(Bloomberg) — Scott Bessent, a former Soros Fund Management investing chief, posted a 30% gain in his macro hedge fund this year through Tuesday — and he told clients he’s betting on a rising yen, gold and oil in 2023.
Stock market bulls have a “narrow path” to victory next year as long as inflation comes down faster than expected, according to Ed Yardeni, founder of his namesake research firm.
Banks are set to trim billions of pounds in financing for oil and gas producers in the UK’s North Sea after a windfall tax was imposed on the industry to help pay for the country’s energy crisis, a trade group says.
A lawyer for President Joe Biden told Republican lawmakers the administration did not plan to respond to letters seeking information for potential House probes, telling them they needed to resend those requests once they take over their committees in the next Congress.
The states hit hardest by blackouts in last week’s winter storm have significantly increased reliance on heating homes with electricity over the last decade, putting more strain on the power grid when temperatures plummet.
The Hard Rock Cafe is reopening its location in Caracas in a sign that international brands are starting to return to Venezuela amid an uneven economic rebound following years of hyperinflation and recession that drove many away.
Belarus said its air defenses shot down a Ukrainian S-300 surface-to-air missile that flew into its territory Thursday — a rare instance of the war spilling over the border into Russia’s ally, where an official downplayed the incident.
Applications for US unemployment benefits rose last week, but remained near historic lows, underscoring the enduring resilience of the labor market despite the Federal Reserve’s aggressive efforts to cool demand.
Italy didn’t find any new concerning Covid-19 mutations among recent arrivals from China who tested positive for the virus, a relief for officials worried about fresh health threats.
Within months of a 2008 fatal plane crash that killed five, federal authorities revoked the license of the Oklahoma company that arranged the charter flight for allegedly doing so illegally.
