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Investors priced in a 6-week Iraq War but it lasted 8 years and cost $3 trillion. They’re doing it again
As oil topped $120 a barrel Monday and Iran named a new Supreme Leader, Wall Street is still betting this war will be short—the same bet investors made about Iraq in 2003, when a conflict predicted to cost $60 billion ultimately consumed $3 trillion. Those trillions ultimately showed up as higher deficits, higher borrowing costs, and a decade of elevated…
Odds of a stock market meltdown with 1970s-style stagflation jump to 35% this year, veteran strategist warns
The 1970s are making a comeback, but not in a good way, as surging oil prices, a weak job market, and slowing growth revive memories of stagflation.And like the ’70s, Iran is at the center of it again. The earlier shock began with the Arab oil embargo in 1973 and received another jolt from Iran’s Islamic revolution, forcing motorists to…
‘Nightmare scenario’ looms as global markets head for the biggest oil output disruption in history, top energy guru warns
The U.S.-Israeli war on Iran is quickly spiraling into a worldwide energy crisis as the de facto closure of the Strait of Hormuz forces top oil producers to start slashing output.“One legacy of all this has been the nightmare scenario of the oil that flows through the Gulf being interdicted by an extended and destructive war,” he added. “The fear?…
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Nvidia’s Stock Soars After Record Earnings and AI Chip Demand Surge
The tech world is abuzz after chipmaker Nvidia (NVDA) released a stellar…
India Revs Up EV Industry: New Policy to Attract Investment
Buckle up, India! The Indian government has shifted into high gear with…
UBS Recommends European Stocks Over US: A Shift in Investment Strategy
In a surprising shift, investment banking giant UBS urges investors to focus…
US Stock Market Watch: Earnings Season Spotlight on Walmart and Market Trends
It's a pivotal week for the US stock market as earnings season…
Chinese EV Makers Brace for Impact: Potential US Tariffs Shake Industry
Chinese electric vehicle (EV) makers feel the shockwaves of a potential US…
Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies
The Indian stock market has witnessed a period of turbulence, with the…
Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans
Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…
AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development
Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…
Investment Banks Celebrate Record $1.3 Billion in Fees Amidst Mixed M&A Landscape
Investment banks are popping champagne corks after a banner year in 2023. According to data from LSEG Deals Intelligence, investment bankers collected a record-breaking $1.3 billion in fees, marking a…
