US diesel rose above $5 a gallon for the first time since December 2022, the latest sign of surging fuel price pressures menacing the global economy as the war in Iran continues to disrupt energy supplies.
The nationwide average retail price reached $5.044 a gallon on Monday,
» Read more about: US Diesel Tops $5 a Gallon as War Disrupts Supply Chains »
Investors who are hiding out in energy stocks amid the war in Iran shouldn’t get too comfortable.
That’s the message from several corners of Wall Street, including the research desks at Jefferies Financial Group Inc. and Citigroup Inc., as the war-fueled spike in oil prices extends an already market-leading performance by the energy sector.
» Read more about: Jefferies and Citi Spot a Potential Top in Soaring Energy Stocks »
Artificial intelligence is already raising labor productivity and is set to unlock more significant gains in the coming decade, according to Cathie Wood of ARK Investment Management LLC.
Wood, who became a household name by betting on disruptive innovation, said non-farm productivity has risen 2.8% year-over-year, but new AI tools should see this pace pick up to as much as 6% annually.
» Read more about: ARK’s Cathie Wood Says AI Is Already Boosting Productivity »
The stock market appears to be on shaky ground of late, as the S&P 500 (^GSPC +0.25%) and the Nasdaq are both down this year. There appears to be considerable apprehension from investors of late, as there’s plenty of uncertainty around the economy,
» Read more about: Is the Stock Market Due to Crash in 2026? »
Smaller biotech companies with drugs still in clinical trials are what big pharma is trying to buy, with acquisition offers coming in above 60% to 120% of the stock prices, even though companies don’t have drugs on the shelves. For investors who held shares in those acquired companies, that has meant seeing their stock jump by more than half overnight.
» Read more about: Biotech Stocks and Longevity Investing: Trends to Track »
Options are derivatives contracts whose value is derived from an underlying asset, in this case XRP. They give traders the right, but not the obligation, to buy or sell XRP at a s …
» Read more about: XRP hovers near $14 million options battleground that could sway trading »
Stocks edged higher Tuesday as investors weighed rising energy prices against a cautious Federal Reserve.
The Dow Jones finished at 46,993,
» Read more about: Dow closes up as diesel tops $5 a gallon ahead of Fed remarks »
Benchmark indices on Wall Street ended above the flat line on Tuesday, March 17, but significantly off the highs of the session as markets shifted to a wait-and-watch mode ahead of the US Federal Reserve’s interest rate decision later tonight.
The Dow Jones ended 0.2% higher, although it cooled off by over 400 points from the session’s highs.