Stocks managed to eke out gains on light volume Wednesday as traders remained cautious ahead of Federal Reserve Chairman Jerome Powell’s highly anticipated speech later this week. The Fed chief will speak at the central bank’s annual policy symposium in Jackson Hole, Wyo., on Friday morning. And until he does, stocks will likely continue to… Continue reading Stock Market Today: Markets Edge Higher in Quiet Session | Kiplinger
What Is an Initial Public Offering (IPO)? | Kiplinger
investing Investors can reap big gains from IPOs, but understanding how a company goes public can help avoid pitfalls.An initial public offering (IPO) enables a private company to go public by issuing its own shares on a stock exchange for the first time. In this way, any investor can buy shares and the company can… Continue reading What Is an Initial Public Offering (IPO)? | Kiplinger
US stocks rise as investors wait for Fed summit and as Biden announces long-awaited student debt plan
US stocks moved higher on Wednesday as President Joe Biden canceled $10,000 in student loan debt.The loan forgiveness program will also extend the pause in federal student loan payments to the end of the year.Investors are awaiting a key speech from Fed Chairman Jerome Powell at this Friday’s Jackson Hole summit. Loading Something is loading.… Continue reading US stocks rise as investors wait for Fed summit and as Biden announces long-awaited student debt plan
The latest meme stock rally is fizzling and speculative buying by retail investors will wane through the rest of 2022, says Vanda
Retail investors are showing signs of slowing down stock purchases, including resurgent meme stocks, said Vanda Research. The firm said the average portfolio of retail investors has been declining, with recent losses at 23%. Bed Bath & Beyond stock crashed last week after a key shareholder cashed out his entire stake. Loading Something is loading.… Continue reading The latest meme stock rally is fizzling and speculative buying by retail investors will wane through the rest of 2022, says Vanda
Here’s how legendary short-seller Jim Chanos is taking advantage of the arbitrage between AMC stock and the new APE shares
Famed short-seller Jim Chanos is buying AMC Entertainment’s new preferred equity share class, dubbed “APE.”At the same time, Chanos is shorting AMC Entertainment’s common stock, until the two share prices converge.”They are economically the same security, and there seems to be a lot of confusion about that,” Chanos said. Loading Something is loading. Legendary short-seller… Continue reading Here’s how legendary short-seller Jim Chanos is taking advantage of the arbitrage between AMC stock and the new APE shares
OPEC’s production cuts could push oil prices to $150 a barrel, energy analyst says
OPEC+ has floated a production cut. It could push prices as high as $150 a barrel, Paul Sankey said. The cuts would worsen the energy supply shortage, which threatens many western nations as winter nears. A revived Iran nuclear deal could boost supply, but that could take months to affect the market. Loading Something is… Continue reading OPEC’s production cuts could push oil prices to $150 a barrel, energy analyst says
Saudi Arabia is telling oil markets that OPEC+ is still in charge – and don’t you forget that, says top energy analyst
Saudi Arabia want markets to remember that OPEC+ is in control, energy analyst Amrita Sen told CNBC. “We’ve had mostly algos trading this market, and you’ve seen huge volatility,” she said. The Saudi government has signaled in recent days the OPEC+ could cut production. Loading Something is loading. Saudi Arabia is signaling to oil market… Continue reading Saudi Arabia is telling oil markets that OPEC+ is still in charge – and don’t you forget that, says top energy analyst
Apple’s September 7th Event is Official, Here’s What to Expect
Apple has announced and sent invitations out for its next event. Mark your calendars for Sept. 7 at 10 a.m. Pacific. The event will be at the Steve Jobs Theater on Apple’s Campus in Cupertino, Calif. and will be streamed live. And since we’re experts on all things tech, Apple (AAPL) included, we’re breaking down the… Continue reading Apple’s September 7th Event is Official, Here’s What to Expect
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