(Photo by Kena Betancur/VIEWpress) Corbis via Getty Images ExxonMobil (XOM) broke out above its 50-day simple moving average as 2022 began. This happened after the stock was below its 200-day simple moving average on December 20, 2021. The December low was $57.96, and the rally high was $105.57 on June 8, 2022. Nymex Crude Oil…
(Photo by Chris DELMAS / AFP) (Photo by CHRIS DELMAS/AFP via Getty Images) AFP via Getty Images The U.S. is in the midst of a housing supply crisis, with rents skyrocketing and the number of first-time homebuyers who can qualify for a mortgage on even a starter home shrinking. Who is to blame for this…
Cargo ship terminal, Unloading crane of cargo ship terminal, Industrial port with containers and … [+] container ship. getty Container shipping companies have not been immune to the disruptive factors roiling markets at the moment, namely rising interest rates, soaring inflation and a potential recession, not to mention war in Eastern Europe. However, we remain…
Topline Stocks fell for a second day in a row on Tuesday as markets failed to build on last week’s strong rebound from 2022 lows, with investors once again selling off shares amid looming recession fears and new economic data showing that consumer confidence plunged to a 16-month low. Despite a strong rally last week,…
Be mindful of different tactics that could mean fraud in your divorce. getty You’re getting divorced. It’s likely one of your biggest arguments is over money. After all, there are often inequities in contributing to the marital income and assets. Common examples are one spouse works outside the home while the other quit their career…
Topline High-profile stock picker Cathie Wood conceded to being wrong about the duration of high inflation that’s contributed to her fund’s steep decline this year while doubling down on her belief that the economy has fallen into a recession—defying a vast majority of experts noting a recession is unlikely this year despite growing odds of…
Logo of Bed Bath and Beyond in South Edmonton Common. Friday, May 20, 2022, in Edmonton, Alberta, … [+] Canada. (Photo by Artur Widak/NurPhoto via Getty Images) NurPhoto via Getty Images [Note: BBBY fiscal year ends in February] Bed Bath & Beyond (NASDAQ: BBBY), the home goods retailer, is scheduled to report its fiscal first-quarter…
Price charts of stocks. getty It’s a point and figure price chart pattern that indicates a possible trend reversal from down to up. Of course, there are no guarantees that the “triple top breakout” reversal is definite and irreversible, but the old-school charting technique remains useful when used in connection with other indicators such as…
President Joe Biden (Photo by SUSAN WALSH/POOL/AFP via Getty Images) POOL/AFP via Getty Images President Joe Biden has canceled $400 billion of student loans, according to a top Republican in Congress. Here’s what you need to know — and what it means for your student loans. Student Loans Will Biden enact wide-scale student loan cancellation?…
WASHINGTON, DC – JANUARY 27: U.S. Education Secretary Miguel Cardona delivers remarks at the … [+] department’s Lyndon Baines Johnson Building on January 27, 2022 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) Getty Images Hundreds of thousands of borrowers may qualify for federal student loan cancellation under a program designed to address school misconduct.…