Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stock futures are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its … Read more

Petro and Colombia’s Rule of Law

Former M-19 rebel Gustavo Petro won Colombia’s runoff presidential election Sunday with 50.5% of the vote. His opponent, businessman Rodolfo Hernandez, received 47.3%. The rest of the votes were either intentionally blank or annulled by electoral authorities. With nearly half of all voters declining to endorse Mr. Petro, there is no mandate for radical change. … Read more

Texas A & M’s Unreported Foreign Funding

Intellectual property theft and economic espionage by foreign governments have become major problems at US colleges and universities. That’s why federal law requires colleges to report foreign-sourced gifts and contracts worth at least $ 250,000 in a calendar year. The Education Department in 2019 launched an investigation into foreign funding at several prominent American institutions … Read more

Texas A & M’s Unreported Foreign Funding

Intellectual property theft and economic espionage by foreign governments have become major problems at US colleges and universities. That’s why federal law requires colleges to report foreign-sourced gifts and contracts worth at least $ 250,000 in a calendar year. The Education Department in 2019 launched an investigation into foreign funding at several prominent American institutions … Read more

The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails

Last week’s shock US inflation number continues to tear through markets, with dip buyers seemingly in hiding. Hardest hit Nasdaq-100 futures are down 3%. Investors are now focused squarely on Wednesday’s Fed outcome, with expectations the central bank may need to do something bold, driving even more anxiety out there. The aftermath of Wall Street’s … Read more

Russian Oil Producers Stay One Step Ahead of Sanctions

Europe just targeted Russian crude with its toughest sanctions yet, but shippers and refiners are getting the oil to market by obscuring its origins. Some fuels believed to be partially made from Russian crude landed in New York and New Jersey last month. The cargoes were brought through the Suez Canal and across the Atlantic … Read more

OPEC Weighs Suspending Russia From Oil-Production Deal

Some OPEC members are exploring the idea of ​​suspending Russia’s participation in an oil-production deal as Western sanctions and a partial European ban begin to undercut Moscow’s ability to pump more, OPEC delegates said. Exempting Russia from its oil-production targets could potentially pave the way for Saudi Arabia, the United Arab Emirates and other producers … Read more

Blinken’s Indo-Pacific Blueprint – WSJ

Secretary of State Antony Blinken gave his long-awaited speech laying out the Biden administration’s China policy last week at George Washington University. It was a clear statement of American national strategy that will be closely read by foreign ministries and leaders around the world. Since 1945, Mr. Blinken said, America and its allies have built … Read more

Stocks Fall, Oil Prices Gain as EU Commits to Partial Russian Crude Ban

US stocks fell on Tuesday, resuming their downward trajectory after last week’s rally, while a pledge among European Union leaders to curb oil purchases from Russia lifted crude prices. The S&P 500 dropped about 0.6% in morning trading, a day after US markets were closed for Memorial Day. The benchmark index had risen 0.6% for … Read more