US stocks end Thursday’s session lower and capped monthly losses for February. Yields climbed this month as inflation remains too hot for the Fed’s comfort. The S&P 500 has dropped about 5% from this year’s peak. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading US stocks end lower to cap off losing month of February
Nearly 2 million barrels of Russian diesel are stranded at sea because no one wants to buy them
As much as 1.9 million barrels of Russian diesel are in storage at sea, according to Kpler data cited by Bloomberg. That’s the most since October 2020, when energy markets were still reeling from the COVID-19 pandemic. A warm winter and new sanctions have eased demand for the commodity. Loading Something is loading. Thanks for… Continue reading Nearly 2 million barrels of Russian diesel are stranded at sea because no one wants to buy them
The stock market is on the verge of signaling that the bear market is finally over
The S&P 500 is on the verge of signaling that the bear market decline that started last year is finally over.As long as the S&P 500 ends February above the 3,947 level, the bullish signal will have flashed.The signal tracks the 10-month moving average, and since 1960 it has had a perfect record in ending… Continue reading The stock market is on the verge of signaling that the bear market is finally over
Morgan Stanley’s chief stock strategist warns that the 2023 rally is a ‘bull trap’ and pain is coming for investors in March
The rally in stocks is a “bull trap” and investors have more pain coming, Morgan Stanley warned. That’s because earnings-per-share estimates over the next year haven’t bottomed yet, and neither have stocks. The downside could come as soon as March, as the S&P 500 is at a critical testing point. Loading Something is loading. Thanks… Continue reading Morgan Stanley’s chief stock strategist warns that the 2023 rally is a ‘bull trap’ and pain is coming for investors in March
Fisker shares rocket up 30% as the EV maker sees potential for profit and strikes a ‘game changer’ deal for charging stations
Fisker shares jumped 30% on Monday following updates from the EV maker. The company said it expects to make a profit this year and it reached a deal for access to charging stations in North America. Reservations for its Ocean SUV rose in the fourth quarter. Loading Something is loading. Thanks for signing up! Access… Continue reading Fisker shares rocket up 30% as the EV maker sees potential for profit and strikes a ‘game changer’ deal for charging stations
US stocks edge higher as investors try to recover from the worst weekly sell-off of 2023
Jennifer Sor Brendan McDermid/Reuters US stocks edged higher on Monday as investors tried to shake off the worst weekly sell-off of 2023. All three indexes ended the day in the green, recovering some losses after last week’s PCE report. Bond yields ticked down. The 2-year Treasury yield last week touched its highest level since 2007. … Continue reading US stocks edge higher as investors try to recover from the worst weekly sell-off of 2023
Manchester United stock sinks 13.5% on a report that it’s probably worth billions less than what its owners want to sell it for
Manchester United stock fell as mush as 13.5% after a report suggested that it’s worth billions less than the club’s owners are seeking. A Financial Times analysis indicated that United’s value is likely to be around $1.6 billion. However, the team’s owners want at least $6 billion, per The Athletic. Loading Something is loading. Thanks… Continue reading Manchester United stock sinks 13.5% on a report that it’s probably worth billions less than what its owners want to sell it for
Investors should buy Alphabet stock as soaring interest in ChatGPT shows no sign of negatively impacting Google’s search business, Bank of America says
The overnight success of ChatGPT has yet to negatively impact Google’s business, according to Bank of America.BofA highlighted that Google’s downloads remain stable despite the surge in ChatGPT traffic and Bing downloads.The bank reiterated its “Buy” rating of Alphabet and $125 price target, representing 40% upside. Loading Something is loading. Thanks for signing up! Access… Continue reading Investors should buy Alphabet stock as soaring interest in ChatGPT shows no sign of negatively impacting Google’s search business, Bank of America says
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