Hurricane Ida also hit oil output, a primary reason Goldman sees the price going to $90. Goldman Sachs has raised its oil price forecast to $90 a barrel as it said Hurricane Ida should prove to be “the most bullish hurricane in U.S. history.” “Global oil demand is back to converging to pre-Covid levels led by mobility in Asia, including China, and with the Delta Covid impact fading,” they said, adding that the global decline in air travel was smaller than first feared.
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Billionaire Tudor Jones: This is the ‘single biggest threat' to stocks and society — protect yourself now
Regardless of what the officials do, you can take action to protect your portfolio.
- Motley Fool
When it comes to investing success, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is in a class of his own. Buffett may not be infallible, but he's helped create more than $600 billion in shareholder value for the company's shareholders since taking the helm in 1965. As a whole, Berkshire Hathaway's shares have averaged an annual gain of 20% over the past 56 years, leading to an aggregate gain of better than 3,300,000%.
- Business Insider
A mom told Jeff Bezos that Amazon was underpaying her $90 a month, sparking an internal probe that found the company was shortchanging some workers, a report says
"I'm crying as I write this email," Tara Jones, an Amazon worker, wrote to Jeff Bezos, The New York Times reported.
Earnings season is in full swing, and so far the Q3 numbers are looking solid. As of Monday’s close, 84% of the 117 S&P-listed companies reporting so far have beaten expectations. These results have calmed some fears that the third quarter would disappoint. Meanwhile, Oppenheimer strategist John Stoltzfus believes interesting times lie ahead, with the most likely goose to the markets coming from the political scene. “Ongoing negotiations in Congress to trim the cost of the next round of policy r
These stocks are either immune to inflation or stand to benefit, the Mad Money host says.
- Business Insider
Chinese authorities have told Evergrande's billionaire founder to use his own money to pay down the company's $300 billion debt, Bloomberg reports
Hui Ka Yan's net worth is about $7.6 billion, according to Bloomberg Billionaires Index. Evergrande's debt pile is $300 billion.
QuantumScape reported a surprise third-quarter profit, driven by an accounting change. Nonetheless, progress in developing solid-state lithium anode EV batteries is what moves the stock.
- Motley Fool
For well over a century, the stock market has stood head-and-shoulders above all other investment vehicles. In a little over 11 years, we've watched Bitcoin (CRYPTO: BTC) gain more than 7,700,000,000%. There's also meme-based coin Shiba Inu (CRYPTO: SHIB), which has racked up gains of greater than 5,000,000% since it debuted less than 15 months ago.
Some insiders made their first open-market purchases of Intel stock, and others bought for the first time in years.
- WBAL - Baltimore Videos
Gov. Larry Hogan held a news conference Monday afternoon to clarify who's eligible for a COVID-19 booster shot in Maryland. The state has administered more than 8.3 million COVID-19 vaccines, including: 98% of Marylanders 65 and older, 85.9% of Marylanders 18 and older and 84.9% of all eligible Marylanders 12 and older. The governor announced Maryland has administered 280,000 booster shots. With the latest approval from the Centers for Disease Control and Prevention for Moderna and Johnson & Johnson, almost 1.4 million Marylanders are now eligible to receive a booster shot.
- The Daily Beast
Alex Wong/Getty ImagesThe family of former Education Secretary Betsy DeVos invested nearly $100 million in Theranos after a marathon meeting with the biotech startup’s founder Elizabeth Holmes, a director of the billionaire’s family office testified on Tuesday.Lisa Peterson, who manages private equity investments for the DeVos clan’s RDV Corporation, told jurors at Holmes’ California wire fraud trial that she and members of the Michigan-based dynasty flew to Silicon Valley in 2014 to meet Holmes
(Bloomberg) -- Most Read from BloombergA Deep Dive Into Squid Game's World of InequalityHamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaMeet Six People Fighting Water Scarcity Across the GlobeThe Coming Electric Car Disruption That Nobody’s Talking AboutThe growing clamor for Robinhood Markets Inc. to add the Shiba Inu coin to its platform is helping boost the cryptocurrency to record highs.The SHIB token, as it’s known, has risen 13% in the past 24 hours, according to data from C
The three companies each nudged out other reliable payers offering lower yields to take spots in New Constructs' model portfolios of dividend stocks.
I’m 53, my wife is 54. Our $1.4 million retirement nest egg is 100% in equities and crypto. What should I do now for retirement?
It sounds like you have definitely kept retirement at the forefront of your financial planning and it will absolutely pay off in the future! The first thing I noticed about your letter was your asset allocation. At the same time, however, you do need to have some sort of protection in your asset allocation.
LONDON (Reuters) -Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories increased unexpectedly last week in the United States, the world's largest oil consumer. Brent oil futures fell $1.01 cents, or 1.2%, to $85.39 a barrel by 1050 GMT after closing at the highest level in seven years on Tuesday. West Texas Intermediate (WTI) futures were down $1.19, or 1.4%, at $83.46 after gaining 1.1% in the previous session.
TSMC Founder Considers Washington's $52B Chip Rebuilding Plan Unfeasible; Questions Intel's Intentions
Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) founder Morris Chang for the first time directly and publicly questioned Washington's efforts to rebuild semiconductor manufacturing despite TSM's move to build an advanced chip facility in the U.S. state of Arizona, Nikkei Asia reports "Even after you spend hundreds of billions of dollars, you will still find the supply chain to be incomplete, and you will find that it will be very high cost, much higher costs than what you currently have,"
DEEP DIVE The shortage of microchips might prompt an investor to believe that these are golden times for semiconductor manufacturers because high demand and limited supply can combine for higher prices and rising profits.
If you have retired from full-time work, or will soon, it’s important to have enough liquid assets to keep you from drawing down your portfolio in times of market turbulence. “It keeps you calm and steady in times of market volatility,” says Daniel Lee, director of financial planning and advice at BrightPlan, a financial wellness benefit provider based in San Jose, Calif. “The cash protects your investment portfolio from having to sell something at an unfavorable time.” There are actually two types of funds to help you stay financially secure: a rainy-day fund and an emergency fund, the first smaller than the second.
Apple's (AAPL) fourth-quarter fiscal 2021 earnings are expected to have benefited from strength in Services and strong sales of the 5G-enabled iPhone 13.
- Insider Monkey
In this article, we examine Jim Cramer and Cathie Wood’s portfolio management strategies. We also reviewed 10 stocks Jim Cramer and Cathie Wood love the most. You can skip our detailed discussion and jump directly to 5 Stocks Jim Cramer and Cathie Wood Love The Most. CNBC’s Jim Cramer, who dubs Ark Invest’s top stock […]