Stocks fall, dollar holds steady as market assesses Fed rate policy

Stocks fall, dollar holds steady as market assesses Fed rate policy

NEW YORK/LONDON, Dec 6 (Reuters) – Global stocks headed for their third straight day of losses on Tuesday and the dollar held steady as the market gauges how long the Federal Reserve will keep interest rates high and the likelihood of a that politics causes a recession. US stocks followed European stocks lower, with all … Read more

Fort Worth’s Bell Textron wins contract to replace Black Hawk

Fort Worth’s Bell Textron wins contract to replace Black Hawk

The Army chose Bell Textron to develop the next generation of fighter aircraft, based on Bell’s V-280 Valor tiltrotor. Bell Fort Worth-based Bell Textron Inc. has been awarded a potentially multi-billion dollar development contract for the US Army’s next generation of helicopters to replace its fleet of Black Hawks. Textron announced the award Monday for … Read more

Philadelphia is launching a plant-based cream cheese

Philadelphia is launching a plant-based cream cheese

New York CNN Business — Philadelphia Cream Cheese is launching a non-dairy version of its signature spread. The plant-based cream cheese is now available in grocery stores in Atlanta, Houston, Miami and other places in the Southeast, with a broader rollout planned for summer 2023. The new variety is made with coconut oil and protein … Read more

IEA: The world will get enough renewable energy in 5 years to supply China

IEA: The world will get enough renewable energy in 5 years to supply China

London CNN Business — Global renewable energy capacity will grow as much in the next five years as it has in the last two decades, as rising energy prices and the climate crisis force governments to ditch fossil fuels. In a report released Tuesday, the International Energy Agency forecast a sharp acceleration in renewable energy … Read more

Robinhood offers 1% retirement match as retail boom fades

Robinhood offers 1% retirement match as retail boom fades

Online brokerage firm Robinhood (HOOD) is rolling out retirement accounts for users of its mobile app, a move that comes as the retail frenzy that boosted the company’s fortunes last year fades. Robinhood will offer customers a 1% match on their traditional or Roth IRA accounts, the company said Tuesday. Users can start investing in … Read more

Exclusive: Goldman Sachs on the Hunt for Crypto Bargains After FTX Fiasco

Exclusive: Goldman Sachs on the Hunt for Crypto Bargains After FTX Fiasco

LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars to buy or invest in cryptocurrency companies after the FTX stock market crash hit valuations and dampened investor interest. The FTX implosion has increased the need for more trusted and regulated cryptocurrency players, and big banks see an opportunity … Read more

TSMC triples investment in Arizona chips to $40 billion

TSMC triples investment in Arizona chips to  billion

Taiwan Semiconductor Manufacturing Company will more than triple its investment in the US state of Arizona to $40 billion as geopolitical tensions put pressure on the world’s largest contract chipmaker to step up diversification of its production facilities. TSMC is currently investing $12 billion in building a manufacturing plant or “factory” in Arizona that was … Read more

Bitcoin Could Drop To $5,000 Next Year: Markets And Prices Bitcoin News

Bitcoin Could Drop To ,000 Next Year: Markets And Prices Bitcoin News

Standard Chartered Bank says the bitcoin price could fall to $5,000 next year. The bank analyst explained that cryptocurrencies could fall further and that more cryptocurrency companies could “succumb to liquidity constraints and investor withdrawals.” Standard Chartered Bank $5K Bitcoin Scenario Standard Chartered Bank published a note titled “Financial Market Surprises of 2023” on Sunday. … Read more

Lower oil prices on the horizon as China enters the next phase of the Covid crisis

Lower oil prices on the horizon as China enters the next phase of the Covid crisis

Since the late 1990s, China has been the big beast in global oil markets, driving demand for oil and other commodities that it used to fuel double-digit economic growth every year for many years and then high growth of a single figure for subsequent years. . As late as 2017, China’s high economic growth rate … Read more