Energy stocks are resilient long-term investments because countries will constantly need more energy to feed their people, support their infrastructure, and power their businesses. But energy stocks are also cyclical — and they can burn investors who hop aboard at the wrong time.
That said, the energy market’s current growth cycle is far from over.
» Read more about: The Smartest Energy Stocks to Buy With $1,000 Right Now »
Chicago Federal Reserve president Austan Goolsbee cautioned Wednesday that amid expectations for an AI-led boom, if massive business investment and consumer spending occur before actual higher productivity shows up, the economy could overheat and the Fed might need to raise interest rates.
“It’s not at all obvious that the Fed would need to lower rates in that case.
The Dow Jones Industrial Average returned above 50,000 on Wednesday, restoring a milestone not seen since the now-former Attorney General Pam Bondi touted the index’s performance during a heated hearing about the Trump administration’s handling of the Jeffrey Epstein files.
“The Dow is over 50,000 right now,” Bondi said during sworn testimony over the Justice Department’s investigation into Jeffrey Epstein.
The war in Iran has sent crude oil — and therefore gasoline — prices surging. On Wednesday, the national average price for Americans to fill up their cars was $4.53 per gallon, per AAA.
How those price hikes are affecting Americans is split along the K-shaped dynamic bisecting the overall US economy right now,
» Read more about: The 'K-shaped economy' has shown up at the gasoline pump »
Still, Bitcoin faces resistance near the $82,000 to $84,000 zone. Daan Crypto Trades said the area matches key moving averages and earlier market levels.
“Acceptance higher can lead to a further bounce back into the $90Ks,” he said. However, he also noted that rejection could keep Bitcoin rangebound, with $80,000 acting as a ceiling.
Signals from Omaha are clear: While the face of the company has changed, the commitment to capital preservation and long-term value remains the bedrock of the Berkshire model.
Wearing a purple sweater instead of his signature suit,
» Read more about: Berkshire After Buffett: A New CEO With Lots of Cash »
Covered call strategies are gaining attention as investors search for ways to generate portfolio income while maintaining exposure to technology, artificial intelligence and innovation themes.
» Read more about: Hot Picks: Covered calls for volatile AI and tech stocks »
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Space funds are seeing record inflows as investors seek to benefit from SpaceX’s near one and a half trillion dollar anticipated listing.
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Joining me now is Todd Rosenbluth, Head of Research at TMX Vetify for this week’s ETF report brought to you by Pimco.
» Read more about: The space ETFs prepping for liftoff ahead of SpaceX IPO »
This article first appeared on GuruFocus.
Tesla (NASDAQ:TSLA) board director Kathleen Wilson-Thompson sold about $9.98 million worth of shares on April 30 through multiple transactions conducted under a pre-set trading arrangement.
Tesla (NASDAQ:TSLA) The transactions were tied to previously exercised options and executed at varying prices,
» Read more about: Insider Alert: Tesla Director Offloads Nearly $10 Million in Stock »