Here are Q4 strategies from advisors amid rate hikes and high inflation

Ridofranz | Istock | Getty Images It’s been a nerve-wracking year for investors. With ongoing stock market volatility, high inflation and interest rate hikes, many wonder if we’re heading for a prolonged economic downturn.   “I think we have to be defensive,” said certified financial planner Ivory Johnson, founder of Delancey Wealth Management in Washington, D.C. … Read more

US patrol spots Chinese, Russian naval ships off Alaskan island | News

US Coast Guard to match ‘presence with presence’ with regards to ‘strategic competitors’ who operate in and around US waters. A US Coast Guard vessel on routine patrol in the Bering Sea off Alaska has reported an encounter with a Chinese guided missile cruiser which was later discovered to be travelling with two other Chinese … Read more

Larry Summers blasts UK’s ‘utterly irresponsible’ fiscal policy

Larry Summers Cameron Costa | CNBC LONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday warned that the U.K. has lost sovereign credibility after the new government’s fiscal policy sent markets into a tailspin. The British pound hit an all-time low against the dollar in the early hours of Monday morning, before recovering slightly on Tuesday, while the U.K. … Read more

The golden age of globalization has ended: Singapore’s Lawrence Wong

“The golden age of globalization that we experienced in the last 30 years since the end of the Cold War has ended clearly and we are entering a new era, a new era that will be marked by greater geopolitical contestation,” said Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong. Bloomberg | Bloomberg … Read more

Hurricane Ian makes landfall in western Cuba as a Category 3 storm, threatening a path of destruction as it churns toward Florida

CNN  —  Rapidly intensifying Hurricane Ian made landfall in western Cuba early Tuesday morning while on its trek toward Florida, where residents in some coastal areas are already evacuating. The hurricane, packing maximum sustained winds of 125 mph, made landfall just southwest of the town of La Coloma in the Pinar del Rio Province of … Read more

European markets open to close, earnings, data and news

The Bank of England is right to hold off on rate hikes as the pound slumps, investment director says The U.K.’s central bank shouldn’t rush to increase interest rates, according to Julian Howard, Lead Investment Director of Multi Asset Solutions at GAM Investments, despite the slumping pound. “I don’t think it’s the Bank of England’s … Read more

Stock futures rise more than 1% after S&P 500, Dow close at lowest levels since 2020

Stock futures were higher on Tuesday morning after the market started the week by continuing its dramatic September decline. S&P 500 futures gained 1.42% and Nasdaq 100 futures rose 1.6%. Those tied to the Dow Jones Industrial Average advanced 379 points, or 1.27%. The move in futures comes after five straight days of losses for … Read more

Why is the British pound tanking as the US dollar soars? | Business and Economy

As the British pound plummets in value, the US dollar is flying high. Against a tumultuous backdrop that includes the Ukraine war, soaring prices and China’s COVID lockdowns, sharp fluctuations of some of the world’s major currencies are injecting new uncertainty into the global economic outlook. Why is the British pound in freefall? On Monday, … Read more

Dan Niles reveals how the Santori Fund is beating the market

This year’s bear market has left many investors deep in the red, but Dan Niles says his Satori Fund has bucked the trend. Niles said the U.S.-focused long-short equity fund is up this year, outperforming the S & P 500 , which has declined around 20% in the same period. He did not disclose the … Read more

Stock futures are little changed after S&P 500 closes at lowest level since 2020

Stock futures were little changed on Monday evening after the market started the week by continuing its dramatic September decline. S&P 500 futures and Nasdaq 100 futures were flat. Those tied to the Dow Jones Industrial Average rose 10 points, or less than 0.1%. The move in futures comes after five straight days of losses … Read more