Sun, December 04, 2022

News

The Optimism of Slowing Interest Rate Only Goes So Far

The Spark of Slowing Interest Rate Only Goes So Far

The all-important jobs report caused a lot of volatility near a key technical level. Traders were looking for indications of the Federal Reserve’s next policy moves. Bond yields fell, and the dollar weakened. A battle erupted near the 200-day moving average of the S&P 500, which some investors saw as signaling that a rally would …

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SpaceX Given Green Light on 7,500 More Starlink Satellites

SpaceX Given Green Light on 7,500 More Starlink Satellites

Elon Musk’s SpaceX received conditional approval from US authorities. This means the green light to build a new large constellation of Starlink satellites subsequently. Shortly, the plan is to make 7,500 spacecrafts. SpaceX was initially known as Space Exploration Technologies Corp. Musk’s closely held firm informed the FCC in May that it had conducted around …

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Stocks Finish Lower in Run-Up to Powell’s Speech

Stocks Finish Lower in Run-Up to Powell’s Speech

Traders Are Pessimistic About the Upcoming Powell Speech Traders were hesitant to make large bets in advance of Jerome Powell’s speech on Wednesday, so stocks cut much of their losses. Gains in energy and financial companies tempered big tech’s decline. Amazon.com’s stock has dropped as the company sells investment-grade debt. The average volume for the …

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oil

Oil Prices Are Rising

Oil Prices Are Rising Oil futures rose on Tuesday, supported by signs that China may relax COVID-19 restrictions following protests that sent crude prices tumbling the previous session. Early on Monday, oil prices dropped sharply. They briefly wiped out their gains from 2022, as protests in China over the country’s stringent COVID-19 restrictions sparked worries …

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Stock Markets Close Lower Due to China's Social Turmoil

Stock Markets Close Lower Due to China’s Social Turmoil

Investors have had a rough ride throughout most of 2022, and Monday was no exception. As markets were impacted by Chinese social unrest over the protracted COVID limits, stock markets dropped. Demonstrations erupted over the weekend in mainland China, and people voiced their displeasure with Beijing’s zero-COVID policy. Earlier this month, Beijing adjusted some policies …

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