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Latest Economy News
[CNN Business] The bond market just flashed a warning sign that has correctly predicted almost every recession over the past 60 years: an inversion of the US Treasury note yield curve. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future […]
[Fox Business] Housing market ‘staring into face of a perfect storm’: Jerry Howard National Association of Home Builders CEO Jerry Howard warned consumers Friday the housing market is currently “staring into the face of a perfect storm” and argued that is a “bad sign” for the American economy. “Our own Wells Fargo NAHB […]
[CNN Business] London(CNN Business)Russia is breaking market rules left and right as its financial isolation deepens. The latest: Russia’s stock market reopened on Thursday after it was shuttered for a month. Under normal circumstances, there wouldn’t be much demand for shares in Russian companies considering they do most of their business in an economy that […]
[SmartAsset, iStock Photo] We all know that only two things in life are truly certain: death and taxes. But just because taxes are an inevitable part of our society doesn’t mean you can’t limit how much you pay to Uncle Sam. Taxes on capital gains can eat up a significant portion […]
[Business Insider, Morningstar] Jeremy Grantham suggested Russia’s attack on Ukraine could lead to a multiyear “Super Cold War.” Wars aren’t bad for stock markets, and they have led to technological improvements, the GMO co-founder said. There are trillion-dollar innovative opportunities in nations overcoming their reliance on Russia, he suggested. Jeremy […]
[Benzinga] Camber Energy Inc CEI+1.56%, Indonesia Energy Corp Ltd INDO+2.44%+ and Imperial Petroleum Inc IMPP shares are all trading higher Monday amid continued momentum and an increase in the price of oil. Shares of smallcap penny stocks are also trading higher in recent sessions on heavy volume. Energy names have been volatile amid the Russia-Ukraine conflict, […]
[GO Banking Rates, iStock] Housing data released this week confirmed what many industry watchers already knew: Home prices in the U.S. have been rising at their fastest rate in decades, and there’s every reason to believe prices will continue pushing higher in the months to come. That trend, combined with an expected […]
[CNN Business] With Russia’s internationally condemned invasion of Ukraine, one thing is certain: No one knows exactly how things will play out. So far that disturbing uncertainty hasn’t sent markets into a sustained tailspin. US stocks took a hit the week of the invasion, but have since recovered some of those losses. But the market […]
[CNBC, Getty Images] The London-listed stocks of Russian companies have plummeted since the invasion of Ukraine and ensuing crippling economic sanctions on the country’s businesses, institutions and individuals by the U.S. and its western allies. Sberbank was down 99.72% year-to-date to trade for around a single penny before the suspension, […]
[CNBC, Reuters/Getty Images] Brent crude futures rallied to $116.83 a barrel, the highest since August 2013. The contract was at $116.60 a barrel, up $3.67 by 0112 GMT. U.S. West Texas Intermediate crude was at $113.01 a barrel, up $2.41 after touching a fresh 11-year high of $113.31 a barrel. […]