Short interest in cannabis stocks has fallen in a sign that investors are placing fewer bets that the sector will weaken, according to fresh numbers this week. But cannabis stocks Read more
Tag: basic materials
U.S. industrial output falls in June for first time this year
The numbers: Industrial production fell 0.2% in June, the Federal Reserve reported Friday. This is the first decline of the year. Wall Street economists had expected a 0.1% gain in Read more
A ‘who’s who of American business’ — big Wall Street names are marking the end phase of the bear market, says adviser
The good news about this bear market in stocks is that we’re more than halfway through it. The bad news is that we’re getting close to the final stage, when Read more
New York Empire State July factory activity gauge improves, but manufacturers mood darkens
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, rose 12.3 points to 11.1 in July, the regional Fed bank Read more
New York Empire State July factory activity gauge improves, but mood darkens
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, rose 12.3 points to 11.1 in July, the regional Fed bank Read more
Gold falls to weakest level in a year as yellow metal heads for 5th straight weekly drop
Gold slipped to its weakest level in nearly a year on Friday despite a pullback in the U.S. dollar and Treasury yields as the precious metal heads for its fifth Read more
Here’s the sector most at risk from Russia permanently shutting off gas to Germany — and it’s taking a tumble
There are few companies with more at stake from Russian natural-gas flows into Germany than the chemicals sector. Shares of chemicals companies including BASF XE:BAS, Lanxess XE:LXS and Covestro XE:1COV Read more
Rio Tinto says 2Q iron-ore exports up, but cautions on economic outlook
Rio Tinto PLC on Friday sounded a cautious note on the global economic outlook, even as it reported a lift in shipments of its flagship product iron ore, the main Read more
Gold prices slide as U.S. dollar soars
Gold prices slumped on Thursday, reversing a gain from the prior session, as the shiny metal headed toward fresh nine-month lows. Silver and platinum hit fresh 2-year lows as strong Read more
These 7 beaten-down value stocks are a buy
If you consider yourself to be a contrarian long-term investor, keeping things simple might be the best bet in this bear market for stocks. The benchmark S&P 500 Index SPX Read more