Russia sold 1.96 million barrels of oil to India a day in May, notching a new record. Meanwhile, oil flows from Saudi Arabia to India have plunged to a 28-month low. Russia has surpassed Saudi Arabia as India’s largest crude supplier, thanks to hefty discounts on its oil. Loading Something is loading. Thanks for signing… Continue reading India snaps up record amount Russian oil while flows from Saudi Arabia plunge to 28-month low
US stocks fall to start June as traders watch debt ceiling bill move through Congress
US stocks fell on Thursday as investors eyed the debit limit deal’s progress. The House passed bipartisan debt limit legislation on Wednesday night. Traders are also looking to the Fed’s next policy meeting on June 13-14. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading US stocks fall to start June as traders watch debt ceiling bill move through Congress
The housing market faces a ‘chicken and egg’ problem’ that could mean home prices start to fall
The US housing market faces a chicken and egg problem, according to Realtor.com. High mortgage rates are deterring buyers, and sellers who don’t want to swap out low rates they locked in previously. New home listings dropped 22.7% in May as many sellers and buyers stay put, but home prices could start falling. Loading Something… Continue reading The housing market faces a ‘chicken and egg’ problem’ that could mean home prices start to fall
What Happens When a Treasury Bill Matures?
Treasury bills — better known as T-bills — are debt securities issued by the United States Treasury with maturities of one year or less. They are considered risk-free, the recent debt-ceiling issue notwithstanding, as the US government can always print the money to pay back the debt. And given that they have only a short… Continue reading What Happens When a Treasury Bill Matures?
Stock Market Today: Stocks Give Back Big Debt Ceiling Deal Gains
News that a debt ceiling deal was reached over the weekend sent stocks higher at the start of the holiday-shortened week, though optimism faded as the session wore on. But it wasn’t only the debt ceiling in focus today. Nvidia (NVDA) continued its monumental rise – briefly passing a milestone that’s rarely been met on… Continue reading Stock Market Today: Stocks Give Back Big Debt Ceiling Deal Gains
9 Momentum Stocks to Buy Now
Stocks are off to a strong start in 2023 following last year’s rough loss. The S&P 500 fell about 19% in calendar 2022. But this year, it is up about 9.5% so far thanks to outperformance in a number of momentum stocks. This may surprise some armchair investors, who continue to fret over the impact… Continue reading 9 Momentum Stocks to Buy Now
Real estate investors are retreating from the housing market at a record pace
Home purchases by investors fell 48.6% in the first quarter from a year ago, Redfin said. That’s the largest annual decline on record going back to 2000. Redfin cited high interest rates as well as declining rents and housing values, which cut into profitability. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Real estate investors are retreating from the housing market at a record pace
Nvidia has AI to thank for entering the $1 trillion club
Nvidia founder and CEO Jensen Huang.Ethan Miller/Getty Images Nvidia’s market capitalization hit $1 trillion Tuesday as its stock surged. It’s one of a handful of US companies, including Apple, Microsoft, and Amazon, to reach that level. The explosion of interest in ChatGPT and AI has fueled Nvidia’s stock market surge this year. Nvidia made it… Continue reading Nvidia has AI to thank for entering the $1 trillion club
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