Markets

Theron Mohamed Warren Buffett. Reuters Warren Buffett, Michael Burry, and other top investors revealed their Q2 stock portfolios this week. Ray Dalio, Stanley Druckenmiller, George Soros, Jim Simons, and Bill Miller made some notable moves. Here are the key trades that seven elite investors made last quarter. Loading Something is loading. Warren Buffett, Michael Burry,… Continue reading Warren Buffett, Michael Burry, and other elite investors just revealed their Q2 stock portfolios. Here are 7 key trades they made.

Russia’s Gazprom said the Nord Stream 1 pipeline will halt gas flows to Germany for three days.  On Friday, the state-run company said a maintenance shutdown would take place between August 31 and September 2.  The pipeline’s gas flows to Germany have already been cut to just 20% of its capacity.  Loading Something is loading.… Continue reading Russia’s Gazprom announces surprise plans to shutter the Nord Stream 1 gas pipeline for 3 days

US stocks fell Friday, leaving the S&P 500 down for the week.  The index snapped four weeks of weekly gains with more than $2 trillion worth of options expiring.  Fed officials are voicing support for more aggressive rate hikes.  Loading Something is loading. US stocks dropped Friday, ending a weekly run of wins for the… Continue reading US stocks fall to break 4-week win streak as Fed officials signal more hawkish rate hikes

US natural gas prices could spike as much as 60% this winter, a Truist analyst said. Domestic inventories of liquefied natural gas are low and US production capacity is near 90%. The crunch is exacerbated by the fact that the US has become the world’s top LNG exporter. Loading Something is loading. US natural gas… Continue reading US natural gas prices could spike 60% this winter as the global energy crisis drags on, Truist analyst says

BofA says the S&P 500’s summer surge of 17.4% in 41 trading days is a ‘classic’ bear market rally The Fed still has to work to bring down inflation and that could mean another pullback for stocks.  The bank found that just four large-cap stocks contributed 30% of the index’s recent gain.  Loading Something is… Continue reading Stocks are in the midst of a ‘classic’ bear-market rally and the lows haven’t been seen yet, says Bank of America

Oil companies are finding ways around a century-old US shipping law to get supplies to the East Coast, according to Reuters.  The Jones Act requires that goods traveling between US ports must be carried by American-made ships and staffed by a US crew. But traders are sending gasoline components to be blended in the Bahamas… Continue reading Oil companies are using a Caribbean fuel trade to work around a century-old US shipping law as East Coast demand booms

Russia stepped up to become the third-largest market for yuan transactions outside of mainland China.  SWIFT data shows Russian companies and banks were involved in nearly 4% of global transactions using the yuan.  That’s up from 1.42% in June and zero in February, when Russian launched its war on Ukraine. Loading Something is loading. Russia… Continue reading Russia is now the 3rd-biggest market for yuan transactions outside of mainland China as sanctions block dollar, euro payments

US stocks closed higher on Thursday as investors digested new economic data and comments from the Fed’s James Bullard.Jobless claims fell by 2,000 to 250,000 last week, while existing home sales fell for the sixth straight month.Meanwhile, Fed President James Bullard favors a 75 basis point rate hike in September to combat inflation. Loading Something… Continue reading US stocks rise as investors digest economic data and comments from Fed’s Bullard