Commodity/Financial Market News
- Market
Believe it or not, gas prices have been edging down this Fourth of July — here’s why
It’s a cool breeze during a hot moment, but it’s not the summer weather. As record-breaking numbers of Americans pack…
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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…
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Weekend reads: What’s ahead for the stock market after that brutal first half of 2022
The first half of 2022 marked a big change for investors and consumers, as inflation reared its ugly head. It…
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EU crypto rules to force tether, USD coin to hold more reserves in ‘Wild West’ market
A landmark agreement for Europe to regulate cryptocurrency markets across the continent is set to bring stablecoins such as tether and…
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UBS in $25m SEC settlement over complex options products
UBS agreed to pay $25m to settle fraud charges from the Securities and Exchange Commission over a complex options-trading strategy…
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Mortgage rates take a breather after nearly doubling in one year’s time
The 30-year fixed-rate mortgage averaged 5.7% for the week ending June 30, according to data released by Freddie Mac on…
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Stocks could drop 50%, Nouriel Roubini argues. Things will get much worse before they get better.
NEW YORK (Project Syndicate)—The global financial and economic outlook for the year ahead has soured rapidly in recent months, with…
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These 10 stocks in the S&P 500 have lost $4.1 trillion of investors’ money during the first half of 2022
The first half of 2022 is over today, and good riddance for investors: The S&P 500 Index has declined 21.4%.…
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Dow down more than 400 points as brutal first half comes to close
U.S. stocks opened sharply lower on Thursday following the release of closelywatched inflation data, while Wall Street was headed for…
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Powell says no guarantee of soft landing for U.S. economy
Fed Chairman Jerome Powell on Wednesday said there was no guarantee that the central bank can engineer a soft landing…
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U.S. stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market
U.S. stock indexes pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back…
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Here’s why this trader is piling back into one of the year’s hottest commodities
The end of June is nigh and good riddance. Down about 7%, only March has delivered a win for S&P…
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JPMorgan leaves the LME nickel crisis behind
US investment bank JPMorgan no longer has exposure to nickel. A drop in the price of the metal at the…
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Plunging bitcoin hits crypto miners
The plummeting price of bitcoin could force crypto miners to sell the tokens to fund operations, further pressuring the digital…
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How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute
When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its…
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Home-price growth continues in April, Case-Shiller says
The numbers: The S&P CoreLogic Case-Shiller 20-city index posted a 21.2% year-over-year gain in April, up slightly from 21.1% in the…
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Consumer confidence falls to 16-month low on worries about inflation and economy
The numbers: A survey of U.S. consumer confidence dropped in June to a 16-month low of 98.7, as Americans grew…
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U.S. trade deficit in goods falls for second month in a row after setting record
The numbers: The nation’s trade deficit in goods fell 2.2% in May to $104.3 billion, a second straight decline that could…
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G-7 set to announce price cap on Russian oil
ELMAU, Germany (AP) — The Group of Seven economic powers are set to announce an agreement to pursue a price…
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SocGen accuses Clifford Chance of negligence in £384m gold bullion dispute
Societe Generale has accused Clifford Chance of negligence over its work for the bank in a dispute over £384m-worth of…
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Recession scare starting to challenge inflation as top fear among stock and bond investors
It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with…
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S&P 500 ends at biggest gain since May 2020, Dow jumps more than 800 points as U.S. stocks snap three weeks of losses
All three major U.S. stock benchmarks closed sharply higher Friday, with the technology-heavy Nasdaq Composite surging more than 3%, as…
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Gold prices down a second week as recession fears drive copper to biggest weekly loss in a year
Gold and silver prices edged up for the session on Friday, but end lower for a second straight week, as…
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These dividend stocks yield at least 5% and have plenty of room to raise payouts
This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%.…
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LME appoints Oliver Wyman to oversee nickel crisis post-mortem
The London Metal Exchange has selected Oliver Wyman to head the exchange’s independent review of its handling of the nickel…
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U.S. stocks open higher as consumer staples, health-care lead
U.S. stocks opened higher on Thursday with the health-care, consumer staples and real estate sectors among the best performers in…
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Want to short bitcoin in the US? There’s now an ETF for that
Investors in the US can now cash in on tumbling bitcoin prices by betting against the embattled cryptocurrency using a new…
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Germany faces gas supply ‘crisis,’ declares alarm level
Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, saying Europe’s biggest economy faces…
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U.S. stock futures drop as Powell testimony looms, recession worries return to the spotlight
Recession worries were back in the spotlight for Wall Street on Wednesday, with equity futures and oil prices dropping, as…
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Sam Bankman-Fried’s FTX rolls out $250m credit line to BlockFi
BlockFi co-founder and chief executive Zac Prince said via Twitter on 21 June that the companies had signed a term sheet,…
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12 reasons why the stock market will be higher on Dec. 31. Just how excited should that make you?
CHAPEL HILL, N.C. — There’s a two-out-of-three chance that the stock market will rise through the end of this year.…
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Why the crypto winter could be a Lehman moment
When a traditional bank fails, a SWAT team of regulators swoops in, winding it down in secret and preventing a…
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Dow futures surge over 500 points after three-day break
U.S. stock-index futures rose sharply on Tuesday after a three-day holiday weekend, following the worst weekly performance for equities in…
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Deutsche Borse strikes crypto deal in search for ‘high-quality’ data
Deutsche Borse is partnering with digital assets data provider Kaiko to extend its data offering to the crypto space. The…
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Bitcoin rallies back above $20,000 on Sunday, after hitting 18-month low
Bitcoin prices rallied Sunday, topping the $20,000 level again after falling to an 18-month low Saturday amid a weeks-long cryptocurrency…
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Fed dissenter George says jumbo interest rate rise this week risked adding to ‘policy uncertainty’
Kansas City Federal Reserve President Esther George on Friday explained her lone dissent against the Fed’s 75 basis point interest…
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Crypto hedge fund Three Arrows mulls bailout as market sell-off batters investors
Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for…
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Crypto firms are under pressure as bitcoin and ethereum fall further
Cryptocurrencies continued declining on 17 June, two days after the Federal Reserve stepped up the pace of interest-rate increases. Bitcoin,…
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Mortgage rates surge in latest week by most since 1987: Freddie Mac
The U.S. 30-year fixed-rate mortgage averaged 5.78% for the week ending June 16, according to data released by Freddie Mac on Thursday. That’s…
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Oil prices end higher as the U.S. announces new sanctions on Iran
Oil futures climbed on Thursday, shaking off early losses from economic growth worries in the wake of the Federal Reserve’s…
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U.S. inflation expected to keep running hot: Traders see 4 straight months of roughly 9% or higher CPI readings
Just a day after Federal Reserve policy makers delivered their biggest rate hike in 28 years, the U.S. inflation outlook…
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Why wild markets are the gift that keeps on giving Wall Street traders
First, it was the pandemic, which sent stocks down sharply in early 2020. A massive infusion of government cash arrested…
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Dow futures slump over 500 points as post-Fed meeting gains evaporate
U.S. stock index futures slumped early Thursday, as the gains seen after the Federal Reserve’s biggest interest rate hike since…
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Fed interest-rate hike is biggest in three decades as central bank anticipates its policy rate rising to 3.8% by end of next year
The Federal Reserve on Wednesday demonstrated it wanted to be aggressive in its fight against inflation, approving its largest interest-rate…
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Dow, S&P 500 snap 5-day skid after biggest Fed interest rate hike since 1994
U.S. stocks finish a choppy session higher Wednesday, with the Dow and S&P 500 ending a five-session skid, after Federal…
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Fed sees inflation topping 5% in 2022 and then falling rapidly due to higher rates
The Federal Reserve on Wednesday predicted U.S. inflation would exceed 5% by the end of 2022 — much higher than…
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Is the U.S. stock market closed on Juneteenth? What investors need to know.
Stock and bond markets will be closed Monday, June 20, in observance of the Juneteenth holiday, which commemorates the end…
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Italian bond yields dive and euro climbs as ECB announces emergency meeting on market conditions
European bond yields fell and the region’s single currency climbed on Wednesday as the European Central Bank announced it would…
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Will Coinbase go bankrupt? CEO says company has ‘no risk of bankruptcy’
““We have no risk of bankruptcy.”” That’s a quote from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform…
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Berenberg cuts 50 jobs in New York amid weaker markets
German bank Berenberg has laid off around 50 people in its New York office in the latest sign that investment…
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