-- European stocks edged higher as traders weighed diplomatic efforts by the US and its allies to prevent further escalation of the Israel-Hamas conflict and braced for the start of earnings season.US to Tighten Curbs on China’s Access to Advanced Chip Tech
Dan Boardman-Weston, CEO and chief investment officer at BRI Wealth Management said markets have been “pretty quick” at pricing in what has been happening in the Middle-East over the past week. A surge in global borrowing costs means eurozone rate-setters have probably done enough to tame inflation, said Spain Central Bank Governor Pablo Hernandez de Cos, in an interview with the Financial Times. Still, the European Central Bank won’t lower interest rates until September 2024, according to a new poll of economists — suggesting the message from policymakers that cuts won’t come soon is sinking in.
Super-rich Americans are now giving up on the stock market, holding historic levels of cash — here's why and what they're plowing their wealth into instead Warren Buffett's business partner, Charlie Munger, would be a lot richer today if he hadn't sold or donated over 75% of his Berkshire Hathaway stock. -- Lithium giant Albemarle Corp. has walked away from its A$6.6 billion takeover of Liontown Resources Ltd., after Australia’s richest woman built up a blocking minority and effectively scuppered one of the largest battery-metals deals to date.
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