Billionaire’s recently disclosed stake in a big oil producer doesn’t automatically make it a buy, Real Money Columnist Stephen ‘Sarge’ Guilfoyle argues. Warren Buffett’s Berkshire Hathaway BRK.A BRK.B recently disclosed a big stake in an Read more…
U.S. stocks edged cautiously higher Monday amid the bond market’s latest warning on recession and accelerating bets on Fed rate hikes. U.S. equity futures edged higher Monday, while the Treasury yield curve extended its inversion, Read more…
“We are not worried about our direct exposure to Russia, though we could still lose about $1 billion over time,” CEO Jamie Dimon told shareholders Monday. JPMorgan (JPM) – Get JPMorgan Chase & Co. Report shares Read more…
Eurozone Sentix Investor Confidence dropped from -7.0 to -18.0 in April, much worse than expectation of -9.7. That’s also the lowest level since July 2020. Current Situation index dropped from 7.8 to -5.5, lowest since Read more…
Gold has stabilized around the 1,925 level, which is the 50.0% Fibonacci retracement of the near six-week rally from 1,780 until the 19-month high of 2,070. The rising simple moving averages (SMAs) continue to endorse Read more…
Bitcoin rose 0.6% over the past week, ending it at around $46,400. Ethereum added 8%, while other leading altcoins from the top ten rose in price from 0.1% (XRP) to 30% (Solana). According to CoinMarketCap, Read more…
Financial markets are clinging to positivity on Monday morning after a modest rise on Friday. Robust US labour market data reinforced expectations that the Fed will press the monetary policy brake harder. However, this news Read more…
The energy sector has retreated markedly from its highs in the first days of March but remains a hot topic for markets. Europe’s gas market survived several bouts of fear that it would be without Read more…
The US dollar rose slightly on Monday morning as investors reflected on the strong American jobs data. On Friday, data by the Bureau of Labor Statistics (BLS) showed that the American economy added over 431k Read more…
Elon Musk, who has been ‘seriously considering’ forming his own social media company, now owns a 9.2% stake in Twitter. Twitter (TWTR) – Get Twitter, Inc. Report shares soared higher Monday after billionaire Tesla (TSLA) – Read more…