US stocks rallied after comments from Fed Chair Jerome Powell indicated flexibility on rate hikes amid Russia’s war on Ukraine. That appeared to ease concerns that the central bank will tighten monetary policy aggressively as inflation remains high. Oil prices surged to the highest levels since 2011, adding more inflationary pressure. Loading Something is loading.… Continue reading Dow surges nearly 600 points as Powell testimony eases rate-hike fears and investors watch Ukraine
Bets against energy stocks are at the highest in more than a year as the Ukraine crisis drive oil prices over $100 per barrel, S&P Global says
Short interest in energy stocks is the highest since December 2020, S&P Global Market Intelligence said Wednesday. Short interest in energy stocks reached 3.49% in mid-February. Short sellers appeared to believe a rally in energy stocks was losing steam, said S&P Global. Loading Something is loading. Investors have ramped up bets against energy company stocks,… Continue reading Bets against energy stocks are at the highest in more than a year as the Ukraine crisis drive oil prices over $100 per barrel, S&P Global says
Investors have ditched expectations for a half-point rate raise in March, though Powell suggests a hike of that size is still on the table this year
Investors no longer expect the Fed to rate interest rates by 50 basis points in March, according to the CME FedWatch tool. Fed Chairman Jerome Powell said he’s inclined to propose an increase of 25 basis points at the March 15-16 meeting. Powell suggested he’s still open to an aggressive rate hike of 50 basis… Continue reading Investors have ditched expectations for a half-point rate raise in March, though Powell suggests a hike of that size is still on the table this year
Russia’s central bank cracks down harder on money going overseas as sanctions trigger rush for the exit
Russia’s central bank banned money transfers by people or companies in countries that sanctioned Moscow for the Ukraine invasion. And any non-Russians, regardless of their country, cannot take out more than $5,000 per month, according to a local media report. The central bank also announced that foreigners would not be able to collect bond coupon… Continue reading Russia’s central bank cracks down harder on money going overseas as sanctions trigger rush for the exit
Ford jumps 8% after announcing plans to split electric vehicles and gas-powered cars into separate units
Ford stock jumped as much as 9% on Wednesday after the company unveiled its “Ford+” plan.The automaker will separate its electric vehicles unit from its gas-powered cars unit to scale EVs.Ford will retain ownership of both units rather than spinning one off into a separate company. Loading Something is loading. Ford stock jumped as much… Continue reading Ford jumps 8% after announcing plans to split electric vehicles and gas-powered cars into separate units
Here are the 5 biggest changes for tax year 2021
From COVID relief to the American Rescue Plan, there were a ton of tax changes in 2021. What impact will all of this have on the 2022 tax season? TheStreet has partnered with TurboTax, a leading tax advisor, to get the answers. In the video above, Lisa Greene-Lewis, a certified public account (CPA) and TurboTax expert,… Continue reading Here are the 5 biggest changes for tax year 2021
Capital Group’s New ETFs: A Suite of Portfolio Building Blocks | Kiplinger
ETFs The global asset manager remained true to itself, keeping actively managed core exposure at the center of the newly launched Capital Group ETFs.Capital Group, best known for its American Funds line of mutual funds, finally dipped a toe into the exchange-traded fund (ETF) world last week. And unlike many fund launches of the past… Continue reading Capital Group’s New ETFs: A Suite of Portfolio Building Blocks | Kiplinger
Stock Market Today: Dow Drops 597 Points as Russia Escalates Attack | Kiplinger
The major market benchmarks opened lower and losses accelerated amid reports that Russia is targeting civilian areas in Ukraine, including Kharkiv, the country’s second-largest city. Additionally, after warning of “high-precision strikes,” Russian forces on Tuesday hit a TV tower in Kyiv. “The crisis in Ukraine is evolving rapidly, and with it so are investor expectations… Continue reading Stock Market Today: Dow Drops 597 Points as Russia Escalates Attack | Kiplinger
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