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NEW YORK (Reuters) – U.S. oil production is expected to hit a higher record this year than previously expected, the Energy Information Administration said on Tuesday, even as the agency warned that an oil glut will weigh on prices in the coming months. The Department of Energy’s statistical arm expects U.S. oil production to average…
US stocks saw slight gains early on Monday. The S&P 500 (^GSPC) rose 0.2%, while the Nasdaq Composite (^IXIC) rose 0.1%. The Dow Jones Industrial Average (^DJI) also saw an increase of around 0.5%. These indices are trying to extend the all-time highs they reached last Friday, following an employment report that hinted at a…
We recently published 10 stocks that investors are abandoning. Rocket Companies Inc. (NYSE:RKT) had one of the worst results on Monday. Rocket Companies extended its losing streak to a third straight day on Monday, losing 4.83 percent to close at $16.94 apiece, as investors continued to digest the completion of its $14.2 billion acquisition of…
Bitcoin remains a focal point in financial and political discussions as the White House Crypto Summit approaches. Market speculation is growing over whether the US government will announce a Bitcoin Strategic Reserve, a move that could reshape digital asset policies. Meanwhile, concerns about new tariffs on imports from Canada and Mexico have added to market…
NEW YORK (AP) — The U.S. government shutdown is a sign of caution for private companies rushing to move into the public market. The initial public offering market has been recovering for years after rising inflation slowed activity in 2022. The IPO market is already on track for its best year since 2021 with 163…
US stocks are on track to continue their bullish momentum on Tuesday as investors anxiously await comments from Federal Reserve Chair Jerome Powell. S&P 500 futures saw a modest 0.2% gain, while Nasdaq 100 futures rose 0.4%. Dow Jones Industrial Average futures were relatively stable. The market’s rise has been fueled by signs of an…
Solana, one of the largest cryptocurrencies, has fallen 3% to $146.76 following President Trump’s executive order to establish a national crypto reserve. The announcement initially sparked interest, especially after Trump mentioned Solana as a potential reserve asset in a recent TruthSocial post. However, without a clear plan to buy Solana, Bitcoin or other digital currencies,…
Technical assessment: Bullish in the intermediate term Source link
U.S. stocks showed a modest rebound on Friday, recovering from recent losses fueled by a technology sell-off, as investors closely monitored earnings reports from major Wall Street banks and awaited crucial inflation data. The S&P 500 (^GSPC) rose 0.2%, near its recent high, reflecting stabilization after a brief slowdown sparked by optimism over potential interest…
