Oil futures fell sharply Monday after a three-day weekend, with weakness attributed to concerns over the decision by the Organization of the Petroleum Exporting Countries and its allies to ease output curbs, along with indications more supply from Iran is making its way to market. West Texas Intermediate crude for …
Read More »Homebuyer competition is fiercer than ever, despite rising mortgage rates
With home prices skyrocketing, any rise in rates knocks even more potential buyers out of the running, and yet somehow the housing market is more competitive than ever, according to CNBC. The rate is the same now as it was a year ago. The difference from a year ago, however, …
Read More »FA Center: Why inflation makes holding bonds for the long run riskier than owning stocks
How long is the long term in the bond market? Would you believe 57 years? That’s how long you must be prepared to own U.S. government bonds if you want to be assured of not losing to inflation. This depressing statistic comes from the just-released 2021 edition of Credit Suisse’s …
Read More »Market Extra: 5 reasons why negative repo rates are different than the last overnight-funding crisis
It was a big deal in September 2019 when overnight-lending “repo” rates suddenly spiked as high as 9%, raising concerns on Wall Street and at the Federal Reserve to step in to avoid a potential crisis in a key financing cog of global finance. Now, some 17 months later, pretty …
Read More »The Tell: Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst
Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009. Read: Why did Tesla buy bitcoin? However, early estimates from prominent technology analyst Dan Ives sees the investment by the electric-vehicle maker, headed by outspoken …
Read More »If Trees Could Speak, These 10 Would Tell More Than a History Book
Connecting the earth and the sky, the trees are not only essential to human survival and thriving, but are ever-fascinating through their mysterious resilience, longevity, and often size. Trees are unable to change their place and to defend themselves like a walking creature would; yet, a tree can live up …
Read More »Why Renting a Property Is Better Than Buying It
We have been told from a very young age that we need to start saving so we can buy a home of our own. Owning your own property is the dream of many people, but when you think about it, and you have to put yourself through 30 to 35 …
Read More »: GameStop stock retreats from record gains after more than half of short positions eliminated
GameStop Corp. shares sank further in the extended session Monday following the stock’s retreat from a record weekly gain, after one noted analyst said more than half of the short positions on the stock had been eliminated. GameStop GME, -30.77% shares fell as much as 35% in Monday trading, and …
Read More »: Plug Power CEO makes more than $36 million from stock trades
Plug Power Inc. disclosed stock trades made by Chief Executive Andrew Marsh earlier this week, in which he netted more than $ 36 million. Marsh purchased a total of 573,268 shares of Plug stock on Jan. 19 at a weighted average price of $ 2.8764, according to a MarketWatch analysis …
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