The numbers: The ISM barometer of American factories fell 3.1 points to a two-year low of 53% in June in another sign the U.S. economy is slowing. High inflation is still Read more
Tag: C&E Exclusion Filter
Tour de France winner will burn the equivalent of 210 Big Macs in 24 days
Imagine you begin pedaling from the start of Stage 12 of this year’s Tour de France. Your very first task would be to bike approximately 20.6 miles (33.2 kilometers) up to the peak Read more
Sports betting stocks: How companies like DraftKings, Caesars performed in June
Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, sports-betting companies have seen huge interest. As of the end of June 2022, 30 Read more
Are financial markets closed July 4?
As the Independence Day holiday approaches, Americans are preparing for a long weekend of barbecues and fireworks shows to celebrate the founding of the United States. During the extended holiday Read more
Silver tumbles to weakest level in 2 years, while gold drops to lowest in 7 months
Gold prices continued to soften on Friday for a fifth straight session, tumbling to their weakest level for a most-actively traded contract since December, while silver prices fell to their Read more
Michael Burry of ‘The Big Short’ fame thinks the market selloff may be ‘halfway there’
Blink and you’ll miss market-missive tweets doled out sparingly from Michael Burry, the investor who rose to fame after correctly predicting the collapse of the U.S. market. In his latest Read more
Forget the 1970s — this market is drawing comparisons to the 1870s
The current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. According to Bank of America, government bonds are Read more
10-year Treasury yield holds below 3%
Treasury yields were mostly lower early Friday, with the 10-year note holding below 3% after a steepening selloff in stocks and other assets perceived as risky sparked haven-related buying of Read more
Why it seems that all of your trusty stock market indicators are busted
Many investors nowadays are bemoaning that their tried and true stock-market indicators have stopped working. For example: No one at the beginning of the year had a clue that the Read more
Oil prices rally as supply worries linger
Oil futures rose on Friday after major producers raised output as expected and outages in Libya raised concerns about reduced supply. What’s happening The West Texas Intermediate front-month crude futures Read more