Today in the News

Tesla Is the Most Favored Stock-Options Wager on Wall Street

Tesla Inc. is currently among the favorite stock-option bets on Wall Street thanks to traders' liking of Elon Musk’s electric car manufacturing company.  Tesla options trading up to an average of 3 million contracts per day  Cboe Global Markets data shows that in...

Jet fuel prices up as demand jumps, refinery outages limit supply

By Shariq Khan, Laura Sanicola and Seher Dareen (Reuters) - Jet fuel prices have risen to levels never recorded in January as demand from China's lifting of COVID-19 travel restrictions and U.S. refinery outages, with the surge likely to continue, analysts and...

Southwest Airlines warns of quarterly loss after holiday meltdown

By Rajesh Kumar Singh and Kannaki Deka (Reuters) -Southwest Airlines Co on Thursday warned of a loss in the current quarter as passengers shunned the carrier in the immediate aftermath of an operational meltdown that forced it to scrap thousands of flights between...

Tesla Could Easily Test $220 Again Shortly

Tesla (TSLA) could see $220 – and fast. After getting hammered on Chinese lockdowns, Twitter, a potential recession, slowing sales, you name it, Tesla is accelerating again.  For one, the electric vehicle boom has only just begun. Globally, 10% of all new autos bought...

Stocks slide as corporate results spur recession fears

By Herbert Lash NEW YORK (Reuters) -Global equity markets skidded on Wednesday as poor corporate results fueled recession fears, as did the ongoing inversion of short- and long-dated Treasury yields - a harbinger of economic downturns. But the main indexes on Wall...

Musk explores raising $3 billion to pay off Twitter debt – WSJ

(Reuters) -Elon Musk's team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter Inc for his buyout of the company, the Wall Street Journal reported on Wednesday, citing people familiar...

“Doomsday” Opportunities with the Clock at 90 Seconds to Midnight

The Russia-Ukraine conflict could get far worse. Just today, Russia warned that Germany’s decision to send tanks to Ukraine is “extremely dangerous” and will “take the conflict to a new level,” as noted by Daily Mail. “The United States will provide 31 M1 Abrams tanks...

Two Oversold Stocks that Could Thrive as Consumers Cut Back

If we’re not already there, we’re headed for recession. Unemployment is expected to tick higher.  For example, according to the National Association for Business Economics, 20% of the group’s members expect companies to cut headcounts.  All thanks to the potential for...