Nickel briefly hit $100,000 Tuesday, as prices surged thanks to worries about the effect of sanctions on Russia. The London Metal Exchange suspended trading in the nickel market for the remainder of the day. Record price gains in the metal, used in stainless steel and EV batteries, are forcing short-sellers to cover their positions. Loading… Continue reading Nickel prices skyrocket 110% to top $100,000 a ton, prompting a trading halt after Russian sanctions trigger a big short squeeze
Global shares recover losses in volatile trade, as surging commodities fan fears of 1970s-style stagflation
Global shares edged up Tuedsay, paring overnight losses in volatile trade, as commodities continued to surge. Russia warned of oil hitting $300 a barrel, and said it could cut off European natural gas supply if the West bans its energy exports. Nickel rose more than 100% to $100,000 a ton in minutes, reflecting the scale… Continue reading Global shares recover losses in volatile trade, as surging commodities fan fears of 1970s-style stagflation
Russia warns oil prices could hit $300 a barrel if the US and Europe reject Russian oil, says the move would have ‘catastrophic consequences’
Russian deputy prime minister Alexander Novak threatened to cut off gas supply to Europe via Nord Stream 1. The moves came after Secretary of State Blinken said the US was discussing a ban on Russian oil with Europe. Novak said a ban on Russian oil would drive the price of the commodity to $300 a… Continue reading Russia warns oil prices could hit $300 a barrel if the US and Europe reject Russian oil, says the move would have ‘catastrophic consequences’
Dow falls 800 points as investors fear the impact of surging oil prices
US stocks closed Monday’s session lower, with the Nasdaq falling more than 3%. Geopolitical turmoil has pushed oil to multi-year highs while other commodities like wheat also spike. Morgan Stanley warned that risks to the market will be heightened over the next six to eight weeks. Loading Something is loading. US stocks fell on Monday,… Continue reading Dow falls 800 points as investors fear the impact of surging oil prices
Best Bluetooth Speakers of 2022
The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. Bluetooth technology has given us freedom from the wires that have tethered us and our sound systems to our homes and offices. Now, instead of lugging enormous “boom boxes” or… Continue reading Best Bluetooth Speakers of 2022
Child Tax Credit (2021-2022) Explained and What It Means for Your Taxes
The Child Tax Credit was a major talking point in 2021. Many people got advanced payments. So who qualifies for this credit? Why did you get the money, and do you have to pay it back? TheStreet has partnered with TurboTax, a leading tax advisor, to get the answers. In the video above, Lisa Greene-Lewis, a… Continue reading Child Tax Credit (2021-2022) Explained and What It Means for Your Taxes
As Crypto Scams Increase, Here’s How to Spot Them
As I was doing research on the rise in the number of people falling victim to scams, I noticed that as cryptocurrency becomes more popular, so do the scams. Some fraudsters scam consumers by getting them to “invest” in cryptocurrency, while others find clever ways to rob you of your cryptocurrency. And in many cases,… Continue reading As Crypto Scams Increase, Here’s How to Spot Them
Four ways Canadians can protect themselves from a worsening market situation
Martin Pelletier: Adding some inflation protection into your portfolio will help protect against a weak Canadian dollar The Canadian dollar is at only 79 cents U.S. Photo by REUTERS/Mark Blinch/File Photo Someone has been calling for the demise of the U.S. dollar as the world’s reserve currency for as long as I can remember, but… Continue reading Four ways Canadians can protect themselves from a worsening market situation
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