US shale leaders said the industry can’t bail out energy-strapped Europe with increased oil and gas supplies. They said they can’t step up production fast enough to avert Europe’s winter shortages, the FT reported. “It’s not like the US can pump a bunch more. Our production is what it is,” a big shale investor said. … Continue reading The US shale industry can’t step up oil and gas output fast enough to rescue Europe this winter, its bosses say
The US is bracing for railroad strikes – but markets shouldn’t see that as a ‘black swan’ event, Goldman Sachs’ chief economist says
More than 90,000 freight railroad workers are preparing to strike for better pay and more time off. Officials have warned that the strikes could cost the US economy $2 billion a day. But the strikes won’t cause an economic ‘black swan’ event, Goldman Sachs’s Jan Hatzius said. Loading Something is loading. Striking freight-railroad workers are… Continue reading The US is bracing for railroad strikes – but markets shouldn’t see that as a ‘black swan’ event, Goldman Sachs’ chief economist says
Some retail traders are turning to gambling addiction centers after a wild 2-year ride for stocks – but clinicians’ limited understanding of the condition and markets means help can be hard to come by
There’s been an uptick in retail investors checking into gambling treatment centers. Treatment can be limited, as clinicians often don’t understand the condition or the stock market. That’s left some addicted traders discouraged – and sometimes diving back into the market. Loading Something is loading. Matt Widmann, a 35-year-old commercial fisherman from Alaska, knew that… Continue reading Some retail traders are turning to gambling addiction centers after a wild 2-year ride for stocks – but clinicians’ limited understanding of the condition and markets means help can be hard to come by
A 24-year-old stock trader made over $1.4 million in 2 years. Here are the 5 criteria he looks for in a stock, how he finds his trades, and the key strategy he sticks to.
Matthew Monaco came across day trading when he was searching for ways to make money online. Once he finds a rising stock, he gradually scales into it while he maintains his risk margin. His goal is to gain three times his risk margin before he gradually exits in increments. In the fall of 2016, Matthew… Continue reading A 24-year-old stock trader made over $1.4 million in 2 years. Here are the 5 criteria he looks for in a stock, how he finds his trades, and the key strategy he sticks to.
Russia could use its oil to buy weapons from North Korea as sanctions limit the Kremlin’s ability to resupply its military, analysts say
Russia could use its oil to buy weapons from North Korea, analysts said, as sanctions limit the Kremlin’s ability to resupply its military. The Pentagon confirmed a New York Times report that said Russia is looking to buy millions of artillery shells and rockets from North Korea. “Russia has traditionally provided North Korea a fair… Continue reading Russia could use its oil to buy weapons from North Korea as sanctions limit the Kremlin’s ability to resupply its military, analysts say
Oil climbs over 3% as natural gas prices soar and OPEC+ meets to discuss trimming output
Oil rose about 4% Monday after OPEC+ agreed to cut output by 100,000 barrels a day in October. Crude producers agreed to trim supply after prices fell and Saudi Arabia floated the idea. Also in focus is the G7’s Russian oil price cap plan, after Moscow said it won’t sell to those participating. Loading Something… Continue reading Oil climbs over 3% as natural gas prices soar and OPEC+ meets to discuss trimming output
Stock investors should brace for volatility as stronger economic data may support the Fed’s higher-for-longer view on interest rates, Goldman Sachs’ chief equities strategist says
Stock investors will be navigating through a choppy and challenging period after the Fed’s Jackson Hole event, a top Goldman Sachs strategist told CNBC on Tuesday. Markets had rebounded as investors saw weaker data as evidence that interest rates and inflation had peaked, Goldman’s chief global equity strategist Peter Oppenheimer said. “We’re moving into a… Continue reading Stock investors should brace for volatility as stronger economic data may support the Fed’s higher-for-longer view on interest rates, Goldman Sachs’ chief equities strategist says
The US and India have made progress on a plan to cap the price of Russian oil as G7 countries aim for December to implement proposal, says Treasury official
The US and India have made some progress on price cap talks, according to the US Deputy Treasury Secretary. India has emerged as one of Russia’s largest oil customers as it snaps up discounted barrels. G7 leaders aim to have a price cap in place by December 5, when Europe’s ban on seaborne Russian oil… Continue reading The US and India have made progress on a plan to cap the price of Russian oil as G7 countries aim for December to implement proposal, says Treasury official
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