History of creation
Dow fell more than 500 points at noon
| Symbol | Price | Change | %Change |
|---|---|---|---|
| Me: DJI | $33,015.05 | -599.75 | -1.78% |
| AXP | $172.95 | -6.94 | -3.86% |
| IN | $200.29 | -6.94 | -3.35% |
| CAT | $195.66 | +0.81 | +0.42% |
| AMGN | $232.91 | +0.27 | +0.12% |
The Dow fell more than 500 points at noon, led by American Express, Nike and Visa, while Caterpillar and Amgen resisted selling.
Bed Bath & Beyond CEO Fails, New Investor Says
| Symbol | Price | Change | %Change |
|---|---|---|---|
| BBBI | $23.10 | +6.92 | +42.77% |
Bed Bath & Beyond’s CEO is overpaid and underperforming, says RC Ventures investor Ryan Cohen, who just bought nearly 10% of the company.
History of creation
Energy stocks jump as oil bounces back to $120
| Symbol | Price | Change | %Change |
|---|---|---|---|
| HAL | $34.13 | +0.78 | +2.34% |
| XOM | $84.09 | +3.05 | +3.76% |
| CVX | $158.81 | +0.16 | +0.10% |
Oil prices declined on Monday before picking up again.
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Stocks drop as trading starts on Monday
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US stocks fell in early trading on Monday.
History of creation
Biden held a telephone conversation with world leaders
Russia-Ukraine Breaking News At 10:00 AM ET, the President will hold a situation room video conference with French President Macron, German Chancellor Scholz and British Prime Minister Johnson to discuss the latest developments regarding Ukraine and Russia.
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Uber raises earnings forecast
Uber now expects to earn between $130 million and $150 million, up from $100 million to $130 million.
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Oil surge on Monday morning
Oil traded above $120 a barrel on Monday morning as US stocks fell sharply.
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Bed Bath & Beyond shares soar
Ryan Cohen, chairman of GameStop and founder of Chewy.com, has acquired a nearly 10% stake in the home improvement retailer, according to an SEC filing, to boost turnover through its RC Ventures.
Cohen blamed CEO Mark Tritton for not doing his job.
“The problem at Bed Bath is that its highly publicized and disparate strategy will not end the tailspin that has persisted before, during and after the pandemic’s downturn and the appointment of CEO Mark Tritton. As evidence, we point to the company’s disappointing results. shareholder returns and persistent underperformance in each relevant time horizon…”
Company response:
“Bed Bath & Beyond’s board and management are in constant dialogue with our shareholders and while we have not had any prior contact with RC Ventures, we will carefully review their letter and look forward to constructive engagement on their ideas.”
“Our board of directors is committed to acting in the best interests of our shareholders and regularly reviews all ways of creating value for shareholders. 2021 was the first year of our ambitious multi-year transformation plan, which we believe will create significant long-term opportunities. shareholder value.”
US stocks fall as oil reaches 2008 highs
U.S. stock futures fell overnight as U.S. oil prices surged to their highest level since 2008 and Russia announced a ceasefire so major Ukrainian cities could be evacuated.
The price of oil jumped more than $12 a barrel and stocks plummeted on Monday as calls for tougher sanctions against Russia intensified. Brent crude rose more than 10%, while US benchmark rose $10 to over $125 a barrel.
Stock futures in the US and Europe also declined. Considered a safe haven for investors during the crisis, the price of gold jumped $26 an ounce to $1992.90. The latest market turmoil follows Ukrainian President Volodymyr Zelenskyy’s warning that Ukrainian statehood is under threat from Russian military strikes against strategic targets.
A temporary ceasefire in two Ukrainian cities over the weekend failed – and both sides blamed each other. A new ceasefire was to begin at 10:00 Moscow time.
Cryptocurrency market falls due to increased Russian-Ukrainian hostilities
Cryptocurrencies fell early on Monday morning as the Russian invasion of Ukraine intensified.
Bitcoin traded around $38,335, down 2.09%, while rivals Ethereum and Dogecoin traded at around $2,540 (-3.40%) and 12 cents (-2.55%), respectively, according to Coindesk.
At the end of last week, Bitcoin was trading above $41,000 per coin until a three-day winning streak was broken on Friday.
Overall, bitcoin has fallen 9% in a year.
The dollar generally strengthened, the euro continued to fall at the beginning of Monday
The euro continued to fall early on Monday, reaching parity with the safe-haven Swiss franc, and commodities of all stripes rose as the Russia-Ukraine conflict showed no signs of cooling.
Meanwhile, the dollar generally strengthened, helped in part by a strong payroll report. thus effectively pushing back the timing of the rate hike,” said Tapas Strickland, an economist at NAB.
“However, higher CPI forecasts mean that rate hikes are needed on the horizon.” The near-term outlook for more dovish behavior by the ECB, coupled with safe haven flows, will send German 10-year bond yields down 32 basis points last week. . The US 10-year yield fell 1.69% after already falling 23 basis points last week.
Fed fund futures also rallied as the market priced in at a slower rate hike by the Federal Reserve this year, though the March hike is still seen as a deal.
Gold futures up 4% in a week
Gold futures rose on Sunday, posting more than 4% weekly gains. Concerns have been heightened since Russia’s latest attack on Ukraine, when it seized Ukraine’s largest nuclear power facility after a shelling that set the plant on fire.
April gold rose 1.6% to $1,966.60 an ounce. The precious metal gained 4.2% over the week, the biggest weekly gain for the most active contracts since July 2020, according to Dow Jones Market Data.
Gold futures edged higher, posting more than 4% weekly gains as concerns arose over Russia’s moves in Ukraine. [in the] for the foreseeable future,” said Jeff Wright, chief investment officer at Wolfpack Capital. he said.
Precious metals prices are likely to find support amid macroeconomic headwinds due to “deteriorating growth.” [and] inflationary mix in developed markets,” says Goldman Sachs. These are the most important factors influencing gold and silver prices, notes the investment bank.
Shell pledges profits from Russian oil trade will go to charity
Shell PLC said it would donate profits from Russian oil purchases to efforts to alleviate the humanitarian crisis in Ukraine following outrage over the company’s bid for Russian oil.
The London-listed energy company said it would choose alternatives to Russian oil where possible, but it can’t stop buying oil overnight because Russia provides such a large chunk of the world’s supply. Shell said its refiners need some Russian crude to continue producing gasoline and diesel.
“Without an uninterrupted supply of crude oil to refineries, the energy industry cannot ensure the continued supply of vital products to the population of Europe in the coming weeks,” Shell said. “Consignments from alternative sources would not have arrived in time to avoid interruptions in supply to the market.”
Shell released a statement over the weekend after buying 100,000 metric tons of Russian Urals oil at a bargain price on Friday, paying $28.50 a barrel less than the base oil price, the Journal reported, citing people familiar with the deal, in what is the most the biggest discount ever.