Monthly Archives: November 2022

Apple falls as it says it’s temporarily reduced production of its newest iPhones because of China’s COVID-19 restrictions

Reuters Apple shares fell Monday after the company said COVID measures have lowered output at a key factory in China.   Apple said it expects lower iPhone 14 Pro and iPhone 14 Pro Max shipments than it had anticipated.  It’s an “absolute gut punch for Apple in its most important holiday quarter,” wrote Wedbush analyst Dan…

Russia’s oil exports to Asia hit the highest so far this year as time is running out before new sanctions kick in

Russian President Vladimir Putin. Mikhail Svetlov/Getty Images Russian crude exports to Asia reached their highest mark so far in 2022, according to Bloomberg data.  Meanwhile, total Russian seaborne crude exports hit a five-month high last week. The European Union’s sanctions on Russian crude are set to begin December 5.  Russian crude exports to Asia reached…

US stocks edge higher as investors head towards election day and await fresh inflation data

Traders working at the NYSE. Xinhua News Agency/Getty Images US stocks rose Monday following losses in the previous week.  This week will feature midterm elections in Congress and the October inflation report.  Apple was in focus as COVID restrictions in China hamper production. US stocks moved slightly higher Monday, entering the new trading week with…

Putin ally admits Russia interfered in US elections, says it’s working ‘surgically’ to disrupt the midterms

Russian billionaire and businessman Yevgeny Prigozhin. Mikhail Svetlov/Getty Images Yevgeny Prigozhin, an ally of Russia’s Vladimir Putin, admitted to interfering in past US elections. “We have interfered, we are interfering and we will continue to interfere,” he said on social media. Russia has long denied US accusations that it meddles in its elections.  Yevgeny Prigozhin,…

There are 2 big catalysts that could be a ‘game changer’ for the stock market this week, according to Fundstrat’s Tom Lee

Cindy Ord/Getty Images Two big catalysts this week could represent a “game changer” for the stock market, according to Fundstrat’s Tom Lee.The outcome of Tuesday’s midterm elections and Thursday’s CPI report could turn around investor sentiment.“As hopeless and negative as sentiment appears, positive data points could be on horizon,” Lee said. The stock market has…