ECONOMY

Will a Santa Claus Rally come to Wall Street this year?

The Fitz-Gerald Group principal Keith Fitz-Gerald and Great Hill Capital chairman Thomas Hayes discuss how November’s hotter-than-expected PPI data could affect Fed rate hikes on ‘The Claman Countdown.’ Amid ongoing inflationary pressures, rising interest rates, and a looming economic recession, Wall Street investors aren’t counting on a Santa Claus Rally this year. Typically, the last …

Will a Santa Claus Rally come to Wall Street this year? Read More »

Job Vacancies Fall 3.3% in Canada, First Quarterly Decline Since Pandemic

(Bloomberg) — The number of vacant jobs in Canada fell for the first time since the pandemic, easing from record highs in a possible turning point for the country’s labor market. Most Read from Bloomberg Openings fell 3.3% on a seasonally adjusted basis to 959,615 in the third quarter, Statistics Canada reported Monday. That’s probably …

Job Vacancies Fall 3.3% in Canada, First Quarterly Decline Since Pandemic Read More »

Rouble slumps to 7-month low, biggest one-day drop since July

Russian ruble plunges over 4% against dollarRouble on course for biggest 1-day drop since JulyCurrency hits 68.4800 vs dollar, weakest since May 11Pressure from fears over impact of oil restrictionsThis content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW , Dec 19 (Reuters) – The trouble slumped to …

Rouble slumps to 7-month low, biggest one-day drop since July Read More »

EU agrees on gas price cap after Germany drops opposition | DW News – DW News

EU agrees on gas price cap after Germany drops opposition | DW News DW NewsEU approves measure to limit natural gas prices in effort to combat energy crisis CNBCEU Mulls Lower Gas-Price Cap Bloomberg Markets and Finance EU countries agree gas price cap after weeks of talks Reuters’Crunch time’: EU members in last-minute push to …

EU agrees on gas price cap after Germany drops opposition | DW News – DW News Read More »

Giorgia Meloni scraps plan to allow businesses to refuse digital payments

Italy’s rightwing government has scrapped plans to allow local merchants to refuse digital payments for transactions under €60, averting a potential a showdown with Brussels on the use of cashFinance minister Giancarlo Giorgetti told legislators the controversial proposal, which would have scrapped penalties for merchants rejecting digital payments for transactions under €60, was being dropped …

Giorgia Meloni scraps plan to allow businesses to refuse digital payments Read More »

Homebuilder sentiments plunge in December for the 12th straight month

Piper Sandler chief investment strategist Michael Kantrowitz discusses the health of the US economy and where the housing market heads as the Fed continues to raise rates on ‘Mornings with Maria.’ Confidence among builders in the US housing market unexpectedly fell in December to the lowest level in a decade as painfully high inflation and …

Homebuilder sentiments plunge in December for the 12th straight month Read More »