The yield on the benchmark 10-year Treasury note started the week on a tear, jumping to 2.99 percent and toying with the key 3 percent level that could trigger a reaction across global financial markets.
U.S. equities drifted lower in quiet trading on Monday, an anticlimactic start to the week after Friday’s trading nearly took the Dow Jones Industrial Average over the 20,000 threshold. Although the bulls came within one point of the hurdle there was simply no follow through today.
In the end, the Dow lost 0.4%, the S&P 500 Index dropped 0.4%, the Nasdaq Composite wafted....More>>>
August Soybeans are trading at 1087 3/4, down 13 3/4 cents/bushel. September Soybeans are trading at 1070 3/4, down 14 cents/bushel. November Soybeans are trading at 1061, down 12 1/4 cents/bushel. August Soymeal is trading at 378.5 down 4.9 $/ton. August Soybean Oil is trading at 30.34, down 0.02 cents/lb.
Soybean futures are trading lower during early trading Thursday morning after....More>>>
Shale oil producer Whiting Petroleum (NYSE:WLL) is all set to benefit from an improvement in oil prices going forward as the company has managed to reduce its losses even in a challenging environment due to its cost control. In fact, driven by its focus on reducing costs, Whiting was recently upgraded by Stifel to “Buy” from “Hold” with a price target of $15. This implies....More>>>
Cobalt International Energy (NYSE:CIE) has been on a seemingly never-ending slide. After plunging 77.3% in 2016, the offshore oil developer picked up right where it left off in 2017, falling another 22.8% last month. While the company released some good news last month, investors continue to focus on its precarious financial position.
The Dow Jones Industrial Average plunged about 240 points and the S&P 500 dropped 1.2% with financials falling over 2.5%. I think the selloff was due to concerns about Trump’s policies not having the magical effects the markets are counting on. I also think it had a lot to do with Rep. Kevin Brady’s....More>>>
If you want to make big gains in the market, you need to invest in growth. Just consider the gains you could have made during the U.S. consumer boom in the 1950s… From 1950 to 2015, U.S. gross domestic product (GDP) per capita rose 690%, adjusted for inflation. During that time, the S&P 500 soared 11,700% (not including reinvested dividends). Over the course....More>>>
Wall Street, it seems, is excited about the future of Seadrill Ltd (NYSE:SDRL), one of the world’s largest offshore drillers, thanks to the recent surge in oil prices to more than $50 a barrel. Mr. Market is hoping that a high oil price environment could solve Seadrill’s problems.
Seadrill is one of the world’s largest offshore drillers, commanding the world’s....More>>>
Last night, the world celebrated the sun completing one more revolution around the Earth. Despite the similarity of this point in the sun’s revolution to anything other point, people sat down, reflected on the past year, and made decisions for the future. One group that has been hit harder than many other this past year is oil companies. After peaking at more than $100....More>>>
Airbus SE Chief Executive Officer Tom Enders sketched out the company’s plans for the next generation of European fighter aircraft and warned that Brexit means the U.K. could miss out on future production.
Airbus’s German operation is working with French warplane specialist
Kanye West, the headline-grabbing entrepreneur and rapper, shared with his 14.9 million Twitter followers this weekend just how much he loves his Tesla. He even garnered the attention of Tesla Inc. (TSLA) CEO Elon Musk, who returned the love in retweet form and reignited the "bromance" be