Wall Street firms block client access to new spot Bitcoin ETFs
Large Wall Street firms are blocking retail investors from accessing the new “spot" Bitcoin ETFs recently approved by the SEC, FOX Business has learned.
Oil slides after OPEC's unexpected meeting delay
The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated meeting.
Exxon mulls Pioneer deal, shares jump
Pioneer Natural Resources shares spiked on rumors Exxon Mobil is closing in on a deal to purchase the company in what could be a $60 billion deal, The Wall Street Journal reported.
How the markets observe Juneteenth and how it could impact trading
There will be no regular equity or bond trading and futures will trade on an abbreviated schedule on Monday, as Wall Street observes the Juneteenth holiday.
Exxon Mobil, Pioneer rumors spark fracking M&A talk
Exxon Mobil is reportedly in preliminary discussions to acquire Pioneer Natural Resources as part of the oil and natural gas producer’s Permian Basin strategy.
Gold nears record on weaker economic data
The price of gold is nearing a record as the latest JOLTS report showed job openings are down as manufacturing activity slows, weakening the U.S. dollar against the euro and pound.
Gold rush still on for 2023, precious metals outperforming market last 6 months
Amid inflationary pressures and a weakened U.S. dollar, experts predict Wall Street will gravitate towards material wealth in precious metals like gold and silver, sending both to record highs in 2023.
JPMorgan Chase’s nickel bags turn out to be full of stones: report
An apparent mix-up at a warehouse in Rotterdam led to JPMorgan Chase buying what it thought was $1.3 million worth of nickel but turned out to be bags of stones.
Glencore hands $7.1B to shareholders after record profit
Glencore had one of its greatest years on record, cutting debt to $75 million from $6 billion, and returning $7.1 billion to shareholders, as demand soars.
Are ETFs a hedge for inflation?
Exchange-traded funds can be used as a hedge for retail and institutional investors during economic downturn and inflation.
Newmont makes $16.9B bid for Australia gold producer
The Newmont Corporation has made an indicative $16.9 billion takeover offer for Australia's top goldminer Newcrest Mining to combine the goldmining companies’ assets in China and Australia.
The markets and the New Year holiday
There will be no trading in stocks or bonds on Monday as Wall Street observes the New Year holiday.
Oil prices are up, are refinery shutdowns to blame?
A winter storm over a large swath of the U.S. is being blamed for oil refinery shutdown in Houston and spiking crude prices
BHP, world’s top miner, nears biggest acquisition in a decade
BHP predicts that demand for copper – an excellent conductor of electricity and has wide-ranging uses including in construction and electronics – will double in the next three decades.
Oil market faces ‘considerable uncertainties,’ OPEC warns
OPEC lowered its forecast for global oil demand growth this year by 100,000 barrels a day to 2.5 million barrels a day. It also lowered its 2023 demand growth forecast.
Betting on elections could return to US in time for midterms, if regulators approve
Kalshi’s request to operate a regulated market comes as sports betting and other forms of gambling have come to many more states. The CFTC has no definition of "gaming."
Diamond trading firm crafts gemstones into a commodity
Diamond Standard hopes their product, a diamond coin and bar, and its use of ETFs and blockchain will help stabilize and democratize the diamond market.
Oil expert explains the only 'concrete action' Biden admin took to lower gas prices
Lipow Oil Associates President Andy Lipow explained on 'Mornings with Maria,' Monday, the only 'substantive action' the Biden administration has taken to try and alleviate gas prices for Americans.
Kansas seed business in 'no man's land' amid soaring wheat prices
Ehmke Seed owners Vance and Louise Ehmke explained why they are in “no man's land” as it pertains to selling wheat amid the war between Russia and Ukraine, both major suppliers of the commodity.
Metal prices hit record highs, costs of consumer goods to rise
Metal prices are surging to record highs as the commodities remain in short supply exacerbated by the war in Ukraine.