US stocks closed mixed Friday in a volatile session that saw the S&P 500 hit bear-market territory. The S&P 500 and the Dow Jones Industrial Average extended weekly losing streaks. Retailers had a rough week after disappointing financial updates. Loading Something is loading. US stocks erased steep intraday losses to close mixed Friday in a… Continue reading US stocks close mixed after the S&P 500 slides into a bear market amid recession fears
The key 10-year Treasury yield is tumbling to its lowest point in weeks as softening economic conditions fuel speculation of a ‘Fed pivot’ on rates
The 10-year Treasury yield fell Thursday to its lowest level in three weeks Softer economic data could prompt a “Fed pivot” on interest rates, analysts said. The Fed has been signaling an aggressive course of rate hikes to cool down hot inflation. Loading Something is loading. The widely watched 10-year Treasury note yield sharply dropped… Continue reading The key 10-year Treasury yield is tumbling to its lowest point in weeks as softening economic conditions fuel speculation of a ‘Fed pivot’ on rates
Twitter jumps after the company tells employees its deal with Elon Musk is still on and that it won’t renegotiate the $54.20 takeover price
Twitter stock jumped 3% on Thursday after the company told employees that its deal with Elon Musk is not on hold.Bloomberg also reported that the social media company would not renegotiate its deal price of $54.20 per share.Musk recently tweeted that his deal to buy Twitter was “on hold” as he gets to the bottom… Continue reading Twitter jumps after the company tells employees its deal with Elon Musk is still on and that it won’t renegotiate the $54.20 takeover price
Lumber prices fall to new 2022 low as April existing home sales hit lowest level since the start of the pandemic
Lumber prices fell to a new 2022 low on Thursday after existing home sales showed a slowdown in April.Lumber futures fell as much as 6% to below $700 per thousand board feet, according to data from Finviz. Existing home sales fell for a third straight month in April to its lowest level since the start of… Continue reading Lumber prices fall to new 2022 low as April existing home sales hit lowest level since the start of the pandemic
Russian oil production is rebounding and will continue to increase as shunned supplies may find indirect route to Europe, Kremlin says
Russia’s oil production is showing signs of life after a steep downturn in April. The Kremlin said output rebounded by as much as 300,000 barrels per day in May. “We expect further recovery in June,” said Alexander Novak, Russia’s deputy prime minister. Loading Something is loading. Russia’s oil production is showing signs of recovery despite… Continue reading Russian oil production is rebounding and will continue to increase as shunned supplies may find indirect route to Europe, Kremlin says
Jeremy Grantham warns stocks will plummet, predicts a near-term recession, and sounds the alarm on a superbubble in a new interview. Here are the 9 best quotes.
Jeremy Grantham predicts US stocks will plunge and the economy will tumble into recession. The GMO cofounder warns the surge in a wide range of assets could be dangerous. Grantham anticipates stubborn inflation, and expects the Fed to struggle to curb price increases. Loading Something is loading. Jeremy Grantham warned US stocks could decline as… Continue reading Jeremy Grantham warns stocks will plummet, predicts a near-term recession, and sounds the alarm on a superbubble in a new interview. Here are the 9 best quotes.
Gas prices are headed to $6 a gallon in the US as the summer driving season kicks off, JPMorgan says
Gasoline prices are set to hit $6 a gallon on average in the US, says JPMorgan. Strong demand for fuel during the summertime driving season should propel prices at the pump. Residents in only three states are paying less than $4 a gallon, says AAA. Loading Something is loading. Californians are shelling out $6 a… Continue reading Gas prices are headed to $6 a gallon in the US as the summer driving season kicks off, JPMorgan says
Tesla has been kicked out of the S&P 500’s ESG index even though it makes zero-emission products. Here’s why.
Tesla has been kicked out of the S&P 500 ESG index despite its focus on making zero-emission products.”ESG is an outrageous scam! Shame on S&P Global,” Tesla CEO Elon Musk tweeted in response.Here’s why Tesla was kicked out of the sustainably focused stock market index this week. Loading Something is loading. Tesla stock was kicked… Continue reading Tesla has been kicked out of the S&P 500’s ESG index even though it makes zero-emission products. Here’s why.
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