Russian deputy prime minister Alexander Novak threatened to cut off gas supply to Europe via Nord Stream 1. The moves came after Secretary of State Blinken said the US was discussing a ban on Russian oil with Europe. Novak said a ban on Russian oil would drive the price of the commodity to $300 a… Continue reading Russia warns oil prices could hit $300 a barrel if the US and Europe reject Russian oil, says the move would have ‘catastrophic consequences’
Dow falls 800 points as investors fear the impact of surging oil prices
US stocks closed Monday’s session lower, with the Nasdaq falling more than 3%. Geopolitical turmoil has pushed oil to multi-year highs while other commodities like wheat also spike. Morgan Stanley warned that risks to the market will be heightened over the next six to eight weeks. Loading Something is loading. US stocks fell on Monday,… Continue reading Dow falls 800 points as investors fear the impact of surging oil prices
GameStop chairman Ryan Cohen reveals a $150 million stake in Bed, Bath & Beyond — and urges its bosses to explore a sale of the company
GameStop chairman Ryan Cohen disclosed a 9.8% stake in Bed, Bath & Beyond. The activist investor urged the retailer’s bosses to refocus and explore a sale of the company. Cohen pushed for compensation changes and a spin-off or sale of the Buybuy Baby division. Loading Something is loading. GameStop chairman Ryan Cohen disclosed a 9.8%… Continue reading GameStop chairman Ryan Cohen reveals a $150 million stake in Bed, Bath & Beyond — and urges its bosses to explore a sale of the company
Global shares plunge and oil surges to almost $140 a barrel, as US and Europe consider a ban on Russian energy exports
Global shares fell Monday, with heavy losses in Europe in light of a possible Western ban on Russian oil. Crude surged to almost $140 a barrel overnight, as other key Russian exports like nickel and palladium also jumped. “It’s hard to see much in the way of significant upside for stock markets now against a… Continue reading Global shares plunge and oil surges to almost $140 a barrel, as US and Europe consider a ban on Russian energy exports
Oil surges 10% to $130 a barrel on intensifying fears of a supply crunch
Crude oil prices jumped by as much as 18% on Monday to almost $140 a barrel. Secretary of State Antony Blinken told NBC the US was discussing a ban on Russian oil with Europe. US gas prices at the pump jumped 11% on-week to around $4 a gallon — the highest level since 2008. Loading… Continue reading Oil surges 10% to $130 a barrel on intensifying fears of a supply crunch
Warren Buffett thinks this investment will be his firm’s key asset in 100 years, while Cathie Wood calls it a ‘bad idea’
Warren Buffett and Cathie Wood are polar opposites when it comes to their investment styles.A sector the two investors can’t agree on is railroads, with Ark naming the sector among its list of “bad ideas.””I’ll venture a rare prediction: BNSF [Railway] will be a key asset for Berkshire and our country a century from now,”… Continue reading Warren Buffett thinks this investment will be his firm’s key asset in 100 years, while Cathie Wood calls it a ‘bad idea’
Russia’s central bank is scrambling to prop up the country’s economy. Here’s everything it’s done to stave off sanctions and what it could do next.
Russia’s central bank has doubled interest rates, limited foreigners from moving money, and made other moves in response to Western sanctions. Russia’s economy is in turmoil and the ruble is worth less than a penny. Two experts explained what Russia’s central bank could do next. Loading Something is loading. Western sanctions are battering the Russian… Continue reading Russia’s central bank is scrambling to prop up the country’s economy. Here’s everything it’s done to stave off sanctions and what it could do next.
Russia’s invasion of Ukraine aggravated already-soaring lumber prices, and they’re about to start seeing even bigger swings
Russia’s attack on Ukraine aggravated already surging lumber prices. Futures are now just 15% below the record high of $1,711 per thousand board feet reached last May. Lumber prices have been volatile this year and could get even wilder with expanded trading limits. Loading Something is loading. Lumber prices are continuing to surge amid Russia’s… Continue reading Russia’s invasion of Ukraine aggravated already-soaring lumber prices, and they’re about to start seeing even bigger swings
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