In the current year, we have witnessed a gravity-defying commodity rally after the shuttering of Ukrainian ports, sanctions against Russia and disruption in Libyan oil production sent energy, crop, and metal buyers scrambling for replacement supplies. The price of copper doubled; wheat more than doubled while global indices of commodity prices almost tripled from April … Read more
(Bloomberg) — Shares in Apple Inc.’s Asian suppliers extended losses Wednesday after Bloomberg reported the Californian company is backing off plans to increase production of its new iPhones. Hon Hai Precision Industry Co., which assembles most of the world’s iPhones, dropped as much as 2.9% while chip bellwether Taiwan Semiconductor Manufacturing Co. fell as much … Read more
(Bloomberg) — There’s at least one major investor who thinks the worst global bond rout in decades is creating a buying opportunity. Most Read from Bloomberg Jeffrey Gundlach, chief investment officer at Doubleline Capital, said in a tweet that he’s been snapping up Treasuries. While US 10-year yields have climbed about 235 basis points in … Read more
Dow Jones futures fell Wednesday morning, along with S&P 500 futures and Nasdaq futures. The 10-year Treasury yield moved even closer to 4%, while Apple (AAPL) reportedly is reining in iPhone production. X That iPhone report will likely weigh on Apple stock and iPhone chipmakers such as Taiwan Semiconductor (TSM), Broadcom (AVGO), Qualcomm (QCOM) and … Read more
(Bloomberg) — As crazy as it sounds, all the turmoil that’s ripped through Wall Street over the past week has still left debt markets in Corporate America relatively unscathed. Most Read from Bloomberg That’s bad news for stock dip-buyers hoping turmoil in the financial world will soon peak. While greater than before the Federal Reserve’s … Read more
Such has been the force of the cumulative headwinds in 2022 that trying to make headway in this year’s downtrending market has been a struggle for most. A slowing economy, decades-high inflation and the accompanying rate hikes in the attempt to tame it, not to mention Russia’s invasion of Ukraine and the impact on energy … Read more
Text size Further rises in U.S. interest rates could be on the way. Depending on how the Federal Reserve responds through monetary policy, mortgage rates could hit 7%. Allison Dinner/Getty Images For Hazel Shakur, a Redfin real estate agent working in the suburbs of Washington, D.C., the end of summer normally means a pickup in … Read more
(Bloomberg) — Apple Inc. is backing off plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, according to people familiar with the matter. Most Read from Bloomberg The Cupertino, California-based electronics maker has told suppliers to pull back from efforts to increase assembly of the … Read more
Not so long ago, in a galaxy not so far away, corporations thought they hit the jackpot. Not so long ago was 2021, and the galaxy in question was the United States of America. Institutions discovered a niche market that produced reliable, incredibly high yields. The market was real estate — single-family homes to be … Read more
Donald Trump has taken a lot of heat over the years about his income taxes or, more specifically, his ability to get out of paying what most would consider his fair share. Trump has kept a tight grip on his tax returns, becoming the first president in 40 years not to release them to the … Read more