Category Archives for News

Oil could rise $10 per barrel after drone attack forces Saudi to cut output in half

Oil prices

Oil prices could jump as much as $10 per barrel after a number of drone strikes hit the center of Saudi Arabia’s oil industry, forcing the kingdom to cut its oil output in half.Ten drones attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday, causing a loss of 5.7 […]

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The stock market is poised to set a new record if the Federal Reserve delivers

Federal Reserve

The Federal Reserve is expected to cut interest rates by a quarter point on Wednesday, but what it says about its future plans will determine whether stocks continue their run at record highs. Tensions around this month’s rates meeting decision are high. Fed Chairman Jerome Powell faces dissent from within the Fed board from some members […]

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Trump unleashes selling tsunami in this hot area of the stock market

trade war

President Donald Trump’s more measured tone on the trade war with China so far in September has unleashed a massive wave of selling in momentum stocks.In other words, momentum names have no momentum because investors finally found some untapped value in value. Get it? It’s not really that complicated.JPMorgan strategist Dubravko Lakos-Bujas points out that […]

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A crazy last 24 hours has put the market inches away from a record: Here’s what happened

record highs

Several market moving events unfolded between the close of U.S. stock markets on Wednesday and the open on Thursday. As a result, the Dow Jones Industrial Average and the S&P 500 both came close to record highs on Thursday.Here’s what investors need to know.Delayed tariffsStock futures climbed Wednesday evening after President Donald Trump announced he […]

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Why this overlooked ‘black swan’ poses a ‘monstrous’ risk to the stock market

Stock Market

The stock market’s been looking fairly strong lately, with the Dow Jones Industrial Average  rallying for the sixth session in a row. But with each uptick, and each unsettling headline, there seems to be an increasing call for caution. TD Ameritrade’s Oliver Renick just joined the chorus. “What’s disconcerting is that it’s remarkably easy to imagine a […]

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Trump delays tariff hikes by two weeks in ‘good will’ gesture to China

tariffs

President Donald Trump on Wednesday tweeted that he will delay increasing tariffs on $250 billion worth of Chinese goods from Oct. 1 to Oct. 15 as a “gesture of good will” to China.Donald J. Trump✔@realDonaldTrump · 3hAt the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of […]

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Tesla Might Have Bad News for Bears and Rivals

investors

On September 9, Bloomberg reported that Tesla  had filed a permit called “GA5 demo and rough grading,” where “GA” stands for “general assembly.” Bloomberg said that the permit filing suggests the company could be planning to add another assembly line at its Fremont facility. Currently, Tesla only has one assembly line at Fremont. In the […]

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Dow notches fifth straight gain as investors eye potential change in leadership

Rally

U.S. stocks closed at session highs Tuesday as a rally in energy, industrials and materials stocks overshadowed a selloff in momentum-driven technology shares, helping the Dow extend its win streak to five sessions and the S&P 500 index avoid consecutive declines after trading in the red for most of the session. Apple Inc. was in the […]

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Why PayPal Holdings, Okta, and PaySign Slumped Today

major stock market indexes

Monday was an up-and-down day on Wall Street, as major stock market indexes found themselves on either side of the unchanged line before closing on mixed notes. Investors appear to be waiting to see what steps the Federal Reserve will take with interest rates in the next couple of months, and they’d also prefer more […]

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Dow Ekes Out Fourth Day of Gains and 10-year Treasury Yield Jumps

dow

The Dow clung to gains and logged a fourth up day in a row Monday, even as the stock market ran out of steam between the opening and closing bell. The broadly positive sentiment from late last week initially carried over into the new week in early trading, but stocks soon gave up their gains. All […]

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