Earnings Are Looking Bad. But What’s Coming Could Be Even Worse
Wall Street is bracing for a rough earnings season as macroeconomic issues weigh on profit margins.
Brainard Says Fed Committed to Avoiding Pulling Back Early
Fed Chair Brainard said bank will keep interest rates high for a time to bring inflation down, acknowledging need to watch global financial-stability.
Biden to Release 10 Million Oil Barrels Ahead of EU-Russian Ban
Department of Energy will offer additional US reserve crude for sale ahead of plans by the European Union to ban most Russian oil in December.
Gold Firms Above $1,700/oz on Hopes of Less Aggressive Fed
Gold prices held above the key $1,700 per ounce level on Monday, as hopes that the Federal Reserve might slow the pace of rate increases.
Saudi Prince Says Oil’s Disconnect May Force OPEC+ Action
Saudi Energy Minister: “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals.