$7.50 Gas: Hot Energy Stocks with High Dividend Yields
Nearly $7.50 for a gallon of gas is a bit outrageous. If any of us had to fill a 12-gallon tank with $90 oil, most of us would be walking. Unfortunately, that’s the price for motorists in the small town of Gorda, California. The worst part – the next gas station is 40...
Trump Effect: Digital World Acquisition Soars 282% on Social Media Deal
Love him or hate him, it’s tough to ignore the impact of Donald Trump on stocks. At the moment, shares of Digital World Acquisition (DWAC) are up 282% -- with volume up to 348 million (compared to daily average volume of 130.513). All on news of a potential merger...
New Bitcoin Miner, Stronghold Digital Up 59% on First Day
Bitcoin miner, Stronghold Digital Mining (SDIG) couldn’t have picked a better day to IPO. With Bitcoin at a new all-time high above $66,000, SDIG is up 59% to $30.20. From here, the stock could easily run higher, especially on its green energy news. In fact, according...
Interesting Ways to Trade the Threat of Higher Inflation
Inflation could get much, much worse. In fact, according to billionaire hedge fund manager, Paul Tudor Jones, as noted by CNBC, inflation is here to stay, and could be a major threat to the U.S. economy. “I think to me the No. 1 issue facing Main Street investors is...
Truckers in Brazil disband blockade after provoking fuel shortages
By Roberto Samora and Gram Slattery SAO PAULO (Reuters) -Truckers blockading a major refinery in the Brazilian state of Minas Gerais disbanded on Friday, allowing fuel supplies to normalize in the nation's second most populous state. The protesters, principally...
U.S. 2021 fiscal year deficit below prior year’s record, Treasury says
(Reuters) -The U.S. budget deficit totaled $2.772 trillion during fiscal 2021, below the prior year's record shortfall but still reflecting a second straight year of massive spending to support households and businesses through the coronavirus pandemic, the Treasury...
White House says no new deadlines on reconciliation bill
WASHINGTON (Reuters) - U.S. President Joe Biden does not have any new deadlines as the administration continues to negotiate with Democratic lawmakers on the framework of a massive spending bill aimed at social programs and tackling climate change, White House press...
Exclusive: Canada says proposed U.S. EV tax credit could harm sector
By David Shepardson and David Ljunggren WASHINGTON/OTTAWA (Reuters) - The Canadian government on Friday warned that U.S. proposals to create new electric vehicle tax credits for American-built vehicles could harm the North American auto industry and fall foul of trade...
Exclusive-U.S. utility Duke in advanced settlement talks with Elliott -sources
By Svea Herbst-Bayliss and David French (Reuters) -Duke Energy Corp is in advanced settlement talks with Elliott Management Corp that could see the U.S. power utility add two directors backed by the activist investment firm to its board, people familiar with the...
Wall Street’s main indexes down on taper talk, earnings concerns
By Shreyashi Sanyal, Devik Jain and Sinéad Carew (Reuters) - The S&P 500 and Nasdaq were in the red on Friday after Federal Reserve Chair Jerome Powell discussed stimulus tapering while disappointing quarterly reports from Snap Inc and Intel Corp pushed the...
Time for Fed to taper bond purchases but not to raise rates, Powell says
By Lindsay Dunsmuir and Ann Saphir (Reuters) -Federal Reserve Chair Jerome Powell on Friday said the U.S. central bank should start the process of reducing its support of the economy by cutting back on its asset purchases, but should not yet touch the interest rate...
Daimler CEO hopes to stabilize supply chain this quarter
By Joseph White DETROIT (Reuters) - Daimler AG Chief Executive Ola Kaellenius told Reuters on Friday the automaker hopes to stabilize its supply chain for semiconductors during this quarter, but expects real relief from shortages of chips will not arrive until 2023....
Exxon, USW may meet next week to resume Texas refinery contract talks
By Erwin Seba HOUSTON (Reuters) - Exxon Mobil may meet next week with negotiators following rejection of a company contract proposal by Beaumont, Texas, refinery workers, the United Steelworkers union (USW) said on Friday. Union workers turned down a proposed six-year...
U.S. stock options traders see smooth sailing as Fed taper looms
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Options traders are showing little fear that U.S stocks will turn volatile in coming weeks, even as the Federal Reserve appears set to announce an unwind of the easy money policies that helped equities double from last year’s...
Weinstein’s Saba Capital sold holdings in SPAC as shares surged on Trump deal
By Svea Herbst-Bayliss (Reuters) - Two early investors in blank-check company Digital World Acquisition Corp. sold their holdings as news emerged that it was merging with former President Donald Trump's new media venture. Hedge fund manager Boaz Weinstein, who runs...