Page 22 - Rian Evans News Today

Inflation won't come down to the consensus target in the near-term, according to Deutsche Bank, and inflation at 3% in two years is unlikely.

"House price declines will likely be larger in the most unaffordable cities on the West Coast," said Comerica chief economist Bill Adams.

At the Waha hub in the Permian Basin, gas for next-day delivery sank to negative $2 per million British thermal units Tuesday, traders told Bloomberg.

A fleet of ships amassed under shady circumstances will likely be used to help keep Russian oil flowing once EU sanctions take hold in December, Bloomberg reported.

Earnings could be a stock market catalyst this week, as investors await quarterly reports from tech giants like Alphabet, Apple, Meta and Microsoft.

Russia accused the West of stealing from Moscow's cash and gold reserves on Monday, while the EU considered transferring those assets to Ukraine.

"The state of the residential housing market has become a concern for those suspecting that the U.S. economy may be in the late stage of its current cycle."

The S&P 500 has more room before finding a bottom in the neighborhood of 3,000 to 3,200, according to Morgan Stanley's Mike Wilson.

CEO Elon Musk told analysts late Wednesday that Tesla was considering a share buyback of $5 billion to $10 billion.

Tesla stock was lower Thursday, a day after the company reported lackluster earnings. Chief executive Elon Musk noted concerns over demand.