Good MorningThe equity market rebound on Wednesday, with the S&P 500 gaining more than 2.0% at the peak of the session. The move was sparked by good news in the bond markets that may be misplaced. The Bank of England says it will purchase bonds in whatever scale is necessary to stabilize the currency, which is good news for England. The risk for US investors is the FOMC will not be buying bonds anytime soon, and US interest rates are still on the rise.
Another driver of market action on Wednesday was a surprise draw in US crude and gasoline stockpiles ahead of Hurricane Ian. Ian has about 11% of the US production shut down, which will have an appreciable effect on supply and prices going forward. The takeaway is the decline in fuel prices that began in early June may be over. If oil prices begin to rise again, investors and consumers should brace for another systemic increase in inflation. Featured: 4 Bear-Proof Stocks (PTR) 
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Markets | | | It’s not very typical these days to find a stock like International Seaways (NYSE: INSW), which boasts these eye-popping returns:
1 month: +17.69%
3 month: +62.69%
Year-to-date: +139.17%
The New York-based company is a marine transporter of crude oil and other petroleum products. It&rs... Read the Full Story |
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Politics | | | Asian stock markets followed Wall Street higher Thursday after Britain's central bank moved forcefully to stop a budding financial crisis.
Market benchmarks in Hong Kong, Seoul and Sydney added more than 1%. Shanghai and Tokyo also rose. Oil prices edged lower after jumping by more th... Read the Full Story |
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Politics | | | European stocks tumbled Thursday and Asian markets were mixed after British Prime Minister Liz Truss defended a tax-cut plan that rattled investors.
London's market benchmark plunged 2.3% and Frankfurt lost 1.9% in early trading. Shanghai and Hong Kong also declined. Tokyo and Seoul a... Read the Full Story |
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Stocks | | | What do autumn leaves and recent stock prices have in common? Yep, both are falling.
Corny jokes aside, things seem to be getting worse for U.S. equities. The British pound just hit an all-time low against the dollar and companies are warning about weakening economic conditions.
With September liv... Read the Full Story |
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Markets | | | Frequently in life, timing is everything. That’s the thought that comes to mind when I look at the earnings report from United Natural Foods (NYSE:UNFI).
The distributor of natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Can... Read the Full Story |
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From Our PartnersEverything is lining up perfectly for a historic gold bull run. One gold research firm says they’ve found the best way to get in, for less than $10. MORE here… | | | | Click here for full details. |
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Tech | | | Standing on the deck of an American destroyer at a naval base here on Wednesday, Vice President Kamala Harris directly challenged China by accusing it of “disturbing behavior” and “provocations” around Taiwan.
Harris said the United States would in response “deepen our unofficial ties... Read the Full Story |
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Healthcare | | | Hospital and healthcare facilities operator HCA Healthcare (NYSE: HCA) stock has fallen (-25%) this year underperforming the payors. Apparently, not all healthcare stocks are a safe haven in a falling market fueled by recession fears. The payors including health insurance companies like Humana... Read the Full Story |
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Tech | | | Shares in luxury carmaker Porsche AG rose on their first day of public trading after German parent company Volkswagen raised 9.4 billion euros ($9.1 billion) for one of the largest initial public offerings in European history.
Shares traded at 85.68 euros on the Frankfurt Stock Exchan... Read the Full Story |
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Markets | | | Mullen Automotive (NASDAQ: MULN) is gearing up for production of its flagship FIVE SUV crossover which could be the next big thing in the EV world. Its cars are not only attractive but fast and it has its fingers in more than one market including sports cars, final mile delivery, and battery techno... Read the Full Story |
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Politics | | | Florida's property insurance market was already in peril. Now comes Hurricane Ian.
The massive storm that barreled into southwest Florida delivering catastrophic winds, rain and flooding is likely to further damage the insurance market in the state, which has strained under billion-d... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Zhihu Inc. operates an online content community in the People's Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company offers technology, business support, and consulting services; information transmission, software, and information technology services. It also offers information and marketing services; vocational training; and internet services, as well as holds audio-visual permit. Zhihu Inc. was founded in 2010 and is headquartered in Beijing, the People's Republic of China. | | View Today's Stock Pick |
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