Saudi Arabia is growing annoyed with Russia as Moscow continues to pump cheap crude oil into the market.The increased supply of oil from Russia is helping push oil prices below levels Saudi Arabia needs to fund its megaprojects.Saudi Arabia’s massive budget needs oil prices to be above $81 per barrel, according to The Wall Street… Continue reading Russia and Saudi Arabia are at odds after a flood of Russian oil supply pushed the commodity’s price below a key break-even level needed to fund Saudi projects
Elon Musk visiting China is a sign Tesla is ‘playing nice’ with Beijing and its stock will outperform this year, Wedbush says
Elon Musk’s trip to China shows Tesla is “playing nice” with Beijing amid US-China tensions, Wedbush said. Musk’s private jet landed in Beijing on Tuesday, marking his first trip to China in 3 years, Reuters reported. Wedbush says these developments around Musk’s China relationship could mean more upside for Tesla stock. Loading Something is loading.… Continue reading Elon Musk visiting China is a sign Tesla is ‘playing nice’ with Beijing and its stock will outperform this year, Wedbush says
Retail investors aren’t buying into the AI hype yet, and the boom pales in comparison to the meme-stock bubble
AI-related stocks have soared this year, but retail investors aren’t driving the action, Vanda Research said. “Our in-house US equity positioning shows retail investors remain on the sidelines despite the recent AI craze.” The AI trend is also relatively small compared with the meme-stock frenzy surrounding GameStop and AMC. Loading Something is loading. Thanks for… Continue reading Retail investors aren’t buying into the AI hype yet, and the boom pales in comparison to the meme-stock bubble
Markets are sounding alarms on China’s economy, but analysts say Wall Street is missing the big picture
Financial markets have been raising red flags recently about China’s economy. That’s because high expectations for a robust post-Covid rebound have largely failed to pan out. But analysts said Wall Street is being too short-sighted and not looking long term. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Markets are sounding alarms on China’s economy, but analysts say Wall Street is missing the big picture
Jim Rogers is bracing for the worst bear market of his life, de-dollarization, and higher interest rates. Here are the investing legend’s 7 best quotes from a new interview.
Jim Rogers is preparing for the most devastating bear market of his lifetime. The veteran investor sees higher interest rates and serious threats to the US dollar. Rogers is bullish on commodities and skeptical that governments will adopt bitcoin. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Jim Rogers is bracing for the worst bear market of his life, de-dollarization, and higher interest rates. Here are the investing legend’s 7 best quotes from a new interview.
Big Tech stocks’ massive gains this year have made them even more dominant. That could be bad news for investors.
Big Tech stocks have jumped in 2023, with Meta and Nvidia both soaring over 100%. Those gains have only increased the technology giants’ dominance of the S&P 500. The higher concentration levels could make the benchmark index vulnerable to wild swings. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Big Tech stocks’ massive gains this year have made them even more dominant. That could be bad news for investors.
3 reasons why even China doesn’t want the yuan to replace the dollar as the world’s reserve currency
The Chinese yuan is one of the top contenders challenging the USD’s dominance as a reserve currency. However, Beijing may not be fully supportive of making the yuan the reserve currency of choice. Key challenges include Beijing’s unwillingness to open its capital accounts or to run a deficit. Loading Something is loading. Thanks for signing… Continue reading 3 reasons why even China doesn’t want the yuan to replace the dollar as the world’s reserve currency
Bitcoin is on a tear in 2023. Here’s where 4 crypto pros see the coin headed by the end of the year.
Bitcoin has jumped over 60% year-to-date, paring losses from a brutal 2022. Insider spoke to four crypto experts on what’s next for bitcoin in 2023. One blockchain exec said bitcoin can’t hit a record high until US inflation is under control. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Bitcoin is on a tear in 2023. Here’s where 4 crypto pros see the coin headed by the end of the year.
Recent Post
