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This gets me up each morning
What’s the reason you wake up and trade each day? Having a reason to get up and get after it helps keep me focused on the task at hand and often helps me from taking monster losses. Each day, I tell myself, I want to keep as much money as…
Nvidia short sellers get scorched further, racking up $2.2 billion in paper losses Thursday
It’s been a brutal year for those betting against Nvidia Corp.’s stock, and the pain got worse Thursday. Short sellers incurred $2.2 billion in mark-to-market losses on their Nvidia NVDA, +2.54% positions in Thursday’s session alone, according to data from S3 Partners, as Nvidia shares ran up 24% in the…
The price of one Memorial Day barbecue essential has soared 28% since last year. It’s not meat or vegetables.
If you plan to barbecue this weekend, here’s some good news: You’ll get slightly more beef for your buck. However, unless you want to eat your burger plain, you’ll need to shell out more dough for condiments and buns. A new study from data-analysis company Datasembly found that barbecue staples…
Is the U.S. stock market closed on Memorial Day?
The U.S. stock market is closed on Monday, May 29 for Memorial Day, as is the bond market, but the trading session for bonds also ended early Friday at 2 p.m. Eastern, ahead of the long holiday weekend. Investors have been glued to developments on the U.S. debt-ceiling impasse in…
‘Embrace momentum’: Stock-market traders learn key lesson from AI tech surge
A mind-blowing Thursday surge by shares of chip maker Nvidia Corp. that fed a frenzy for artificial-intelligence stock market plays reinforces a cardinal rule for traders, said a technician at a top Wall Street research firm. “Yesterday’s move in NVDA was one for the record books,” said Kevin Dempter, analyst…
GT Stock Price | Goodyear Tire & Rubber Co. Stock Quote (U.S.: Nasdaq)
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Supreme Court restricts EPA again, ranks individual property rights over clean water
The Supreme Court on Thursday limited the Environmental Protection Agency’s authority to police water pollution, ruling that the 50-year-old Clean Water Act should not allow the agency to regulate overflow into some wetlands near bodies of water. The ruling comes down in favor of individual property rights over what previous officials…
AI stock moves have ‘clearly been extreme,’ but the ‘kicker’ they provide prompts Citigroup to upgrade U.S. equities
Citigroup strategists has raised their recommendation on U.S. equities to neutral from underweight as recent advances in artificial intelligence (AI) boosts tech shares, while signs that the Federal Reserve is nearing the end of its interest rate-hiking cycle are also expected to drive U.S. stocks outperformance. While price moves for…
Here’s what’s in the emerging debt-ceiling deal — such as a cut to the IRS
President Joe Biden’s team and House Speaker Kevin McCarthy’s deputies are nearing a deal that would raise the U.S. debt ceiling and avoid a market-shaking default, though getting it through Congress quickly could prove tricky. McCarthy has said he’ll follow a rule to post any bill for 72 hours before…