Over the long haul, stock prices are pushed higher by steady increases in estimates for companies’ sales and earnings. But this process has been reversed recently for many sectors and Read more
Tag: basic materials
Gold falls to lowest in more than 2 years as dollar, yields soar
Gold futures on Friday fell back to a level last seen in April 2020, under pressure as the U.S. dollar soared versus major rivals and bond yields jumped amid fears Read more
Senators drill down on Zelle reimbursements, inflation and ‘uber-woke’ policies in bank CEO hearing
Democratic senators criticized banks for not serving consumers fairly while Republicans complained about liberal social agendas promoted by the same institutions, as chief executive officers of the country’s seven largest Read more
Growling Powell causes Goldman to cut its S&P 500 price target. Again.
During the height of the bull market – which, boy, seems so long ago – the call-option crazy punters inhabiting the Wallstreetbets channel had a favorite meme to explain why Read more
Norsk Hydro to initiate share buyback program
Norwegian energy and aluminum company Norsk Hydro ASA said Friday it has decided to initiate a share buyback program that will see up to 100 million shares purchased for a Read more
Tesla, Take-Two and Exxon are among the exceptions to this big problem for stock prices
Over the long haul, stock prices are pushed higher by steady increases in estimates for companies’ sales and earnings. But this process has been reversed recently for many sectors and Read more
Health official says updated COVID-19 boosters likely to be available in weeks for elementary school-age children
A Food and Drug Administration official said this week that updated COVID-19 boosters for 5- to 11-year-olds will be authorized in the coming weeks, according to ABC News. The new Read more
Health official says updated COVID-19 boosters likely to be available in weeks for elementary school-age children
A Food and Drug Administration official said this week that updated COVID-19 boosters for 5- to 11-year-olds will be authorized in the coming weeks, according to ABC News. The new Read more
Gold flat as dollar climbs to highest level in more than 20 years
Gold prices were flat in early trading on Thursday after the Federal Reserve’s third 75 basis-point interest-rate hike in a row helped boost the dollar and Treasury yields, causing the Read more
Gold attempts bounce off April 2020 low as Russia steps up Ukraine war
Gold found a modicum of haven-related buying interest Wednesday after Russian President Vladimir Putin ordered reservists to mobilize and made remarks seen as a threat to use nuclear weapons as Read more