Markets

European natural gas remains on track for a third consecutive weekly jump. Concerns remain about Russia’s gas supplies and whether Moscow will choose to slash flows to Europe further. In the last year, prices have surged 372% for the key fuel.  Loading Something is loading. European natural gas prices are heading for the third consecutive… Continue reading European gas is on track for a 3rd consecutive weekly gain as Russia threatens to further taper supplies

The Democrats plan to put a 1% tax on share buybacks, as part of a deal to rescue Joe Biden’s agenda. Stock buybacks have supported the market in recent years, with companies spending huge amounts on their own shares. Analysts said the tax could be a new headwind, but said companies would likely increase spending… Continue reading The Democrats have taken aim at the stock market’s safety net by taxing buybacks – potentially creating another headwind for investors

Expect steep drops in oil prices as demand for gasoline falls and supply rises, a Citi strategist said.  “The market is no longer expecting tightness ahead,” Ed Morse told CNBC.  A busy hurricane season however is a major risk to markets and could lift prices back up.   Loading Something is loading. Crude oil dropped below… Continue reading As crude drops below $90 a barrel, investors should bet on a steep drop in the oil price, Citi strategist says

Michael Burry warned that market ‘silliness is back’ in a recent tweet. The ‘Big Short’ investor compared the current situation to the stock market crashes of 1929 and 2008. “Familiar COVID-era silliness is not dead yet,” Burry said. Loading Something is loading. Markets are starting to behave irrationally again, according to Michael Burry. The investor… Continue reading ‘Big Short’ investor Michael Burry warns that ‘silliness is back’ in markets despite the recent rebound

European nations will have to pay $51 billion, or 10 times the usual amount, to fill up winter gas stockpiles this year, per Reuters. Countries remain on track to reach a gas storage filling target amid the continent’s energy crunch. European gas stockpiles are 70% full, and have built up storage through curbing demand.  Loading… Continue reading European gas stockpiles are set to cost countries 10 times the usual amount for winter storage amid Russia’s energy cutoff

The Bank of England hiked interest rates by 50 basis points on Thursday in an effort to tame soaring prices. Inflation rocketed to 9.4% year-on-year in June, and the BoE now expects it to hit 13% by the end of the year. It was the BoE’s biggest rate increase since 1995, and follows similarly big… Continue reading Bank of England hikes interest rates by 50 basis points as it tries to tame soaring inflation

, /PRNewswire/ — On August 3, Fortune magazine released its latest Fortune Global 500 list, on which Country Garden Holdings (“Country Garden”) (02007.HK), China’s leading real estate developer, moved up to the 138th. This marks the sixth consecutive year that Country Garden has been included in the list since its debut in 2017, demonstrating the… Continue reading 2022 Fortune Global 500 List Released, With Country Garden Rising to the 138th

The bear market will drag on as the Federal Reserve stays hawkish, according to Evercore ISI’s Julian Emanuel. He warned investors to brace for a “dangerous month” where the sell-off could easily continue. Market uncertainty will likely continue until the Fed stops raising interest rates, Emanuel said. Loading Something is loading. Investors should continue to… Continue reading Evercore says to brace for more volatility ahead of a ‘dangerous month’ as the bear market drags on