russia's and China's frontline forces
▼ + stars: | 2022-11-17 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

Two little-known US intelligence agencies have made significant contributions to countering Russia in Ukraine. The National Geospatial-Intelligence Agency and the National Reconnaissance Office have gathered and distributed valuable information about Russian activity. Little-known intel agenciesA National Reconnaissance Office payload is launched into space from Vandenberg Air Force Base in September 2017. US Air Force/Senior Airman Ian DudleyThe US response to Russia's war in Ukraine has pulled the National Geospatial-Intelligence Agency (NGA) and the National Reconnaissance Office out of the shadows. NRO satellites have many customers, but the NGA is probably the most reliant on the satellites operated by the NRO.

☆ Post-midterm sell-off is a solid buying opportunity, says $8B money manager
▼ + stars: | 2022-11-09 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPost-midterm sell-off is a solid buying opportunity, says $8B money managerKatrina Dudley, Franklin Mutual Advisors, makes sense of today's market action. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Julie Biel, Steve Grasso and Karen Finerman.

LOS ANGELES — A man was killed and 12 other people were injured after a car crashed into a food stand Friday night, officials said. Aerial helicopter footage from NBC Los Angeles showed the sedan crashed into what appeared to be a cooking stove on the sidewalk. In addition to the person who died, 12 other people were injured, three of whom were in critical condition, Los Angeles County Fire Department spokesman Craig Little said. The crash happened near the intersection of West Holt Ave and Dudley Street. The driver was going east and went into opposite lanes of traffic before crashing into the food stand, Mejia said.

Local residents fill sandbags, as Hurricane Ian spun toward the state carrying high winds, torrential rains and a powerful storm surge, at Ben T. Davis Beach in Tampa, Florida, U.S., September 26, 2022. Before heading to Florida, Hurricane Ian slammed into Cuba, forcing evacuations, cutting power to hundreds of thousands of people and swamping fishing villages. A Category 3 storm features maximum sustained winds of up to 129 miles per hour (208 km per hour). "I wasn't particularly scared until I saw the storm track this morning," Martino, 78, said as she prepared to go to her son's house north of Tampa. If Ian strikes Tampa, it would be the first hurricane to make landfall in the area since the Tarpon Springs storm in 1921.

☆ I am not worried about the stability of the U.S. banking system, says former New York Fed President
▼ + stars: | 2022-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI am not worried about the stability of the U.S. banking system, says former New York Fed PresidentWilliam Dudley, former president of the New York Federal Reserve, joins 'Squawk on the Street' to discuss the Fed trajectory for bringing down inflation, the consequences of Fed tightening on unemployment, and the stability of the U.S. banking system.

☆ How much ‘pain’ is the Fed willing to inflict? Wednesday’s rate hike will offer clues
▼ + stars: | 2022-09-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Federal Reserve Chairman Jerome Powell has acknowledged the economic pain this rapid tightening regime may cause. A larger hike is possible, but unlikelySome economists even expect the Fed to implement a massive — and historic — full-point rate hike on Wednesday. It meant that people understood the seriousness of the Fed’s commitment to getting inflation rates back down to 2%, he said. They want higher bond yields,” former New York Federal Reserve President Bill Dudley told CNN back in May. The Federal Reserve announces its rate hike decision Wednesday at 2 p.m.

☆ World says goodbye to Britain's Queen Elizabeth from cafes and consulates
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +4 min

The hearse transporting the coffin of Britain's Queen Elizabeth drives near Royal Guards along Albert Road on the day of her state funeral and burial, in Windsor, Britain, September 19, 2022. And in Paris, France, bar owner Thibaud Dupont showed off his new tattoo of the monarch on his forearm. "She was not our queen, but she reigned over Britain for 70 years. "Her presence is literally everywhere," IT professional Victor Lai said outside the British Consulate General in Hong Kong, where people have queued for the past 10 days to sign a memorial book. In Bahrain, British expatriates paid tribute to Elizabeth at a service at St. Christopher's Cathedral in the capital Manama.

☆ Premarket trading: It's getting late in the game. Will the Fed risk a Hail Mary?
▼ + stars: | 2022-09-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Markets plummeted as the report stoked fears that the central bank and Chair Jerome Powell would decide to hike rates more aggressively, inflicting serious economic pain. Investors are putting the odds of a three-quarter percentage point hike next week at 75%, according to CME FedWatch data. The odds for a full point hike are hovering around 25% in the wake of the inflation report, up from 0% one week ago. It meant that people understood the seriousness of the Fed’s commitment to getting inflation rates back down to 2%, he said. “I wouldn’t discount a 100 basis point rate hike,” Marvin Loh, senior strategist at State Street, told me.

BusinessThe Russian steel magnate, who was sanctioned by the U.S., the European Union and the U.K. following the invasion of Ukraine, is exploring options to restructure ownership of his businesses to ease the burden of Western sanctions, according to people familiar with the matter.

☆ U.S. carries out missile test delayed over Chinese drills
▼ + stars: | 2022-08-16 | by ( Idrees Ali | Thomson Reuters | National Security Correspondent Focusing On The Pentagon In Washington D.C. Reports On U.S. Military Activity | ) www.reuters.com time to read: +3 min

The test suggests that Washington is less worried about the situation escalating around Taiwan in the short-term at least. An unarmed Minuteman III intercontinental ballistic missile launches during an operational test at 2:10 a.m. Pacific Daylight Time at Vandenberg Air Force Base, California, U.S., August 2, 2017. The U.S. military also canceled a test of its Minuteman III intercontinental ballistic missile in April. The nuclear-capable Minuteman III, made by Boeing Co. (BA.N), is key to the U.S. military's strategic arsenal. Russian President Vladimir Putin said in February that his nation's nuclear forces should be put on high alert, raising fears that Russia's invasion of Ukraine could lead to nuclear war.

☆ Anglia: Peste 5,5 milioane de oameni, vaccinaţi împotriva COVID-19
▼ + stars: | 2021-01-23 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Peste 5,5 milioane de oameni au fost vaccinaţi împotriva COVID-19 în Anglia, în perioada 8 decembrie şi 22 ianuarie, potrivit datelor din sistemul public de sănătate citate de BBC, scrie libertatea.ro. Din total, 5,08 milioane de oameni au primit prima doză de vaccin, iar 440.300 au primit a doua doză. Anglia are o populaţie de peste 55 de milioane de locuitori. Având în vedere că a fost intensificată campania de vaccinare în întregul Regat, spaţiile pentru această procedură sunt dintre cele mai diverse. „Facem asta pentru a spune un mare «nu» ştirilor false şi un mare «da» vaccinului”, a adăugat Sheikh Nuru.

Persons: Dudley . Vineri, Imamul Sheikh, Mohammed Organizations: BBC, Black Locations: Anglia, Birmingham, Blackburn, Salisbury

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