Some of the Top Stocks to Consider for New Year 2022
With just weeks to go before 2022, one of the top questions has been where to invest for the New Year. While we can’t tell you with 100% certainty what will pop or drop, here are three of the top stocks you may want to seriously consider. Riot Blockchain (RIOT)...
Top Ways to Trade a Potential Oil Price War
President Biden may be risking an oil price war. Just days after President Biden announced the release of 50 million barrels of oil from the U.S. strategic reserve (which is about two days of extra supply), the Saudis and Russians may pause any efforts to increase oil...
The Pullback in Bitcoin May be a Buy Opportunity
The pullback in Bitcoin may be an attractive opportunity. For one, there’s still a good deal of institutional and retail interest. In fact, according to CoinTelegraph, “Crypto investment products, which include exchange-traded funds (ETFs), saw weekly inflows totaling...
One of the Best Year-End Market Strategies to Consider
One of the best strategies is to invest in the top Dogs of the Dow. While 2020 wasn’t a great year for the Dogs, most other years have done very well. In 2019, the Dogs were up 20%. In 2018, they were up about 1%, but still beat the Dow, which fell close to 6%. In...
Buying the Omicron dip
A look at the day ahead from Danilo Masoni. Sell first, get answers later. With stocks near lifetime peaks, the Black Friday reaction to the new fast-spreading virus strain Omicron was hardly surprising. But a weekend later, investors look heavily engaged in buying...
Omicron threatens oil demand recovery, already hit by Europe’s rising COVID cases
By Florence Tan and Heekyong Yang (Reuters) - Asian oil refiners' margins have slumped to the lowest in nearly five months amid worries that the Omicron coronavirus variant could deal another blow to oil demand recovery, already hit by rising COVID-19 cases in Europe....
Nissan to spend $17.6 billion over 5 years in electrification push
By Tim Kelly TOKYO (Reuters) - Nissan Motor Co announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, aiming to catch up with rivals in one of the fastest growth areas for the automobile industry. This...
Macau casino shares plunge amid arrests, junket mogul believed detained
By Anne Marie Roantree and Eduardo Baptista HONG KONG (Reuters) - Macau casino stocks tumbled on Monday, rattled by the arrests of 11 people over alleged links to cross-border gambling and money laundering, with the founder of the gaming hub's biggest junket operator...
U.S. Commerce chief to make pitch for chips funding in Michigan
By David Shepardson WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo will on Monday make a pitch in Michigan for Congress to approve $52 billion to expand U.S. semiconductor manufacturing even as it continues to review data on the chips market from...
UK regulator set to block Meta’s Giphy deal – FT
(Reuters) -The UK competition regulator is expected to block Meta Platforms' acquisition of online GIF platform Giphy in the coming days, the Financial Times reported https://www.ft.com/content/662c8e3f-4909-4bec-9131-c0237bb4897d on Monday. The Competition and...
U.S. stock futures, oil rally as mood lightens
By Wayne Cole SYDNEY (Reuters) - U.S. stock futures led a market rebound on Monday as investors prepared to wait a few weeks to see if the Omicron coronavirus variant would really derail economic recoveries and the tightening plans of some central banks. Oil prices...
Currencies recover from Omicron chaos but analysts warn more volatility ahead
By Kevin Buckland OTTAWA (Reuters) - Currency markets calmed on Monday in Asia after the initial shock of Omicron's discovery sent investors scurrying for cover last week, but analysts warned of more volatility with little still known about the new coronavirus strain....
Evergrande shares fall after chairman cuts stake; Fantasia suspends trading
HONG KONG (Reuters) - Shares in China Evergrande Group fell as much as 4.8% on Monday morning, after its chairman trimmed his stake in the cash-strapped property developer to raise about $344 million. The group's electric vehicle unit, China Evergrande New Energy...
Japan October retail sales boosted by fuel-price spike, broad trend still soft
By Kantaro Komiya and Yoshifumi Takemoto TOKYO (Reuters) - Japan's retail sales rose for the first time in three months in October, though less than expected, and the underlying private consumption trend pointed to persistent strains on a fragile economic recovery...
Amazon asks India antitrust body to revoke Reliance-Future deal approval
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) -Amazon has asked India's antitrust regulator to revoke its approval for Future Retail's $3.4 billion sale of retail assets to Reliance, saying it was "illegally obtained", violating an order suspending the deal, a...