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President Joe Biden “is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine,” said a White House statement on Wednesday from National Security Adviser Jake Sullivan and top economic adviser Brian Deese. “In light of today’s action, […]
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%, […]
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, […]