5 things to know before the opening of the Stock Exchange Thursday, May 19

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to open lower after worst day since 2020 on inflation concerns A trader works on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., May 18, 2022. andrew kelly | … Read more

What does this mean for investors as the pair approaches parity?

The euro sign sculpture stands in front of the former headquarters of the European Central Bank (ECB) in Frankfurt, Germany, Sunday, July 3, 2016. Krisztian Bocsi | Bloomberg | Getty Images The euro is approaching parity with the US dollar for the first time in 20 years, but currency strategists are divided on whether it … Read more

Gasoline could top $5 a gallon this summer, causing more pain for consumers

Current gasoline prices are shown in Garden Grove, California on March 29, 2022. Mike Blake | Reuters Gasoline prices are a wild card for consumers’ wallets this summer as tight supply and uncertainty in Ukraine could push fuel costs up significantly. Gas prices are climbing towards $5 and they look set to stay high even … Read more

China is the second largest bitcoin mining hub as miners go underground

In September 2021, China accounted for just over 22% of the total bitcoin mining market, according to research from the University of Cambridge. Paul Ratje | The Washington Post | Getty Images Bitcoin miners are not giving up in China despite Beijing banning the practice. China was once the world’s largest crypto mining hub, accounting … Read more

Market Mayhem and Bitcoin Low Price Call

Watch this video on YouTube or Rumble Listen to the episode here: In this episode of the “Fed Watch” podcast, Christian Keroles and I, along with the livestream team, discuss macro developments regarding bitcoin. Topics include the Fed’s recent 50 basis point rate hike, a look at the consumer price index (CPI) – the episode … Read more

Charts suggest oil’s upside is limited despite short-term rallies, says Jim Cramer

CNBC’s Jim Cramer said Tuesday that while the price of crude oil may see some gains, its duration and magnitude will be limited, based on analysis from DeCarley Trading commodity strategist Carley Garner. “The charts, as interpreted by Carley Garner, suggest that the good news for oil may be mostly priced in, meaning the upside … Read more

Retail stock picks to ride market volatility

Jordan Cvetanovski of Pella Funds Management named two retail stocks that he believes stand out and are likely to ride out current market volatility. Cvetanovski, chairman, chief investment officer and portfolio manager at Pella, named US discount store Dollar General and UK-based clothing retailer JD Sports as picks during CNBC Pro talks. Although buyers are … Read more

Some factories might leave China, but overall it doesn’t matter

China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the short term. An employee works on the production line of screens for 5G smartphones at a factory on May 13, 2022 in Ganzhou, China’s Jiangxi province. Zhu Haipeng | Visual Group China | Getty Images BEIJING — … Read more

Covid lockdowns weigh on retail and industrial production data

The continued spread of Covid and the resulting stay-at-home orders – mainly in Shanghai – forced factories to close or operate at limited capacity in April. Pictured on May 12 is a refrigerator factory in Hefei, China, about a five-hour drive from Shanghai. Xie Chen | Visual Group China | Getty Images BEIJING — China … Read more

Fund manager explains how to make money in a volatile stock market

Jordan Cvetanovski of Pella Funds Management names companies to hold in uncertain times, some of which have done well during the global financial crisis and Covid. Speaking to CNBC Pro Talks last week, he noted global headwinds are rocking the stock market — and some sectors stand to benefit. Stock exchanges are one such business … Read more