It’s notoriously easy to predict the future, and since the world’s leading investment banks can easily plan for the year ahead, why not try the next 50? This is what Goldman Sachs has attempted in a new report called ‘The Path to 2075’. This updates long-term growth forecasts made in 2003 and 2011, primarily on …
A general view shows the Lukoil oil refinery in Volgograd, Russia, on April 22. (Reuters) Estimated reading time: 5-6 minutes MOSCOW — Most Russian crude oil exports to Europe are now banned, marking the West’s boldest ever effort to put financial pressure on President Vladimir Putin as his brutal war in Ukraine enters his tenth …
The West has just jammed the oil market. The rest depends on Russia Read More »
The oil embargo, decided at the end of May, entered into force on Monday in the European Union. It was accompanied by a new price cap for Russian crude set by the G7 countries. This is intended to limit Kremlin revenue while allowing countries like China and India to continue buying Russian oil, provided they …
The West has just jammed the oil market. The rest depends on Russia Read More »
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN Business — The collapse of FTX has sent the price of bitcoin and other cryptocurrencies plummeting by more than 60% this year…and the carnage has spread to publicly traded companies …
Is the worst over for bitcoin and the rest of crypto? | CNN Business Read More »
Tech stock valuations are still too stretched, says Bill Smead. Their decline will drag the rest of the market down as well, he believes. Smead said the bear market is probably only halfway through. The most beloved names in the market over the past decade — so-called FAANMG stocks (or some iteration of that acronym) …
