The United States to end Russia’s ability to pay international investors

The United States will shut down Russia’s last avenue for its billions in debt to international investors on Wednesday, making Russia’s default for the first time since the Bolshevik Revolution inevitable. The Treasury Department said in a notice that it had no plans to renew the license that allowed Russia to continue paying debt holders … Read more

Pre-market inventory: This is another worrying reason why it will be difficult to fight inflation

London CNN Business – One of the many buzzwords that leak out Davos this week It is “fragmentation,” as economists there have warned, that it could have “devastating humanitarian consequences.” By “retail,” they refer to the breakdown of the kind of free, cross-border trade and investment that has defined the global economic system over the … Read more

5 things to know before the stock market opens Tuesday, May 24

Here are the top news, trends and analysis that investors need to start their trading day: 1. The Dow was poised to give up some surprising rally on Monday A screen displays a Federal Reserve rate announcement as a trader works inside a flyer on the floor of the New York Stock Exchange (NYSE) in … Read more

Why China is likely to recover more slowly from the latest COVID shock

As Shanghai tries to reopen businesses, the downtown area over the weekend prevented residents from leaving their apartment complexes again for mass virus testing. Pictured here, in another area on May 21, 2022, there is a line outside a mall. What is Kikia | China Optical Group | Getty Images BEIJING – Many economists predict … Read more

Opinion: “I feel like I’m relive the summer of 2008.” Strategist David Rosenberg sees a bear market sinking the S&P 500 to 3300

The US stock and bond markets are finally starting to catch up with our views. We’ve always thought the last couple of years represented a fake bull market built on sand, not concrete. And frankly, we also remain steadfast in the opinion that Inflation scare will pass soon The bull market is extrapolated and hyperbolised … Read more

Wall Street takes a breather, but a bear market looms

Placeholder while loading article actions Wall Street was poised for some respite on Monday, with major US indexes rising in morning trading after last week’s spectacular volatility. But the global and economic currents that have been causing turmoil in the markets for weeks are showing no signs of abating. The Dow Jones Industrial Average rose … Read more

First on CNN: White House Explores Emergency Diesel Reserve Utilization to Ease Price Rise

Diesel is a vital fuel for the American economy, providing not only power for agricultural and construction equipment, but also trucks, trains, and boats that move goods across the country. Extremely high diesel prices are likely to pass on to families, contributing to America’s worst inflation crisis in four decades. Diesel stocks in the Northeast … Read more

Biden launches Indo-Pacific trade deal, warns of inflation

TOKYO (AFP) – President Joe Biden on Monday launched a new trade deal with 12 Indo-Pacific nations aimed at boosting their economies as he warned Americans worried about rising inflation that it “will be a burden” before they can get comfortable. The president said he doesn’t think recession is inevitable in the United States Biden, … Read more