Oil prices end at a more than 3-week high after this year’s largest weekly drop in U.S. inventories

Oil prices end at a more than 3-week high after this year’s largest weekly drop in U.S. inventories

Oil futures ended Wednesday at their highest in more than three weeks after the U.S. government reported a more than 12 million-barrel weekly drop in domestic crude inventories — the largest so far this year. The rise in prices came a day after Saudi Arabia’s energy minister warned of pain ahead for short sellers. Some…

Why stocks will struggle to rally until debt ceiling, bank woes in rearview mirror

Why stocks will struggle to rally until debt ceiling, bank woes in rearview mirror

So much for the stock-market climbing the proverbial wall of worry. The S&P 500 index continues to struggle in a tight range and some analysts see little prospect for a breakout until two, very big worries are in the rearview mirror. No surprise, the culprits are the persistent worries about regional U.S. banks following the…

Stanley Druckenmiller warns of U.S. hard landing at Sohn conference

Stanley Druckenmiller warns of U.S. hard landing at Sohn conference

Macroeconomic concerns are piling up, creating heightened uncertainty for investors. “The debt-ceiling debate is really depressing,” said Stanley Druckenmiller, chairman and chief executive of Duquesne Family Office, at the 2023 Sohn Investment Conference held virtually on Tuesday. “I hope we don’t have a technical default,” he said, which would result in a “market event.” Druckenmiller…

The cable guy introduced my 90-year-old stepmother to a new ‘friend,’ and she’s gotten fleeced. Am I legally responsible if she ends up destitute?

The cable guy introduced my 90-year-old stepmother to a new ‘friend,’ and she’s gotten fleeced. Am I legally responsible if she ends up destitute?

Approximately five years ago, my 90-year-old stepmother’s cable guy introduced her to his sister because they were both widows, and he said Mom could help his sister out with her wisdom and experience. The sister is 40 years younger than my stepmother and has a history of opioid misuse and gambling. She moved into my…

U.S. stock futures little changed as first full week of earnings season comes to a close

U.S. stock futures little changed as first full week of earnings season comes to a close

U.S. stock futures on Friday pointed to a quiet end to the first full week of earnings season, amid further signs the U.S. economy is slowing down. What’s happening Dow Jones Industrial Average futures YM00, -0.06% rose 2 points to 33912. S&P 500 futures ES00, -0.05% rose 2 points to 4154. Nasdaq 100 futures NQ00,…

U.S. oil refiners looking at ‘record’ Q1 profits ahead of peak summer season

U.S. oil refiners looking at ‘record’ Q1 profits ahead of peak summer season

U.S. oil refiners are expected to report “record” quarterly profits during a traditionally weak season, analysts at BofA Securities said in a note Thursday, calling it a “golden age of refining.” The analysts on average raised their first-quarter earnings expectations for refiners by 9%, thanks to a “strong finish” for crack spreads, or the difference…

Dow futures flip higher after March jobs report in thin Good Friday trading

Dow futures flip higher after March jobs report in thin Good Friday trading

U.S. stock-index futures turned higher in a holiday-shortened session after a solid March jobs report, though investors won’t fully digest the data until next week with cash trading in equities closed due to the Good Friday holiday. Trading in stock-index futures closed at 9:15 a.m. Eastern. Stock-index futures resume trading at their regular time, 6…

Here are the 20 best performing stocks of March — and the 20 worst

Here are the 20 best performing stocks of March — and the 20 worst

(Updated with closing prices on March 31.) Technology stocks dominated during March, with remarkable gains for a sector that tumbled last year. Meanwhile, two high-profile bank failures took their toll on the financial sector — but maybe that sector performed better than you expected. Below are lists of the month’s best and worst performing stocks…

U.S. stocks open higher helped by tech stocks and calmer mood in banking sector

U.S. stocks open higher helped by tech stocks and calmer mood in banking sector

U.S. stock indexes opened higher Wednesday morning, helped by a rally in China’s technology stocks, slipping Treasury yields, and a calmer mood in the banking sector. How are stock indexes trading On Tuesday, the Dow Jones Industrial Average fell 38 points, or 0.12%, to 32394, the S&P 500 declined 6 points, or 0.16%, to 3971,…

U.S stocks end modestly higher in choppy trade as investors reassess bank stability, Fed rate path

U.S stocks end modestly higher in choppy trade as investors reassess bank stability, Fed rate path

U.S. stocks finished higher in volatile trading on Thursday, clawing back some of the Wednesday’s selloff as investors attempted to shake off concerns about banking-sector stability and the impact of an expected credit crunch. The Dow fell 530 points on Wednesday as Treasury Secretary Janet Yellen’s remark that her department hadn’t discussed blanket protections for…

What happened to Silvergate Capital? And why does it matter?

What happened to Silvergate Capital? And why does it matter?

Silvergate Capital SI, -11.27% served as one of the main banks for the crypto industry, prior to its collapse earlier this week. The news came just a week after the firm delayed its annual report to the U.S. Securities and Exchange Commission, causing shares of the Silvergate Capital to slump. Here’s an overview of the…

Buying stocks is just not worth the risk today, these analysts say. They have a better way for you to get returns as high as 5%.

Buying stocks is just not worth the risk today, these analysts say. They have a better way for you to get returns as high as 5%.

After being written off as irrelevant for much of the past decade, the equity risk premium, a gauge of the potential reward investors might reap from buying stocks, has fallen to its lowest level since 2007. To some, this means U.S. stocks are no longer worth the risk now that investors can reap returns of…

U.S. stocks end mixed, Dow books longest weekly losing streak since September as traders bet on more Fed rate hikes

U.S. stocks end mixed, Dow books longest weekly losing streak since September as traders bet on more Fed rate hikes

U.S. stocks ended mixed Friday, with the S&P 500 and Dow Jones Industrial Average booking modest weekly losses, after hotter-than-expected inflation reports and commentary from Federal Reserve officials spurred investors to bet on more interest-rate hikes by the central bank. How stocks traded The Dow Jones Industrial Average DJIA, +0.39% rose 129.84 points, or 0.4%,…

Stocks end mostly higher, but S&P 500, Nasdaq book worst weekly losses since December

Stocks end mostly higher, but S&P 500, Nasdaq book worst weekly losses since December

U.S. stocks closed mostly up Friday, with the S&P 500 turning higher in late afternoon trading, as investors weighed a report showing improved consumer sentiment and recent warnings from Federal Reserve officials that the battle to tame high inflation isn’t done. Still, the S&P 500 and technology-laden Nasdaq Composite each saw their worst week since…

Electronic Arts stock plunges more than 10% as mobile versions of popular games shelved amid cuts

Electronic Arts stock plunges more than 10% as mobile versions of popular games shelved amid cuts

Electronic Arts Inc.’s earnings and revenue from the prior year were previously incorrect. They have been updated. Electronic Arts Inc. shares plummeted more than 10% in after-hours trading Tuesday, after executives disclosed disappointing forecasts and announced they are delaying an anticipated title and killing off the mobile versions of two popular games, which is expected…