Stocks, oil drop, dollar gains amid recession fears

Investors are also keeping a close eye on London, after new finance minister Kwasi Kwarteng’s tax-cutting mini-budget last week sent shock waves through markets, pushing the pound to a record low and leading to dire warnings for Britain’s economy.

Several Fed officials have lined up this week to reassert their determination to keep hiking until prices are brought under control, even at the cost of a recession. “The fact we have such a strong increase in US yields is attracting flows into the US dollar,” said Nannette Hechler-Fayd’herbe, of Credit Suisse Group AG.

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How Top Officials Of Oil Company, NNPC Limited Engage In Massive Contracts Fraud, Multi-billion Dollars Corruption | Sahara Reportersoil minister is who again 🤔 Buhari is a sadistic arrogant fellow who doesn't know the cost of a barrel of crude. I'm also sure there are many other things Buhari doesn't know like when he said there's nothing like subsidy in 2014. Now that he is president and minister for petroleum subsidy has tripped. Prison await all of them...
Source: SaharaReporters - 🏆 9. / 63 Read more »