The Nord Stream pipeline explosions last year may have been the work of a pro-Ukraine group. A report in the New York Times on Tuesday cited new intelligence seen by US officials. Ukraine denied any knowledge or involvement as Western countries continue their investigations. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Russia’s Nord Stream gas pipelines may have been sabotaged by pro-Ukraine group, report says
Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates
Commodity prices slumped Tuesday as Fed Chair Powell indicated further rate hikes are coming. The US Dollar index hit a two-month high, pressuring dollar-denominated commodity prices. Oil lost more than 3%, silver slid nearly 5% and gold gave up ground. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates
A recession indicator just flashed its loudest warning ever as Fed chief Powell sees higher rates
A key recession indicator flashed its loudest warning ever on Tuesday. The inversion between the 2-year and 10-year Treasury yields hit a record 103.5 basis points. That came after Fed Chairman Jerome Powell said rates will likely go higher than anticipated. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading A recession indicator just flashed its loudest warning ever as Fed chief Powell sees higher rates
Markets are pricing in higher odds of a bigger Fed rate hike this month as Powell delivers hawkish testimony and key bond yields top highest level since 2007
Bets that the Fed will reaccelerate the pace of rate hikes in March flew higher Tuesday. Fed funds futures pricing suggests 61.6% odds of a half-point increase, up from 31.4% on Monday. Getting inflation back to 2% is “likely to be bumpy,” Fed Chair Jerome Powell told senators. Loading Something is loading. Thanks for signing… Continue reading Markets are pricing in higher odds of a bigger Fed rate hike this month as Powell delivers hawkish testimony and key bond yields top highest level since 2007
US stocks end mixed as investors brace for Powell’s testimony to Congress
US stocks closed Monday mixed, with a small gain for the S&P 500. Equities appeared in a holding pattern until Fed boss Jerome Powell delivers testimony about monetary policy this week. The 10-year Treasury yield edged higher after pulling back at the end of last week. Loading Something is loading. Thanks for signing up! Access… Continue reading US stocks end mixed as investors brace for Powell’s testimony to Congress
Morgan Stanley’s long-time Tesla bull just named Ferrari as the new top auto stock, saying its ‘unmatched brand’ makes it best positioned to handle macro uncertainty
Ferrari on Monday replaced Tesla as Morgan Stanley’s top stock pick among automakers. Ferrari investors are underestimating the luxury carmaker’s EV opportunity. Morgan Stanley sees 14% upside in the Ferrari stock, lifting its price target to $310 a share. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Morgan Stanley’s long-time Tesla bull just named Ferrari as the new top auto stock, saying its ‘unmatched brand’ makes it best positioned to handle macro uncertainty
Investors should brace for a sell-off in tech stocks with Fed chair Powell set to deliver a hawkish message to lawmakers, Gene Munster says
Tech stocks are vulnerable to a sell-off this week as Jerome Powell testifies to Congress, Gene Munster said. Powell will deliver semi-annual testimony to Senate and House lawmakers on Tuesday and Wednesday. The first half of 2023 will likely be rough for tech stocks but further strength lies ahead later this year, Munster said. Loading… Continue reading Investors should brace for a sell-off in tech stocks with Fed chair Powell set to deliver a hawkish message to lawmakers, Gene Munster says
US natural gas prices plummet 13% as streak of mild winter weather set to continue
Natural gas prices have fallen 13% amid forecasts of more mild weather as winter winds down. Prices have fallen 34% this year as warmer winter temperatures hurt demand. Falling prices are a sign that the US needs to scale back gas production, some commentators say. Loading Something is loading. Thanks for signing up! Access your… Continue reading US natural gas prices plummet 13% as streak of mild winter weather set to continue
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