Russia has stoked up Europe’s energy crisis by cutting the capacity of the Nord Stream 1 pipeline to 20% But the continent also receives gas supplies from Azerbaijan, North Africa, and the North Sea. Many countries also import gas by ship, with it traveling through liquefied natural gas ports. Loading Something is loading. Russia is… Continue reading This map shows where Europe gets its natural gas – and economic disaster is looming if Russia cuts off its fuel supply
US gas prices are sliding toward $4, but hurricane season will have a big say in whether they stay lower
US average gas prices are headed to $4.00 a gallon, extending a recent run of price declines. Gas prices have dropped for more than 50 straight days in the face of demand destruction after prices soared above $5 this year. But a disruptive hurricane could propel prices upward again, said AAA and OPIS. Loading Something… Continue reading US gas prices are sliding toward $4, but hurricane season will have a big say in whether they stay lower
Warren Buffett’s Berkshire Hathaway plowed a net $3.8 billion into stocks last quarter – and slashed its spending on buybacks to $1 billion
Warren Buffett’s Berkshire Hathaway reported second-quarter earnings on Saturday. The investor’s company was less active in the stock market and slowed its share buybacks. Berkshire posted double-digit increases in revenues and operating income. Loading Something is loading. Warren Buffett’s Berkshire Hathaway disclosed a strong performance from its operating businesses, less activity in the stock market, and… Continue reading Warren Buffett’s Berkshire Hathaway plowed a net $3.8 billion into stocks last quarter – and slashed its spending on buybacks to $1 billion
Risks to the dollar’s ‘explosive’ dominance in 2022 are rising and the greenback’s strength could start to wane, analysts say
The dollar’s summer strength could be threatened if the Fed undoes tightening later this year. A note from Evercore ISI says the greenback’s strength has been “explosive.” Analysts still see upside for the dollar for the remainder of the year. Loading Something is loading. The summer rally that has ignited the dollar could wane if… Continue reading Risks to the dollar’s ‘explosive’ dominance in 2022 are rising and the greenback’s strength could start to wane, analysts say
The last 2 recessions have skewed the market’s expectations, and a coming downturn may not be as mild as some expect
Bank of America, Goldman Sachs, Morgan Stanley, and other banks have predicted a recession on the horizon. But it’s too early to tell how severe it will be and predictions are likely skewed by the last two recessions. Economists told Insider they didn’t think a recession would be as severe as 2008 or 2020, but… Continue reading The last 2 recessions have skewed the market’s expectations, and a coming downturn may not be as mild as some expect
US gas prices are sliding toward $4 but hurricane season will have a say in whether prices stay lower, say energy experts
US average gas prices are headed closes to $4.00 a gallon, extending a recent run of price declines. Gas prices have dropped for more than 50 straight days in the face of demand destruction after prices soared above $5 this year. But a disruptive hurricane could propel prices upward again, said AAA and OPIS. Loading… Continue reading US gas prices are sliding toward $4 but hurricane season will have a say in whether prices stay lower, say energy experts
A 24-year-old stock trader made over $8 million in 2 years. Here’s how he identifies a winning trade regardless of stock-market conditions.
Jack Kellogg started trading stocks when he was 19 years old. He looks for patterns and watches the top movers for days before deciding to take a position. He broke down some of his biggest losses and explained the risks attached with day trading. Jack Kellogg started day trading in 2017 when he was only… Continue reading A 24-year-old stock trader made over $8 million in 2 years. Here’s how he identifies a winning trade regardless of stock-market conditions.
Russia is competing with Saudi Arabia by selling discounted oil as Putin’s cheap crude flows to India
Russia is imposing steep discounts on its crude, undercutting Saudi Arabia’s oil prices, Bloomberg reports. Russian barrels were cheaper than Saudi Arabia’s from April through June. The discounted oil is heading to China and India as other countries shun Moscow. Loading Something is loading. Russia is slashing prices on its crude, undercutting the price of… Continue reading Russia is competing with Saudi Arabia by selling discounted oil as Putin’s cheap crude flows to India
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