The war with Iran was expected to last four or five weeks, but Tehran’s reaction—a blockade of the Strait of Hormuz, the waterway through which a fifth of the world’s oil passes—has triggered a surge in energy markets. U.S. President Donald Trump insists the attacks will soon cease, but he is asking allies for help in securing this strategic Middle Eastern passage,
By CHRISTOPHER RUGABER, AP Economics Writer
WASHINGTON (AP) — A key question hangs over the Federal Reserve’s two-day meeting that ends Wednesday: Will central bank policymakers still reduce short-term interest rates this year, now that the Iran war has sent oil prices higher and gas prices spiking?
Energy stocks can be great for dividend income. The global economy needs oil, gas, and electricity around the clock, so the companies in this space are always humming. However, the energy industry can be highly volatile at times, and the ongoing war in the Middle East is a prime example.
Oil and gas prices can fluctuate,
» Read more about: 4 Dividend Energy Stocks to Buy in March »
NVIDIA Corporation (NASDAQ:NVDA) is one of Jim Cramer’s latest stock calls as he discussed the bullish AI investment thesis amid the Iran conflict. Cramer highlighted the company CEO’s keynote speech at the company’s GTC event, as he remarked:
Let’s call it a quasi off switch… a pause button that shocked the pessimists and just created a huge wave of stock buying.
Cathie Wood, chief of Ark Investment Management, doesn’t give up on her favorite stocks easily.
That’s what she just did, buying one of her top holdings that’s down 15% year-to-date.
Wood gained a reputation after the flagship Ark Innovation ETF (ARKK) delivered a 153% return in 2020.
» Read more about: Cathie Wood buys $2 million of tumbling AI stock »
For many seniors, retirement doesn’t mean disappearing from the workforce entirely. Some people want to retire and still work part-time, while others must keep working into their traditional retirement years out of financial necessity.
Earning a paycheck is typically not a bad thing for seniors, but things can get tricky because work can affect your Social Security benefits in certain situations.
Macy’s (M) posted better-than-expected fourth quarter earnings results as the department store chain heads into the third year of its turnaround strategy, called Bold New Chapter.
Adjusted earnings per share for the holiday quarter came in at $1.84, above the $1.54 the Street estimated,
Allspring Global Investments is a U.S.-based asset management company that has rapidly evolved into a major global player in mutual funds and active investment strategies. Headquartered in Charlotte, NC, the firm was spun out of Wells Fargo in 2021 and now operates as an independent investment manager.
The company manages roughly $630 billion in assets under management (AUM),
» Read more about: 3 Allspring Mutual Funds to Support Your Wealth-Building Strategy »
Elon Musk has thrown his weight behind a ruthless proposal by Warren Buffett to ‘fire’ Congress if they fail to balance the books, as the US national debt officially breached the $39 trillion (£30.7 trillion) mark this week.
With the debt now growing at a staggering $7.2 billion (£5.7 billion) every single day and currently stands at $38.86 trillion,
U.S. wholesale inflation unexpectedly accelerated in February from a month earlier, reflecting higher costs for goods and services prior to the war in Iran.
The producer price index rose 0.7% after a 0.5% gain in the prior month, according to Bureau of Labor Statistics data out Wednesday. An underlying gauge of wholesale inflation that excludes food and energy increased 0.5%.