Author: Chaz Cutler

Oil prices and stocks fell on Monday as disappointing economic data from the United States and China complicated the economic outlook, prompting a shift away from riskier assets. International oil benchmark Brent crude fell 5 percent to $93.16 a barrel as gloomy economic reports from the world’s two main economies added to concerns that a slowdown in global growth will hit the industrial and consumer demand. U.S. benchmark West Texas Intermediate fell by a similar margin to $87.86, its lowest level since February. On Wall Street, U.S. stocks fell after the opening bell, with the S&P 500 down 0.5 percent…

Industrial metals prices fell on Monday on concerns about demand in China due to weak economic data and a firmer dollar, but interest rate cuts by the country’s central bank provided support. Benchmark copper on the London Metal Exchange fell 2.7% to $7,870 a tonne in official rings, down 4% from a six-week high of $8,214 hit on Friday. “The Chinese data was disappointing, suggesting a bigger-than-expected hit from the COVID restrictions,” a metals trader said, adding that a higher dollar had also prompted fund selling. “But there is one positive: PBOC (People’s Bank of China) interest rate cuts.” China’s…

Making sense of money holders so you don’t have to (Image: Getty images / Metro.co.uk) It’s been seven more days for money news. I don’t know about you, but to me the record-horrible attack on the economy is becoming so ubiquitous that it’s starting to seem pretty unreal. Anyway, here it is The Terrible Top Ten Making Money Make Sense from last week: 1. The UK economy shrank by 0.6 percent in June, meaning negative growth of 0.1 percent for the second quarter. A quarter down, one to go before officially entering recession. 2. Energy bills will rise to more…

US stocks fell in a lackluster start to the trading week after equity markets rallied to their longest winning streak in 10 months on Friday. The S&P 500 fell 0.5% after the benchmark index marked its fourth straight week of gains in the previous trading session, officially recouping half of this year’s bear market losses. The Dow Jones Industrial Average was down 170 points, or about 0.5%, and the Nasdaq Composite was down 0.3%. A measure of manufacturing activity in New York state posted its second-biggest drop since 2001, with declines in orders and shipments reflecting a dramatic drop in…

Gaurav Dubey Highland Electric Fleetsa provider of electrification as a service to government and municipal fleets in North America, has hired Gaurav Dubey as CFO to help scale its finance organization, optimize its capital structure and develop new financial products. “Fleet electrification is at an inflection point and Highland is well positioned to meet the growing demand for cleaner communities, healthier children and more resilient power grids,” says Highland CEO Duncan McIntyre. “Gaurav’s proven track record of high value structured finance initiatives, capital allocation and strategic operations will support Highland’s continued growth as we scale our business to provide simple…