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European markets open to close, earnings, data and news

The Bank of England is right to hold off on rate hikes as the pound slumps, investment director says The U.K.’s central bank shouldn’t rush to increase interest rates, according to Julian Howard, Lead Investment Director of Multi Asset Solutions at GAM Investments, despite the slumping pound. “I don’t think it’s the Bank of England’s … Read more

China’s new electric cars cost more to insure than fuel-powered cars

In China, new energy vehicles typically receive green license plates – which is often easier for residents to apply for versus the blue license plate of a traditional fuel-powered car. Vcg | Visual China Group | Getty Images BEIJING — While Chinese companies churn out new electric cars, local insurance firms think they’re more expensive … Read more

European markets open to close; sterling slumps against the dollar

Brent crude slides below $85 a barrel as dollar surges Brent crude fell below $85 a barrel Monday, as recession fears mount and the U.S. dollar surged. Brent futures for November settlement were trading down over 1% around $84.92 at 8 a.m. London time. West Texas Intermediate futures also fell to trade around $77.93. Central … Read more

Stock futures are little changed as investors prepare for the S&P 500 to test its June low

Traders work on the floor of the New York Stock Exchange during morning trading on September 06, 2022 in New York City. Michael M. Santiago | Getty Images U.S. equity futures were little changed Sunday evening after surging interest rates and foreign currency turmoil pushed the major averages to near their lows of the year. … Read more

Buy these ‘free cash flow favorites’ as the S&P 500 prepares to test June lows

As investors prepare for equities to possibly retest their lows of the year, Evercore ISI has lowered its target on the S & P 500 and said traders should look to buy shares of companies with strong cash flow. Markets have tumbled this week on fears the Federal Reserve’s commitment to aggressive rate hikes through … Read more

European stocks slide 2.8% after weak euro zone data, new UK economic plan

European stocks were sharply lower on Friday, as investors digested a raft of central bank decisions and a new economic plan from the U.K. The Stoxx 600 was down 2.8% in early afternoon trading, with all sectors and major bourses trading in the red. Oil and gas stocks and basic resources were the biggest fallers, … Read more

FedEx, Costco, Boeing and more

Check out the companies making headlines before the bell: FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in annual costs. FedEx fell 3.2% in the premarket. Costco (COST) – Costco lost 3.3% in the premarket despite reporting better-than-expected profit … Read more

Credit Suisse says buy stocks with this characteristic popularized by Warren Buffett

Credit Suisse is recommending stocks with a characteristic favored by Warren Buffett for investors navigating growing risk in equity markets. The firm expects companies with “economic moats” could help investors shield their portfolios from increasing economic uncertainty. It’s a term popularized by the legendary investor that refers to a company’s ability to maintain competitive advantages … Read more

Charts suggest inflation could soon come down ‘substantially,’ Jim Cramer says

CNBC’s Jim Cramer on Thursday said that inflation could soon decline, leaning on charts analysis from legendary technician Larry Williams. “The charts, as interpreted by Larry Williams, suggest that inflation could soon cool down substantially — soon — if history’s any guide,” he said.  The “Mad Money” host’s comments come after the Federal Reserve on … Read more

Futures are flat following another day of losses after Fed rate hike, sell-offs

Stock futures were largely flat Wednesday night as investors continued reacting to the Fed’s rate hike and concerns over a potential economic downswing. The Nasdaq 100 was up 10 points or 0.09%. Dow Jones Industrial Average futures rose by 41points, or 0.14%. S&P 500 futures increased 4 points, 0.11%. Costco stock was down about 2.6% … Read more