Why Oil Is Having Its Worst Day in a Week
April 20 -- Tethys Partners Chief Market Strategist Bob Iaccino discusses the oil markets on “Futures In Focus” on “In The Loop.”
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Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
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Super Micro Computer's lack of a preliminary earnings report led to a bloodbath in the sector.
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Two more property insurance companies are pulling out of California, leaving more homeowners in the state facing loss of coverage and surging premiums as insurers flee.
Fox Business•Super Micro Stock Plunges 23% On Lack Of Preliminary Results. It's A Big Sell Signal.
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Investor's Business Daily•Why Super Micro Computer Stock Just Crashed 17%
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Motley Fool•Hungarian Group Inaugurates Green Hydrogen Production Project
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Investor's Business Daily•Trump Media CEO Decries Naked Short Selling; Citadel Fires Back, Stock Rises
Shares of Truth Social's parent rose in another volatile session, extending a roller-coaster stretch of trading for Donald Trump's social-media startup. On Thursday, Trump Media Chief Executive Devin Nunes sent a letter to Nasdaq CEO Adena Friedman asking her to help prevent illegal naked short selling and to make sure trading firms disclose their short positions.
The Wall Street Journal•Fed says 1,804 banks and other institutions tapped emergency lending facility
About 95% of the borrowers, which included banks, credit unions, savings associations, and branches and agencies of foreign banks, had less than $10 billion in assets, the U.S. central bank said in its semi-annual Financial Stability Report. The Bank Term Funding Program, as it was called, was aimed at addressing a liquidity crunch after a run on deposits led to the failures of SVB and Signature Bank and forced financial authorities to stage a rescue of the sector.
Reuters•