Breaking News: Investing
This fertilizer stock looks cheap after tumble, JPMorgan says
The branded lawn and garden products company is a leader with roughly half of the domestic market share. Source
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Natural gas surges 9% to highest level since 2008 as Russia’s war roils energy markets
A liquefied natural gas tanker berth in Japan, on Dec. 17, 2021. Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would weaken the effectiveness of Western sanctions and benefit Russia, Japan’s industry minister said on Friday. Kiyoshi Ota | Bloomberg | […]
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Paul Tudor Jones says he can’t think of a worse financial environment for stocks or bonds right now
Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Billionaire hedge fund manager Paul Tudor Jones said the environment for investors is worse than ever as the Federal Reserve is raising interest rates when financial conditions have already become increasingly tight. “You can’t think of a […]
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Prime Minister Boris Johnson says the UK will build one new nuclear plant a year
As Europe looks to move away from dependence on Russian energy, U.K. Prime Minister Boris Johnson said nuclear power needs to play a larger role. Nuclear power is “absolutely crucial to weaning us off fossil fuels, including Russian oil and gas,” Johnson said during a visit to England’s Hartlepool nuclear power station on Monday. “Instead […]
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Texas Teachers’ CIO Auby is underweight stocks, says investors should hold cash despite inflation
Auby believes the Federal Reserve’s mandates are “flashing late cycle” even as other signs suggest the underlying economy is doing well. Source
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Goldman Sachs CEO David Solomon says in-person attendance tops 50% after return-to-office push
Goldman Sachs CEO David Solomon’s campaign to summon more of his employees back to the office is a work in progress that could take years, he said. In-person attendance at U.S. offices is between 50% and 60%, down from a pre-Covid figure of roughly 80%, Solomon told CNBC’s David Faber on Monday. That figure is […]
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Citadel’s flagship hedge fund rallied 7% in April during turmoil, brings 2022 returns to nearly 13%
Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Billionaire investor Ken Griffin’s hedge fund wowed the industry with big outperformance in April, overcoming a brutal market rout and extreme volatility. Citadel’s multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%, according to a person familiar with the returns. […]
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Buffett bought more Apple last quarter and says he would have added more if the stock didn’t rebound
Warren Buffett and Charlie Munger at Berkshire Hathaway shareholder meeting, April 30, 2022. CNBC Warren Buffett bought the dip in his No. 1 stock Apple during the tech giant’s sell-off in the first quarter. Berkshire Hathaway’s chairman and CEO told CNBC’s Becky Quick that he scooped up $600 million worth of Apple shares following a […]
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Guggenheim’s Minerd says beaten up fintech, homebuilders are rebound candidates
Some tech stocks are poised for a rebound, while other sectors are set to benefit in an inflationary environment. Source
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Stock futures inch higher after the Nasdaq posts worst month since 2008
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock index futures inched higher during overnight trading Sunday after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, rampant inflation, and underwhelming earnings from some of the largest technology companies. Futures contracts tied to the Dow […]
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