The S&P 500 earnings recession is now set to end, as bottom-line results for the fourth quarter have swung to growth for the first time in a year as more companies are beating expectations, by bigger margins, than usual. The fourth-quarter earnings reporting season is not yet half over,Read More →
European stocks traded higher on Monday, alongside U.S. equity futures, with investors encouraged by COVID-19 vaccine progress and hopes for a stimulus deal out of Washington. No collapse in Brexit talks also lifted sentiment. The Stoxx Europe 600 index XX:SXXP rose 0.8% after the index logged a 1% lossRead More →
A customer refuels a car at a Shell petrol station in Etlham, southeast London on September 30, 2020. ben stansall/Agence France-Presse/Getty Images Oil prices were hit by a double whammy on Friday, with news that President Donald Trump said he has contracted coronavirus adding to the industry’s concerns aboutRead More →
It’s increasingly likely that the Democrats will win the White House and the Senate. For investors, that means it’s time to review the environmental, social and governance (ESG) sector, with an emphasis on “green” stocks that might do well under a Joe Biden presidency. For key insights and stockRead More →
The builders of the Atlantic Coast Pipeline are halting the project as companies continue to face growing environmental opposition to new fossil fuel pipelines in the United States. Duke Energy Corp. DUK ,-0.11% and Dominion Energy Inc. D ,+0.41% said Sunday that they were abandoning the $8 billion pipelineRead More →
The number of confirmed cases of the coronavirus illness COVID-19 topped 10 million around the world and the death toll surpassed a half million over the weekend, and Florida, South Carolina and Nevada all recorded their highest number of new infections in a single day. Florida counted 9,585 new casesRead More →
© Reuters. To match Special Report CHESAPEAKE-MCCLENDON/LOANS By David French and Rama Venkat NEW YORK (Reuters) – Chesapeake Energy Corp (N:) filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and theRead More →
European stocks pushed higher on Friday and headed for a weekly gain after days of worries over rising coronavirus cases in parts of the world. Potential good news on the U.S.-China trade front was driving some momentum. The Stoxx Europe 600 index SXXP, +0.45% rose 0.6%, after closing down 0.7%Read More →
Oil futures fell Friday, with traders citing uncertainty about demand for fuel and rising U.S.-China tensions over Hong Kong, but the U.S. crude benchmark remained on track for its biggest monthly rise on record. “Demand is rising, and production is falling, but China might be the fly in the oilRead More →
A monthlong bout of coronavirus has ravished China, claiming hundreds of lives and sickening thousands but the Asian influenza also has infected the stock market and other assets, chilling bullish sentiment for the moment and stoking uncertainty at a period of lofty valuations. Here are some of the assets andRead More →
Fears around China’s ability to contain a deadly coronavirus outbreak have given the U.S. junk-bond market its first major test of the year. Laredo Petroleum Inc. LPI, +2.21% and Range Resources Corp. RRC, +3.61% were two energy companies in January from a deluge of U.S. businesses that raced toRead More →
U.S. stock futures indicated sharp losses for major indexes on Monday, continuing a drop seen from late last week, as concern grows over the fallout from China’s coronavirus, with the death toll and number of infected climbing dramatically from last week. How are benchmarks performing? Dow Jones Industrial Average futuresRead More →
Growth stocks hammered value plays last year, as they have been doing since the U.S. recession ended. According to Citi, the MSCI all-cap world value index has underperformed the MSCI growth index by 25% since 2010, with 2019 showing the biggest gap in performance in 20 years. But there wasRead More →
Oil futures fell on Wednesday to mark their lowest settlement in about seven weeks as fears of an oversupply of crude, and potential hit to demand on the back of the coronavirus outbreak in China, outweighed a disruption to Libyan production. West Texas Intermediate crude for March delivery CLH20, -2.76%Read More →
Amazon.com, AT&T Inc., DHL Express USA Inc. and other select companies with major delivery fleets and their accompanying heavy carbon footprints are banding together for an electric-vehicle collaboration expected to keep up the pressure on the EV industry and the corporations that dominate American roads. The group comes together underRead More →
The U.S. stock market seems risky now because valuations are rich, as sentiment marches higher. But there’s a fix for that: load up on disliked, cheap value stocks. By many measures, value stocks are lagging growth stocks by almost as much as they ever have in the past several decades. UsuallyRead More →
U.S. stock and bond markets will be closed Monday in observance of the Martin Luther King Jr. holiday, coming as Wall Street absorbs a record-setting run-up for equities. The Securities Industry and Financial Markets Association, or Sifma, recommends that bond markets are closed, including the dollar-denominated 10-year Treasury note TMUBMUSD10Y,Read More →
Oil futures struggled for direction on Friday, seesawing between modest gains and losses, with prices on track to register a loss for a second week in a row. Traders continued to weigh the prospects for energy demand in the wake of the China-U.S. trade deal on Wednesday and Senate approvalRead More →
Oil futures fell sharply on Wednesday, logging lowest settlement since mid-December, as comments from President Donald Trump calmed nerves surrounding a potential war with Iran. Prices had seen a sharp but brief spike late Tuesday, brought on by Iranian missile strikes at bases in Iraq where U.S. troops are stationed.Read More →
Saudi Aramco shares have tumbled 10% from their peak levels less than a month after IPO, however, it still looks too expensive compared to peers. Last week the U.S. ordered a drone strike which killed Iran’s most prominent general Qassem Soleimani and caused crude oil futures (TICKER:UK:BRENT CRUDE) to brieflyRead More →
Oil prices added to gains on Monday, with the benchmarks for crude touching their highest levels in at least 7 months in the wake of Friday’s killing of Iranian Gen. Qassem Soleimani in a U.S. drone strike, which has ratcheted up Middle East tensions. West Texas Intermediate crude for FebruaryRead More →
MENAHEM KAHANA/AFP via Getty Images Tourists at the Khazneh, or Treasury, in Petra, Jordan. The popular destination is in a region of the world where tensions can be expected to rise after an U.S. airstrike in Baghdad, Iraq, killed a top Iranian military official. Iran and Iraq are obviously notRead More →
The death of an Iranian military leader in a U.S. airstrike has sent markets reeling. But U.S. consumers won’t feel the impact of rising oil prices immediately. Qassem Soleimani, the leader of the foreign wing of Iran’s Islamic Revolutionary Guard Corps, was killed in an airstrike on Baghdad’s international airportRead More →
It’s always useful to have a sense of Middle Eastern history, as financial markets swirled following the news of the U.S. airstrike that killed a prominent Iranian general in Baghdad. So let’s go way back to…September, when an unprecedented drone attack on Saudi Arabia oil processing facilities cut the country’sRead More →
LONDON (Reuters) – Britain’s cap on domestic energy prices saved customers around 1 billion pounds ($1.3 billion) in 2019, but shopping around is still the best way to save money, the government said on Tuesday. The cap on default electricity and gas bills came into effect in January this yearRead More →
