Author: super@dmin

Financial markets haven’t priced in an imminent recession, as risky asset valuations are still well above recessionary levels, said strategists at Goldman Sachs. 

U.S. oil prices on Monday briefly erase their year-to-date gain as uncertainty surrounds Chinese energy demand and an OPEC+ output decision looms.

The collapse of crypto exchange FTX will be the subject of a Senate hearing this week, one of what’s expected to be many inquiries by Congress.

Unemployment in the U.S. could climb to 5% in 2023 from the current rate of 3.7% due to rising interest rates, a senior Federal Reserve official said Monday.

Walt Disney Co.’s Chief Executive Robert Iger told employees in a companywide town hall meeting that he will give priority to creativity and that he will chase profitability over growing subscriber numbers at Disney’s streaming services. 

The bankruptcy of the cryptocurrency lender has put 100,000 creditors in a bind as the contagion from FTX’s collapse spreads.

The pain will be much greater for those who had money at failed exchanges or lenders such as FTX and BlockFi.

Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in U.S. equities heading into year-end, according to Tom Lee of Fundstrat Global Advisors.

Gold prices head lower in Monday trading as traders watch protests in China.

Shopify stock surges as merchants see Black Friday sales jump 17%. The average cart price, however, rose just 1.1%.