Global shares plunge and oil surges to almost $140 a barrel, as US and Europe consider a ban on Russian energy exports

Global shares fell Monday, with heavy losses in Europe in light of a possible Western ban on Russian oil. Crude surged to almost $140 a barrel overnight, as other key Russian exports like nickel and palladium also jumped. “It’s hard to see much in the way of significant upside for stock markets now against a… Continue reading Global shares plunge and oil surges to almost $140 a barrel, as US and Europe consider a ban on Russian energy exports

Oil surges 10% to $130 a barrel on intensifying fears of a supply crunch

Crude oil prices jumped by as much as 18% on Monday to almost $140 a barrel. Secretary of State Antony Blinken told NBC the US was discussing a ban on Russian oil with Europe. US gas prices at the pump jumped 11% on-week to around $4 a gallon — the highest level since 2008. Loading… Continue reading Oil surges 10% to $130 a barrel on intensifying fears of a supply crunch

Warren Buffett thinks this investment will be his firm’s key asset in 100 years, while Cathie Wood calls it a ‘bad idea’

Warren Buffett and Cathie Wood are polar opposites when it comes to their investment styles.A sector the two investors can’t agree on is railroads, with Ark naming the sector among its list of “bad ideas.””I’ll venture a rare prediction: BNSF [Railway] will be a key asset for Berkshire and our country a century from now,”… Continue reading Warren Buffett thinks this investment will be his firm’s key asset in 100 years, while Cathie Wood calls it a ‘bad idea’

Russia’s central bank is scrambling to prop up the country’s economy. Here’s everything it’s done to stave off sanctions and what it could do next.

Russia’s central bank has doubled interest rates, limited foreigners from moving money, and made other moves in response to Western sanctions.  Russia’s economy is in turmoil and the ruble is worth less than a penny.  Two experts explained what Russia’s central bank could do next.  Loading Something is loading. Western sanctions are battering the Russian… Continue reading Russia’s central bank is scrambling to prop up the country’s economy. Here’s everything it’s done to stave off sanctions and what it could do next.

Russia’s invasion of Ukraine aggravated already-soaring lumber prices, and they’re about to start seeing even bigger swings

Russia’s attack on Ukraine aggravated already surging lumber prices. Futures are now just 15% below the record high of $1,711 per thousand board feet reached last May. Lumber prices have been volatile this year and could get even wilder with expanded trading limits. Loading Something is loading. Lumber prices are continuing to surge amid Russia’s… Continue reading Russia’s invasion of Ukraine aggravated already-soaring lumber prices, and they’re about to start seeing even bigger swings

Commodity prices look set to keep soaring on Russia’s invasion of Ukraine, with a ‘long-building train wreck’ in the natural gas market

Prices for oil, wheat and other commodities soared over the past week as Russia continued its invasion of Ukraine.  Prices are surging as Russia is a top supplier of natural resources, including oil and coal.  Oil prices have leapt toward $120 a barrel in an already hot inflationary environment.  Loading Something is loading. Russia’s standing… Continue reading Commodity prices look set to keep soaring on Russia’s invasion of Ukraine, with a ‘long-building train wreck’ in the natural gas market

Warren Buffett says nuclear weapons pose the ultimate threat to humanity. Here are his 7 gravest warnings about them.

Warren Buffett has been sounding the alarm on nuclear weapons for decades. The billionaire investor views a nuclear attack as the ultimate threat to humankind. Buffett has committed time and money to reducing the risk of a catastrophic attack. Loading Something is loading. Warren Buffett has repeatedly underlined the catastrophic threat posed by nuclear weapons,… Continue reading Warren Buffett says nuclear weapons pose the ultimate threat to humanity. Here are his 7 gravest warnings about them.

7 investing legends including Bill Miller and John Rogers reveal 22 favorite stock picks and what they’re doing with their money as inflation hits a 40-year high

Leading value investors with decades of experience participated in a recent Ariel Investments panel. Fund managers including John Rogers and Bill Miller gave their views on inflation and tech stocks. Panelists also discussed the effects the war in Ukraine could have on markets.  For years, value investors have been predicting a turn toward cheaper stocks… Continue reading 7 investing legends including Bill Miller and John Rogers reveal 22 favorite stock picks and what they’re doing with their money as inflation hits a 40-year high