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News
NZ services sector expands for third month as PSI rises to 51.2
15+ hour, 3+ min ago (589+ words) Eyes are not on the kwiwi $ right now: New Zealand's services sector notched its strongest reading since returning to growth, but with sentiment souring and half the sub-indices still in contraction, this looks like a fragile recovery rather than a…...
Globex is open and oil has jumped higher while stocks have slumped.
15+ hour, 24+ min ago (359+ words) --- The week has opened with oil bid on unresolved Middle East risk and stocks on the back foot after OpenAI's IPO retreat added to AI sector caution. Oil gapped higher and equity index futures gapped lower as Globex opened for…...
US stocks rebound sharply, but major indices still close lower for the week
2+ day, 17+ hour ago (381+ words) US stocks finished sharply higher on Friday, snapping a four-day losing streak despite a hotter-than-expected CPI report. Although the inflation data pushed the probability of another Federal Reserve rate hike toward 90%, Treasury yields backed away from their session highs, oil…...
US stocks close lower as rising yields and $100+ oil prices pressure the indices
3+ day, 17+ hour ago (318+ words) US stocks finished lower across the board, pressured by another sharp rise in Treasury yields. The 10-year yield increased 11.8 basis points to 4.9545%, its highest level since October 2023. The rise in borrowing costs weighed particularly heavily on small-cap and technology stocks....
Trading Lesson: Do you need to know a lot about a company to trade their stock?
1+ week, 3+ day ago (1146+ words) I don’t know a lot about Bloom Energy, which trades under the ticker BE. However, thanks to AI, I can quickly learn what the company does, who its customers are, and how its business is performing. That is useful information....
WTI crude oil breaks $100 for the first time since May as markets price a prolonged war
4+ day, 51+ min ago (307+ words) Oil prices are surging as traders price in a prolonged US-Iran conflict, with the prospect of a resolution before November fading. Trump said yesterday that he expects the war with Iran to end immediately after the US midterm elections on…...
Apple stock outlook: Can the foldable iPhone drive new growth?
4+ day, 1+ hour ago (793+ words) Apple unveiled the iPhone Duo on September 9, starting at $1,999 in the U.S., with availability from October 23. Its larger inner display supports using apps side by side. Apple’s announcement The investment argument is straightforward: a noticeably different experience could give customers a…...
Some oil bulls are gonna laugh at this contrarian short trade plan in oil.
4+ day, 2+ hour ago (1013+ words) Some bulls in oil (the mainstream) might get angry with me here. Other (bearish) contrarians are gonna love it. Let's get this party going! Crude oil near $100 is not usually where traders go looking for comfortable short trades. That is…...
The debasement trade is working - just not through Bitcoin
4+ day, 4+ hour ago (912+ words) For many years now, there has been one narrative that Bitcoin has sought to capitalise on. And that is if governments borrow too much, fiat currencies lose their purchasing power and investors will seek refuge in scarcer assets. That is…...
Trump says oil prices won't come down until after the midterms
4+ day, 18+ hour ago (187+ words) Trump says oil prices will come tumbling down after the midterm elections. He said that getting oil down will 'take a little longer' but wil come 'shortly, right after the election, He said gasoline will fall below $2. It hit a…...