US stocks ended Monday’s session mixed. The energy sector jumped alongside crude oil prices. Brent and WTI oil soared after OPEC+ announced production cuts will start in May. Tech stocks were weighed by the renewed prospect of higher interest rates. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading US stocks end mixed as energy sector rides surge in oil prices while tech stocks fall
Dogecoin soars 20% after the token’s Shiba Inu mascot replaces Twitter’s bird logo
Dogecoin jumped 20% on Monday after Twitter users noticed the token’s Shiba Inu mascot on Twitter’s website. Elon Musk, who’s regularly pumped the meme coin, also brushed off a lawsuit related to the token. Musk’s lawyers defended his “silly” tweets about the coin, asking a judge to toss a $258 billion suit. Loading Something is… Continue reading Dogecoin soars 20% after the token’s Shiba Inu mascot replaces Twitter’s bird logo
The energy sector is having its best day in 6 months as oil soars after OPEC+ announces surprise production cuts
The S&P 500’s Energy Index popped as much as 5.5% Monday, its best day since October. Energy stocks were the top 10 gainers in the benchmark index in Monday’s session. The price surge follows OPEC+’s surprising decision to slash oil production. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading The energy sector is having its best day in 6 months as oil soars after OPEC+ announces surprise production cuts
Tesla falls 7% as first quarter deliveries show growing inventory buildup and analysts say that more price cuts may be needed
Tesla stock fell 7% on Monday after the company announced its first quarter vehicle deliveries.Tesla delivered 422,900 vehicles last quarter, which was ahead of Wall Street’s 421,500 estimate.The stock fell as Tesla vehicle inventory surged, suggesting to some analysts that they need to enact more price cuts to spark demand. Loading Something is loading. Thanks… Continue reading Tesla falls 7% as first quarter deliveries show growing inventory buildup and analysts say that more price cuts may be needed
High Yields From High-Rate Lenders
A likely peak in inflation, along with interest rates that are thereby also at or near their apex, stands to revitalize the long-running global search for high yields. That should mean more demand for high-yielding credit securities, which include business development companies, or BDCs (typically high-rate lenders to small or midsize firms, with similar tax… Continue reading High Yields From High-Rate Lenders
Russia is undergoing ‘reverse industrialization’ as limited resources force a retreat from high tech industries, Finland’s central bank says
Russia’s economy is going though “reverse industrialization,” Finland’s central bank said. The country is shifting away from investments in technology to support its war on Ukraine. “Russia is stuck ineluctably on a path to lower potential growth and a bleak economic future.” Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Russia is undergoing ‘reverse industrialization’ as limited resources force a retreat from high tech industries, Finland’s central bank says
The stock market is facing a ‘pain trade’ that suggests the latest rally will extend into April
The stock market has a knack for doing the opposite of what most people think it will do, and that’s what’s playing out right now.Despite the bank failures and more interest rate hikes from the Fed, stocks are moving higher.The rally could continue into April as many investors are caught offsides and buy, according to… Continue reading The stock market is facing a ‘pain trade’ that suggests the latest rally will extend into April
Charlie Munger shares investing advice and slams stock-market gamblers in a newly surfaced conversation. Here are his 9 best quotes.
Charlie Munger gives investing tips and blasts stock-market gamblers in a newly surfaced interview. Warren Buffett’s business partner underlines the power of focus, patience, and independent thought. The billionaire investor praises US officials’ pandemic response and warns of threats to humanity. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Charlie Munger shares investing advice and slams stock-market gamblers in a newly surfaced conversation. Here are his 9 best quotes.
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