(Bloomberg) –Unfazed by the stock market’s bumpy start to the year, strategists from Goldman Sachs Group Inc. to UBS Global Wealth Management reiterated their bullish calls on bets that equities can weather higher interest rates and rising bond yields. “The selloff in some long duration high quality names might be overdone soon,” Goldman strategists led […]
Read More(Bloomberg) — The world’s second-biggest gold miner is confident prices will hold firm this year, if not rise, as investors use the metal rather than cryptocurrencies to hedge against inflation and jewelry demand picks up. “The risk is on the upside,” Barrick Gold Corp. Chief Executive Officer Mark Bristow said in an interview in Riyadh, […]
Read MoreThe president of the Kansas City Federal Reserve said the central bank should move soon to reduce its enormous $8.5 trillion pile of bond holdings to help curb the highest U.S. inflation in almost 40 years. Esther George on Tuesday said the Fed’s effort to reduce inflation would be more effective if the bank drew […]
Read More(Bloomberg) — Ken Griffin has for years been one of the wealthiest people on the planet thanks to his hedge fund’s success. Now it’s his powerhouse market maker that’s driving the bulk of his fortune to new heights. The billionaire sold a $1.15 billion stake in Chicago-based Citadel Securities to Sequoia Capital and Paradigm, valuing […]
Read MoreJuniper Networks, Inc. (JNPR) Juniper Networks, Inc. designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; and NorthStar controllers. BK Technologies Corporation (BKTI) […]
Read MoreSM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. SM $34.8200 0.5300 % 1.5500 Sm Energy Company Sector : Oils-Energy Industry : Signal Short Term Trend Long Term Trend BUY UP UP Day: 1.55% Wk: 0.44% […]
Read MoreMoving into a new year includes things like New Year’s resolutions, plans for vacations or weekend getaways, and if you live in a cold-weather area of the U.S. as I do, a little bit of longing for warmer climes where you can sit in the sun with family and friends, put some meat on the […]
Read MoreCalumet Specialty Products Partners, L.P. (CLMT) Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. Its Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products that are used primarily as raw material components for basic industrial, consumer, and automotive […]
Read MoreBuy Price: $16.50 or better Sell Price: TradersPro Sell Signal Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its […]
Read MoreUS President Joe Biden President Biden’s inflation woes have worsened as prices rose at the fastest pace for 40 years last month, increasing expectations of interest rate rises as soon as March. The Democrat is faced with an inflation rate of 7pc, the highest since June 1982, when Ronald Reagan was president, sapping his approval […]
Read MoreIf you’ve paid attention to politics in the past 10 years, you’ve likely heard a good deal of rhetoric about “the 1%” — those whose annual income puts them in the top 1% of earners. You’d be forgiven, though, for not actually understanding how much money it takes to be in that 1%. Plus, money […]
Read MoreIt’s often called a “penalty for being poor” — and it’s being phased out. Bank of America BAC, said Tuesday morning it plans to end its $35 “non-sufficient funds” fees next month, and will drop overdraft fees to $10 from $35, starting in May. Non-sufficient fund fees occur when a payment bounces. Overdraft fees occur […]
Read MoreFor decades, the nuclear energy sector has been regarded as the black sheep of the alternative energy market family thanks to massive cost-overruns, poor public perception as well as a series of high-profile disasters such as Chernobyl, Fukushima and Three Miles Island. However, last year, the sector received a much-needed shot in the arm after […]
Read MoreWith consumer prices rising at the fastest pace in nearly 40 years, the Federal Reserve is signaling that it will soon begin raising interest rates. But the most important question hasn’t even been asked: Would higher rates do anything to quell inflation? Breaking news: Powell paints the picture of a soft landing, says Fed can […]
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