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Summer Oil Spike Looms, Morgan Stanley StrategistAlerts

KEY POINTS Investors could be caught off guard by the strength of an oil price rally this summer, according to Morgan Stanley’s Martijn Rats. His comments came as oil prices rose on Wednesday amid fears of potential supply disruption. “Look, we’re not calling for the super cycle, but we could have a bit of strength [...] READ MORE

The Fight Against Counterfeit Dollars: What You Need toKnow

(NEXSTAR) — Americans are increasingly using less cash, but fake money is still all the rage.   In 2023 alone, the Secret Service says it seized $21.8 million in counterfeit currency, leading to nearly 200 arrests. (Yes, the Secret Service is tasked with protecting the president, vice president and others, but the agency also investigates [...] READ MORE

CNBC’s February Inflation Breakdown

KEY POINTS Consumers still grappled with price growth in February, new government data shows. Here’s which goods and services went up the most. Shoppers are seen in a Kroger supermarket in Atlanta on Oct. 14, 2022. Consumers continued to contend with higher inflation in February, according to new government data.   The consumer price index [...] READ MORE

Homeownership Hopelessness: Renters Doubt FuturePossibilities

The rise in home prices coincides with a severe drop in new housing construction after the Great Recession, the report said. Photograph: David Paul Morris/Bloomberg via Getty Images The American dream of owning your own home is dead, according to the majority of renters surveyed in a new poll shared exclusively with the Guardian, and [...] READ MORE

Potential Layoffs Ahead as Companies Brace for Interest RateHikes

mathisworks/Getty Images The economy could be primed for a surge in layoffs by the end of 2024, economic experts say. That's because aggressive Fed rate hikes haven't been fully felt across the economy. Unemployment could rise to around 5% by year-end, according to economist David Rosenberg.   A wave of layoffs could be coming as [...] READ MORE

Tax Season and Rising Debt Costs Push U.S. February DeficitWider

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. March 12 (Reuters) - The U.S. federal budget deficit grew in February with outlays surging as annual tax-filing season kicked into gear and interest costs on the national debt kept rising, the U.S. [...] READ MORE

South Korea’s Reserve Bank Holds Back AmidGlobal Rush

Gold bars (Courtesy of Getty Images) South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns that Asia’s fourth-largest economy is one of a handful of nations missing out on the great profit-making opportunity.   According to the World Gold [...] READ MORE

Ukrainian Drones Strike Deep, Hitting Major Russian OilRefinery

Summary Ukraine launches mass drone attack Fire at NORSI refinery, drone downed near Kirishi NORSI is badly damaged - sources Russia says it repels cross-border attack by Ukrainian proxies   MOSCOW, March 12 (Reuters) - Ukraine pounded targets in Russia on Tuesday with dozens of drones and rockets in an attack that inflicted serious damage [...] READ MORE

Economists Question the Recession-Predicting Power of theInverted Yield Curve

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 28, 2024. BENGALURU, March 12 (Reuters) - A key indicator of an oncoming recession implied by the U.S. bond market is no longer reliable, according to nearly two-thirds of strategists polled by Reuters.   A persistent [...] READ MORE