Investors at ease as NATO, US talk tough on Russia
Stocks, gold rally
Investors are bidding up stocks and the yellow metal which is crossed above the $1,900 per ounce level.
President Biden holds a press briefing at NATO headquarters
Stocks higher in tech-led bounce
Nvidia, Intel could work together
Jensen Huang said he is interested in partnering with Intel on their foundries – also known as fabrication plants or “fabs”…He made the comments on a call with reporters.
Intel CEO Pat Gelsinger, during an interview with FOX Business Wednesday, gave more details on its new Ohio plant.
“We’re establishing a silicon heartland and from Rust Belt to high tech manufacturing in the center of our nation. It’s such an exciting project. We hope to break ground on that later this year, and we’re getting enormous and enthusiastic support from Ohio, but entire, the entire Midwest” he said.
He along with Micron’s CEO Sanjay Mehrotra testified before Congress on America’s chip crisis.
Stocks inch higher
Uber and Curb announce partnership
Uber shares jumped after inking a deal with the taxi app serving North America. Their first joint program will kickoff in New York City.
“We are excited to kickstart our partnership with Curb and allow Uber users to have immediate access to Curb’s taxi-hailing network, which will add tens of thousands of vehicles to the Uber platform in New York City and beyond,” said Guy Peterson, Director of Business Development at Uber in the announcement. “We’re looking forward to expanding together as we launch the integration in other key cities across the country.”
Jobless Claims Dip, Durable Goods Miss
The U.S. job market continues to improve with weekly jobless claims down to 187,000 compared to 214,000 from the prior week.
This as Durable Goods sank 2.2% in February compared to a 1.6% rise in January. Excluding transports, a steeper 0.6% drop registered.
Moscow Stock Exchange vs. New York Stock Exchange
New York Stock Exchange: $28 trillion
Moscow’s stock exchange: $773 billion
The central bank estimates that roughly 7.7 trillion rubles, equal to $79 billion, of Russia’s stock was owned by retail investors as of late 2021
Source: World Federation of Exchanges/Associated Press
Russian stocks gain in heavily restricted trading
Russia reopened its stock market for an abbreviated session on Thursday nearly one month after shares plunged and the exchange was shut down following the invasion of Ukraine. Continue reading
Stock futures rise as NATO leaders meet
U.S. equity futures rise as oil prices gain on Thursday morning. Continue reading
Oil prices choppy in rollercoaster week
Oil futures turned higher early Thursday morning, after trading lower during the overnight session. Both contracts have posted steep gains this week. Continue reading
Bitcoin trades around $43,000
Bitcoin was trading around $43,000 on Thursday morning, after being down in three of the past four days. The cryptocurrency
is up more than 1% month-to-date, but down more than 8% year-to-date. Continue reading
Gas prices trickle lower
The average price for a gallon of gasoline in the U.S. was little changed on Thursday at $4.236, according to the latest numbers from AAA. The price on Wednesday was $4.237.
The previous record high was $4.33, set on Friday March 11, 2022.