U.N. Secretary-General António Guterres announced an extension of a four-month-old deal to ensure the safe delivery of export of grain, foodstuffs and fertilizers from Ukraine through the Black Sea just Read more
Tag: Chemicals
U.S. manufacturing sector losing steam
The numbers: U.S. industrial production fell 0.1% in October, the Federal Reserve reported Wednesday. The gain was below Wall Street expectations of a 0.1% gain, according to a survey by Read more
New York Empire State factory gauge edges higher in November
The numbers: The New York Federal Reserve’s Empire State business conditions index, a gauge of manufacturing activity in the state, rose 13.6 points to 4.5 in November, the regional Fed Read more
U.S. stocks could rally another 25% now that Fed no longer has ‘back against the Wall’ in inflation fight
One of Wall Street’s most implacable bulls has laid out his argument for why he thinks U.S. stocks can continue to rally into year end after Thursday’s game-changing October inflation Read more
Is the stock market open? Veterans Day is a regular day for U.S. stocks, but the bond market is closed.
The stock market remains open Friday, Nov. 11, the Veterans Day holiday in the U.S., even through it counts as a holiday for the $53 trillion American bond market. That Read more
Citi says investors have up to six weeks to keep squeezing the bears after the inflation surprise
Well, that was something. Inflation came in a bit below forecast, and then the rockets came out — the best one-day percentage rise for the S&P 500 SPX since April Read more
‘I still think we are in a bear market,’ says billionaire investor Carl Icahn of post-CPI market rally
“A rally like this is of course very dramatic to say the least… but I still think we are in a bear market.” That was Wall Street icon Carl Icahn, Read more
Curb your enthusiasm — Thursday’s explosive rally in stocks likely means the bear market is alive and well
Despite Thursday’s explosive rally in stocks, it’s likely we’re still mired in a bear market. In fact, the magnitude of the surge itself suggests the bear is still alive and Read more
These 20 stocks, including Amazon, are up as much as 14% as investors cheer latest inflation data
What a difference a day can make, especially when there’s a surprising economic report that soothes investors’ fears. Stocks that had been among the worst performers of 2022 are rising Read more
Dow soars more than 1,000 points for first time since 2020 as investors cheer cooling U.S. inflation
U.S. stocks were on track for their biggest daily gain since 2020 as the Dow soared more than 1,000 points and investors cheered a lower-than-expected reading on the October consumer-price Read more