Apple is the stock to own during the Russia-Ukraine market volatility and its new 5G iPhone SE showcases its status as a haven for investors, Wedbush says
Matthew Fox Tue, March 8, 2022, 12:32 PM·2 min read An Apple shop in Istanbul, Turkey.Dilara Senkaya/Reuters Apple is the defensive tech stock to own as Russia’s invasion of Ukraine adds volatility to the market, according to Wedbush. Wedbush highlighted Apple’s the budget iPhone SE as a new demand driver for the largest company in the […]
3 reasons the US economy should be just fine despite inflation and Russia’s invasion of Ukraine
Business Insider 3/8/2022 Inflation is increasing and the US might see slowed economic growth from Russia’s invasion of Ukraine. But the US is well-positioned to keep booming, markets reporter Sam Ro said in his newsletter. A strong jobs market and excess savings should keep the economy going. Inflation and Russia’s war with Ukraine are disrupting […]
EU to phase out Russian gas, oil, coal imports – leaders’ draft
BRUSSELS, March 7 (Reuters) – European Union leaders will agree at a summit this week to phase out the EU’s dependency on imports of Russian gas, oil and coal, a draft statement showed, marking a turning point in its policy towards Moscow prompted by Russia’s invasion of Ukraine. EU leaders will meet in Versailles on […]
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 […]