Stock Market Today Growth stocks were some of the biggest losers today as government-bond yields spiked.Stocks sold off sharply Monday as the 10-year Treasury yield continued to climb. The yield on this closely watched government bond jumped 4 basis points to 3.029% – marking its first trip above the 3% threshold since late July. (A… Continue reading Stock Market Today: Dow Plunges 643 Points as Treasury Yields Climb | Kiplinger
Peloton Interactive Stock Volatile Ahead of Earnings | Kiplinger
stocks Our preview of the upcoming week’s earnings reports includes Peloton Interactive (PTON), Salesforce (CRM) and Snowflake (SNOW).Peloton Interactive (PTON, $12.66) takes the spotlight on this week’s earnings calendar ahead of the Aug. 25 open. Analysts, on average, expect Peloton to report a per-share loss of 72 cents in its fiscal fourth quarter, slightly wider than… Continue reading Peloton Interactive Stock Volatile Ahead of Earnings | Kiplinger
US stocks fall as rally loses momentum on concerns of more aggressive Fed rate hikes
US stocks fell Monday with the Dow losing more than 340 points. Major indexes finished with a loss last week as investors sell risk assets and flock to safe havens. European natural gas soared ahead of Russia’s three-day closure of the Nord Stream 1 pipeline. Loading Something is loading. US stocks dropped Monday, continuing the… Continue reading US stocks fall as rally loses momentum on concerns of more aggressive Fed rate hikes
European natural gas prices soar 19% to fresh record high on fears Russia will extend time of pipeline maintenance shutdown into Europe
European natural gas prices jumped Monday as the region braced for another gas pipeline shutdown by Russia. Front-month Dutch TTF natural gas futures shot up 19% to a fresh record high of 291 euros per megawatt hour. Russia’s Gazprom will run a three-day maintenance check on its Nord Stream 1 pipeline starting August 31. Loading… Continue reading European natural gas prices soar 19% to fresh record high on fears Russia will extend time of pipeline maintenance shutdown into Europe
Meet Jake Freeman, the college senior who cashed out a $110 million profit on Bed Bath & Beyond stock, writes academic papers, and loves taking baths
Jake Freeman raked in a roughly $110 million profit on Bed Bath & Beyond stock last week. The college senior discussed his huge wager on Reddit, Twitter, and in a Financial Times interview. The 20-year-old student spoke about his personal interests, including his love of taking baths. Loading Something is loading. Jake Freeman is a… Continue reading Meet Jake Freeman, the college senior who cashed out a $110 million profit on Bed Bath & Beyond stock, writes academic papers, and loves taking baths
US oil exports to China and India jump as American crude heads overseas at a record pace
US crude flows have seen an uptick in deliveries to Asia, Bloomberg data shows. Buyers in China, India and South Korea have scooped up more than 20 million barrels this month, per the report. The increase in American crude heading to Asia has dragged down spot premiums for Persian Gulf barrels. Loading Something is loading.… Continue reading US oil exports to China and India jump as American crude heads overseas at a record pace
It’s time to ‘play defense’ with stocks experiencing a classic bear-market rally, Wells Fargo warns
Stocks won’t exit the bear market until the Federal Reserve’s last interest rate hike, according to Wells Fargo. Investors need to be cautious despite major indices’ recent gains, CIO Darrell Cronk told Bloomberg TV. “This very much looks like a bear market rally… you’ve got to play defense,” Cronk said. Loading Something is loading. It’s… Continue reading It’s time to ‘play defense’ with stocks experiencing a classic bear-market rally, Wells Fargo warns
Rental Construction Up: It Might Get Easier to Find an Apartment
As you’re undoubtedly well aware, residential rents are soaring—bad news for the 34% of us who don’t own our homes. Rental information service Zumper’s National Rent Index hit a record high in July. The median one-bedroom rent totaled $1,450 in the month, up 2% from June and 11.3% a year earlier. The two-bedroom median rent… Continue reading Rental Construction Up: It Might Get Easier to Find an Apartment
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