Most people should not buy individual stocks. That might sound strange or even hypocritical coming from someone who writes about stocks for a living. After all, a big part of my job is dedicated to helping readers identify stocks that will beat the market. To that end, I consult analysts’ research and recommendations, look at… Continue reading Why I Don’t Buy Stocks
Russia is spending surprisingly little on its war on Ukraine
Russia’s invasion of Ukraine has cost Moscow a small amount by historical standards, per the Economist. Russia’s spending remains opaque, but its war budget is about 3% of GDP. By comparison, the Soviet Union spent 61% of GDP in World War II. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Russia is spending surprisingly little on its war on Ukraine
C3.ai plunges 21% after its earnings outlook fails to live up to the AI hype
C3.ai stock plunged more than 20% on Thursday after the company failed to live up to the AI hype with an underwhelming earnings outlook.While C3.ai beat earnings estimates, the software company said it wasn’t “inclined to change expectations” amid the AI frenzy.The company said it expects adjusted losses of up to $75 million in its… Continue reading C3.ai plunges 21% after its earnings outlook fails to live up to the AI hype
India snaps up record amount Russian oil while flows from Saudi Arabia plunge to 28-month low
Russia sold 1.96 million barrels of oil to India a day in May, notching a new record. Meanwhile, oil flows from Saudi Arabia to India have plunged to a 28-month low. Russia has surpassed Saudi Arabia as India’s largest crude supplier, thanks to hefty discounts on its oil. Loading Something is loading. Thanks for signing… Continue reading India snaps up record amount Russian oil while flows from Saudi Arabia plunge to 28-month low
US stocks fall to start June as traders watch debt ceiling bill move through Congress
US stocks fell on Thursday as investors eyed the debit limit deal’s progress. The House passed bipartisan debt limit legislation on Wednesday night. Traders are also looking to the Fed’s next policy meeting on June 13-14. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading US stocks fall to start June as traders watch debt ceiling bill move through Congress
The housing market faces a ‘chicken and egg’ problem’ that could mean home prices start to fall
The US housing market faces a chicken and egg problem, according to Realtor.com. High mortgage rates are deterring buyers, and sellers who don’t want to swap out low rates they locked in previously. New home listings dropped 22.7% in May as many sellers and buyers stay put, but home prices could start falling. Loading Something… Continue reading The housing market faces a ‘chicken and egg’ problem’ that could mean home prices start to fall
What Happens When a Treasury Bill Matures?
Treasury bills — better known as T-bills — are debt securities issued by the United States Treasury with maturities of one year or less. They are considered risk-free, the recent debt-ceiling issue notwithstanding, as the US government can always print the money to pay back the debt. And given that they have only a short… Continue reading What Happens When a Treasury Bill Matures?
Stock Market Today: Stocks Give Back Big Debt Ceiling Deal Gains
News that a debt ceiling deal was reached over the weekend sent stocks higher at the start of the holiday-shortened week, though optimism faded as the session wore on. But it wasn’t only the debt ceiling in focus today. Nvidia (NVDA) continued its monumental rise – briefly passing a milestone that’s rarely been met on… Continue reading Stock Market Today: Stocks Give Back Big Debt Ceiling Deal Gains
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