By Staff Reporters
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OIL: The threat of a Russian invasion of Ukraine is shaking up a fragile global oil market, pushing prices to $94 barrel as supplies will struggle to cushion the effect from any significant disruption in Russian fossil fuel exports. The headlines that moved markets last week—the Fed’s response to inflation, corporate earnings, tensions in Ukraine—will remain top of mind for investors this coming week. Analysts predict that if Russia were to invade Ukraine, oil could top $100 a barrel for the first time since 2014. And, the average national gasoline price is about $3.50/gallon.
DOMESTIC MARKETS: Walmart, Airbnb, Nvidia, Roblox, and DraftKings will close out one of the most volatile earnings seasons in recent memory.
CITE: https://www.r2library.com/Resource/Title/0826102549
ASIAN MARKETS: Major Asian stock markets opened lower as investors sought safer bets ahead of a possible Russian military attack on the Ukraine. In Tokyo, the Nikkei 225 index dropped roughly 2 percent in the first hours of trading. South Korea’s KOSPI fell by a similar amount. And, while China’s big tech firms are under much regulatory pressure, they are also facing strong competition.
INVESTMENT BANKING: Roger Ng, the former head of investment banking in Malaysia for Goldman Sachs, will stand trial in New York beginning today. He’s accused of playing a prominent role in a massive laundering scheme that plundered billions from Malaysia’s sovereign wealth fund, 1MDB. Embezzled funds were used to buy a Beverly Hills hotel, a $200 million super-yacht, and even to help finance the film, Wolf of Wall Street.
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Filed under: Alerts Sign-Up, Investing | Tagged: Airbnb, asian markets, China stock markets, ghas prices, Goldman Sachs, KOSPI, Nikkei, Nvidia, oil, Roblox, Roger Ng, stock markets, Walmart |
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