Author: FX

Scott Olson Tech stocks had a rough week of it, as the latest Federal Reserve comments about the economy cast a cloud over any early Christmas cheer on Wall Street. Chinese tech stocks were active as ongoing issues between Beijing and Washington continued to impact investor’s sentiment about many of China’s biggest tech leaders. Earlier in the week, the likes of Alibaba (NYSE:BABA) and JD.com (JD) got a boost as China filed a new complaint against the United States with the World Trade Organization. At issue were new U.S. rules against selling certain semiconductor technologies to Chinese companies due to…

24K-Production/iStock via Getty Images Self storage and hotel REITs dragged the REIT indexes down this week, with the FTSE Nareit All Equity REITs index down by 2.40%. Comparatively, the broader S&P 500 index and the Real Estate Select Sector SPDR ETF index fell 2.09% on a weekly basis. CubeSmart (CUBE) was down by 5.67% on an average, Extra Space Storage (EXR) by 4.38% and Public Storage (PSA) by 3.61% in the last five days. Host Hotels & Resorts (HST) was down 3.95% in the last five days, despite declaring quarterly and special dividend this week. Apple Hospitality REIT (APLE) fell…

peterschreiber.media It was an eventful week for financial stocks, as the Federal Reserve hiked its key rate by 50 basis points on Wednesday, a step down from its four previous 75-bp hikes, but still a hefty increase by historical standards. The central bank, though, showed no sign that it plans on pausing its tightening. That had equity investors worried that the aggressive policy could soon tip the economy into recession. The S&P 500 fell 2.9% for the week ended Dec. 16, with the Financial Select Sector SPDR ETF (NYSEARCA:XLF), dropping 2.4%. Brookfield Asset Management (NYSE:BAM), which was spun off from…

© Reuters. FILE PHOTO: A general view of a building of the Polish Police Headquarters, where, according to Poland’s interior ministry, top cop was injured by an exploding official gift, in Warsaw, Poland December 15, 2022. REUTERS/Kuba Stezycki WARSAW (Reuters) – Poland’s top policeman said that an explosion in his office was caused by a grenade launcher, telling private broadcaster RMF FM that he had received two of the weapons as a gift from Ukraine. Poland’s interior ministry and prosecutor’s office had not previously confirmed media reports that the explosion on Wednesday, at police headquarters in Warsaw, was caused by…

© Reuters. FILE PHOTO: Tunisian President Kais Saied arrives to meet with U.S. Secretary of State Antony Blinken (not pictured) during the U.S.-Africa Leaders Summit at the Walter E. Washington Convention Center in Washington, D.C, U.S., December 14, 2022. Mandel Ng By Tarek Amara and Angus McDowall TUNIS (Reuters) – Polls opened for a parliamentary election in Tunisia on Saturday, a vote boycotted by political parties that see it as capping President Kais Saied’s march to one-man rule over a country that shook off dictatorship in 2011. As Saied urged Tunisians to cast ballots on what he called a historic…

Not a good week again for the stock market, notably after FOMC and Fed Chair Powell’s speech. The Fed officials insisted on ‘higher rates for longer run’ in battling inflation, possibly above 5% next year, a level not seen since 2007. According to the central bank’s summary of economic projections for 2023, core PCE inflation is expected to remain above 3%, unemployment shall rise to 4.6%, while GDP is projected to undergo a slump towards 0.5%. Fig.1: Fed’s Projection for 2023. Source: Reuters At market close, USA500 ended below November’s closing price, at 3844. Among the listed companies, the electric…

Warning: BURBY is at high risk of cutting its dividend Source link

Warning: MARUY is at high risk of cutting its dividend Source link

As borders open up following prolonged COVID-induced travel restrictions, the Metaverse, one of the latest sub-crypto ecosystems, is set to help travelers decide on the destinations they want to experience in person, reveals a new survey conducted by Booking (NASDAQ:).com personally. Popular online travel agency Booking.com surveyed 24,179 respondents across 32 countries, which revealed travelers’ strong interest in virtually exploring destinations as they decide on their itinerary. Out of the lot, people most likely to try out travel experiences in the metaverse were Gen Z (45%) and Millennials (43%).Most popular type of vacation. Source: Booking.comContinue Reading on Coin Telegraph Source…

© Reuters. FILE PHOTO: A medical worker collects a swab sample from a person at a makeshift testing site next to a mobile testing vehicle dispatched from mainland China, following the coronavirus disease (COVID-19) outbreak, in Tung Chung, Hong Kong, China February By Ryan Woo and Winni Zhou BEIJING/SHANGHAI (Reuters) -Funeral homes across China’s COVID-hit capital Beijing, a city of 22 million, scrambled on Saturday to keep up with calls for funeral and cremation services as workers and drivers testing positive for the novel coronavirus called in sick. After declaring that the Omicron strain has weakened, and unprecedented public protests…