Yahoo Finance Plus David Nelson, Belpointe Chief Strategist, joined Yahoo Finance discuss cyber attack shuts down U.S. fuel pipeline.
With rates staying in a hot zone, over 14 million homeowners can benefit from a refi.
(Bloomberg) -- Saudi Arabia’s equities index extended a winning streak to five sessions Sunday, following another positive week for crude prices.The Tadawul All Share Index climbed 0.9%, with gauges in Bahrain, Oman, Kuwait, Qatar and Israel also rising. The index in Dubai finished little changed while Abu Dhabi’s slipped 0.2% and Egypt’s EGX 30 declined 0.9%.Oil, the main export for Gulf countries, posted its third straight weekly rise on improving demand, with the International Energy Agency w
(Bloomberg) -- Kanzhun Ltd., the owner of Chinese online recruitment platform Boss Zhipin, rose 96% in its trading debut after raising $912 million in a U.S. initial public offering.The first-day gain was the eighth biggest of the year on a U.S. exchange, out of more than 450 listings of $100 million or more, according to data compiled by Bloomberg.Beijing-based Kanzhun’s IPO comes after several other Chinese firms had put plans for U.S. listings on hold. IPO filings by 32 other companies based
Stocks were higher as investors looked beyond a hotter-than-expected report on inflation.
(Bloomberg) -- Abu Dhabi sovereign fund ADQ is in talks to invest about $500 million in India’s Flipkart, according to people familiar with the matter, as the Walmart Inc.-backed e-commerce firm raises funds ahead of a potential initial public offering next year.The oil-rich emirate’s newest state investment company is discussing an injection of funds that would value Flipkart between $35 billion and $40 billion, the people said, asking not to be identified as the information is private. The fun
(Bloomberg) -- Trying to keep up with the frenzied rise of so-called meme stocks might feel a bit like playing a game of whack-a-mole, bewildering analysts and investors alike.While there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit icon GameStop Corp. jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record
(Bloomberg) -- Plans for the biggest corporate spending boom in more than a decade could be the next driver for stock markets trading at record highs.Last year’s prudence among companies is giving way to jubilant investment across a swath of industries, driven by economic reopenings, low interest rates and government support. Such a signal of confidence in the future is making the likes of JPMorgan Chase & Co., State Street Global Markets and Invesco Ltd. optimistic that equity investors can rea
Mortgage rates fall back ahead of this week’s FED policy decision in spite of inflation fears. Weaker NFP numbers may have eased pressure on the FED to make any immediate moves…
(Bloomberg) -- Saudi Arabia’s $430 billion sovereign wealth fund made three senior hires, including Goldman Sachs Group Inc.’s head of investment banking in the kingdom, as it expands deal-making.Goldman banker Eyas AlDossari will head investment advisory within the MENA Investments Division of the fund, according to a statement. Omar AlMadhi, who previously worked with Saudi Aramco and Volkswagen AG, will join him at the division as co-head of direct investments.The fund also appointed Abdullah
Nvidia Corporation (NASDAQ:NVDA) has been among an elite class of high-flying tech stocks. Over the past five years, NVDA stock has delivered a return of over 1,400%. Source: JHVEPhoto / Shutterstock.com So far in 2021 – a year that has not been kind to many other tech stocks – NVDA is up 32%. Its business is red-hot, with gaming, data centers, AI and crypto currency mining all driving revenue growth. That performance has meant that shares are expensive. The company wants to make those shares (n
The stock market faced its inflation fears this past week, and it came away better for it. But investors better make sure they don’t get too complacent.
I like cruising. In fact, I especially like the Celebrity line from Royal Caribbean (NYSE:RCL). But I would no more buy RCL stock than I would Gamestop (NYSE:GME). The numbers just don’t make sense. Source: ImagineStock / Shutterstock.com Royal Caribbean opened for trade on Jun. 11 near $89 per share. That’s a market capitalization of nearly $23 billion. Since the start of 2021, shares are up almost 21%. That’s also nicely above the S&P 500’s average gain of nearly 13%. However, promising moment
You could receive up to $300 per month for each of your kids through the end of the year.
(Bloomberg) -- Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.Prices in Chicago fell 18% this week, the biggest decline for most-active futures in records going back to 1986. Lumber has has now dropped almost 40% from the record high reached on May 10.Sawmills appear to be catching up with the rampant homebuilding demand in North America that fueled a months-long rally, br
"Jeff Bezos’s trip to outer space is being financed by all the rest of the U.S. taxpayers who paid their taxes so that Jeff Bezos didn’t have to," Warren says.
With environmental and sustainability concerns coming into focus this past year, electric vehicle stocks have seen some strong momentum. The shift from gasoline to battery-powered cars is now a fast-growing trend in the auto sector. Because of that, traditional automakers are moving aggressively towards electrification while fresh-on-the-scene electric vehicle (EV) companies work on innovative new technologies. So, EVs have received widespread support. Still, they continue to have their challeng
There’s been lots of public debate in recent months about Dogecoin (CCC:DOGE-USD). Is Dogecoin a currency or a security? Is it a good investment or a bad investment? Does Dogecoin seriously compete with Bitcoin (CCC:BTC-USD), or is it just a social media meme? Source: Orpheus FX / Shutterstock.com Today, I’d like to take a look at another important question. Is Dogecoin little more than a classic pyramid scheme? What Is a Pyramid Scheme? I’ll start out by defining a pyramid scheme and discussing
(Bloomberg) -- After weeks of profiting from the stock and debt of AMC Entertainment Holdings Inc., hedge fund Mudrick Capital Management ended up with a 5.4% loss after a derivatives bet went haywire.The fund, which specializes in distressed debt, suffered the losses on AMC after day traders pushed the movie theater’s shares up as much as 127% on a single day, derailing call options Mudrick had sold on AMC shares to hedge exposure to the company, according to a person with knowledge of the matt
It's important to take these specific financial steps during the last year before you retire to set up the worry-free retirement you deserve.
The curtains have come down this week for bulls in many of the market’s most popular marquee shorts. But on Wall Street and where the show must always go on, the following oversold, most-shorted stocks price charts look ready to be tapped for roles as best supporting tickers to rally. AMC (NYSE:AMC). GameStop (NYSE:GME). Bed Bath & Beyond (NASDAQ:BBBY). The well-known brands and heavily-shorted stocks were in the spotlight for the Reddit crowd the past couple weeks with sequel-like price spikes
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