Carney’s Victory Viewed as Positive for Renewable Energy
Mark Carney’s triumphant return to the Canadian Parliament after the Liberal Party won the national elections is expected to have a significant impact across key sectors of the economy. Energy stocks are seen as most likely to benefit from his win. In his victory speech, Carney pledged to “build Canada into an energy superpower in […]
Oil Industry Targeted by Trump’s ‘Drill, Baby, Drill’ Agenda Faces Challenges
Oil industry that Trump wants to ‘drill, baby, drill’ takes a beating An operator for Baker Hughes conducts a wireline survey on a Chesapeake Energy natural gas rig in the North Texas Barnett Shale near Burleson, Texas. Matt Nager | Getty Images President Donald Trump wants the oil and gas industry to “drill, baby, drill” […]
Carney’s Election Victory Paves the Way for Fiscal…
Mark Carney’s election as prime minister likely paves the way to government efforts to boost the sagging economy—perhaps even a larger stimulus plan than the Liberal Party promised. However, experts observe that the removal of political uncertainty opens the door to arguably the most vital piece of business: renewed engagement with US President Donald Trump. […]
Zimbabwe Resumes Gold Coin Minting as Bullion Prices Hit Record Highs
Zimbabwe’s central bank is again issuing gold coins it scrapped 10 months ago, a step it took to ramp up the bullion stockpile used to back up the local currency, the ZiG. Minting of the so-called “Mosi-Oa-Tunya” 22-carat coins, named after the iconic Victoria Falls, was scrapped in July, central bank Governor John Mushayavanhu told […]
Dow, S&P 500, and Nasdaq Futures Edge Up as Investors Consider Proposed Auto Tariff Relief
Dow, S&P 500, Nasdaq futures drift higher as investor weigh promised auto tariff relief US stock futures drifted higher on Tuesday after the Trump administration said it will soften some auto tariffs and as Wall Street geared up for a wave of earnings reports and economic data. S&P 500 futures (ES=F) rose 0.3%, while those […]
3 US ETFs to Consider During a Recession
Bryan Armour: John F. Kennedy once said, “The best time to repair the roof is when the sun is shining.” The sun isn’t currently shining on US stocks, but we’re not in the middle of a horrible storm yet either. On April 8, the Morningstar US Large-Mid Index had sunk nearly 20% off its Feb. […]
UK Retail Sales Exceed Expectations as Pound Dips
UK retail sales beats forecast, pound edges lower The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.3214, down 0.17% on the day. UK retail sales climbs 0.4% UK retail sales were a ray of sunshine in March. Monthly, retail sales rose 0.4%, beating the market estimate of […]
Gold Reaches Extreme Overbought Levels – MINING.COM
Stock image. Gold just soared to crazy-overbought levels, among its most-extreme in modern history! Though still nowhere near shooting parabolic, such exceedingly-stretched technicals dramatically up the odds gold is due for a rebalancing selloff. That will likely be correction-grade, though precedent shows a quick bear is possible. Despite this probable cyclical-bull topping, gold’s relatively-small secular […]
S&P 500 Reclaims Half of Its Tariff Losses: What Will It Take to Fully Recover?
S&P 500 recovers half of its tariff decline. What it will take to make it all the way back What do you call half a month spent in the most volatile market in years, featuring a headlong flight from U.S. dollar assets, hypersensitivity to every policy headline and a furious equity rally of almost unnerving […]
8 Smart Financial Moves to Make After Selling Your Home
8 Best Money Moves To Make With the Proceeds of a House Sale Selling a home can be an exciting milestone, especially when it leaves you with extra money in your pocket. However, receiving a sizable financial windfall can sometimes feel just as overwhelming as it does rewarding. While the proceeds from your home sale […]