US stocks closed lower Tuesday while the 10-year Treasury yield held above 3%. Fresh housing data showed new home builds slowed for the sixth-consecutive month. The 10-year yield briefly dipped below 3% after the weak housing data, but rebounded to climb back above it. Loading Something is loading. US stocks were lower at the market… Continue reading US stocks close lower as 10-year yield holds above 3% amid rate-hike bets
Germany wants to shift from Russian to Canadian natural gas supplies at ‘warp speed,’ but developing LNG export capacity could take years
Germany wants to move away from Russian natural gas at “warp speed,” the German chancellor said Tuesday. Although Canada has said a partnership with would be doable, researchers doubt extra supplies will come from Canada soon enough. Canada currently doesn’t have export capacity, and developing that could take years, a report says. Loading Something is… Continue reading Germany wants to shift from Russian to Canadian natural gas supplies at ‘warp speed,’ but developing LNG export capacity could take years
Inflation will work itself out and help drive the stock market higher as the Fed leans into a pivot, JPMorgan says
Inflation is going to work itself out as distortions from the pandemic fade, according to JPMorgan’s Marko Kolanovic.The bank said that as inflation recedes it should help drive the stock market higher.”The Fed has over-reacted with 75bps hike. We will likely see a Fed pivot,” Kolanovic said. Loading Something is loading. Inflation is going to… Continue reading Inflation will work itself out and help drive the stock market higher as the Fed leans into a pivot, JPMorgan says
The 10-year Treasury yield is back above 3% and that may spell another round of downward pressure for US stocks
The 10-year Treasury yield has climbed back above 3%, a level of pain for US stocks during 2022. The S&P 500 twice this year dropped for weeks after the bond yield surpassed 3%, said Bespoke Investment Group on Tuesday. “You can’t fault equity investors for being uneasy given the moves we have seen in the… Continue reading The 10-year Treasury yield is back above 3% and that may spell another round of downward pressure for US stocks
US stocks fall as rally loses momentum on concerns of more aggressive Fed rate hikes
US stocks fell Monday with the Dow losing more than 340 points. Major indexes finished with a loss last week as investors sell risk assets and flock to safe havens. European natural gas soared ahead of Russia’s three-day closure of the Nord Stream 1 pipeline. Loading Something is loading. US stocks dropped Monday, continuing the… Continue reading US stocks fall as rally loses momentum on concerns of more aggressive Fed rate hikes
European natural gas prices soar 19% to fresh record high on fears Russia will extend time of pipeline maintenance shutdown into Europe
European natural gas prices jumped Monday as the region braced for another gas pipeline shutdown by Russia. Front-month Dutch TTF natural gas futures shot up 19% to a fresh record high of 291 euros per megawatt hour. Russia’s Gazprom will run a three-day maintenance check on its Nord Stream 1 pipeline starting August 31. Loading… Continue reading European natural gas prices soar 19% to fresh record high on fears Russia will extend time of pipeline maintenance shutdown into Europe
Meet Jake Freeman, the college senior who cashed out a $110 million profit on Bed Bath & Beyond stock, writes academic papers, and loves taking baths
Jake Freeman raked in a roughly $110 million profit on Bed Bath & Beyond stock last week. The college senior discussed his huge wager on Reddit, Twitter, and in a Financial Times interview. The 20-year-old student spoke about his personal interests, including his love of taking baths. Loading Something is loading. Jake Freeman is a… Continue reading Meet Jake Freeman, the college senior who cashed out a $110 million profit on Bed Bath & Beyond stock, writes academic papers, and loves taking baths
US oil exports to China and India jump as American crude heads overseas at a record pace
US crude flows have seen an uptick in deliveries to Asia, Bloomberg data shows. Buyers in China, India and South Korea have scooped up more than 20 million barrels this month, per the report. The increase in American crude heading to Asia has dragged down spot premiums for Persian Gulf barrels. Loading Something is loading.… Continue reading US oil exports to China and India jump as American crude heads overseas at a record pace
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