Author: franperez66q@protonmail.com
Airline chiefs grapple with fuel shock, fare test at Rio summit Source link
We’re buying 100 shares of Intel at roughly $103 each. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 500 shares of INTC, increasing its weighting in the portfolio to 1.3% from 1.06%. We’re nibbling on some more Intel, whose stock was under pressure in a sharp semiconductor selloff. Intel dropped 8% as the tech-heavy Nasdaq sank more than 2.5%. The broader market S & P 500 was down over 1.5%. At around $103, the stock has pulled back about 20% from its May 11 closing high of just over $129. We added this chipmaker to the Trust on Wednesday,…
Rosneft Chief Executive Igor Sechin said on Saturday that U.S. energy companies were the main beneficiaries of the closure of the Strait of Hormuz and that Washington was trying to change the fundamental contours of the global energy markets to suit U.S. interests. Iran blockaded the Strait, the main route for about a fifth of world oil supplies and other vital goods including fertilisers, after the United States and Israel attacked Iran and killed Supreme Leader Ayatollah Ali Khamenei in February. The U.S. has blockaded Iranian ports. The closures of the Strait has rattled global markets, sending oil prices to…
Explainer-Why SpaceX faces a longer wait to join S&P 500 Source link
On Thursday, President Donald Trump announced his administration’s latest attempt to prop up the US coal industry during an incoherent press event that randomly oscillated between energy issues and Trump’s fixation with building and renovating monuments in DC. The energy portion of the events was also frequently disconnected from reality. “Today we’re taking historic action to bring down the price of energy and the cost of living for all Americans with the power of clean, beautiful coal,” said Trump, apparently unaware that coal is one of the most expensive means of generating electricity in the US. With wind and solar…
Senate Majority Leader John Thune (R-SD) talks to reporters outside his office at the beginning of the legislative week at the U.S. Capitol on June 1, 2026 in Washington, DC. Chip Somodevilla | Getty ImagesThe U.S. Senate handed President Donald Trump a victory early Friday morning, passing a bill that would provide the Department of Homeland Security with an additional $70 billion for immigration enforcement and sending it to the House of Representatives for final consideration.The Senate voted 52-47 to approve the legislation, with no support from Democrats and no provision to ban a $1.8 billion “anti-weaponization” fund that could…
Musk’s SpaceX IPO jolts life back into European retail investing Source link
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Stocks fell on Friday as investors digested the May jobs report and volatility in the tech sector. The tech-heavy Nasdaq retreated 1.7% while the S & P 500 dropped nearly 1%, putting the broad-based index on pace for a weekly decline after a streak of nine consecutive weekly gains. Non-farm payrolls in May rose by 172,000, more than the consensus estimate, while unemployment held steady at an expected 4.3%. In response, Treasury yields climbed…
Gold is at a technically precarious juncture, and the good news for you is that options market may be mispricing the risk.The metal is hovering near its 200-day moving average while simultaneously testing the 50% Fibonacci retracement of its prior advance, a confluence that technical traders don’t take lightly. Compounding the bearish setup, several momentum and trend indicators have rolled over: DMI, along with triangular, weighted, and exponential moving averages, are also all pointing lower. The macro backdrop isn’t offering much of a counterargument. Inflation stemming from the conflict in Iran is raising the specter of a more hawkish Fed pivot.…
Marvell to join S&P 500 after AI boom helps chipmaker pass profitability test Source link