Stock Market Today The market went round-trip on Tuesday, bouncing from modest losses to significant gains before slipping back into the red.Mr. Market’s roller-coaster ride continued apace Tuesday, as indications that the U.S. would ban the import of Russian energy became real. After days of speculation about whether America would take this next step, President… Continue reading Stock Market Today: Stocks Suffer Whiplash After Russian Energy Ban | Kiplinger
What the Russia Oil Ban Means for Stocks | Kiplinger
energy stocks The U.S. ban on Russian energy likely will exacerbate the global energy crunch, but strategists say not to panic … and see opportunities for active investors.Crude oil prices continued their relentless rise higher Tuesday after the U.S. announced a Russian oil ban. But market strategists are urging investors not to overreact to the… Continue reading What the Russia Oil Ban Means for Stocks | Kiplinger
121 Companies That Have Pulled Out of Russia | Kiplinger
stocks The list of private businesses announcing partial or full halts to operations in Russia is ballooning, increasing economic pressure on the country.Russia’s invasion of Ukraine has turned into the largest ground war on European soil since World War II. And along with causing immense loss of human life and destruction across many of Ukraine’s… Continue reading 121 Companies That Have Pulled Out of Russia | Kiplinger
Oil falls 3%, pulling back on the extended rally after the IEA says it might release more oil
IEA chief Fatih Birol told an energy conference in Paris the agency will release more oil from stocks to ease surging fuel prices. His plan is a response to President Biden’s ban on imports of Russian oil and gas to the US. Crude oil fell by over 3% Wednesday in response to Birol’s statement. It… Continue reading Oil falls 3%, pulling back on the extended rally after the IEA says it might release more oil
Dow futures jump 450 points in global stock rally after the IEA says it could release more oil from inventories
Dow futures jumped 450 points Wednesday after the IEA signaled it could release more oil from stocks. Equity markets in Europe rallied alongside US stock futures, with the DAX up more than 5%. Brent crude fell 2% to around $125, losing grip on gains made after the US banned Russian oil imports. Loading Something is… Continue reading Dow futures jump 450 points in global stock rally after the IEA says it could release more oil from inventories
Fitch warns a Russian debt default is ‘imminent’ as it cuts the country’s credit rating again
Fitch Ratings has cut Russia’s credit rating from B to C after the invasion of Ukraine. The downgrade reflects Fitch’s view that a sovereign default is ‘imminent’, it said Tuesday. Sanctions and plans to limit energy trade mean Russia might not pay some debt obligations, Fitch said. Loading Something is loading. Fitch Ratings is anticipating… Continue reading Fitch warns a Russian debt default is ‘imminent’ as it cuts the country’s credit rating again
Putin orders a ban on some Russian exports amid sweeping Western sanctions and US energy import restrictions
Russian President Vladimir Putin has signed an order banning and restricting some exports and imports. Russia is a major exporter of commodities including oil, gas, wheat, and metals. Commodity prices have already surged due to Western sanctions over the war in Ukraine. Loading Something is loading. Russia President Vladimir Putin has signed an order banning… Continue reading Putin orders a ban on some Russian exports amid sweeping Western sanctions and US energy import restrictions
A Chinese nickel titan is staring down an $8 billion trading loss as a short squeeze sends the metal soaring, new report says
Tsingshan Holding Group was looking at an $8 billion trading loss after nickel prices soared, The Wall Street Journal reported Tuesday. The company has assured creditor banks in China that its financial position is sound. Russia’s war against Ukraine triggered a short squeeze on nickel, sending prices briefly above $100,000 a ton. Loading Something is… Continue reading A Chinese nickel titan is staring down an $8 billion trading loss as a short squeeze sends the metal soaring, new report says
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