Matthew Fox Lucas Jackson/Reuters US stocks attempted to rebound on Wednesday after suffering a sharp sell-off over the past month.The S&P 500 is down 6% this month as interest rates have surged to their highest level since 2007.A rise in the US dollar and oil prices has also served as a headwind for stock prices… Continue reading US stocks attempt to rebound after interest rate-driven sell-off
MicroStrategy purchased another $150 million in bitcoin since August as prices tumbled
MicroStrategy added 5,455 bitcoins between August 1 and September 24, an SEC filing shows. Shares were sold to finance the purchase. The firm now holds 158,245 bitcoins, worth about $4.1 billion. The latest bitcoin-buying spree came as prices for the token were sliding. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading MicroStrategy purchased another $150 million in bitcoin since August as prices tumbled
Uranium is the new gold as the world goes nuclear once again
A push to go green and abandon fossil fuels has got the world interested in uranium again. A demand surge has seen uranium prices jump to levels not seen since Japan’s Fukushima nuclear disaster in 2011. Experts have warned of a uranium supply crunch that could see costs rising further in the coming years. Loading… Continue reading Uranium is the new gold as the world goes nuclear once again
Trade ties between China and the EU are ‘at a crossroads’ over Russia’s war in Ukraine, senior official warns
China’s relations with the EU are “at a crossroads,” a senior official said. The FT reported comments from Valdis Dombrovskis on China’s support for Russia’s war in Ukraine. “We can choose a path towards mutually beneficial relations…or we can choose a path that slowly moves us apart.” Loading Something is loading. Thanks for signing up!… Continue reading Trade ties between China and the EU are ‘at a crossroads’ over Russia’s war in Ukraine, senior official warns
China’s property stocks fall by the most in nine months as Evergrande says it’s unable to issue new debt
China’s embattled property stocks have tanked by the most in nine months, according to Bloomberg data. The Bloomberg Intelligence gauge of Chinese developer shares fell almost 7% after Monday’s trading. Major developer Evergrande fell by 25% after announcing it was unable to issue new debt. Loading Something is loading. Thanks for signing up! Access your… Continue reading China’s property stocks fall by the most in nine months as Evergrande says it’s unable to issue new debt
US stocks fall to head for worst monthly loss of 2023 as bond yields spike on Fed fears
Jennifer Sor Don Emmert /AFP/GettyImages US stocks slid further on Thursday as bond yields continued to surge. All three indexes traded lower as investors braced for higher-for-longer interest rates. Meanwhile, the S&P 500 is on track to end September with its worst monthly performance in 2023. Loading Something is loading. Thanks for signing up! Access… Continue reading US stocks fall to head for worst monthly loss of 2023 as bond yields spike on Fed fears
Hollywood writers deal pushes Warner Bros and Paramount stocks higher as the strike nears its end after 146 days
Paramount and Warner Bros. Discovery stocks climbed on Monday on news of a deal to end the writers strike. A tentative agreement was reached between the Writer’s Guild of America and film studios to end the 146-day strike. The agreement still needs to be ratified by WGA members, which represents over 11,000 staffers. Loading Something… Continue reading Hollywood writers deal pushes Warner Bros and Paramount stocks higher as the strike nears its end after 146 days
The disruptive effect of weight loss drugs like Ozempic could have surprising impacts on the stock market. Here are potential winners and losers.
The potential ripple effects of GLP-1 weight loss drugs like Ozempic and Wegovy are far-reaching. There could be reduced demand for junk food and increased demand for athletic brands. These are the stock market’s potential winners and losers of the fast-growing weight loss drugs. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading The disruptive effect of weight loss drugs like Ozempic could have surprising impacts on the stock market. Here are potential winners and losers.
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