The renewed vigor in oil prices of late is only just the beginning, contends veteran industry analyst Phillip Streible of Blue Line Futures. Streible thinks oil prices are at risk of hitting $60 in the near-term due to an Omicron-related demand slowdown. But that will likely prove to be a buying opportunity in front of a “long-term” rally in 2022. “We are going to see the demand picture continue to pick up going into the [summer] driving season. Hopefully we can get this pandemic behind… Source link
Read More »These COVID relief provisions are set to expire before Jan. 1
It’s not just the expanded Child Tax Credit. The end of the extra $1,600 for parents (or $1,000 depending on the child’s age) is just one of a series of COVID relief provisions set to expire this week. The expanded Child Tax Credit was implemented for one year as part of President Joe Biden’s American Rescue Plan, though many Democrats want to make it permanent. They plan to revisit the issue in the new year as part of the Build Back Better act, stalled after key moderate Sen. Joe Manchin… Source link
Read More »Inflation to slow in 2022, but still above Fed target: Economist – Yahoo Finance
With the Fed slated to begin its rate hike campaign next year, inflation concerns remain at the top of investors’ minds as a turbulent 2021 comes to a close. According to Gus Faucher, chief economist at PNC Financial Services Group (PNC), there are several key areas that may see reduced price pressures, leading to slowing inflation overall in the coming year. “I do think that we’ll see a gradual slowing in inflation over the course of 2022,” Faucher told Yahoo Finance Live. “After a… Source link
Read More »Tesla Could Rise 30% Next Year on China Demand, Wedbush Says
(Bloomberg) — Tesla Inc. is in a strong position heading into 2022, with catalysts including robust Chinese demand and new factory openings in the U.S. and Germany, according to Wedbush. Most Read from Bloomberg Shares in the electric-vehicle maker could gain nearly 30% over the next 12 months, analyst Daniel Ives wrote in a note. He expects component shortages to ease next year, allowing Tesla to better meet growing demand in China, while new factories in Austin, Texas and Berlin should… Source link
Read More »Home price growth in the US slows for third straight month
Home price growth in the U.S. has slowed for the third straight month. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 19.1% annual gain in October, down from 19.7% from September. The 20-City Composite posted a 18.4% annual gain, down from 19.1% a month earlier. The 20-City results came in very close to analysts’ expectations of a 18.5% annual gain, according to Bloomberg consensus estimates. “In October 2021, U.S. home prices moved… Source link
Read More »Digital Turbine’s stock surges to extend win streak after Google partnership
Shares of Digital Turbine Inc. APPS, +2.06% shot up 9.7% in premarket trading Tuesday, putting them on track to post a seventh-straight gain, after the media and mobile communications company announced a multi-year partnership with Alphabet Inc.’s GOOGL, +0.67% Google. With the partnership, Digital Turbine will with with Google Cloud partner SADA to implement Google’s business and cloud offerings to support growth. “By partnering… Source link
Read More »Stock market news live updates: December 28, 2021
U.S. stock futures were up Tuesday morning after the S&P 500 closed at another record high in an all-around strong day for markets that jump-started the anticipated year-end bull run known to investors as the Santa Claus Rally. Contracts on the S&P 500, Dow, and Nasdaq were up modestly ahead of the day’s trading session. The Dow and Nasdaq were each up about 70 points, while the S&P inched about 10 points higher. For the second consecutive trading session, the S&P 500 soared past its previous… Source link
Read More »Yahoo DFS Basketball: Tuesday Picks
As far as Tuesdays go, we have a busy one with eight games scheduled. COVID-19 continues to sideline players at an alarming rate, making for some ugly depth charts across the league. On the bright side, Adrian Wojnarowski of ESPN reported Monday that players can clear quarantine after six days, instead of the previous 10-day mark. That could lead to significant reinforcements coming for some teams. One who could use the help is the Warriors, who saw Draymond Green join their list of players… Source link
Read More »Yahoo Sportsbook Daily – 12/28/2021
Pam Maldonado takes an early look at Friday’s two College Football Playoff semifinal games between the Cincinnati Bearcats and Alabama Crimson Tide in the Cotton Bowl Classic and the Georgia Bulldogs and Michigan Wolverines in the Orange Bowl. Video Transcript [MUSIC PLAYING] [CASH REGISTER DINGING] PAM MALDONADO: Welcome to the “Yahoo Sportsbook Daily.” It is Tuesday, December 28th. Christmas has come and gone, and the new year is now upon us. Pam Maldonado bringing you an early look into the… Source link
Read More »Let’s not overreact to Cowboys
We overreact to just about everything each week in the NFL. It’s part of the charm. If you want a perfect formula for a grand overreaction, this was it: A good Dallas Cowboys team playing an incredible game in prime time, piling up 56 points as the offensive stars shined, the defense was dominant and the special teams even made the highlights. A 56-14 win over any team catches everyone’s attention. And away we go. You’re going to hear “Cowboys” and “Super Bowl” together a lot this week…. Source link
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