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Monthly Archives: November 2022

South Africa’s economy at a pivotal point as outlook improves but political, energy risks remain

LONDON – South Africa’s President Cyril Ramaphosa speaks during a press conference in central London on November 24, 2022 JUSTIN TALLIS/AFP via Getty Images South Africa’s long-awaited economic reforms have begun to improve the country’s outlook, but the age-old problems of political uncertainty and a failing power system still pose …

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China says Covid vaccination rates for seniors has climbed over the last two weeks

BEIJING — Mainland China announced significant progress Tuesday in getting Covid-19 booster shots for people “over age 80.” As of Monday, 65.8% of that age category had received booster shots, an official told reporters. That’s up from 40% as of Nov. 11, according to prior disclosures. China also announced a …

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China’s Covid infections drop for the first time in more than a week

Covid control workers disinfect an area in Beijing on Monday, Nov. 28, 2022, where a day earlier locals had gathered to protest stringent Covid measures. Kevin Frayer | Getty Images News | Getty Images BEIJING — Mainland China reported the first decline in daily Covid infections in more than a …

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Strong labor report could bring bigger Fed hikes

CNBC’s Jim Cramer on Monday told investors that a key labor report could help drive the Federal Reserve’s inflation strategy. “We need to see the unemployment rate go higher, while wages remain stable and we get meaningful layoffs in some industries. If that doesn’t happen, if the numbers are truly …

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Enphase Energy is a buy

Rio Tinto PLC: “You need to see commodity inflation come back. I will say, it’s a great hedge against long-term inflation, though.” NIO Inc: “That one seems very dicey.” Enphase Energy: “It is doing so well, and every time it’s down $15, $20, I want to come on air and …

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Cramer says these 5 factors could help the Dow keep beating the other major indexes

CNBC’s Jim Cramer on Monday explained why he believes the Dow Jones Industrial Average will continue to outperform the Nasdaq Composite and S&P 500 next year. “As we head into the end of the year, Wall Street tends to crowd into the biggest winners, which is why I expect the …

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How FTX ‘death spiral’ spelled doom for BlockFi, according to filing

The BlockFi logo on a smartphone arranged in the Brooklyn borough of New York, on Thursday, Nov. 17, 2022. Gabby Jones | Bloomberg | Getty Images There was supposedly one man who could save crypto — Sam Bankman-Fried. The former FTX CEO bailed out and took over crypto firms as …

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Crude oil prices erased most of their 2022 gains and could head lower

Tom Kaye of Plymouth, Pennsylvania tops off his neighbor’s gas tank for them on at a gas station in Wilkes-Barre, Pennsylvania, U.S. October 19, 2022.  Aimee Dilger | Reuters Oil prices are defying expectations and are barely higher on the year, as the outlook for oil demand continues to deteriorate …

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Idealab, Heliogen founder Bill Gross sold solar energy kits in 1973

Idealab and Heliogen Founder Bill Gross speaks onstage during Vox Media’s 2022 Code Conference on September 08, 2022 in Beverly Hills, California. Jerod Harris | Getty Images Entertainment | Getty Images Bill Gross is best known for founding the technology incubator Idealab in 1996, after starting a handful of companies …

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How the BlockFi bankruptcy, FTX collapse may affect your crypto taxes

It is thought the new U.K. government’s mini-budget may have made buying a house even more difficult. Photo by LanaStock via Getty Images Crypto firm BlockFi on Monday filed for Chapter 11 bankruptcy, two weeks after the collapse of crypto exchange FTX, further complicating taxes for investors during a difficult …

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