On Friday, stocks had a great day! The S&P 500 went up by 0.9% to hit 5,751.07, and the Nasdaq Composite did even better with a 1.22% increase to 18,137.85. The Dow Jones Industrial Average also had an amazing day, adding 341.16 points for a new record high of 42,352.75. The jobs report for September was way better than expected! It showed that nonfarm payrolls grew...
The start of October has been marked by a complex web of events that are sending mixed signals to investors. On one hand, the stock market is facing a rough patch, with all three major averages snapping their three-week winning streak. However, on the other hand, new jobs data has shown significant growth, and oil prices have surged due to geopolitical tensions. The...
Yesterday, Iran launched a bunch of missiles at Israel. This isn't just a small fight; it's between two countries that have been enemies for a long time. It's all because Israel recently fought against Iran-supported Hezbollah fighters in Lebanon, and now Iran is retaliating. Iran is one of the biggest oil producers in the world, so this conflict has people worried a...
Saudi Arabia, the world's leading oil exporter, has experienced a significant decline in its oil revenue, reaching a three-year low in June 2024. According to data from the General Authority for Statistics, the kingdom earned 66.314 billion Saudi riyals ($17.683 billion) from oil sales in June, marking a 12.6% decrease from May and the lowest earnings since August 20...