Thanks to the strong recovery of global oil consumption from the pandemic, energy stocks are the top performing market sector of the S&P 500 this year. The commodity price rally has been fueled by the recovery from the pandemic, as well as the limited oil production from OPEC and Russia. These two factors have led
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Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive
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There’s no denying that earnings announcements in October typically mean increased choppiness in equities. But on the other hand, the stock market tends to stage a new leg up in fall and winter months. Soaring consumer spending during the holiday season, including Halloween, Black Friday and Christmas, bring cheer to many stocks to buy. Despite
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In the least surprising news of the month, the Securities and Exchange Commission’s (SEC) 44-page report revealed little about the mania that carried GameStop (NYSE:GME) and GME stock to an all-time high of $483 earlier this year.  Source: Shutterstock / mundissima “[T]he run-up in GME stock price coincided with buying by those with short positions.
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Updated: August 25, 2021 As of today, August 25, 2021, the benchmark 30-Year Fixed mortgage rate is 3.04%, FHA 30-Year Fixed is 2.82%, Jumbo 30-Year Fixed is 3.13%; 15-Year Fixed is 2.32%, and 5/1 ARM is 2.17%. These rates are not the teaser rates you may see advertised online and based on our methodology should
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Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the
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Paysafe (NYSE:PSFE) has been struggling since closing outs its special purpose acquisition company (SPAC) deal. PSFE stock has shed more than 40% of its value since completing the merger with Foley Trasimene Acquisition II in late March of this year. Plus, weak guidance for the third quarter has weakened the stock even more lately. However,
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There is a lot going on right now. Inflation is becoming a concern and the global supply chain has yet to recover from the pandemic, resulting in product shortages. Semiconductors continue to be in short supply, making supply woes worse — especially when it comes to consumer electronics and cars. The federal government is struggling
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