Treasuries Pull Back Off Early Highs But Still Close Positive

Following the upturn seen over the course of the previous session, treasuries saw some further upside during trading on Thursday. Bond prices gave back ground after seeing early strength but remained in positive territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 3.1 basis points […]

Gold Futures Settle Lower As Dollar Rebounds On Rate Hike Bets

Gold prices drifted lower on Wednesday as the dollar rebounded from recent losses and bond yields rose amid rising prospects of sharper interest rate hikes by the Federal Reserve. The Fed Chair Jerome Powell had on Tuesday hinted that the Fed would keep tightening till inflation has been tamed. U.K.’s inflation rising to a 40-year […]

Gas prices reach new record high, shoot up 4 cents overnight

Gas prices have soared by 50% nationwide over the past year  (Getty Images) Average gas prices in the U.S. reached a new record high Wednesday, according to AAA's gas price calculator. The national average cost of a regular gallon of gasoline hit $4.567 early Wednesday morning. This topped Tuesday's record of $4.523, which in turn […]

Earnings Previews: Analog Devices, ZIM Shipping

All three major U.S. equity indexes posted solid gains Friday: the Nasdaq Composite added 3.8%, the S&P 500 added 2.4% and the Dow rose 1.5%. Investors gave the impression that the market was oversold, following Thursday’s blood bath. The two-year Treasury note added eight basis points and the 10-year added 12 in a mostly losing […]

What shape might the next recession take?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business)US banks had a stellar run in late 2020 and 2021. Stocks in the sector soared […]

5 Goldman Sachs Conviction List Buys Have 100% or More Upside Potential

When every rally attempt fails, market veterans know that it is likely that the path of least resistance for the stock market is lower, at least for the meantime. The recent preliminary reading of negative gross domestic product for the first quarter (the first such print since the second quarter of 2020) is a good […]

Oil prices react to looming EU ban on Russian oil

European nations reluctant to cut off Putin, Russian oil Emine Dzhaparova, Ukaine’s Foreign Affairs First Deputy Minister, joins ‘Varney & Co.’ to weigh in on Europe’s reluctance to ban Russian gas and oil. Oil traded higher Wednesday morning, resuming an upward move following a 9% drop over the previous two sessions. Supply concerns remain at […]

5 Dividend-Paying Tech Stocks to Buy Now as the Market Free Falls

Having dry powder is always the best ammunition when the market is in a free fall While the 2022 massacre could still have a way to go, now is the time for savvy investors to start looking at the stocks they would like to add at a substantial discount. The reasons for the sell-off this […]