• June 12, 2024

Energy transition is caught in a 'trilemma,' expert explains

Crude oil prices (CL=F, BZ=F) prices cool Wednesday morning as May's Consumer Price Index (CPI) print reported a 2% decline in overall energy prices. PGIM’s Head of Thematic Research Shehriyar Antia joins Catalysts in-studio to explain why oil price pressures and affordability aren't the only factors having a broad impact on the energy landscape (XLE). "The energy transition is a really long, complicated process. It's not an event, so it's not it's likely not to happen as quickly as maybe we would hope. And so fossil fuels are going to have a long sunset," Antia says. "But, our research found that there are really two themes — one is what we call complementary infrastructure around renewable energy." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan. Catch more of Yahoo Finance's coverage surrounding oil prices and the broader energy sector: IEA warns of 8M barrel per day oil surplus by 2030 Gas prices decline, helping cool inflation in May Oil may reach $86 per barrel this summer: Goldman Sachs 3 areas where inflation is hitting hardest: May CPI Oil prices rebound despite 'shaky' demand outlook The big reason why there will be more energy sector deals

  • June 12, 2024

Stock Futures Are Rising After Another Record Close

U.S. stock futures were flat early Wednesday after notching yet another record close.. Dow Jones Industrial Average futures added 31 points, or 0.1%. Contracts tied to the S&P 500 and Nasdaq were slightly up, but by less than 0.1%. On Tuesday the S&P hit its 27th record close of this year, while the Nasdaq chalked up its 15th high in 2024.

  • June 12, 2024

Dubai International Financial Centre Eyes Collaboration With Hong Kong In Fintech

According to Odaily, officials from the Dubai International Financial Centre (DIFC) have expressed their interest in strengthening and promoting cooperation in the rapidly developing fintech ecosystems. Jacques Visser, the Chief Legal Advisor of DIFC, stated that the focus of virtual asset regulation is increasingly on cross-border regulation. He mentioned that they are in close communication with other regions, including Hong Kong, encompassing all tokenized assets and assets with trading value under Web3. A lot of work, including cooperation and coordination on cross-border regulation, is currently underway. Visser believes that there is a significant potential for cooperation between Dubai and Hong Kong, particularly in the area of payment services. He stated that payment services are key to the future of finance and fintech, and he believes there are many areas both parties are interested in promoting. Furthermore, for Dubai, Hong Kong serves as a bridge to mainland China, which is the United Arab Emirates' largest trading partner.

  • June 12, 2024

How to use a 'barbell approach' to beat market uncertainty

As the market gears up for a Federal Reserve policy decision and May's Consumer Price Index (CPI) report signals that inflation may be cooling, its trajectory could change. JPMorgan Chief ETF Strategist Jon Maier joins Wealth! to give insight into the top ETF picks to protect against uncertainty in the market. "What I would do is have a barbell approach. So have some portion of your portfolio exposed to growth quality names, names that are companies that are less reliant on the capital markets because obviously rates are high, companies that have strong cash flows, that have good earnings and are less susceptible to the business cycle. So quality names, which I think a large cap blend would make sense. Also on the short side, on the fixed income side, we have a fund called JPST (JPST). JPST has run out of our liquidity group and has a yield of over 5%," Maier tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

  • June 11, 2024

Federal Reserve Expected To Maintain Interest Rates

According to PANews, the Federal Reserve is set to announce its latest decision on interest rates and monetary policy statement. This announcement is scheduled for 2:00 AM Beijing time on Thursday, June 13. A few hours prior, the U.S. Department of Labor will release the latest inflation data. Jerome Powell's press conference will take place at 2:30. It is widely anticipated that the Federal Reserve will maintain the benchmark interest rate within the range of 5.25% - 5.50%, a rate that was set in July of the previous year.