Oil is up roughly 10% since the outbreak of the Israel-Iran conflict, with Wall Street warning of further upside risk if Iran — a major oil producer — is destabilized. On Wednesday, West Texas Intermediate futures (CL=F) was little changed to settle at $75.14 per barrel following a bigger than expected decrease of US oil…
We publish a lot of articles on how you might become a millionaire — and it’s true, you could become a millionaire. But young people can aim much higher than that: They could become multimillionaires, because they have a lot more time in which their money can grow for them. Here’s a look at a…
Household ownership of the U.S. stock market is near a record, but that could be a worrisome development, according to Ned Davis Research. Individual investors are the largest owner of stocks, having allocated roughly 48% of their assets to equities in the first quarter, analyst London Stockton said in a note. The comeback rally of…
Financial markets picked up the clear message when Donald Trump cut short his stay at the G7 summit in the Canadian Rockies this week. Despite calls from fellow western leaders to de-escalate the crisis, the president’s early return to the White House was taken as a sign that the US is considering joining Israel in…
U.S. or Israeli military action that leads to regime change in OPEC member Iran would have a profound impact on the global oil market, according to JPMorgan. “If history serves as a guide, further destabilization of Iran could lead to significantly higher oil prices sustained over extended periods,” Natasha Kaneva, head of global commodities research…
Wednesday’s Federal Reserve update kept intact a key interest rate projection that Wall Street was looking for, but it also raised concern about deeper structural problems for the U.S. economy. The official forecast from Fed officials still pointed to two interest rate cuts in 2025. But Fed officials also lowered the outlook for economic growth…
The Federal Reserve’s latest “dot plot” outlining future interest rate moves suggests the central bank will still cut rates twice this year, unchanged from its March outlook, though June’s forecasts shows a more divided Fed weighing its next move on interest rates. The Fed announced Wednesday that it held its benchmark interest rate in a…
The 2024/25 Territory-wide Junior Secondary Chinese History and Culture Quiz Final and Prize Presentation Ceremony held at Lingnan University. Organised by the Education Bureau (EDB) of the HKSAR Government, with the support from the Hong Kong and South China Historical Research Programme (HKSCHRP) of Lingnan University, the 2024/25 Territory-wide Junior Secondary Chinese History and Culture Quiz Final and Prize…