China’s economic issues are so serious that even the oil market...
Israel launched a ground offensive against Hezbollah targets in southern Lebanon on Tuesday.Despite the Middle East's significant oil production, crude prices were little changed.China's slowing crude demand growth and economic struggles are dampening oil market sentiment. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the…
China’s stimulus isn’t enough for its economic woes. But its stock...
China's aggressive stimulus measures have sparked a significant stock market rally.Many analysts say the measure is not enough to fix the challenges in China's economy.However, the measures aim to boost sentiment and stem the negative feedback loop between markets and the economy. Thanks for signing up! Access your favorite topics in a personalized feed while…
Putin wants to retaliate against Western sanctions with commodity export curbs...
Russian President Vladimir Putin wants to impose his own trade restrictions to retaliate against the West's sanctions.But there's one issue: He still needs to fund the war in Ukraine and profits from oil exports are likely under pressure.On Wednesday, Putin told his government to consider the export of strategic commodities, such as uranium, nickel, and…
Trump’s social media stock is tanking. Here are 2 possible reasons.
Earlier this year, Donald Trump's social media company was worth something like $9 billion.But that was then, and its stock has been sinking since: Now investors think Trump Media & Technology Group Corp — the company that runs Truth Social, Trump's Twitter clone — is worth a mere $4 billion. Today its stock closed at…
How hedge funds are dealing with the global market meltdown
Japan's Nikkei index had its biggest single-day fall since 1987. The VIX, Wall Street's go-to snapshot of market volatility, is at its highest point since the onset of the pandemic. Stocks are falling in Europe and the US.And hedge funds are sifting through the wreckage, with some looking to survive and others planning to pounce.In…
The US is sending less natural gas to Europe, complicating Europe’s...
Europe has pledged to wean itself from Russian natural gas following Moscow's invasion of Ukraine, but it's still buying the fuel.Europe's monthly imports of Russian liquefied natural gas — the supercooled version of natural gas that can be transported on ships — have been holding relatively steady, in the 850,000 to 1.6 million metric ton…
More rich countries worried about the dollar want to buy gold
Emerging economies, like China and its allies, have been hoarding gold to diversify from the US dollar.But they're not the only gold buyers.Even central banks from advanced economies are planning to load up on gold, according to a World Gold Council survey released on Monday.This enthusiasm for the yellow metal comes even though the spot…
It’s all roses and rainbows today in Austin, one Tesla analyst...
At least one analyst is extremely optimistic about how Tesla's shareholders voted.Wedbush Securities analyst Dan Ives called Tesla chief Elon Musk's victory a "pop the champagne moment" for investors in a note on Thursday. Ives predicted the result of the much-hyped vote would remove a $20 to $25 overhang on the EV maker's stock. "If…
The Walmart heirs have added more than $53 billion to their...
The heirs to Walmart founder Sam Walton have added $53.7 billion to their combined wealth this year.Only Nvidia CEO Jensen Huang has seen a larger increase in his net worth on Bloomberg's Billionaire Index.The Walton family fortune surged as Walmart's share price rallied to all-time highs this week. Thanks for signing up! Access your favorite…
US millionaires are having a moment
The number of millionaires in the US went up by about 500,000 last year — more than any other country in the world.America had 7.4 million "high-net-worth individuals" in 2023, up from 6.9 million in 2022, a new report from Capgemini found. The firm's definition of a millionaire describes people with "investable assets" of at…
