Filip De Mott

Israel’s oil export was sold to commodities giant Vitol through a multi-cargo agreement.

One company controlled by the Wagner Group founder saw $134 million in sales from energy concessions granted by Syria, the Financial Times found.

“We reiterate our overweight recommendation on the sector and would use any large selloff as an opportunity to add risk,” Goldman Sachs said.

The US will drop into a recession this quarter, as the economy is flashing signs it’s cooling down, billionaire investor Bill Gross tweeted on Monday.PIMCO’s former chief investment officer based his forecast on regional bank challenges and a jump in auto loan delinquencies — in September, a record 6.11% of subprime borrowers have fallen behind on car payments in over 60 days, while vehicle repossessions have also jumped, Fitch Ratings reported. “Regional bank carnage and recent rise in auto del…

Recent inflation data has convinced markets of a dovish pivot by the Federal Reserve.But the market wrongly priced in a looser stance at least six times in the last few years, Deutsche Bank wrote.The stock market has been on a tear over the last month on hopes for a dovish pivot from the Federal Reserve, but investors have seen this movie before.In fact, markets have incorrectly priced in such a pivot six times over the last two years, according to Deutsche Bank, which sounded cautious about thi…

Blackstone agreed to acquire Apartment Income REIT Corp, the private equity firm announced Monday. Shares of AIRC jumped over 22% as Blackstone plans to take it private in a $10 billion transaction.Shares of Apartment Income Reit Corporation surged over 22% on Monday after Blackstone announced that it would take the real estate investment trust private. In a press release, the private equity giant said that it would acquire all outstanding shares of the real estate investment trust, known as Air…

Markets climbed higher as investors get ready for a line up of mega-cap earnings.Tuesday continued this week’s steady rebound, after stocks fell sharply last week.Stocks ticked higher Tuesday morning, as a lineup of mega-cap earnings this week fuels hope for a market comeback.That’s after the equity rally tumbled sharply last week, with rate-cut outlooks crushed by hot economic data. As monetary policy isn’t expected to ease any time soon, Treasury bond yields continued to rise higher Tuesday.In…

The market is laying bets that the Federal Reserve is on the cusp of cutting interest rates, but Jamie Dimon thinks the central bank is at risk of moving too soon.The JPMorgan chief told the Swiss newspaper NZZ that inflation might not settle down for good, even though it has been moving steadily lower since peaking in the summer of 2022.“It would be good if the Fed waited now,” Dimon said in an interview published Wednesday. “I think there are a lot of reasons why inflation could rise again in…

Household investments are reduced by roughly $2 for ever dollar wagered, the researchers found.

Russia could start cryptocurrency exchange trails as soon as next month, in order to solve payment issues caused by Western sanctions.

The fourth quarter started with weak trading in equities as investors held back ahead of key labor and manufacturing prints.

Amazon reported earnings that saw net sales come in stronger than Wall Street forecasts. The stock climbed 6% in after-hours trading.