Day: October 5, 2022
President Joe Biden’s July trip to Saudi Arabia was “absolutely not” a waste of time, a White House spokesman said Wednesday in response to a question on that issue following news that a key panel has recommended the Organization of the Petroleum Exporting Countries and its allies cut oil CL00, +1.68% production by 2 million […]
Tyson Foods Inc. TSN, -1.60% said Wednesday that it will relocate all employees at its corporate offices in downtown Chicago and suburban Downers Grove, Ill., and Dakota Dunes, S.D., to its world headquarters in Springdale, Ark. The meat and processed-foods company said the first phase of the relocation will start in early 2023. “Bringing our […]
The Organization of the Petroleum Exporting Countries and its Russian-led allies agreed Wednesday to cut crude production by 2 million barrels a day, news reports said. Speculation of a cut of up to 2 million barrels a day had built ahead of the meeting, helping to lift crude futures sharply on Monday and Tuesday. Futures […]
U.S. stocks opened lower Wednesday, giving back some of this week’s sharp gains as Treasury yields rise and investors assess data showing job growth in September. The Dow Jones Industrial Average DJIA, -0.88% fell 1% soon after the bell, while the S&P 500 SPX, -1.18% dropped 1.1% and the Nasdaq Composite COMP, -1.69% slid 1.4%, […]
A key panel on Wednesday recommended that the Organization of the Petroleum Exporting Countries and its allies cut oil production by 2 million barrels a day, according to news reports. The recommendation by the Joint Ministerial Monitoring Committee comes ahead of a meeting of OPEC+ delegates in Vienna that’s slated to begin shortly. Expectations for […]
The BTC recovered pretty much, but doesn’t want to follow the American stock market. On Wednesday, the asset is mostly fluctuating at $20,238. So, the major crypto was supported from two sides: a rebound of the American exchanges and a correction in the DXY. All technical aspects for the BTC remain pretty much the same, […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rising inside the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen at 1.1375 and then resume moving upwards to reach 1.1895. Another signal in favour of a further uptrend […]
The use cases of nonfungible tokens (NFTs) have evolved from pixelated Punks and Apes to real-world applications like real estate contracts and music royalties. Another use case is surfacing as the Monuverse uses NFTs to preserve cultural heritages around the world. Through a combination of blockchain technology, 3D imaging, generative art and local collaboration, the […]
The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 1.4 million barrels for the week ended Sept. 30. On average, analysts forecasted a decline of 1.5 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also reported weekly inventory declines of 4.7 million barrels for gasoline […]
Shares of Lamb Weston Holdings Inc. LW, +4.79% jumped 2.0% in premarket trading Wednesday, after the potato supplier reported fiscal first-quarter profit that beat expectations, higher prices helped offset a volume decline. Net income for the quarter to Aug. 28 jumped to $231.9 million, or $1.60 a share, from $29.8 million, or 20 cents a […]
