Winning Stock Plays

Stocks closed lower following the June inflation report, which came in hotter than expected.  Core CPI, which excludes food and energy prices, came in at 5.9%, above the expected 5.7%. The IMF said it will lower its global growth forecast for this month as global risks rise.  Loading Something is loading. US stocks fell on… Continue reading US stocks fall as hot inflation report raises odds of steeper rate hikes while Fed survey highlights growing recession fears

Jennifer Sor AN FRANCISCO – MAY 5: Gas prices are displayed at a Shell station May 5, 2008 in San Francisco, California. U.S. gas prices have shot up nearly fifteen cents in the past two weeks, bringing the national average price for a gallon of regular unleaded gasoline to $3.62. Gasoline prices have surged 55… Continue reading Oil prices could surge above $150 if Russian supplies can’t be replaced, says Truist analyst

Germany could embrace wood for heat if Russia further cuts gas flows, Deutsche Bank says.  The bank said in a note that it expects German demand for gas to fall 10% below 2021 levels.  “There are lots of elements of uncertainty,” the note said.  Loading Something is loading. German households could turn to wood as… Continue reading Germans could switch to wood this winter to heat their homes as Russia withholds natural gas, Deutsche Bank says

The cryptocurrency market has turned into a “postmodern pyramid scheme,” the top economist Paul Krugman said in a New York Times op-ed – and the spectacular crash investors saw this year is a chance for federal regulation. The vocal crypto critic, who previously called the digital asset the “new subprime,” said the industry has yet… Continue reading The cryptocurrency market has become a ‘postmodern pyramid scheme’ and its stunning crash is an opportunity to regulate it, famed economist Paul Krugman says

Russian state-run energy company Gazprom signaled uncertainty Wednesday about whether gas supplies to Germany could resume as normal via the Nord Stream 1 pipeline, citing a technical problem and safety issues.  Last month, the energy giant slashed gas deliveries to Germany from the key pipeline by 60% due to problems with a Siemens turbine. And… Continue reading Russia’s Gazprom hints at delay in resuming gas supplies to Germany with Nord Stream 1 safety warning