Inflation appears to be holding steady according to the September CPI data. But what does the fresh inflation data and the Fed's interest rate outlook entail for markets? Roth MKM Chief Economist and Macro Strategist Michael Darda examines the relationship between risks in the stock market and rising bond yields.
'Don't invest in the US': Jeremy Grantham just issued a warning over American stocks, saying S&P 500 could crash by over 50% if 'a couple of wheels' fall off — here's where to look insteadBrian Snyder/ReutersA former Deutsche Bank executive testified at Donald Trump’s civil fraud trial in New York on Wednesday that the bank had balked at extending him a line of credit to help in his unsuccessful bid to buy the Buffalo Bills, according to ABC News.
CALGARY — Exxon Mobil Corp.'s acquisition of Pioneer Natural Resources in a US$59.5 billion mega-deal is being seen by some as a massive vote of confidence in fossil fuels that also bodes well for the Canadian oilpatch. Dan Tsubouchi, principal and chief market strategist with SAF Group, says Exxon is clearly confident that global demand for oil will remain strong in the immediate future.
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