Oil Continues Rollercoaster Ride As OPEC Considers Omicron Impact On Fuel Demand

As OPEC met Wednesday to discuss whether to increase supplies, the rollercoaster ride in oil markets continued, with U.S. West Texas Intermediate crude oil up 3% to $68 per barrel amid broad strength in equities.

20m

How AI Can Help Close The Racial Wealth Gap

Artificial intelligence shows fantastic promise and, in many cases, has already proven successful for its intended purposes. Unfortunately, AI is only as good as the data it learns from.

20m

Market Rollercoaster Continues In Wake Of Powell's Comments

U.S. stocks up strongly this morning, reversing the move of yesterday’s selloff. Both Dow and Nasdaq futures gained over 1% leading into the market open, and futures on the Russell 2000 Index, which has been particularly hard-hit of late, rose nearly 2%.

1h

Are Battery Cost Improvements Still A Big Driver Of Tesla’s Margins?

The cost of batteries, which are a key building block of electric vehicles, has declined considerably in recent years. Per Bloomberg New Energy Finance, EV industry average battery prices have declined from an average of around $384 per kilowatt-hour (kWh) in 2015 to about $137 per kWh in 2020...

4h

Sell Occidental Petroleum Stock Ahead Of OPEC Meet?

The global economic recovery observed a headwind last week after the WHO declared the Omicron coronavirus mutation as a variant of concern. The benchmark oil prices fell sharply as market participants anticipated demand crunch from another round of travel restrictions...

4h

What’s Next For Teleflex Stock After Its Recent PTD Recall?

The stock price of Teleflex, best known for its single-use medical devices for common diagnostic and therapeutic procedures, has seen a decline of 12% over the last month, while it was down over 4% last week. The company recently announced a recall of its of Arrow-Trerotola Over-The-Wire...

5h

This Tobacco Stock Looks Better Than Altria

The shares of Philip Morris are currently trading at $89 per share which is more than 7% above its pre-Covid level. On the other hand, shares of Altria are trading at $44 per share, which is less than the pre-Covid level. Does that mean MO is a better stock pick compared to PM? Both companies...

5h

How Is U.S. Steel Corp Positioned Compared To This Rival?

The shares of United States Steel Corp currently trade at $23 per share, which is 2.5x its pre-Covid level. On the other hand, shares of Cleveland-Cliffs are trading at $21 per share, 3x its pre-Covid level. Does that make U.S. Steel a better stock pick compared to Cleveland-Cliffs...

6h

Can Best Buy’s Stock Rebound After An 18% Drop?

Best Buy’s stock (NYSE: BBY) has declined by 18% in the last five trading days (one week). In comparison, the broader S&P500 index declined only marginally over the same period. The company’s stock fell despite posting a better-than-expected quarter against tough pandemic comparables in the...

6h

Wex’s Stock Down 28% In The Last Month, What Is The Likelihood Of Rise?

Wex stock (NYSE: WEX), declined by 28% in the last twenty-one trading days. In comparison, the broader S&P500 index rose by 1.1% over the same period. Wex is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry...

7h