imaginima/E+ via Getty Images OPEC is “back in the driver’s seat” as the world’s top swing oil producer while U.S. shale growth has slowed, Hess (NYSE:HES) CEO John Hess said Thursday. Hess told an investor conference in Miami that he sees U.S. oil production reaching ~13M bbl/day in the next few years before leveling off, … Read more
(Bloomberg) — Stocks swung between gains and losses, and Treasuries rose as geopolitical worries from Europe fueled a move away from risk assets. Most Read from Bloomberg The S&P 500 oscillated after wiping out a gain of more than 1% as a spokesman for Poland’s government said the nation’s national security had convened a meeting. … Read more
Why are tech companies freezing their hiring process and laying off their employees? How has the new app tracking feature by Apple led to the sacking of employees? The story so far: Reports of Twitter cutting half of its staff globally, and almost all in India, a week after Elon Musk took the reins of … Read more
National and state-level Republicans are engaged in a coordinated legal effort to disqualify thousands of absentee and mail-in ballots in key battleground states ahead of Election Day, a mass voter suppression campaign that—if successful—could swing the results of close races. In states such as Pennsylvania and Wisconsin, right-wing organizations and Republican groups animated by former President … Read more
Three sitting and former presidents will descend on Pennsylvania on Saturday, as Democrats and Republicans lean on political heavyweights to sell their messages days before an election that will determine the shape of Congress for the next two years. Opinion polls suggest Republicans are poised to regain control of the House of Representatives following Tuesday’s … Read more
jetcityimage Amazon (NASDAQ:AMZN) opened with a 11.55% drop on Friday and saw its market cap dip back below the one trillion dollar level. The e-commerce giant’s forecast for the lowest level of holiday sales growth in its history rattled investors and could have implications for the retail sector as a whole. During the AMZN earnings … Read more
imaginima/E+ via Getty Images President Biden confirmed Wednesday he will authorize the release of another 15M barrels of crude oil from the U.S. Strategic Petroleum Reserve and may make further oil purchases and withdrawals in an effort to target a “good price” for oil producers and consumers. The administration will seek to repurpose the SPR … Read more
CNN — President Joe Biden kicked off a four-day western swing Wednesday by traveling to Camp Hale in Colorado to designate a World War II training ground site as a national monument and move to pause new mineral, oil and gas leasing in the protected area. The President signed a proclamation establishing the 53,804-acre Camp … Read more
The year 2022 hasn’t been the kindest for investors. Not so for many commodity stocks like STLD stock. They have been ripe for swing trading, but it hasn’t been easy lately. Accelerating sector rotations have made progress challenging. X Swing Trading Example: STLD Stock With regard to commodity stocks, consider this: Roughly 15% of IBD’s … Read more
Down a residential alleyway where telenovela soap operas vie for attention with barking dogs, Vitoria Carolina has a disheartening message for Brazilian president Jair Bolsonaro and his re-election campaign. The unemployed 23-year-old is glad of a recent increase in welfare payments for the country’s poorest, a crucial target demographic for the far-right populist. But she … Read more