Citi upgrades tech and U.S. stocks, names firms exposed to Russia that look ‘vulnerable’
PUBLISHED THU, MAR 3 20226:27 PM EST Katrina Bishop@KATRINABISHOP Citi has upgraded the tech sector and U.S. stocks more broadly, as it assesses which assets will benefit — and which look vulnerable — to the ongoing market volatility. Russia launched an invasion of its neighbor Ukraine over a week ago, and fighting continues to rage in the north, […]
EU pledges to cut Russian gas imports by two-thirds before the end of the year
The European Union on Tuesday presented a new plan to reduce its dependency on Russian energy, amid Moscow’s invasion of Ukraine, sky-high prices and a potential embargo of Russian crude. The European Commission, the executive arm of the EU, wants to cease its buying of fossil fuels from Russia before 2030. And it has now presented […]
Biden says U.S. will ban Russian oil imports in response to Putin’s invasion of Ukraine
President Joe Biden on Tuesday announced that the U.S. will ban imports of Russian oil, a major escalation in the international response to Moscow’s invasion of Ukraine. The move came as Western-allied nations work to sever Moscow from the global economy to punish Russian President Vladimir Putin for his unprovoked aggression. “Today I am announcing the […]
Top Goldman strategist says the market could be oversold, sees room for ‘reasonable returns’
PUBLISHED SUN, MAR 6 20226:44 PM EST CNBC A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange. Brendan McDermid | Reuters LONDON — Risk indicators suggest that the stock market could be due for a rebound, according to Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer. Global […]
Citi upgrades tech and U.S. stocks, names firms exposed to Russia that look ‘vulnerable’
Citi has upgraded the tech sector and U.S. stocks more broadly, as it assesses which assets will benefit – and which look vulnerable – to the ongoing market volatility.
Biden Called to Unleash Shale to Counter Deepening Energy Crisis
Thursday, March 3, 2022 09:00 PM By Kevin Crowley, Sergio Chapa and Jennifer A. Dlouhy API says U.S. needs “clear and consistent” energy policy Oil could reach a record $185 a barrel by year-end: JPMorgan (Bloomberg) — The chorus is growing from America’s oil executives for President Joe Bidento throw the federal government’s weight behind an industry he once deliberately […]
For Warren Buffett, Apple is his new Cola-Cola as the investing icon reaps $100 billion in six years
PUBLISHED THU, MAR 3 202212:11 PM ESTUPDATED THU, MAR 3 20223:40 PM EST Yun Li@YUNLI626 Billionaire Warren Buffett says he drinks five Cokes a day. Bloomberg | Getty Images Warren Buffett’s recent success from his massive Apple bet is spurring comparisons with the legend’s greatest investment of all time — Coca-Cola. Berkshire Hathaway began buying Apple’s stock in […]
U.S. factory orders growth beats expectations in January
WASHINGTON, March 3 (Reuters) – New orders for U.S.-made goods increased more than expected in January, pointing to continued strength in manufacturing despite supply challenges. The Commerce Department said on Thursday that factory orders rose 1.4% in January. Data for December was revised sharply higher to show orders gaining 0.7% instead of falling 0.4% as […]
Impact of Russia Ukraine Conflict
Shared with the permission of Goldman Sachs research: The Russia-Ukraine situation remains in flux, with recent escalations as Russia recognized two eastern territories in the Ukraine as independent states and authorized military forces in the regions. The main questions remain how far and how quickly into Ukraine these Russian troops will go, and what […]
These tech stocks are the safest bets amid market sell-off on Russia-Ukraine invasion, Wedbush says
PUBLISHED THU, FEB 24 202210:08 AM ESTUPDATED 4 MIN AGO Annie Palmer Wedbush Securities analyst Dan Ives said Thursday investors should look to large-cap technology stocks and cybersecurity vendors amid the market sell-off driven by Russia’s invasion of Ukraine. Global markets reeled Thursday as investors sought out safe havens, sending stocks lower and pushing up […]