Gold’s Awakening May Make Investors Sleep Less Soundly

Text size Gold’s price has climbed in 10 of the past 12 weeks and is now 6.1% below its record high. David Gray/Bloomberg Golden slumbers? Hardly. The precious metal has awakened in the past three months, quietly outperforming stocks since their mid-October lows. That’s something that hasn’t happened in the half-century since the Bretton Woods … Read more

Schlumberger beat earnings expectations, gave ‘very compelling’ outlook and raised dividend, stock rises

Shares of Schlumberger Ltd. SLB, +0.44% edged up 0.2% in premarket trading Friday, even after the oil services company reported fourth-quarter profit and revenue that beat expectations and increased its quarterly dividend by 43%. Net income rose to $1.07 billion, or 74 cents a share, from $601 million, or 42 cents a share, in the … Read more

Stocks Fall After Strong Data Raises Rate Fears

Markets U.S. Markets Crude-oil prices extend declines, Treasury yields tick lower

FTX fiasco one of the most egregious cases of ‘gross negligence,’ says Ackman

Hedge-fund titan Bill Ackman appears to be walking back comments he made via Twitter last week about Sam Bankman-Fried that some interpreted as implicit support for the 30-something who presided over one of the most epic bankruptcies in financial markets in recent memory. Last week, Ackman tweeted that Bankman-Fried’s statements made during a widely watched … Read more

Oil Stocks Rally Despite Falling Prices. Why People Are Buying.

A unique phenomenon has been playing out in the oil market: Oil stocks have risen 5% in the past month even as the price of oil has fallen 9%. The divide could mean that oil stocks are set for a downward reversion, because they’ve outpaced the price of the commodity by too much. But some … Read more

Oil Prices Could Rise After Latest EU Sanctions on Russia

The European Union’s ban on seaborne imports of Russian oil, along with the Group of Seven’s plan to cap prices of oil from Russia early next month won’t guarantee that prices for the commodity will see a lasting rally, or that supplies will tighten further in the days ahead. “In isolation, the sanctions on Russia … Read more

FTX collapse nothing like Theranos, says Tim Draper

Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos, in a conversation with MarketWatch. “It’s not like Theranos,” he said. In a Friday phone interview, Draper said he hadn’t been aware of anyone genuinely comparing … Read more

Oil Prices Are Falling Back With Demand Concerns Center Stage

Oil prices dropped Tuesday with worries about future demand stoked by ramped up Covid restrictions in China and the continued strength of the dollar.  Brent crude, the international standard, was down 2.3% to $93.96 a barrel. West Texas Intermediate, the U.S. benchmark, fell 2.5% to $88.85 a barrel.  

There’s only one ‘perfect asset’ to fight all the bad news that could be coming, says this strategist

Ahead of that, stock futures are falling after Ford warned on high supply costs, on the heels of FedEx’s FDX, +1.17% profit caution last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation, alongside a brutal war in Europe. … Read more

Top copper stocks amid looming shortage, spiking demand

Copper demand is set to surge, Goldman Sachs says — and supply is unlikely to keep up. The investment bank has named a number of metal stocks it says will shine in a copper deficit scenario. Along with the “green transition” driving a surge in demand for copper, Goldman noted that new supply from approved … Read more