The Latest Breaking News on Markets

Amid soaring demand for oil and gas, oil prices appear to be on a positive trajectory. Against this backdrop, strong fundamentals of energy ETFs, Energy Select Sector SPDR ETF (XLE) and Fidelity MSCI Energy Index ETF (FENY), might make them wise portfolio additions this week. Read on….

Asian stock markets have followed Wall Street lower after the Federal Reserve said its economists expect a “mild recession” this year

The Australian share market took a further downward tumble on Thursday, to end the day down, as traders bet on more interest rate hikes from the Reserve Bank of Australia after the unemployment rate remained steady in March. Read how it all happened.

Despite the easing of inflation, persistent macroeconomic headwinds are expected to keep weighing on investor sentiment. Hence, fundamentally strong stocks SCOR SE (SCRYY), Thermon Group Holdings (THR), and The L.S. Starrett Company (SCX) riding high on momentum and sentiment could be worthy investments to secure uplifting returns amid chronic market…

Saudi Arabia topped the G20 countries in the performance of the purchasing managers’ index (PMI) for the non-oil private sector, in January 2023. The index recorded headline growth at 58.2 points, marking consecutive growth since September 2020 and reflecting the strength and durability of the Kingdom’s economy despite the state…

Asian shares were mostly higher Wednesday, as investors watched for key inflation data likely to influence the Federal Reserve’s stance on interest rates

While cooling labor market data should help the Fed pivot from its money-tightening policies, it also indicates that the economy could be heading for a downturn. However, fundamentally strong stocks Serco Group (SCGPY), MasterCraft Boat (MCFT), and PCTEL (PCTI), which have delivered robust results in their last reported quarter and…

Several informed sources said that the giant Saudi Aramco plans to supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels per day, Reuters reported. This comes after the Organization of the Petroleum Exporting Countries (OPEC) and the…

Rapid grocery and alcohol delivery company Milkrun has collapsed, making more than 400 employees redundant by the end of the week, while Latitude Financial has rebuffed ransom demands over last month's cyber attack. Look back at the day's business and markets news with our blog.

Recession fears are widespread following the high-profile bank failures. Hence, fundamentally strong stocks from top industries, Albertsons (ACI), Hess Midstream (HESM), and ICF International (ICFI) that pay stable dividends might be ideal buys now. Read more.

While the energy sector has been sailing smoothly, junior oil and gas company Reconnaissance Energy (RECAF) has been struggling with declining revenue and profitability. The stock has plummeted more than 20% over the past month. Hence, it could be best avoided. Read more.