Category: Business & Markets

[PREMIERING 7:30PM ET] Stella Morabito: Technocratic Totalitarianism, The Impulse to Conform, and AstroTurf Mobs Versus Organic Protest

“It doesn’t matter what your politics are. People want friends. People want family. They want strong relationships. Nobody wants to be lonely. And that’s why what I call the ‘weaponization of loneliness’ is so effective.” In this episode, I sit down with Stella Morabito, a senior contributor at The Federalist. She’s a former CIA intelligence…


US Stocks Open Higher Ahead of Inflation Numbers

Wall Street’s main indexes opened higher on Tuesday ahead of key inflation data this week, with investors hopeful that a slowdown in price increases could support a sooner-than-expected end to the Federal Reserve’s policy of rapid monetary tightening. The Dow Jones Industrial Average rose 112.54 points, or 0.33 percent, at the open to 34,056.94. The…


Beijing Counters Washington

Beijing and Washington seem to have entered a tit-for-tat competition on trade. Late last year, the Biden administration placed restrictions on the export to China of equipment for the manufacture of advanced semiconductors and at the same time announced subsidies for the domestic manufacture of semiconductors. Washington even got Japan and the Netherlands to join…


Rising Number of Managers Reconsidering How ESG Standards Are Integrated Into Funds: HSBC Survey

A new poll by UK banking giant HSBC has found a rising number of managers are reconsidering how they integrate environmental, social, and governance (ESG) issues into their investment strategies. The findings come from the London-based lender’s survey of 310 professionals across the globe in roles related to ESG decision-making. The poll was conducted May 31–June 24, 2023….


Major US Banks to Report Biggest Jump in Loan Losses Since COVID Pandemic

The major U.S. banks are set to report the biggest jump in loan losses since the COVID-19 pandemic, as rising interest rates put mounting pressure on borrowers across the country. America’s top lenders are expected to release their second quarterly earnings reports this week, with JPMorgan, Wells Fargo, Citigroup, and BlackRock releasing theirs on July…


Dollar Falls to 2-month Low, Sterling Hits 15-month High After Jobs Data

LONDON—The dollar weakened to a two-month low on Tuesday after Federal Reserve officials signalled that the central bank was nearing the end of its tightening cycle, while the pound hit a 15-month high after pay growth exceeded expectations. Several Fed officials said on Monday the central bank would likely need to raise interest rates further…


Oil Prices Steady as Traders Weigh Supply Cuts Against Economic Headwinds

LONDON—Oil prices were little changed on Tuesday as traders weighed supply cuts by the world’s biggest oil exporters and hopes for higher demand in the developing world in the second half of 2023 against a sluggish global economic outlook. Brent crude futures were up 2 cents to $77.71 a barrel by 0945 GMT, and U.S….


Major Insurance Firm Limits New Homeowners Insurance in California Amid Wildfires

Yet another major national insurance provider will no longer be selling insurance policies to new homeowners in the state of California amid rising costs and increasing risks of wildfires, leaving property owners and renters with limited options. Farmers Insurance, the state’s second-largest homeowners carrier, placed a cap on the number of new homeowners policies starting on July…


Record Wage Rises Fuel Fresh Inflation Concerns

Wages have been rising at a record speed according to official data, fuelling fears that inflation could remain at a high level and force the Bank of England (BoE) to raise interest rates further. New data released by the Office for National Statistics (ONS) on Tuesday shows that employees’ regular pay, not including bonuses, was…


Stock Market Today: Global Shares Rise Ahead of US Inflation Update on Hopes for Easing Rate Hikes

BEIJING—Global stock markets rose Tuesday ahead of a U.S. inflation update traders hope will show the need for more interest rate hikes is easing. Paris, Shanghai, Frankfurt, and Tokyo advanced. Wall Street futures were little-changed. Oil prices rose. Wall Street’s benchmark S&P 500 index gained 0.2 percent on Monday following its second weekly decline in…