Dow closes best month in 46 years
There’s a popular investment strategy to buy stocks October 31 and sell May 1.
Investing
Global food crisis back on? Russia bails from grain deal
Russian officials reneged on its deal with Ukraine clearing the Black Sea for grain exports.
Cardano NFTs become third-largest NFT protocol by trading volume
Cardano is now the third-largest nonfungible token (NFT) protocol by trading volume
Coming up on the markets
The upside surprise in inflation could mean an RBA cash rate increase of either 40 or 50 basis points.
Meta sticks to metaverse plans as already-meager sales evaporate
Focus on the metaverse comes as advertising revenues are under pressure.
Microsoft and Alphabet’s US$250 billion stock plunge fuels fears of earnings recession
One analyst predicts a slew of bad corporate earnings will continue through next quarter.
Chinese top stocks shed nearly US$70 billion in US
The Nasdaq Golden Dragon China Index fell 14% Monday and is down nearly 80% from its February 2021 peak.
The $5 billion renewables fund backing the big green superpower opportunity
The new deals will be the catalyst for transformation of what is currently a Quinbrook portfolio business into a platform business.
Coming up in the markets
Federal Budget, inflation numbers and central bank meetings overseas are the focus for markets.
How stocks and bonds cratered during Liz Truss’ tenure
Bond yields in the U.K. and U.S. skyrocketed to their highest levels since 2008 as the market lost confidence in governments’ ability to navigate a looming recession and digested sticky inflation data.