Saudi Arabia’s recent warning that OPEC+ could cut production sparked a rally in oil prices. Analysts say Saudi Arabia’s game is simple: keep oil prices high so the kingdom can capture as much revenue as it can. “More market uncertainty has boosted prices, which is exactly what Saudi Arabia is looking to do,” said Morningstar’s… Continue reading Saudi Arabia’s game is simple: keep oil prices high as threats to its revenue loom, analysts say
Goldman Sachs: These are the 17 ‘smart money’ stocks most loved by hedge funds right now — a group that’s historically beaten the S&P 500
US Markets Loading… H M S Premium JOHANNES EISELE/AFP via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Hedge funds are pivoting back to growth stocks, according to a note from Goldman Sachs. Below is a list of the stocks most frequently found in the top… Continue reading Goldman Sachs: These are the 17 ‘smart money’ stocks most loved by hedge funds right now — a group that’s historically beaten the S&P 500
Nobel laureate Paul Krugman shoots down claims that Biden’s student-debt relief plan will fuel inflation
Paul Krugman rejected claims that President Biden’s student-debt relief plan could fuel inflation. The economist noted the program is small and will be more than offset by loan payments restarting. The Nobel laureate also questioned how the plan could trump the Fed’s efforts to curb inflation. Loading Something is loading. President Biden’s plan to forgive… Continue reading Nobel laureate Paul Krugman shoots down claims that Biden’s student-debt relief plan will fuel inflation
Wall Street predicted Russia’s economy would collapse after it invaded Ukraine. These 3 charts show that hasn’t happened.
Top investment banks expected Russia to suffer severe economic damage after it invaded Ukraine in February. But Russia’s economy has held up better than expected, causing them to revise those predictions. Here are three charts that show the Russian economy’s resilience in the six months since war started. Loading Something is loading. When President Vladimir… Continue reading Wall Street predicted Russia’s economy would collapse after it invaded Ukraine. These 3 charts show that hasn’t happened.
Retail investors are incurring billions in hidden costs using ‘free’ brokerages, study says
Free brokerages are still costing retail investors billions, but not due to the controversial PFOF practice. Rather, hidden costs come from differences in price improvement among brokerages, a new study finds. That can cause billions in losses annually among all retail investors, the study’s authors said. Loading Something is loading. Zero-commission trading apps may have… Continue reading Retail investors are incurring billions in hidden costs using ‘free’ brokerages, study says
Europe is facing a shallow recession due to a worsening energy crisis – but it could get worse if natural gas rationing occurs, UBS says
Europe is facing a shallow recession amid the energy crisis, UBS analysts said in a note. The firm expects natural gas prices to continue to climb, and inflation to hit 9.4% in September. However, the economic outlook for the continent could get worse if gas rationing becomes necessary. Loading Something is loading. Europe is facing… Continue reading Europe is facing a shallow recession due to a worsening energy crisis – but it could get worse if natural gas rationing occurs, UBS says
The stock market could still see a decade of the ‘roaring 20’s’ despite high inflation and rising interest rates, according to UBS
The stock market could still experience a roaring 20’s-like decade despite high inflation and rising interest rates, according to UBS.That’s an unpopular view given that many on Wall Street are still worried about the potential for 1970’s-like stagflation.”The rest of this decade will very likely look very different from the pre-pandemic one,” UBS said. Loading… Continue reading The stock market could still see a decade of the ‘roaring 20’s’ despite high inflation and rising interest rates, according to UBS
Top 10 meme stocks on Reddit heading into September: Bed Bath & Beyond hangs on, AMC takes a big hit after issuing special shares of APE
Meme stocks have struggled in the past week and a half but are still hanging around. Shares of Bed Bath & Beyond and AMC Entertainment are moving in opposite directions. Here are the 10 hottest meme stocks on Reddit heading into September. Many of the stock market’s hottest meme stocks have gotten crushed since mid-August… Continue reading Top 10 meme stocks on Reddit heading into September: Bed Bath & Beyond hangs on, AMC takes a big hit after issuing special shares of APE
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