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Invest news

A collection of 131 issues

Blackrock expects Fed rate hike to 3% in 2023

Strategists at Blackrock, the world's largest asset management firm, believe the Fed will raise rates to about 3% next year. They also noted that if they tightened policy in 2021 and brought inflation to the 2% target, U.S. unemployment could reach 10%. Blackrock also said it sees a neutral

Iran opens new plant to produce parts for advanced uranium enrichment centrifuges

Recall that the Iran nuclear deal was never re-signed.

Waller at the Fed: The latest inflation data came as no surprise

The Fed will continue its plan to raise rates to get inflation under control. The consumer price index for March is "almost a peak," Waller added. Waller also noted, Higher mortgage rates will affect how much people will buy homes for. Prices will come down in the coming months. "The

Bitcoin could become the reserve currency of a new era

Terraform, which plans to buy $10 billion worth of bitcoins to support TerraUSD, has started it. According to a Terraform spokesman, steibcoin, backed by bitcoin reserves, "will usher in a new monetary era of the bitcoin standard.

OPEC oil production in March rose by only 57,000 bpd to 28.56 million bpd in February, the group's report

OPEC raised its 2022 U.S. oil production forecast, expecting an increase of 0.86 mb/d to 12.04 mb/d. OPEC lowered its 2022 outlook for oil production outside the organization, now expecting it to be 66.26 million bpd. OPEC lowered its forecast for growth in global

Optimism about global growth has dropped to an all-time low, and fears of recession are rising in the global investment community, Bank of America

The percentage of investors expecting the economy to deteriorate is the highest on record, according to the bank's April survey. Expectations of stagflation have jumped to their highest level since August 2008, while currency risk has risen to an all-time high.

Indian Oil has withdrawn Russian Urals oil from the latest tender.

Earlier, the head of the Pentagon said that the U.S. and India would launch a "defense exchange" in the space sphere between the military departments by the end of the year. He also added that relations between Russia and India were developing when Washington could not fully cooperate with

Germany's economic sentiment index fell to pandemic lows as companies fear rising energy prices

The ZEW Institute's index of expectations fell to -41 in April from -39.3 in the previous month. "Experts are pessimistic about the current economic situation and suggest it will continue to worsen," ZEW President Achim Wambach said Tuesday.

Prospective DLE: Ford plans to buy lithium in Argentina

The company said Monday it has signed a preliminary deal to buy lithium from Lake Resources NL (LKE). This is the first time the automaker has disclosed information about its supplier of battery materials. Lake Resources is notable for its use of DLE technology, which reduces the resource costs of

Bitcoin fell more than 5% below $40,000

From a peak above $48,000 in late March, bitcoin and other tokens have fallen due to fears of tighter monetary policy. Even last week's Bitcoin 2022 conference in Miami wasn't enough to reverse the trend. Teong Hng, executive director of Hong Kong-based Satori Research, believes that it is forecasts