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Business Maverick: Stocks drop amid China Covid worries, Fed rate: markets wrapStocks and emerging-market currencies decline in Asia amid concern that China may tighten Covid curbs after reported deaths, and as investors weigh the outlook for US rate hikes.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Energy Stocks Weigh on S&P 500 Amid Demand Fears: Markets WrapUS stocks dropped amid concerns about the growth outlook in the US as the Federal Reserve vows to be persistent to fight inflation. Investors are also seeking shelter in the dollar as worries mount that China may tighten Covid curbs after a string of reported deaths.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Wall Street wants Xi’s money-minting markets to come backMore than two years of growth-squelching policies sent international investors fleeing China. It’s taken all of two weeks to lure them back.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Crypto markets sag as funds drained from FTX switch out of EtherCryptocurrency prices struggled on Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried’s once powerful FTX empire. Hopefully the adverts that see encouraging small and large investors will disappear. People have lost life savings to this well presented scam.
Source: dailymaverick - 🏆 3. / 84 Read more »
OPEN FOR BUSINESS: Saudi Arabia and SA – reviving business relations with the Gulf regionPresident Ramaphosa completed a successful visit to the Gulf state, focusing on economic diplomacy and reviving a business council. The focus will be on reviving relations in the areas of: mining and commodities; healthcare and pharmaceuticals; tourism, entertainment and leisure; agribusiness and food; and energy. Who in their right mind will want to do business with Demon Cyryl Ramaphosa who is a spineless failure and a thief and also 'a tsotsi from Chiawelo ' . This demon spews more lies than anyone else in Mzanzi. Growth with stage 5 rolling blackouts with to real plan in place to improve the situation?
Source: dailymaverick - 🏆 3. / 84 Read more »