South African president has pledged to accelerate reforms aimed at boosting growth, attracting investment and improving government efficiency. Bloomberg’s Jennifer Zabasajja reports on Cyril Ramaphosa‘s state-of-the-nation address. (Source: Bloomberg)
South African president has pledged to accelerate reforms aimed at boosting growth, attracting investment and improving government efficiency. Bloomberg’s Jennifer Zabasajja reports on Cyril Ramaphosa‘s state-of-the-nation address. (Source: Bloomberg)
Oil-company stocks have surged sharply since the start of the year — and analysts see that as a bullish sign for the rest of it. The rally stalled on Thursday, as the companies were pulled down in the broader rout , and there’s plenty of uncertainty — about the economy, geopolitics and even the fallout of artificial intelligence — that could cause 2026 to buck historic patterns. But the roughly 21...
Oil-company stocks have surged sharply since the start of the year — and analysts see that as a bullish sign for the rest of it. The rally stalled on Thursday, as the companies were pulled down in the broader rout , and there’s plenty of uncertainty — about the economy, geopolitics and even the fallout of artificial intelligence — that could cause 2026 to buck historic patterns. But the roughly 21% advance in the S&P 500’s energy index has outstripped every other sector so far this year. It’s the second strongest start to a year since 1990, according to Bespoke Investment Group data, exceeded only by 2022, when oil prices were surging as the world economy emerged from the pandemic. For energy stocks, strong starts have tended to result in strong finishes: In the three previous instances when the sector rose 10% from the beginning of the year through mid-February, it went on to see gains of at least another 15% during the remainder of the year, according to data compiled by Bespoke Investment Group. And investors are increasingly taking note: They poured $2.6 billion into the State Street Energy Select Sector SPDR ETF in January, the most since 2008, data compiled by Bloomberg show. Oil prices have climbed this year amid lingering geopolitical tensions around Iran, tighter sanctions on Russian exports and the risk of supply disruptions along key shipping routes. Strategists at DataTrek Research compared the sector’s relative performance with that of the S&P 500 and came to a similar conclusion. There’s been seven times since 2015 that the energy index has outperformed the S&P 500 by at least 20.9 percentage points over a 50-day period — and in each case it continued to outperform for the next 50 days, DataTrack figures show. Beyond that, the energy industry’s weighting in the S&P 500 — at just over 3% — leaves ample room for investors to overweight their portfolios toward the sector, Nicholas Colas , co-founder of DataTrek wrote. “Energy is the one S&P 500 group we w...
When OpenAI released ChatGPT to the public on Nov. 30, 2022, shares of Nvidia (NASDAQ: NVDA) were priced at $1.69 per share, adjusting for stock splits. As of Wednesday's market close, shares were priced at $191.10, a stunning 11,208% rise that would have turned every $1,000 invested back then into $113,900. Even over three-plus years, it's the kind of gain investors dream of getting even once. Bu...
When OpenAI released ChatGPT to the public on Nov. 30, 2022, shares of Nvidia (NASDAQ: NVDA) were priced at $1.69 per share, adjusting for stock splits. As of Wednesday's market close, shares were priced at $191.10, a stunning 11,208% rise that would have turned every $1,000 invested back then into $113,900. Even over three-plus years, it's the kind of gain investors dream of getting even once. But amazingly, Nvidia may still have significant upside remaining. In fact, there's reason to think that shares are even cheaper than they were at ChatGPT's debut. Here's why. Image source: Getty Images. Continue reading
Affected coastal regions experience heavy rain, high tides and strong winds, with farms and businesses left damaged Tropical Cyclone Mitchell hit the coast of Western Australia last week. It initially developed as a weak tropical low over the Northern Territory in early February, then tracked eastwards over Western Australia’s Kimberly region and eventually reached the Indian Ocean. Fuelled by war...
Affected coastal regions experience heavy rain, high tides and strong winds, with farms and businesses left damaged Tropical Cyclone Mitchell hit the coast of Western Australia last week. It initially developed as a weak tropical low over the Northern Territory in early February, then tracked eastwards over Western Australia’s Kimberly region and eventually reached the Indian Ocean. Fuelled by warm waters, Mitchell intensified into a tropical cyclone and moved south-west, hugging the coast of Western Australia and eventually deepened to a category three storm. Continue reading...