Benzinga reviews this weekend’s top stories covered by leading media outlets. Here are the articles investors need to read.
“The US dollar is super strong. 8 ways to invest abroad‘, by Barron’s Jack Hough, examines the impact of the US dollar, which has appreciated 17% this year, not only on the foreign exchange market but also on ordinary savers.
At Barron’s”Tesla won’t stop falling until Musk stops selling. Here’s where the stock is headed“, writes Al Root that the share price of Tesla Inc TSLA will likely fall further while CEO Elon Musk appears to be on the verge of finalizing its takeover deal with Twitter.
“Credit Suisse’s wild ride is beginning to spook some clients‘, by Bloomberg’s Marion Halftermeyer, Dawn Lim, Archana Narayanan and Manuel Baigorri addresses growing concerns about the financial well-being of Credit Suisse Group AG CS.
In Bloomberg’s “Polestar warns of slow recovery after lockdown enforcement resultsKyle Stock writes that the Covid lockdowns in China earlier this year are likely to impact EV maker Polestar Automotive Holding’s results.
“Exxon unfairly fired scientists suspected of leaking information, according to the Labor Department‘, by Collin Eaton of the Wall Street Journal, detailing the Labor Department’s findings ExxonMobil Corp XOM fired two company scientists for sharing information with WSJ.
In the Wall Street Journal “The Fed’s inflationary war has some economists fearing an unnecessarily deep downturn‘ writes Nick Timiraos that a growing number of economists are concerned that the pace of the Federal Reserve’s rate hikes could do more economic damage than expected.
At the time of writing this article, the author had no position in the stocks mentioned.
