It was a rough start to the holiday-shortened week as rising geopolitical tensions between the U.S. and Russia – and a rare revenue miss from Home Depot (HD (opens in new tab)) – sent stocks tumbling Tuesday. Investors also got hit with some stronger-than-expected economic data, which heightened fears that the Fed could keep interest… Continue reading Stock Market Today: Dow Dives 697 Points After Home Depot Revenue Miss
Dow dives 697 points as bond yields jump on concerns the Fed will keep raising rates
Carla Mozée (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) US stocks dropped Tuesday as investors fret that the Fed will keep rates elevated. Investors will parse minutes from the Fed’s February meeting on Wednesday. The 2-year bond yield was approaching 2007 highs. Loading Something is loading. Thanks for signing… Continue reading Dow dives 697 points as bond yields jump on concerns the Fed will keep raising rates
Iran rations euros as fights break out at foreign-exchange offices amid rial’s plunge to record lows
Iran will limit the purchase of euros to 500 a year for air passengers. Previously, Iranians were able to buy up to 5,000 euros per year from authorized sellers. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. This comes after the currency… Continue reading Iran rations euros as fights break out at foreign-exchange offices amid rial’s plunge to record lows
Natural gas plunges 10% to its lowest level since 2020 as winter demand concerns fade
Natural gas prices plunged as much as 10% on Tuesday to levels not seen since September 2020.US prices fell to a low of $2.06 per million BTUs, representing a 79% decline from its August high.The decline in natural gas prices can be attributed to a mild winter that has led to less demand. Loading Something… Continue reading Natural gas plunges 10% to its lowest level since 2020 as winter demand concerns fade
Tesla EVs are the cheapest they have ever been relative to the overall US auto market
Some Tesla models are now selling for less than the average new car in the US. Both the Tesla Model 3 and Model Y have been extensively marked down recently. Automakers like Ford and Rivian followed Tesla’s lead in January in slashing prices. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Tesla EVs are the cheapest they have ever been relative to the overall US auto market
Tesla short sellers have lost $7 billion in 2023 as the EV maker’s stock has soared 86%
Tesla short sellers have lost $7.2 billion during 2023, according to data analytics firm S3 Partners. The EV maker’s stock jumped 86% year-to-date amid a broader tech rally. Ten of the most-shorted stocks delivered nearly $17 billion in total losses this year, including Meta and Apple. Loading Something is loading. Thanks for signing up! Access… Continue reading Tesla short sellers have lost $7 billion in 2023 as the EV maker’s stock has soared 86%
Housing supply needs mean more condos, benefiting renters and investors alike
Condos also more attractive for buyers on a budget Condo buildings in Liberty Village neighbourhood in Toronto. Photo by Carlos Osorio/Reuters files Resales often dominate conversations about housing markets, while transactions of newly built housing, especially condominiums, do not receive the same attention despite transactions of new or pre-built condominiums constituting a sizable chunk of… Continue reading Housing supply needs mean more condos, benefiting renters and investors alike
Barry Choi: Forget air passenger rights, get travel insurance
Don’t miss: This cash back app pays actual cash A low credit score can cost you thousands in interest — here’s how you can prevent that 5 mistakes Canadian parents are making with their life insurance What is extended travel insurance? Extended travel insurance covers anything that’s not medical-related, such as hospital stays. Although every… Continue reading Barry Choi: Forget air passenger rights, get travel insurance
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