Markets

Germany would tumble into a deep recession if Russia cuts off natural gas supplies altogether, Commerzbank has warned. The bank said Wednesday that Europe’s biggest economy could shrink 2.7% this year in a worst-case scenario. Policymakers are increasingly concerned Russia could halt flows, after it slashed supplies to 20% of capacity. Loading Something is loading.… Continue reading Germany would plunge into a 2009-style recession if Russia cuts off natural gas supplies, Commerzbank warns

Fed officials pushed back against expectations that the central bank is about to let up on rate-hike increases. Investors have begun to expect the Fed to pause rate hikes in 2023 and then to start cutting borrowing costs. But Fed official Mary Daly said the central bank is “nowhere near almost done” in its quest… Continue reading The Fed has pushed back hard on expectations it will pause rate hikes, with officials saying it’s ‘nowhere near’ done

Global stocks declined Wednesday as tensions heat up between US and China over Taiwan.  The dollar eased after a steep rally the day before when investors snapped up safe-havens.  Oil prices tumbled ahead of an OPEC meeting where supply is expected to stay tight.  Loading Something is loading. Global stocks fell on Wednesday, as US-China… Continue reading Global stocks fall as US-China tensions mount while the dollar steadies after Fed-driven rally

Robinhood’s monthly active users plunged 34% to 14 million over the past year. Retail investors are leaving the platform as stocks and cryptocurrencies plummet. The trading app now plans to cut 23% of its staff, chief executive Vlad Tenev said. Loading Something is loading. Robinhood has lost a third of its users in the space… Continue reading 7 million retail investors have left Robinhood in a year as stocks and cryptocurrencies plummet

, /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) today reported 2022 second quarter financial and operating results and announced the company is taking actions to solidify its strategic focus on its core Marcellus and Haynesville positions. Net cash provided by operating activities of $909 millionDelivered adjusted EBITDAX(1) of $1,269 million and $494 million in adjusted… Continue reading CHESAPEAKE ENERGY CORPORATION REPORTS 2022 SECOND QUARTER RESULTS AND ANNOUNCES IT IS SOLIDIFYING ITS STRATEGIC FOCUS ON CORE MARCELLUS AND HAYNESVILLE POSITIONS

West Texas Intermediate crude has fallen below its 200-day moving average for the first in seven months.  WTI oil had been above that average for 152 trading days before falling sharply in the previous session.  But the move doesn’t mean a downturn is in store for the S&P 500 energy sector, one research firm said. … Continue reading Oil prices have dropped below a key threshold for the first time in 7 months but it doesn’t spell the end for growth in energy stocks, research firm says

Global stocks dropped on Tuesday as Nancy Pelosi’s visit to Taiwan sent US-China tensions spiking. Investors sought the safety of assets such as the Japanese yen and US government bonds. China sent fighter jets to the so-called median line that divides Taiwan and China in a show of strength. Loading Something is loading. Global stocks… Continue reading Global stocks drop and Japan’s yen surges as Nancy Pelosi’s Taiwan visit drives US-China tensions

Russia said it is essentially helpless in terms of the repairs it says the Nord Stream gas pipeline needs.  “This situation needs a fix and Russia has a little ability to help here,” the Kremlin said.  Natural gas flows to Europe dwindled to almost nothing as Russia repeatedly cites equipment hold-ups.   Loading Something is loading.… Continue reading Russia says it can’t do much to help with Nord Stream 1 gas pipeline repairs after it slashed flows to Europe again