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Before the OPEC deal was finalized at the weekend, I wrote that oil will probably be going to hell in a handbasket if the cartel and the rest of the world don’t agree on cuts. Five days later,...
The rally in Tesla (NASDAQ:TSLA) shares is gaining powerful momentum amid a flurry of positive news, cementing a bullish case for the electric carmaker which some analysts believe could emerge...
The oil market is in shambles. Everyone says it. Everyone knows it. Yet, the $20.00 line has been holding since March 18, almost a full month.Has oil carved out a floor? We don’t know, for a...
Asia slumps but U.S. contracts, European equities bounce Oil at 18-year low after record drop on inventories overstock Key EventsThough Asian equities were mixed on Thursday, in the wake of economic...
Sell the front, buy the back. The classic trade developing in natural gas — or, for that matter, in oil or any commodity with a hopeless immediate outlook now — is creating a...
With the world still caught in the throes of the deadly coronavirus pandemic, it’s hard to predict how dire the global economy will become before it's all over, as well as which direction it...
Investors who've been watching closely to see how General Electric's (NYSE:GE) turnaround takes shape will now be feeling very much more worried. The coronavirus pandemic is putting more pressure on...
On Sunday, OPEC+ came through with a big agreement to cut 9.7 million bpd of oil, while other producers are supposed to provide further cuts. The agreement was hailed as “historic,” due to...
It’s the question reverberating across the gold universe: With the yellow metal well past $1,700 an ounce, is $1,900 and a new record high happening this year?Before we get to even that,...
Even before the COVID-19 pandemic, Amazon (NASDAQ:AMZN) was already the largest retailer in the world, as well as the biggest cloud computing business on the globe. The owner of this business...
All four major U.S. contracts gain over 1%; NASDAQ futures near 2% Dollar edges lower, extending a drop Oil prices remain precarious Key EventsContracts for the S&P 500, Dow Jones and NASDAQ,...
You’d expect Donald Trump to say it, of course. The U.S. president wants to be seen as the savior of everything American, from jobs to oil. But to hear the Saudi Energy Minister state that he...
When investors in the cannabis sector look back at 2020, the picture they see won't be pretty. Marijuana growers were already juggling a number of challenges — and then, the COVID-19 crisis...
This weekend's historic deal among the major oil-producing nations to introduce the largest-ever cut in their combined output, has raised hopes that oil prices could potentially recover this year...
Buy the fact, sell the rumor: that’s the likely course for oil as misplaced faith in an output pact achieved by major producers leads to a rebound, before underwhelming production cuts from the...
Nobody can complain that the U.S. Federal Reserve isn’t throwing trillions of dollars at the domestic and global economy to cope with the economic impact of the coronavirus pandemic. And it...
When the largest U.S. lending institutions, including JPMorgan Chase (NYSE:JPM), Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS) and Wells Fargo (NYSE:WFC), report Q1 2020...