(Bloomberg) — Last Monday, Sea Ltd. employees were starting their week when an email from Chief Executive Officer Forrest Li arrived. In the 900-word memo, the billionaire adopted a contrite tone, addressing head-on a $150 billion plunge in his company’s value since late 2021. “This drop is painful, and you might be feeling frustrated, disheartened, […]
Read More(Bloomberg) — The relentless selloff in Chinese technology stocks continued in Hong Kong on Monday as a lockdown in Shenzhen, a key sector hub, added to investor angst over geopolitical and regulatory risks. The Hang Seng Tech Index slumped as much as 6.5% in early trade, with the sector again at the forefront of losses […]
Read More(Bloomberg) — Treasuries fell Monday to extend this month’s rout in global developed-market bonds as investors anticipate the inflationary impacts of the war in Ukraine will spur aggressive monetary tightening. Five-year yields rose six basis points to surpass 2% for the first time since May 2019, while 10-year yields climbed four basis points to 2.04%. […]
Read More(Bloomberg) — Asian stocks and U.S. equity futures climbed Monday, while Treasures fell, as traders weighed inflation risks from commodity-supply disruptions and braced for the Federal Reserve to hike interest rates this week. Japanese shares rose along with S&P 500, Nasdaq 100 and European contracts, providing some respite from selloffs spurred by Russia’s invasion of […]
Read MoreThis oil stock owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily holds mineral and royalty interests in the Delaware and Midland Basins in West Texas and New Mexico; the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties plays in […]
Read MoreClick the symbol for the chart and signal BlueLinx Holdings Inc. (BXC) BlueLinx Holdings Inc., together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, siding, metal, and insulation products; KBR, Inc. (KBR) KBR, Inc. provides scientific, technology, and […]
Read MoreThe global oil market was tight even before the Russian invasion of Ukraine, but Putin’s war and its consequences on Russian crude supply and energy prices have the potential to hurl the market into a major supply shock comparable with the 1973 Arab oil embargo. Oil stocks in major oil-consuming developed economies, including in the […]
Read More(Bloomberg) — With famed open-outcry trading pits long since closed in Chicago and Kansas City, most of the shouting during wheat’s great blowup of 2022 came on social media or in the private confines of a home office. James Neville, who’s been trading wheat and corn for 38 years, now prefers working from home in […]
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