commodity
- Market
U.S. trade deficit widens in January
The numbers: The nation’s trade deficit widened 1.9% to $68.2 billion in January, the Commerce Department said Friday. Economists polled…
Read More » - Finance
Bitcoin’s chances of hitting $100,000 in 2021 stumble as Kanye West tipped to buy $100m
The likelihood of bitcoin reaching $100,000 in value this year has fallen to 36% following a difficult week for the…
Read More » - Finance
Mark Mobius: Yep we’re in a bubble, especially in crypto
Mark Mobius, the veteran emerging markets investor, has warned a bubble is forming in certain parts of the global financial…
Read More » - Market
Stock-market crash? No, but rising bond yields are sparking a nerve-racking rotation below the surface
Never mind the hashtags, the stock market remains far from “crash” territory, as anyone with a working memory of last…
Read More » - Market
The stock market’s most sensitive sector says cycle isn’t anywhere close to turning
Consumer discretionary stocks are the most sensitive to the market cycle, and right now they’re giving no indication that cycle…
Read More » - Market
Zoom Video can still thrive in a post-vaccine world, analysts say
Zoom Video Communications Inc. continued to show strong momentum in its latest quarter, fueling optimism that the company can keep…
Read More » - Market
S&P 500 scores best day gain in about 9 months, as March kicks off with brighter economic outlook
U.S. stock-market benchmarks surged Monday, with the S&P 500 booking its best day of gains since June, as a gauge…
Read More » - Market
Stock markets return to winning form as bond yields ease
The fears over falling bond prices that gripped the market receded on Monday, as European stocks and U.S. stocks gained.…
Read More » - Market
Nio’s sales top $2 billion in ‘transformational’ year
Nio Inc.’s American depositary receipts fell more than 3% in the extended session Monday after the China-based electric-car maker reported…
Read More » - Finance
Here’s how bitcoin could become the preferred unit for global trading, says Citigroup
Bitcoin has reached a “tipping point” that could see it either be adopted as the preferred currency for international trade…
Read More » - Finance
Why the Brexit battle over London’s derivatives dominance may drag on for years
The battle for London’s trading and clearing of derivatives is heating up. But it probably won’t be settled any time…
Read More » - Market
Consumer sentiment improves slightly in late February, but Americans still have big doubts about the economy
The numbers: Americans are still unsure how rapidly the U.S. economy will recover from the pandemic and restore millions of…
Read More » - Market
U.S. trade deficit widens slightly in January, second highest on record
The numbers: The U.S. trade deficit in goods widened to $83.7 billion in January from a revised $83.2 billion in…
Read More » - Market
Durable-goods orders post biggest gain in six months — that’s a good sign for the U.S. economy
The numbers: U.S. manufacturers booked the biggest increase in orders in six months last month, pointing to an economy that…
Read More » - Market
This stock fund may be for you if you want to sleep well at night and still make money
Just about every financial adviser recommends that individual investors avoid timing the stock market. That advice can go in one…
Read More » - Market
Nvidia’s quarterly sales topped $5 billion for first time amid holiday scramble for gaming gear
Nvidia Corp. reported Wednesday that quarterly topped $5 billion for the first time in the fourth quarter, as holiday gaming…
Read More » - Market
Dow up over 400 points to carve out fresh record in 2nd day of Powell testimony
The Dow Jones Industrial Average on Wednesday afternoon surged to an intraday record and stocks erased early losses, as Federal…
Read More » - Market
These are the stocks helping to tank the high-flying ARK Innovation ETF over the past week
(Updates story with closing prices for Feb. 23.) The Ark Innovation ETF has been a top performer. But there are…
Read More » - Market
Should I buy bitcoin? Why the cryptocurrency is on the verge of a bear market
Bitcoin was on the brink of entering a bear market Tuesday as the volatile crypto asset suffered a double-digit plunge…
Read More » - Finance
Tesla’s $1.5bn crypto bet triggers companies to explore bitcoin
Companies are starting to express interest in bitcoin as a long-term investment, following in the footsteps of listed giants such…
Read More » - Market
‘Excessive stimulus’ puts value stocks on track to outperform growth over next 4 years, says Stifel’s Bannister
There isn’t a lot of upside from here for the S&P 500, but value stocks could solidly outpace their growth…
Read More » - Market
Worldwide chip shortage expected to last into next year, and that’s good news for semiconductor stocks
A global shortage of semiconductors has pushed chip stocks to record highs, and analysts expect that chips will continue to…
Read More » - Market
Treasury’s Yellen criticizes bitcoin again as ‘inefficient’ and highly speculative
Bitcoin keeps going up in value and setting records, but U.S. Treasury Secretary Janet Yellen is not as high as…
Read More » - Market
Opinion: Productivity will calm inflation this year — these are the types of stocks you’ll want to own
President Biden’s desire to “go big” on spending has instilled big fears in some investors. They’re worried too much stimulus…
Read More » - Market
Investors flee bonds and snap up commodities on economic recovery hopes, while European stocks trade lower
Investors continued to flee bonds and snap up commodities on hopes the rollout of vaccines will reinvigorate the global economy,…
Read More » - Market
Why food costs aren’t done climbing yet
More American consumers ate at home last year because of the pandemic, contributing to the largest yearly rise in food-at-home…
Read More » - Market
Bitcoin’s $1 trillion market valuation is Twitter gold
Bitcoin was carving out fresh history on Friday, and generating a ton of buzz on Wall Street and Main Street…
Read More » - Finance
Billionaire Jeff Gundlach says bitcoin beats gold as ‘stimulus asset’
A long-time gold bull and prominent investor Jeffrey Gundlach has had his head turned by cryptoassets, after noting that bitcoin…
Read More » - Market
Tilray stock loses steam as analysts say company not compelling as stand-alone business, look to Aphria deal
Tilray Inc. shares fell on Thursday, as analysts weighed in on the company’s latest quarterly earnings with most looking ahead…
Read More »