Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Deepwater Management’s Gene Munster said Monday that the power sector is shaping up to be the next major investment opportunity in AI infrastructure, comparing the current moment to Nvidia Corp.‘s breakout in 2023, after Elon Musk said natural…
If you’re looking for a practical way to teach your kids money management skills and encourage financial independence, consider getting them a debit card. Of course, your child may not be ready for their own checking account and the freedom to spend as they please. The good news: Several banks offer debit cards designed for…
Mortgage rates rose this week, with the 30-year fixed rate averaging 6.76%, up from 6.68% last week, according to Bankrate’s latest lender survey. Current mortgage rates The 30-year fixed mortgages in this week’s survey had an average total of 0.29 discount and origination points. Discount points are a way to lower your mortgage rate, while…
October WTI crude oil (CLV26) closed up +0.79 (+0.88%) on Wednesday, and October RBOB gasoline (RBV26) closed down -0.0313 (-1.00%). Crude oil and gasoline prices settled mixed on Wednesday, with crude oil posting a fresh 6-week high. Crude prices rallied Wednesday as hostilities escalated between the US and Iran, raising concerns about prolonged disruptions to energy…
October Nymex natural gas (NGV26) on Wednesday closed up +0.052 (+1.79%). Nat-gas prices settled higher on Wednesday as hotter US weather is expected to boost nat-gas demand from electricity providers as air-conditioning use increases. According to forecaster Vaisala, forecasts trended hotter across the Midwest and East for September 7-11 and shifted warmer in the Midwest for…
It sounds like an apocalyptic scenario: food scarcity, drought and a Middle East conflict. For agricultural stocks and commodities, it’s creating a bull market. Limited access through the Strait of Hormuz has reduced the amount of fertilizers reaching farms, resulting in lower crop yields and plantings, analysts say. Meanwhile, an El Nino weather pattern threatens…
Circle Internet Group (NYSE: $CRCL) President Heath Tarbert warned lawmakers on Wednesday that the United States could lose its financial influence if the next generation of money and capital markets develops on infrastructure governed outside the country. Testifying before the House Financial Services Committee, Tarbert argued that the rise of stablecoins, tokenized assets, and blockchain-based…
Get your expectations in check, bulled-up investors: One of Goldman Sachs’ top stock strategists sees more gradual stock gains over the next 12 months. “We should acknowledge that the S&P 500 and indeed other equity markets around the world have had a phenomenal return over the course of the last year and year to date,” Goldman…
Nvidia (NVDA) stock approached a buy point Wednesday as chip stocks rallied following a bullish quarterly report from Dell Technologies (DELL). Dell’s beat-and-raise report late Tuesday signaled continued momentum in spending on data centers for artificial intelligence. In afternoon trading on the stock market today, Nvidia stock rose nearly 4% to 225.60. Nvidia is in…
The Dow Jones Industrial Average and other major stock indexes moved higher Wednesday, as Wall Street reacted to weaker-than-expected jobs data and as the benchmark Treasury yield stabilized. But tech stocks showed mixed fortunes as Dell Technologies (DELL) tried to break out on the stock market today after beating earnings views but gave up a…
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