Econ #s Archives - Page 8 of 61

2 minute read

Mortgage Applications Climb For Third Week As 30-Year Interest Rates Drop

May 22, 9:05 AM

Mortgage applications in the US saw a 1.9% increase for the week ending May 17, continuing an upward trend. Refinancing applications surged by 7% and stocks of mortgage-sensitive firms are on the rise.

ABR

1 minute read

‘Biden To Release 1 Million Barrels Of Gasoline To Reduce Prices At The Pump Ahead Of July 4’ – CNBC

By Benzinga Newsdesk

May 21, 1:20 PM

https://www.cnbc.com/2024/05/21/biden-to-release-1-million-barrels-of-gasoline-to-reduce-prices-at-the-pump-ahead-of-july-4.htmlThe Biden administration will release 1 million barrels of gasoline from reserves held in

SPY

2 minute read

3 Stocks To Watch As Copper Surges To Record Highs: ‘Something Is Cooking In China’

By Piero Cingari

May 21, 11:12 AM

Copper prices reaching record highs due to demand from electrification and strategic stockpiling by China. Top stock picks include ANFGF, FCX, and TECK.

ANFGF

2 minute read

Goldman Sachs Raises Forecast For Chinese Market: Stock Ideas To Bet On Recovery Momentum

By Piero Cingari

May 21, 9:32 AM

Goldman Sachs sees potential for further rise in Chinese stocks due to improving macroeconomic performance and policy support, with a 60% probability of continuing gains and potential average returns of 35% in the next 6 months.

BABA

3 minute read

Treasury Secretary Yellen Rejects Global Billionaire Tax: Big Relief For Elon Musk, Jeff Bezos, Bill Gates And Mark Zuckerberg

By Piero Cingari

May 20, 6:02 PM

The U.S. has rejected proposed global wealth tax on billionaires, citing concerns and stating that it cannot support such an initiative.

TSLA

2 minute read

AI-Driven Rally Set To Expand To Power, Commodities, Utilities: ‘It’s Not Just About Nvidia Anymore’

By Piero Cingari

May 20, 4:51 PM

Nvidia prepares for Q1 2024 earnings, with EPS expected to be 5x higher than last year and revenue projected to be 3x higher. AI-driven gains extend beyond chipmaking to power, commodities, and utilities, with Nvidia's market cap increasing by $1.5 trillion since Q1 2023.

CEG

2 minute read

Stocks, Gold Reach New Record Highs, Cruise Stocks Rally, GameStop Sinks: What’s Driving Markets Monday?

By Piero Cingari

May 20, 1:34 PM

Wall Street rallies on Monday as major US indices reach fresh record highs. Metal commodities surge, Treasury yields stay stable. Cruise stocks soar.

CCL

3 minute read

ICC Prosecutor Requests Arrest Warrants For Israeli Leaders On War Crimes Charges

By Piero Cingari

May 20, 10:38 AM

The ICC's chief prosecutor has requested arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant for war crimes.

ISRA

2 minute read

Silver Rockets To 11-Year Highs, Copper Hits Record Peak, Gold Approaches Historic Close: Mining Stocks’ Wild Ride

By Piero Cingari

May 17, 3:49 PM

Copper, silver, and gold prices surge on strong Chinese stimulus and Fed rate cut expectations, driving mining stocks to record highs.

CDE

2 minute read

China Goes All In As Beijing Vows To Buy Unsold Properties: Chinese Stocks Rally, Copper Hits All-Time Highs

By Piero Cingari

May 17, 10:37 AM

China announces aggressive measures to boost property market, including easing mortgage rules and urging local governments to purchase unsold homes. Stocks and commodities tied to China rally in response to the news.

BABA