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CHART OF THE DAY: A $5.6 trillion ‘mountain of money’ will help fuel a year-end rally for the stock market

Jennifer DuBois -
Investors are putting an increasing amount of their cash into money market funds.The multitrillion-dollar flood into the funds comes as risk-free interest rates...
Business

The biggest oil deficit since 2007 will hit in the 4th quarter as Saudi Arabia cuts supply

Jennifer DuBois -
Amid tight global supplies, the oil market is expected to face its biggest deficit in over a decade.That's as Saudi Arabia has extended...
Business

EV Mania Hasn’t Killed Hunger for Hybrid Trucks

Jennifer DuBois -
This may not be great news for the climate. A person who swaps a gas truck for a hybrid one will reduce their...
Business

EV Mania Hasn’t Killed Hunger for Hybrid Trucks

Jennifer DuBois -
This may not be great news for the climate. A person who swaps a gas truck for a hybrid one will reduce their...
Business

Apple falls as investors monitor the release of the hotly anticipated iPhone 15

Jennifer DuBois -
Apple stock declined about 1.7% on Tuesday, with investors monitoring the iPhone 15 launch event.The new iPhone model is expected to feature an...
Business

Investors would have made more money buying the S&P 500 instead of following ‘Big Short’ investor Michael Burry’s tweet warnings, an expert says

Jennifer DuBois -
Investors would have made more money buying the S&P 500 than following Michael Burry's stock-market warnings, said Charlie Bilello, chief market strategist at...
Business

The AI Boom Is Not Fully Priced in These 2 Stocks, Say Analysts — Here’s Why They Are Both Considered ‘Strong Buys’

Jennifer DuBois -
Tech stocks have been leading the market this year; that’s no secret. The tech-heavy NASDAQ index, even after recent losses, has a year-to-date...
Business

Top CD Rates Today: 6% Leader Expires, Moving Five CDs Into the Lead

Jennifer DuBois -
After a two-week reign at the top of our CD rate charts, the 6.00% APY nationwide leader was taken off the market today....
Business

Sorrento Stock Deal Emerges Days Before It Runs Out of Cash

Jennifer DuBois -
(Bloomberg) -- Sorrento Therapeutics Inc., which filed for bankruptcy in February after suffering shortseller attacks for prematurely saying it had developed a cure...
Business

Inflation Is Heating Back Up. Here’s Why The Fed Will Stay Cool.

Jennifer DuBois -
The consumer price index for August, out Wednesday at 8:30 a.m. ET, is expected to show the headline inflation rate moving higher for...
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