Posts with tag: exploration
The "Trump trade" is faltering, with US stocks lagging and yields on 10-year Treasuries pulling back. Volatility has increased, testing the resolve of traders who have been buying the dip. Despite strong economic fundamentals, international trade concerns have contributed to the volatility, and investors are struggling to adjust to Trump's unpredictable policy making.
Published on: February 07, 2025, 11:01 PM UTC
US Stocks Fall Amid Tariff Threats, Inflation Worries, and Mixed Jobs Data
Published on: February 07, 2025, 10:01 PM UTC
US stocks fell Friday as investors reacted to the threat of more possible tariffs from the Trump administration, while digesting a jump in consumer expectations for inflation and the quickly overshadowed monthly jobs report. The S&P 500 (^GSPC) moved 0.7% lower, while the tech-heavy Nasdaq Composite (^IXIC) slid around 1%. The Dow Jones Industrial Average (^DJI) also fell 0.7%.
Published on: February 07, 2025, 06:02 PM UTC
Venezuela's PDVSA resumes light crude imports amid dwindling domestic production, creating bottlenecks for blending exportable blends.
Published on: February 07, 2025, 05:00 PM UTC
Savings accounts can still pay decent returns, despite falling interest rates. Flagstone's Claire Jones recommends different accounts for different scenarios, considering factors such as access to funds, investment duration, and tax implications.
Published on: February 07, 2025, 04:01 PM UTC
Elon Musk's government efficiency commission is making enemies and drawing fire due to its aggressive cost-cutting measures. A recent poll shows a decline in support for Musk's influence, particularly among Republicans. Steve Bannon has emerged as a vocal opponent, while Musk has taken on the role of a political provocateur. Trump faces a dilemma as Musk's reputation declines and legal challenges arise over the commission's activities.
Published on: February 07, 2025, 02:02 PM UTC
Skyworks Solutions (SWKS) stock plunged 25% after Apple shifted some orders to Broadcom (AVGO), reducing demand for Skyworks' iPhone chips.
Published on: February 07, 2025, 01:03 PM UTC
Elon Musk's elevated status in Washington is boosting Wall Street's confidence in him and his social media platform, X. Banks recently sold $5.5 billion in debt tied to Musk's 2022 Twitter buyout at a higher-than-expected price. This signals an improved view of X and represents a fortunate turn of events for banks holding the debt.
Published on: February 07, 2025, 12:03 PM UTC
January's jobs report is expected to show hiring slowed to start 2025 while the unemployment rate remained flat at 4.1%. Economists expect non-farm payrolls to have risen by 170,000, below December's 256,000 gain. Despite the slowdown, the labor market remains strong with job openings still high and layoffs low.
Published on: February 07, 2025, 09:02 AM UTC
US stock futures edge lower as Amazon's AI outlook disappoints; Pinterest and Palantir gain on AI adoption. Investors eye January jobs report for economic health check.
Published on: February 07, 2025, 08:01 AM UTC