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Economy

“Oil prices up more than $1 on growing global economy optimism”

March 1, 2021

“Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge U.S. stimulus package and on hopes for improving oil demand as vaccines are rolled out. Brent crude futures for May rose… Continue Reading…

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Economy

“Oil breaks above $50 for the first time since February”

January 5, 2021

“U.S. West Texas Intermediate crude futures, the U.S. oil benchmark, broke above $50 on Tuesday for the first time since February. The move higher marks a steady comeback for oil prices after the coronavirus pandemic and subsequent demand loss sent futures… Continue Reading…

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Banking

“U.S. Bank Shares Climb on Promise of $11 Billion Buyback Bonanza”

December 21, 2020

“Shares of the biggest U.S. banks rallied after the Federal Reserve said it would let stock buybacks resume as soon as next month, with as much as $11 billion headed to shareholders. Goldman Sachs Group Inc. rose 6.1% at 9:47… Continue Reading…

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Stocks

“J.P. Morgan: 2 Stocks to Buy (And 1 to Avoid)”

December 16, 2020

“Dollar Tree (DLTR)… The analyst consensus rating here is a Moderate Buy, based on 17 reviews that include 10 Buys and 7 Holds. Dollar Tree’s shares are selling for $108, and their $121.33 average price target suggests a 12% upside from… Continue Reading…

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Stocks

“10 Stocks Turned $10,000 Into $459,770 In 10 Months”

October 30, 2020

“…Investors paying attention could still find plenty of gains. Nearly half the stocks in the S&P 500 gained in October, topped by leaders like health care firm Align Technology (ALGN), information technology Paycom (PAYC) and industrial Quanta Services (PWR). This means if you’ve been in the right place… Continue Reading…

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Business

“Cleveland-Cliffs to Buy ArcelorMittal USA for $1.4 Billion”

September 28, 2020

” Cleveland-Cliffs Inc. will buy the U.S. operations of ArcelorMittal SA for $1.4 billion in cash and shares to become the biggest flat-rolled steel producer in North America. Ohio-based Cleveland-Cliffs expects its second major deal in less than a year to… Continue Reading…

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Personal Finance

“Retiring with $1 million: How much you should save every month, broken down by age”

September 22, 2020

“…In fact, only 47% of retirees think they’ve built a large enough nest egg to last the rest of their lives, according to a 2020 survey conducted by the Transamerica Center for Retirement Studies. If your goal is to save $1 million, you’ll need… Continue Reading…

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Business

“Mall owners Simon, Brookfield set to rescue JC Penney from bankruptcy in $800 million deal”

September 11, 2020

“U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of the… Continue Reading…

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Stocks

“Brent Crude Tumbles Below $40 in Wake of Souring Demand Outlook”

September 8, 2020

“Crude in London tumbled below $40 a barrel for the first time since late June in the wake of faltering demand and weaker equities dampening market sentiment. Brent futures tumbled as much as 5.3% to $39.77 a barrel on Tuesday.… Continue Reading…

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Banking

“Money Markets Have a $750 Billion Problem in Zero-Rate World”

September 8, 2020

“A $750 billion industry still struggling to bounce back from the last crisis is cracking under the Federal Reserve’s lower-for-longer mantra on U.S. interest rates. Prime money-market funds — a long-time favorite for anyone seeking a cash-like investment with a… Continue Reading…

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