Exxon Has Worst Profit Since '99 as Chevron Posts Loss Chevron takes $2.8 billion writedown amid price collapse Exxon's U.S. oil, gas well lost almost $6 million day last quarter by Joe Carroll Exxon Mobil Corp.(XOM) and Chevron Corp. (CVX) missed profit and production estimates as wildfires, writedowns and weak refining margins battered oil explorers (XLE) (XOP) (OIH) already reeling under a...
Are Those Safe Haven Assets Safe Anymore? An extended flood of money into those investments raises the risk that they are overvalued. by Suzanne Woolley Michael Sonnenfeldt doesn't mince words: "There is no safety in safety," the founder of Tiger 21, a network of "ultra-high-net-worth" investors, said. "All of the historical places you could get safe income from—dividend-paying stocks, bonds—they've all been bid up...
Brexit is a hot topic this earnings season Most U.S. executives say it's too early to gauge the impact by Ciara Linnane Brexit is turning into a hot topic for more than just those Britons who voted “remain.” The U.K. vote to leave the European Union, which roiled global financial markets immediately after the result on June 24, is...
Dollar rises to highest level since early March by Ellie Ismaildou The dollar rose Friday against its major rivals, reaching its highest level since early March as weak data from Europe softened the pound and the euro. Investors also were shifting their focus to the Federal Reserve’s meeting on monetary policy, scheduled for next week. The ICE U.S. Dollar Index...
4 Lessons Learned From 30 Years of Trading CMT Lee Bohl shares what he's learned from his decades of trading experience by Schwab Trading Insights Of the various jobs that I have had during my twenty-two year career at Charles Schwab, I have enjoyed my current role the most. I have learned some valuable lessons over thirty years of trading...
This Bull Market Is Powered By Your Indifference by Barry Ritholz It’s the second-longest bull market in history. Stocks are expensive. This is the top. At least, that is what I keep hearing — from asset managers, traders and, of course, the news media. I’m not hearing much from the public, which seems to have lost interest in the entire stock-picking/trading/market-timing/macro-event thing, and are...
Housing Market Edges Toward Post-Recession Highs by Sara Potter With this week’s release of US housing starts data for June, we registered the strongest quarter in the housing market since 2007. June starts came in at a seasonally adjusted annual rate of 1.189 million units, well above the 1.168 million units forecast by analysts surveyed by FactSet. Looking further ahead,...
Why it might be time to bet on emerging markets by Annie Pei The emerging markets have been trading in a range for the past few months, but one trader sees signs of a breakout to the upside. Todd Gordon of TradingAnalysis.com said a popular emerging markets ETF, the EEM, has being "pretty beaten down" this year but from a technical...
The relationship between gold and silver has changed dramatically by Alex Rosenberg While gold (GLD) has soared this year, silver (SLV) has skyrocketed, leading to a big move in a key measure of relative strength often used by traders. In the beginning of 2016, an ounce of gold was worth as much as 77 ounces of silver; by the end of...
1959 all over again? Why this could be another historic moment for the market by Alex Rosenberg In the history of yield-seeking investments, 1959 was a seminal year — the one in which bond yields and dividend yields flipped. The question investors must now contend with is whether they have finally flipped back. It may not be one of those...
