Stronger dollar down for the week as clues point to inflation peak

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Aug 12, 2022  •  15 minutes ago  •  3 minute read  •  Join the conversation Article content NEW YORK — The dollar rallied on Friday but was set for a weekly drop as traders weighed improving U.S. inflation data against comments from Federal Reserve officials … Read more

Utilities enter peak hurricane season lacking enough transformers – WSJ (NYSEARCA:XLU)

jonathansloane/E+ via Getty Images Power companies across the U.S. are facing a shortage of transformers heading into peak hurricane season, when the critical gear for delivering electricity is most at risk of destruction, according to a Wall Street Journal report. Utilities say wait times for transformers, used to move electricity from higher to lower voltages, … Read more

Life insurers move to set up new peak body – Life Insurance – Insurance News

Australian life insurers have made a “collective” decision to set up a dedicated peak body to advocate on their behalf, following a “significant change” in the industry before and after the Hayne royal commission. The Council of Australian Life Insurers (CALI) hopes to be “up and running” by the start of the October quarter, as … Read more

Stocks Break Out. There Are Signs Inflation and Interest Rates May Peak Sooner.

Text size A copper smelter in Jinhua, China. Copper prices, often a signal of where the economy is headed, fell 6% this past week. Top Photo/Sipa USA/Alamy The stock market has predicted nine of the past five recessions, economist Paul Samuelson famously quipped back in the 1960s. A half-century later, is the stock market driving … Read more

multibagger stocks: Buy or Sell? Multibagger stock riding on ‘Make in India’ theme down 46% from peak!

NEW DELHI: A direct beneficiary of India’s ‘Make in India’ and ‘Make for the World’ manufacturing push, multibagger midcap stock Dixon Technologies has given fabulous returns of over 650 per cent to investors in the last three years. On October 19, the day Nifty hit its peak, the stock also touched an all-time high of … Read more

Life peak body aims for Q4 start as new code finalised – Daily – Insurance News

Australian life insurers announced today they have commenced work to form a peak body to serve as the “collective voice” of the industry, which until now has been represented by the Financial Services Council (FSC). The announcement comes as the industry prepares for a new Life Insurance Code of Practice that will come into force … Read more

Klarna tries to raise cash at less than half its peak $46bn valuation

Klarna is trying to raise fresh cash at less than half its peak $46bn valuation, a dramatic drop that highlights the crisis of the “buy now, pay later” business model that helped make it Europe’s largest privately held company, according to people briefed about the matter. The Swedish fintech group has been forced to cut … Read more

Leon Cooperman Sees Recession in 2023, Stocks Down 40% from Peak By

© Reuters. Leon Cooperman Sees Recession in 2023, Stocks Down 40% from Peak By Staff Hedge fund manager Leon Cooperman is looking for a recession in 2023 and expects the to drop 40% from January’s all-time high of around 4800. Currently, the S&P is down around 22% from its highs. “I’m assuming by the … Read more