KEY POINTSU.S. President Joe Biden presented the idea of an oil price cap to the rest of the G-7 leaders and his counterparts agreed to look at how to do it.Energy analysts have questioned exactly how the G-7 can impose a price ceiling for Russian oil, warning that the plan could backfire if key consumers are not involved, and time may be running out to make it workable.Russia’s Deputy Prime Minister Alexander Novak said Wednesday the idea could push oil prices even higher.The G7 has floated the idea of an oil price cap, but experts are doubtful about how effective this would be.The G7 has floated the idea of an oil price cap, but experts are doubtful about how effective this would be.The world’s seven-largest industrialized economies have floated the idea of a price cap on Russian oil to

A 'price cap' on Russian oil: What would that mean?Since the US and its allies decided to stop buying Russia’s oil, there has been little sign that the measure is inflicting the kind of pain that might force President Vladimir Putin to rethink his war in Ukraine. Plenty of other countries are still buying Russian crude, and a surge in prices has softened the blow from the sanctions by bringing Moscow enough revenue to stave off economic collapse.So Putin’s adversaries are weighing a new idea: Make Russia sell its oil so cheaply that it can no longer afford to wage war at allWhat is being proposed?The US, the UK and Canada have announced bans on Russian oil, while the European Union (EU) plans to ban seaborne Russian crude by December and fuels by early next year. In a further step, US Trea

Oil prices gained for a fourth straight session on Wednesday with tight supply worries offsetting concerns about a weaker global economy.Brent crude futures for August advanced 0.5% to $118.61. The August contract will expire on Thursday and the more-active September contract was at $114.06, up 23 cents, or 0.2%.U.S. West Texas Intermediate (WTI) crude futures advanced 0.7% to $112.60 per barrel.Both contracts rose more than 2% on Tuesday as concerns over tight supplies due to Western sanctions on Russia outweighed fears of that demand may slow in a potential future recession.“The market is stuck in the push-pull between the current deteriorating macro backdrop and the looming threat of a recession, pitted against the strongest fundamental oil market set-up in decades, maybe ever,” RBC Cap

We're officially in a bear market. How long until we're out of the woods? It’s been a tough year for the markets so far. The U.S. stock market had a nearly 4% drop this week — the biggest of the year — that ended in a bear market, which applies whenever there's  a 20% or more drop from a recent high. With the Federal Reserve’s highest rate hike in 28 years this week in response to record high inflation, ongoing tensions throughout Europe, and a historically tight housing market already in the first half of 2022, investors are reasonably concerned about how much worse it could get in the coming months.

U.S. stocks slipped Thursday as investors wait for new economic data on the labor market that will give further information about a potential U.S. recession.The Dow Jones Industrial Average shed 39 points, or 0.12%. The S&P 500 lost 0.43% and Nasdaq Composite dipped .48% as markets reacted to a slight uptick in weekly jobless claims, reported Thursday morning.Next, all eyes are on the July nonfarm payrolls report schedule to be released Friday. The report will show whether the strength of the U.S. job market - which has been a cornerstone of shaking off recession fears - continued in July.“With the jobs report coming tomorrow, today’s slight uptick in jobless claims isn’t likely to be a major market nor Fed mover,” Mike Loewengart, managing director of investment strategy at E*Trade at

Tesla sued by former employees over 'mass layoff'Former Tesla employees have filed a lawsuit against the US electric car company alleging its decision to carry out a "mass layoff" violated federal law as the company did not provide advance notice of the job cuts.The lawsuit was filed late Sunday (Jun 19) in Texas by two workers who said they were terminated from Tesla's gigafactory plant in Sparks, Nevada in June. According to the suit, more than 500 employees were terminated at the Nevada factory.The workers allege the company failed to adhere to federal laws on mass layoffs that require a 60-day notification period under the Worker Adjustment and Retraining Notification Act, according to the lawsuit.They are seeking class action status for all former Tesla employees throughout the United

Tesla deliveries fall with temporary closure of China factoryNEW YORK: Tesla's deliveries of electric vehicles fell in the second quarter compared to the previous one due mainly to a weeks-long closure of its factory in China, the company said Saturday (Jul 2).Elon Musk's enterprise delivered 254,695 vehicles from April to June, it said in a statement.That's 27 percent more than the same period a year ago but down 18 percent from the January-to-March quarter of 2022 and the first such decline in more than two years.This marks a disappointment for a company that says it is posting strong growth, touting the opening of two new factories this year, in Germany and Texas.The drop in deliveries was bigger than that anticipated by analysts, who had expected 264,000 vehicles to be handed over to b

As Bitcoin Crashes, Data Shows Whales Are Buying the DipAs the crypto winter bites deeper, on-chain metrics suggest that confidence among Bitcoin whales has far from waned.The leading cryptocurrency is currently trading under $20,000, down 35% year-to-date, and down as much as 71% from its all-time high of about $69,000 in November last year.During massive sell-offs like this, many investors liquidate their positions. This, however, does not appear to be the case when it comes to those who hold more than 1,000 BTC.Fresh data from IntoTheBlock indicates that this demographic has actually continued to accumulate cheap coins despite bearish prices.In the last multi-year long bear market Bitcoin whales took advantage to accumulate at a high pace, as pointed out by the red arrow in the chart,”

Key PointsThe S&P 500 on Thursday capped its worst six-month start to a year since 1970.Some 68% of chief financial officers expect a recession to occur during the first half of 2023, according to a CNBC survey.Experts suggest diversifying your portfolio, including bonds despite falling prices, and adding to cash reserves.Months of stock market volatility, surging inflation and rising interest rates have left many investors wondering if a recession is coming.The stock market tumbled again on Thursday, with the S&P 500 capping its worst six-month start to a year since 1970. In all, it’s down more than 20% year to date. The Dow Jones Industrial Average and Nasdaq Composite are also down significantly since the beginning of 2022, dropping more than 15% and nearly 30%, respectively.Mea

Some experts say a recession is coming. Heres how to prepare your portfolioKEY POINTSThe S&P 500 on Thursday capped its worst six-month start to a year since 1970.Some 68% of chief financial officers expect a recession to occur during the first half of 2023, according to a CNBC survey.Experts suggest diversifying your portfolio, including bonds despite falling prices, and adding to cash reserves.Months of stock market volatility, surging inflation and rising interest rates have left many investors wondering if a recession is coming. The stock market tumbled again on Thursday, with the S&P 500 capping its worst six-month start to a year since 1970. In all, it’s down more than 20% year to date. The Dow Jones Industrial Average and Nasdaq Composite are also down significantly since th

A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms. Investment is usually made with an investment strategy in mind.

Dow Jones Futures Fall After Market Rallies; Here Comes Fed Chief PowellDow Jones futures fell solidly early Wednesday, along with S&P 500 futures and Nasdaq futures, with Fed chief Jerome Powell set to testify before Congress on Wednesday morning.But few quality stocks are in position right now. That's just one of many reasons to remain on the sidelines. While a rally attempt is underway, it's not a confirmed uptrend yet.The 10-year Treasury yield fell 4 basis points to 3.27%.U.S. crude oil prices tumbled more than 3%. President Joe Biden is expected to back suspending the federal gasoline tax of 18.4 cents per gallon on Wednesday afternoon. Congress would have to approve any such move.Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actua

What do you guys think about buying oil stocks?Should you buy the dip?Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy.Also pressuring prices, the U.S. dollar this week rose to its highest level since December 2002 against a basket of currencies, making oil more expensive for buyers using other currencies.Brent futures fell $6.69, or 5.6%, to settle at $113.12 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $8.03, or 6.8%, to settle at $109.56.That was the lowest close for Brent since May 20 and the lowest for WTI since May 12. It was also the biggest daily percentage decline for Brent since early May and the biggest for WTI since late March.For the week,

FREE ARTICLE Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and ResearchWhy Nio Stock Jumped 13% TodayBy Neha Chamaria - Jun 14, 2022 at 11:12AMYou’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn MoreInvestors are buying the dip in Nio stock ahead of an important product launch.What happenedNio (NIO -4.62%) stock made a dramatic U-turn this morning after yesterday's plunge and has popped 13.5% as of 10:55 a.m. ET. Although the markets remain choppy, investors in the electric vehicle (EV) stock are excited about an event coming up tomorrow, June 15.So whatNio wi

Elon Musk tells investors he'll pause on Tesla stock sales Elon Musk tells investors he'll pause on Tesla stock sales Elon Musk says he won't sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk's purchase of Twitter went through in October.  " I am not selling any stock for 18 to 24 months,” Musk said during an audio-only Twitter Spaces group conversation on Thursday. Musk then said he wouldn't sell Tesla shares for two years, but backtracked and said he would pause sales for at least one year. Musk dumped another US$2.58 billion worth of Tesla stock last week and has sold nearly US$23 billion worth of his car company's shares since April, when

What do you guys think about this stock?$REX INTERNATIONAL HOLDING LTD(5WH.SI)$Recently, Rex international posted an announcement regarding their subscription of bonds. Money is entering but will they be able to continue their production?Lime Petroleum’s US$96.7 million senior secured bond fully subscribed SINGAPORE, 29 June 2022 – Rex International Holding Limited (“Rex International Holding”, “Rex” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce that its 91.65 per cent subsidiary Lime Petroleum AS (“Lime Petroleum”) has successfully raised a three-year senior secured bond issue of NOK 950 million (approximately US$96.7 million) (the “Bond Issue” or the “Bonds”). The purpose of the new Bond Issue i

Global oil prices could reach a “stratospheric” US$380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co analysts warned.The Group of Seven nations are hammering out a complicated mechanism to cap the price fetched by Russian oil in a bid to tighten the screws on Vladimir Putin’s war machine in Ukraine. But given Moscow’s robust fiscal position, the nation can afford to slash daily crude production by 5 million barrels without excessively damaging the economy, JPMorgan analysts including Natasha Kaneva wrote in a note to clients.For much of the rest of the world, however, the results could be disastrous. A 3 million-barrel cut to daily supplies would push benchmark London crude prices to US$190, while the worst-case scenar

SINGAPORE: Brent crude futures extended gains on Tuesday (Jul 5) as a strike in Norway is expected to disrupt oil and gas output, fanning tight supply worries.Brent crude futures rose 82 cents, or 0.7 per cent, to US$114.32 a barrel by 1.05am GMT (9.05am Singapore time) after a 2.4 per cent gain on Monday.US West Texas Intermediate crude climbed US$2.58, or 2.4 per cent, to US$111.01 a barrel, from Friday's close. There was no settlement for WTI on Monday because of the Jul 4 US public holiday.On Tuesday, Norwegian offshore workers began a strike that will reduce oil and gas output, the union leading the industrial action told Reuters.The strike is expected to reduce oil and gas output by 89,000 barrels of oil equivalent per day (boepd), of which gas output makes up 27,500 boepd, Equinor h

Energy expert Dan Yergin said there are two reasons why oil prices have dropped in the past month despite a market that is still tight: the Fed and Russia's war in Ukraine.Yergin said the demand outlook for China, the world's largest oil consumer, is also uncertain."We think OPEC+ will then move to a more liberal approach and allow the few members with spare capacity to produce more," Edward Gardner, commodities economist at Capital Economics, said