A busy week started with a bang for at least one of the three major market indexes. While today was quiet on the economic and earnings fronts – both heat up later this week with the December consumer price index (CPI) on Thursday and big banks reporting Q4 results on Friday – there was plenty… Continue reading Stock Market Today: Nasdaq Pops as Tesla, Coinbase Stocks Soar
Why a Strong U.S. Dollar Is Bad News for Investors
According to the U.S. Dollar Index (opens in new tab), which measures the currency against a number of significant trading partners, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc, the worth of the U.S. dollar has risen by nearly 9.3% during the past year. By comparison, the British pound… Continue reading Why a Strong U.S. Dollar Is Bad News for Investors
An oil expert breaks down China’s role in crude markets as a key Russian fuel sinks far below the $60-a-barrel price cap
Russian Urals, the nation’s largest crude oil export, is trading at roughly $38 a barrel, well below the $60 price cap. But to oil historian Gregory Brew, the price reflects a softening global market, more than the impact of sanctions. “Softer market conditions have made the [price] cap somewhat moot,” he told Insider. Loading Something… Continue reading An oil expert breaks down China’s role in crude markets as a key Russian fuel sinks far below the $60-a-barrel price cap
US stocks trade mixed as investors digest latest Fed comments on rate outlook
Jennifer Sor Lucas Jackson/Reuters US stocks traded mixed as investors digested the latest Fed comments on the outlook for interest rates. Two regional Fed presidents see rates rising over 5% in order for the central bank to rein in inflation. Investors also have their eye on Thursday’s December CPI report, a key inflation measure that… Continue reading US stocks trade mixed as investors digest latest Fed comments on rate outlook
One of the first banks to dive into crypto is exiting the business, citing ‘recent developments’ in the market
Metropolitan Commercial Bank says the firm will terminate its crypto-related offerings for clients. The bank was one of the first to jump into the nascent digital asset market. The firm cited changes in the regulatory environment as part of its decision. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading One of the first banks to dive into crypto is exiting the business, citing ‘recent developments’ in the market
Warren Buffett’s Berkshire Hathaway sells a million more BYD shares to realize huge profits in the Chinese EV maker
Warren Buffett’s Berkshire Hathaway sold 1 million more shares of Chinese EV maker BYD.Berkshire Hathaway still owns 153.3 million shares of BYD, which represents a 14% stake.Buffett’s firm initially invested $232 million in the automaker in 2008, creating billions of dollars in profits. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Warren Buffett’s Berkshire Hathaway sells a million more BYD shares to realize huge profits in the Chinese EV maker
Sam Bankman-Fried’s attorneys are bringing experience working on ‘El Chapo’ and Ghislaine Maxwell cases to the crypto exec’s defense
Sam Bankman-Fried’s lawyers have experience working on big cases related to drug lord ‘El Chapo’ and Ghislaine Maxwell. Attorneys Mark Cohen and Christian Everdell are former federal prosecutors who are now partners at Cohen & Gresser. Last week, Bankman-Fried pleaded not guilty to six conspiracy counts and two counts of wire fraud. Loading Something is… Continue reading Sam Bankman-Fried’s attorneys are bringing experience working on ‘El Chapo’ and Ghislaine Maxwell cases to the crypto exec’s defense
China looks to weaken US dollar with petroyuan as oil producers rally to Beijing, and Russia has ‘become an Asian nation,’ analyst says
Russia’s war on Ukraine triggered a larger embrace of the yuan for oil sales which could shift the crude market. Kpler lead crude analyst Viktor Katona told Insider that Russia has essentially “become an Asian nation.” The birth of a so-called petroyuan could spread across Asia for crude transactions, he added. Loading Something is loading.… Continue reading China looks to weaken US dollar with petroyuan as oil producers rally to Beijing, and Russia has ‘become an Asian nation,’ analyst says
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