After trading as high as $120 a barrel in June, West Texas Intermediate crude traded as low as $77 in late September, a decline of 36% in 90 days. It’s pretty much a given that the price to get a barrel of oil out of the ground did not suffer the same reversal. After cutting production by 100,000 barrels per […]

As Bitcoin revisits its $20k support level on Tuesday, Bitcoin open interest rose by $1.6 billion since the start of October. Now, aggregated open interest has reached $10.73 billion. This nearly levels up with a three-week high on September 27th when Bitcoin was $20,296, just before toppling to $18.6k a day later. When both a spike in Bitcoin open interest […]

Crude oil prices climbed higher on Wednesday after the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed to impose deep output cuts, aiming to spur a recovery in oil prices. Data showing a drop in U.S. crude inventories in the week ended September 30 contributed as well to the surge in oil prices. OPEC+ […]

Markets were crushed to start out Wednesday, giving back some of their gains from earlier in the week. The Nasdaq led the charge lower, down nearly 2%, while the S&P 500 and Dow Jones industrials were down 1.4% and 1.1%, respectively. The question remains what is to come from the rest of this week, and if markets can edge out […]

video Hurricane Ian dealt Florida a ‘devastating blow’: Florida Citrus Mutual CEO Matt Joyner Florida Citrus Mutual CEO Matt Joyner discusses the impact of Hurricane Ian on food costs and the citrus industry on ‘The Claman Countdown.’ Mosaic Co.'s facilities and supporting infrastructure in Florida sustained "modest damage" from Hurricane Ian, according to a press release Monday from the company. […]

After showing an initial move to the upside, treasuries came under pressure over the course of the trading session on Friday. Bond prices pulled back well off their early highs and slid firmly into negative territory going into the close. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 5.7 basis points to 3.804 […]

Markets were somewhat mixed on Friday, with the Nasdaq pushing higher by more than half a percent. The Dow Jones were relatively flat, while the S&P 500 was marginally higher. This ultimately is setting up for yet another week of losses for the broad markets. Reportedly, the personal consumption expenditures (PCE) price index rose by 0.3% in August after seeing […]

The corporate regulator is taking legal action against troubled tech company Nuix and its board for allegedly breaching their continuous disclosure obligations, while clearing the insider trading allegations against former company chief financial officer Stephen Doyle and his brother Ross. The Australian Securities and Investments Commission (ASIC) on Thursday said it has filed papers in Federal Court, alleging that Nuix […]

Digital World Acquisition Corp. (NASDAQ: DWAC), the blank-check company that has a deal to take former President Trump’s media company public, has changed its listed address from a WeWork location in Miami, Florida, to a UPS store in the same city. The Financial Times reported that Digital World also has agreed to rent office space from a business “affiliated” with […]

video Bear market investing is ‘great opportunity’ for long-term investors: David Bahnsen The Bahnsen Group founder and managing partner breaks down the impact of the 40-year high inflation on Americans on ‘Maria Bartiromo’s Wall Street.’ Here are the key events taking place on Monday that could impact trading. GASOLINE: The average price for a gallon of regular gasoline in the […]