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the US and British attacks on Houthi and the impact of stock market  The US and UK launched airstrikes on more than a dozen sites used by the Iranian-backed Houthis in Yemen. This was a significant military response to the Houthis’ persistent campaign of drone and missile attacks on commercial ships in the Red Sea. The Houthis, backed by Iran, run most of the west of Yemen and control its Red Sea coastline. The strikes have raised fears of a broader escalation of the conflict in the region. The attacks led to an increase in oil prices. Brent jumped on fears there would be more disruption to shipping, and that the conflict could expand into a broader regional conflagration. Global benchmark Brent was trading around 4% higher. The rise in oil prices was driven by the market’s perception that this is an escalation of the conflict. The impact of rising oil prices on the stock market The impact of rising oil prices on the stock market is complex. An increase in oil prices usually lowers...

  Price of food What is CPI? The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. Key points about CPI include: It measures the overall change in consumer prices based on a representative basket of goods and services over time. It is the most widely used measure of inflation, closely followed by policymakers, financial markets, businesses, and consumers. The CPI is based on about 80,000 price quotes collected monthly from some 23,000 retail and service establishments as well as 50,000 rental housing units. Housing rents are used to estimate the change in shelter costs including owner-occupied housing that accounts for about a third of the CPI. The CPI is a crucial tool for economic analysis and policy-making, and it’s also used to adjust pensions...

  Let's take a look at the 2024 U.S. stock outlook. To take a look at the 2024 U.S. stock outlook, we'll take a look based on recent announcements from Morgan Stanley and Forbes. What is Morgan Stanley? Morgan Stanley is an American multinational investment banking and financial services company headquartered at 1585 Broadway in Manhattan, New York. Morgan Stanley also offers a range of prospects to help raise, manage, and distribute funds. Morgan Stanley's Outlook Morgan Stanley said 2024 is an overvalued stock, so analysts' estimates of corporate earnings may be too optimistic given the easing of U.S. economic growth. Also, it said the market may be overestimating the number of Fed rate cuts in 2024. On the one hand, the stock market will provide investors with "greater opportunities," it said, "and the market has been efficient at rewarding and punishing the right stocks for the right fundamental reasons." Analysts predict the S&P 500 will end...