Text size A Diamondback Energy oil rig in Midland, Texas. Callaghan O’Hare/Bloomberg With oil prices rising and falling dramatically, it can be hard to get a handle on oil stocks. One strategy: ...
Tag: financial market news
Tesla Stock, Nvidia Were Sold by Retail Traders. Here’s What They Bought.
Text size (Photo by CHRIS DELMAS/AFP via Getty Images) AFP via Getty Images Retail traders were taking a cautious approach by selling stocks like Tesla and Nvidia as the markets gained for a third con...
Tesla CEO Elon Musk Is Working On Master Plan 3. Investors Are Excited.
Text size Elon Musk. Jim Watson/AFP via Getty Images A Thursday tweet from Tesla CEO Elon Musk seems to be helping the stock. All it says is “working on Master Plan Part 3,” but people who follow the ...
Nvidia Stock Needs a Catalyst. It Could Get One Next Week.
Text size After rocketing higher in 2021, Nvidia shares have been under pressure in 2022. Remus Rigo/Dreamstime.com Like much of the rest of the stock market, to say nothing of the beaten-down tech se...
Fed’s Powell sees the light — and turns far more hawkish than expected
After remaining stubbornly dovish last year, Federal Reserve Chairman Jerome Powell on Wednesday jumped the central bank squarely into the hawkish camp at his press conference on Wednesday. “The March...
Unless OPEC increases output, oil market will fall into deficit after Russian invasion, IEA says
Russia’s invasion of Ukraine and sanctions on its oil exports threaten a supply shock that will weigh on the global economy and push the oil market into a deficit unless major producers increase outpu...
Investors have been scared out of this group of stocks, says fund manager, who offers five ideas for the rebound to come.
China has been talking up its markets, and that’s lifting all boats this morning, with Wall Street off to a strong start ahead of what’s expected to be the first Fed rate hike in more than three years...
Gold at $10,000? Death of the 40-year bull market in bonds? What’s next for the global financial system after Russia’s central bank gets cancelled
The shockwaves are still being felt by the incredible Western sanctions that have rendered the $630 billion in reserves the Russian central bank accumulated virtually unusable. Can the current dollar-...
The Fed got inflation badly wrong — and now it admits there’s no quick fix
Higher prices of gas, groceries, new cars and mortgage rates got you down? Americans may have to get used to it. The rate of inflation might not return to pre-pandemic levels of less than 2% for at le...
Remember the stock market before the war in Ukraine? JP Morgan says negativity is overblown, offers 4 hedges
“Markets appear to have been trafficking in an odd mix of hope, fear and uncertainty.” That was Mizuho Bank, summing up the state of play for markets since Russia’s invasion of Ukraine nearly three we...
Retail Investors Are Dropping Out of the Stock Market
Text size Robinhood’s app is a popular tool for retail traders. Dreamstime There was a time—during the pandemic era—when retail investors were participating in the stock market, even driving its...
Dow futures climb nearly 400 points, with Fed interest-rate hike in the spotlight
U.S. stock futures on Wednesday pointed to an extension of the previous session’s rally, as traders wait for the Federal Reserve’s monetary policy decision and react to China’s statement of support fo...
Stock Market Today: Dow Rises, Fed Decision Ahead, Alibaba and JD.com Soar
Text size Fed Chair Jerome Powell will host a press conference at 2:30 p.m. Eastern. Graeme Jennings / POOL/AFP via Getty Images Stocks were moving higher Wednesday as markets readied for a long-await...
Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales
Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global pet...
Oil suffers ‘spectacular’ collapse, falls into bear market territory just 5 days after settling at nearly 14-year highs
U.S. and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad R...
Portfolio manager with 50 years of experience shares 1970s bear-market lesson, and three stocks to buy now
A previous version of this column gave the incorrect date for the Fed policy decision. The story has been corrected. Investors looking at their screens this morning might feel a bit of relief, with oi...
What a Russia debt default would mean for financial markets as Ukraine invasion continues
The threat of a Russian default on sovereign debt is seen near, but investors so far aren’t panicking over any potential hit to global financial markets. “While a default would be symbolic, it seems u...
Fed to hike interest rates Wednesday, undeterred by lack of visibility on Russia-Ukraine war’s impact
On Saturday, a strong late winter storm caused havoc on the East Coast, particularly in Pennsylvania, with drivers experiencing severely reduced visibility as winds blew snow across the roads. Speed l...
Tesla’s Elon Musk Says He’s Not Selling His Crypto Holdings. Bitcoin Is Up.
Text size Bitcoin Dreamstime Dogecoin, Bitcoin and Ether briefly spiked on Monday after Tesla (ticker: TSLA) CEO Elon Musk tweeted that he still owns the cryptocurrencies and won’t sell. Dogecoin (D...
Hang Seng slumps 3% over COVID lockdown worries, oil falls as Russian attacks in Ukraine intensify
BANGKOK (AP) — Stocks were mixed in Asia and oil prices fell Monday as uncertainty over the war in Ukraine and persistently high inflation kept investors guessing about what lies ahead. Tokyo and Sydn...
Russia’s stock market to remain closed for another week
Russia’s stock market will remain closed this coming week, March 14-18, the country’s central bank said Saturday. However, the central bank said the foreign exchange market, money market and repo mark...
The world’s largest asset manager and a big bond fund are reported to be early losers from the war in Ukraine
As Wall Street assesses the damage to balance sheets resulting from Russia’s invasion of Ukraine, the world’s largest asset manager and a big bond fund are reported to be early losers. BlackRock BLK, ...
Opinion: Top investors dump stocks — why that might mean you should buy
Well, here’s some cheerful news for all of us with a retirement portfolio: The geniuses running the world’s biggest investment funds have panicked and have bailed out of the market. If that’s not a go...