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Germany is one step closer to having to ration its gas usage as supply from Russia starts to dry up, and the country’s top economic affairs official is warning that it could lead to an even larger economic spillover effect. As of Thursday, Germany has entered the second alert level of its emergency gas plan, according to Robert Habeck, Germany’s minister for economic affairs and climate action. At this level, “security of supply is currently ensured, but the situation is tense,”… Source link

With the seemingly endless selection of headwinds plaguing 2022, this year is panning out like no other in recent times. Just ask investors in Advanced Micro Devices (AMD). After making a habit of consistently outperforming the market, AMD shares have been on the backfoot in 2022 (down 43%) – a highly irregular occurrence. Yet, according to Morgan Stanley’s Joseph Moore, despite the macro uncertainty, it is now time investors cotton on to the opportunity following the stock’s… Source link

(Bloomberg) — The S&P 500 Index may have another 24% to fall by year-end, if the past 150 years of financial-market history are any guide. Most Read from Bloomberg That’s according to Societe Generale, which calculates the benchmark gauge may need to tumble as much as 40% from its January peak in the next six months to hit bottom. That comes out to 2,900. The upper end of the range the firm gave is for the index to slump by roughly 34% from its top, to 3,150. Societe Generale arrived at this… Source link

Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices well above $100 Warren Buffett kept a lot of cash on hand in recent years. At the end of 2021, the cash pile at his holding company Berkshire Hathaway had grown to a near-record $146.7 billion. That shouldn’t come as a surprise. Buffett is a value investor, after all, and valuations were bloated in the U.S. stock market after significant rallies in 2020 and 2021. “We find little that… Source link

The inflation challenge facing America’s governors has coincided with a somewhat opposite trend: state budgets that are flush following a period of better than expected tax revenues and ample coronavirus assistance from Washington, DC. Governor Glenn Youngkin (R-VA), one of many governors in that situation, says his budget forecast shows $15 billion more than expected — and that windfall can fight inflation, he said. The governor signed a budget this week with a mix of tax cuts and… Source link

‘There’s always a bull market somewhere’: Jim Cramer’s famous words suggest you can make money no matter what. Here are 2 powerful tailwinds to take advantage of today Today, we’re inundated with news of inflation and fears of recession. While these are real issues that will take many companies down, there’s more to the story. As Mad Money host Jim Cramer famously says, “There’s always a bull market somewhere.” Even if you decide to stay away from certain stocks, you can find… Source link

In the midst of 2021’s soaring tech IPO and SPAC market, there was one former Wall Street analyst telling anyone who would listen that something was wrong. David Trainer, the founder and CEO of research firm New Constructs, was focused on the fundamentals of the businesses behind the record valuations, and what he saw wasn’t promising. Trainer warned investors in 2021 that many high-flying tech stocks and IPOs at the time were trading at “tech bubble” levels. And even worse, some were… Source link

This article is part of our Yahoo DFS Baseball series. Thursday’s slate is heavy on day games. Of the 10 matchups, seven of them have early start times. Among the day games is an intriguing matchup between Clayton Kershaw and Hunter Greene, two pitchers at very different stages of their career. The reigning AL Cy Young award winner will also take the mound when Robbie Ray faces off against the Athletics. Despite there only being three night games, two of them are great matchup… Source link

From the start of the NFL draft to the end of it, only one division saw the favorite change in the odds at BetMGM. The A.J. Brown trade was a pretty big deal. The Tennessee Titans decided they didn’t want to pay Brown, one of the NFL’s most talented receivers, so they traded him to the Philadelphia Eagles. They used the first-round pick they acquired in the trade to take receiver Treylon Burks, but we don’t know if Burks can be anywhere near as good as Brown, especially as a rookie. That’s why… Source link

Arch Manning is heading to Texas. The five-star quarterback tweeted Thursday that he was verbally committing to the Longhorns. Manning is the nephew of Peyton and Eli Manning and the top-rated recruit in the high school class of 2023 according to Rivals. Manning’s commitment to Texas is a massive win for the Longhorns and coach Steve Sarkisian. Texas was competing with the likes of Alabama and Georgia — the teams that played for the national title in January — to secure Manning’s services…. Source link