Economy coming out of the shadow of the pandemic: RBI paper

The Indian economy is picking up leaving behind the shadow of the pandemic as consumer demand improves and supply constraints ease due to strong kharif agricultural production and revival in manufacturing and services. Also softer food prices are aligning headline inflation closer to the target of 5.3 per cent for FY’22. Yet global uncertainties, rising … Read more

Bitcoin bull Mark Yusko sees trouble at $60,000, calls the cryptocurrency ‘overbought’ right now

A bitcoin bull is on pullback watch. Hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks. “There are a lot of people that think we could hit $100,000 by the end of the year. The stock to flow model says we should,” the … Read more

Social Security beneficiaries will soon see the biggest jump in monthly checks in 40 years. How to prepare

VALERIE MACON | AFP | Getty Images People who collect Social Security are about to see bigger checks. The cost-of-living adjustment in 2022 will be 5.9%, the Social Security Administration said Wednesday. The bump, which will help beneficiaries keep up with rising costs due to inflation, is the largest increase in about 40 years. The … Read more

China risks making ‘big mistakes’ with widespread crackdown, says ex-IMF chief economist

China risks making “big mistakes” as it cracks down on large swathes of its economy from technology, to private tutoring and real estate, said a former chief economist of the International Monetary Fund. “I worry a lot about China because to some extent they’re attacking the basis of their growth so far,” Raghuram Rajan told … Read more

Why a top currency strategist decided now is the time to sell the dollar

U.S. dollars are counted by a at a bank in Westminster, Colorado. Rick Wilking | Reuters Top currency strategist Jens Nordvig said he has exited his long positions in the dollar and is looking for opportunities to short it, particularly against emerging market currencies. Source link

Social Security cost-of-living adjustment will be 5.9% in 2022

The Social Security cost-of-living adjustment will be 5.9% in 2022, the Social Security Administration announced on Wednesday. The 5.9% COLA will be the biggest boost to Social Security beneficiaries’ checks in about 40 years. In 2021, the Social Security COLA was 1.3%. More than 64 million Social Security beneficiaries will see the increases in their … Read more

Short-term gilts suggest RBI policy normalisation still some time away

NEW DELHI: Perhaps the biggest takeaway for markets from the Reserve Bank of India’s monetary policy statement last week was that normalisation of the ultra-accommodative policies has started in the country. The central bank, aware of the risks of adding fresh liquidity to the banking system amid upside risks to inflation, paused the government security … Read more

Tech weakness is a major buying opportunity for investors: Invesco

Investors may want to hit the buy button the next time technology stocks sell off. Invesco’s Kristina Hooper contends the group is playing a crucial role in corporate America’s desire to boost productivity. “Technology over the longer term is going to benefit from increased corporate spending,” the firm’s chief global market strategist told CNBC’s “Trading … Read more

Cramer says to buy tech stocks on dips as the market tries to find support

Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that wild swings on Wall Street in October are indicative of a market trying to find a bottom, and that’s why he likes beaten-up technology stocks at current levels. Source link

Eyes on the supply-side: Disruptions could lead to further price increases

The Covid-induced global lockdowns in 2020 ignited supply chain disruptions, which, in turn, paved the way for a great loss of global demand. Consequently, oil prices plummeted significantly to levels last seen in 2002, and indices of Commodity Research Bureau (CRB), Baltic Dry, London Metal Exchange and S&P GSCI tumbled to multi-year lows. This plunge … Read more