ETFs that are beating the energy market

ETFs that are beating the energy market

One niche area of ​​the commodity market — uranium — has been a bright spot over the past month, with its performance outpacing even that of the broader energy sector. Uranium, used as fuel in nuclear power plants, is in the spotlight as countries scramble to wean themselves off Russian energy following the Ukraine war. … Read more

Oil prices ease on possible Iran oil exports, rising interest rates

Oil prices ease on possible Iran oil exports, rising interest rates

An oil pumpjack operating as another stands idle in Los Angeles, California. Oil prices rose in early Asian trade on Wednesday after Saudi Arabia suggested the Organization of the Petroleum Exporting Countries could consider cutting output, though bearish economic signals from central bankers and falling equities weighed. mario tama | Getty Images News | Getty … Read more

How Iran exploited Rushdie’s Satanic Verses

How Iran exploited Rushdie’s Satanic Verses

Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. CNN — Nearly 10 years after he was driven underground, Salman Rushdie believed he was free. The author had been living under heavy security and highest secrecy … Read more

Gold subdued on Fed comments after US inflation data

Gold subdued on Fed comments after US inflation data

Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea on March 2, 2022. SeongJoon Cho | Bloomberg | Getty Images Gold prices eased on Thursday from last session’s one-month peak, weighed down by hawkish policy remarks by US Federal Reserve officials even as data pointed to signs of inflation peaking. Spot … Read more

Oil prices rebound after dropping to lowest in months

Oil prices rebound after dropping to lowest in months

An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States. Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data signaling weak US fuel demand. Tayfun Cosku | Anadolu Agency | Getty Images Oil prices dipped on Thursday as … Read more

Oil prices pushed up by low chances of OPEC+ supply boost

Oil prices pushed up by low chances of OPEC+ supply boost

A worker transports an oil barrel on the Marvel fuel tanker at the Dolphin terminal at Port of Colombo in Colombo, Sri Lanka, on Saturday, July 23, 2022. Oil prices gained about $1 in early trade on Friday, lifted by supply concerns and a weaker US dollar as attention turns to what OPEC and allies … Read more

Buying stocks now could bring you pain over the next few weeks. But you’ll be thanking yourself a year from now, these analysts say.

Buying stocks now could bring you pain over the next few weeks.  But you’ll be thanking yourself a year from now, these analysts say.

How bad is the mood out there right now? Try max bearish. So said Bank of America’s latest fund manager survey on Tuesday that showed expectations for profits and growth at recessionary levels. Yet Wall Street rallied and more gains are ahead for Wednesday, partly on earnings optimism but also as some see all this … Read more

Copper prices are signaling investors are negative on the economy: ANZ

Copper prices are signaling investors are negative on the economy: ANZ

A smelting plant in Wuzhou, China, in January 2022. Falling copper prices suggest that investors are negative on the outlook for the economy, a commodity strategist at ANZ Bank said. Hehuawen | Visual China Group | Getty Images Falling copper prices suggest that investors are negative on the outlook for the economy, a commodity strategist … Read more

Can commodities make a comeback?

Can commodities make a comeback?

Mixed market signals are presenting a confusing narrative for investors trying to pinpoint peak inflation. With recent drops in crude prices and industrial metals like copper and aluminum tumbling, many are looking to commodities for a better glimpse of the macroeconomic picture. Commodity prices have slid this year amid rising interest rates, with the Invesco … Read more

India shows no sign of slowing its purchase of Russian oil

India shows no sign of slowing its purchase of Russian oil

New Delhi CNN Business — India’s appetite for cheap Russian oil is swelling, even as the West continue to hit Moscow with unprecedented sanctions. Russian Crude flows to India are expected to reach 3.36 million metric tons in May, according to estimates from Refinitiv. This is nearly 9 times higher than the 2021 monthly average … Read more