U.S. markets closed

  • S&P 500

    4,228.48
    -55.26 (-1.29%)
     

  • Dow 30

    33,706.74
    -292.30 (-0.86%)
     

  • Nasdaq

    12,705.21
    -260.13 (-2.01%)
     

  • Russell 2000

    1,957.35
    -43.38 (-2.17%)
     

  • Crude Oil

    89.91
    -0.59 (-0.65%)
     

  • Gold

    1,760.30
    -10.90 (-0.62%)
     

  • Silver

    18.97
    -0.50 (-2.56%)
     

  • EUR/USD

    1.0039
    -0.0053 (-0.52%)
     

  • 10-Yr Bond

    2.9890
    +0.1090 (+3.78%)
     

  • GBP/USD

    1.1823
    -0.0109 (-0.92%)
     

  • USD/JPY

    136.9300
    +1.0680 (+0.79%)
     

  • BTC-USD

    21,191.22
    -1,627.54 (-7.13%)
     

  • CMC Crypto 200

    504.88
    -36.72 (-6.78%)
     

  • FTSE 100

    7,550.37
    +8.52 (+0.11%)
     

  • Nikkei 225

    28,930.33
    -11.81 (-0.04%)
     

Balancing Supply and Demand

Jeffrey Currie, global head of commodities research at Goldman Sachs, discusses how to solve oil’s supply and demand imbalance.

Recommended Stories

  • Crypto prices slide as FDIC issues cease and desist letters to crypto companies

    Markets correspondent Jared Blikre takes a look at the declining pricing for cryptocurrencies bitcoin and ethereum as the FDIC issue letters to five crypto companies.

  • Stocks moving in after hours: Bed Bath & Beyond, Apple, Tesla, Walmart, Target

    Yahoo Finance Live co-anchor Seana Smith looks at several trending stocks moving in after-hours trading.

  • This investor made $110 million from trading Bed Bath & Beyond — and he’s a 20-year-old student

    A 20-year-old USC student has made a $110 million profit from trading meme stock favorite Bed Bath & Beyond, following a frenzy in Wednesday’s trading session.

  • Here’s Why Warren Buffett Loves Oil Giant Occidental Petroleum

    (Bloomberg) -- Famed investor Warren Buffett is steadily snowballing a stake in Occidental Petroleum Corp. in what could end up being his biggest-ever acquisition. His Berkshire Hathaway Inc. on Friday won approval to buy as much as 50% of the shares. Some investors believe it’s a step toward a full takeover, which may end up costing more than $50 billion. Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeMueller Memo Advising Barr on Trump Findings Is Ordered ReleasedStocks Sl

  • Why GigaCloud Stock Soared Higher on Friday

    The stock rose as much as 272% but is up about 175% as of 1:25 p.m. ET. The tech stock's gain came on the day of its initial public offering (IPO). Given the way the stock is soaring, the market apparently thinks the IPO was underpriced.

  • China sentences tycoon Xiao Jianhua to 13 years, fines his company $8.1 billion

    BEIJING (Reuters) -A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China. Xiao and Tomorrow Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted property, and the illegal use of funds and bribery, the Shanghai First Intermediate Court said. China-born Xiao, known to have links to China's Communist Party elite, was last seen whisked away in a wheelchair from a luxury Hong Kong hotel in the early hours with his head covered, a source close to the tycoon told Reuters at the time.

  • How a 20-year-old USC student netted $110m from a Bed Bath & Beyond stock dump at exactly the right time

    Jake Freeman cashed out his 6% stake in the meme stock after it exploded on Tuesday.

  • GM stock is about to dust Tesla stock, analyst says

    Back up the EV on shares of General Motors, says this one analyst.

  • Here are the signs that the bear-market rally in stocks won’t last long – Citi

    Strategists at Citi Research say the current bear-market rally is in line with the length of an average bear-market bounce, and sentiments improved as much as it typically does. These signs suggest a possible end soon.

  • Massive Short Squeeze Behind Stock Rally Showing Signs of Ending

    (Bloomberg) -- One big force at the center of the two-month equity rally is showing signs of fatigue. Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeMueller Memo Advising Barr on Trump Findings Is Ordered ReleasedStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesIt’s the behavior of short sellers, whose frantic efforts to unwind bearish

  • Why StoneCo Stock Fell Hard Today

    Shares of StoneCo (NASDAQ: STNE), a cloud-based technology platform, plummeted Friday morning after the company reported its second-quarter results, which disappointed investors, and announced yet another shift to its management team. The company reported non-GAAP (adjusted) earnings of 0.25 Brazilian reals (equivalent to $0.05), which was an increase from a loss of 0.48 reals in the year-ago quarter, but was below Wall Street's consensus estimate of about 0.57 reals, or $0.11 per share. StoneCo's revenue in the quarter was 2.3 billion reals (about $442 million), 5% higher than the company's guidance, and up 275% from the year-ago quarter.

  • Want to Get Richer? 2 Best Stocks to Buy Now and Hold Forever

    For investors looking to maximize their wealth by the time they retire, the following pair of beaten-down businesses that possess strong growth capabilities are a worthwhile place to start. Freelance marketplace operator Fiverr (NYSE: FVRR) was a pandemic-lockdown superstar. Although Fiverr's stock price is down 65% in 2022 and off 82% from its all-time high, the freelance shop is still growing, albeit at a slower rate as SMBs became more cautious due to rampant inflation and rising energy costs and interest rates.

  • I’m 65 and want to retire in 6 months. I have a $125K annuity, plus $100K of money that I’m not sure what to do with. Should I get professional help?

    Question: I had $225,000 in my 401(k) and then I rolled over $125,000 to an annuity at 7%, as I wanted income. Should I hire a financial adviser to help? Answer: Congrats on your impending retirement — and know that it’s totally normal to feel like now may be the time to hire a financial adviser.

  • Cohen Makes Millions on Bed Bath & Beyond as Meme Traders Recoil

    (Bloomberg) -- Billionaire Ryan Cohen pocketed a $68.1 million profit from the sale of his stake in Bed Bath & Beyond Inc., scoring a 56% gain on an investment he held for roughly seven months.Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeMueller Memo Advising Barr on Trump Findings Is Ordered ReleasedStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysApple Targets Sept. 7 for iPhone 14 Launch in Flurry

  • Seller beware: US homebuyers are still backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate

    Home sale cancellations soared in July. But why?

  • Why I Bought the Stock of This Hated Company

    It's no wonder Altria's (NYSE: MO) stock has lost more than a fifth of its value in just a couple of months. Marketing partner Philip Morris International (NYSE: PM) is getting cold feet on working with Altria to sell its IQOS heated tobacco device while also just acquiring the leading competitor to Altria's own smokeless tobacco products. At the same time, the federal government all but obliterated Altria's $13 billion investment in Juul Labs, the one-time electronic-cigarette leader.

  • 12 Best Materials Stocks to Buy Now

    In this article, we will look at the 12 best materials stocks to buy now. If you want to explore similar stocks, you can also take a look at 5 Best Materials Stocks to Buy Now. Inflation, rising interest rates, and supply chain difficulties are the usual suspects that have an impact on the performance […]

  • Covid Stocks Pfizer, Moderna, Novavax Face Their Next Challenge, And It's Worth Billions

    The Biden administration is planning to stop paying for Covid vaccines and treatments, a move that could buoy some Covid stocks.

  • Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

    The past few weeks have been refreshing for Cathie Wood and fans of her style of growth stock investing. The CEO and co-founder of Ark Invest publishes the buys and sells of her firm's exchange-traded funds (ETFs) every market day, giving the public insight into her latest allocation strategies.

  • Energy stocks: Is there room for more upside? Experts weigh in

    It’s been a good year for energy stocks. The S&P 500’s XLE is up nearly 40% since the beginning of January — by far outperforming the broader market.