Markets

UBS warned investors that market volatility will likely continue over the next few months. Stocks rebounded in July, with the S&P 500 rallying over 9% to erase some of its losses from this year. “There remains far too much uncertainty and markets may stay choppy in the coming months,” CIO Mark Haefele said. Loading Something… Continue reading Stock markets will remain volatile for the next few months despite their July rebound, according to UBS

Stocks fell Monday amid uncertainty around the path of Fed rate hikes through the rest of this year.  Major indexes struggled to maintain midday gains, led lower by the energy sector.  The S&P 500 is coming off of its best month since November 2020.  Loading Something is loading. US stocks declined on Monday, as investors… Continue reading US stocks slide after strong showing in July as investors assess path of Fed policy

Revlon stock surged 121% on Monday after a judge approved a bankruptcy loan for up to $1.4 billion.Revlon filed for Chapter 11 bankruptcy protection in June after suffering a COVID-19 induced slowdown to its business.Since filing for bankruptcy, shares of Revlon surged more than 670% as investors bet there may be a deal that includes… Continue reading Revlon soars 121% as post-bankruptcy surge continues after judge approves $1.4 billion loan

Global stocks edged higher Monday but oil prices slipped as investors mulled the economy and earnings. US futures slipped after the S&P 500 had its best month November on signs that the Fed may pause rate hikes. Investors will be keeping a close eye on economic data and upcoming company earnings for hints on the… Continue reading Global stocks edge higher but oil prices fall as investors mull the economy and await earnings

The US government wants to crack down on Iranian oil smugglers, according to the Wall Street Journal. Iranian oil reportedly trades at a $10 a barrel discount to Brent crude, which has seen its price soar since Russia invaded Ukraine. Nuclear deal talks between the two countries stalled earlier this year. Loading Something is loading.… Continue reading The US is drawing up sanctions against companies that smuggle Iranian oil, according to a report

, /PRNewswire/ — FOR-U Smart Freight was included in the July 28 release of Fortune’s list of the Most Socially Impactful Companies in China in 2022 for its high growth, its innovation and its leading role in integrating the latest advancements in digital technologies into the world of road transportation. FOR-U is the only technology logistics company… Continue reading FOR-U Smart Freight Shortlisted in Fortune’s Latest List of the Most Socially Impactful Companies in China

New highs in the stock market could arrive a lot sooner than investors expect, according to Fundstrat’s Tom Lee.He said the S&P 500 could hit new highs before year-end as the 2022 bear market is over.”When bad news doesn’t take down markets, it is time for investors to assess,” Lee said. Loading Something is loading.… Continue reading The stock market could surge 18% to new highs by year-end as the 2022 bear market is over, Fundstrat says

Oil prices will continue to stay high as production constraints look to keep crude supplies tight, according to the world’s top energy giants. “There is more upside than downside when it comes to the oil price,” Shell’s CEO said. “Clearly, to lower prices, the industry needs to increase investment and catch up to recovering demand.… Continue reading Oil prices will stay high as production constraints will keep supplies tight, top CEOs say