Latest Market News
Cryptocurrency exchanges and financial services companies will soon likely no longer be able to accept transactions completed with many major credit cards following the companies ceasing operations for Russia-based users. On Saturday, Visa, Mastercard, and PayPal announced they would be suspending operations in Russia following the country’s military actions in Ukraine. Visa called Russia’s actions […]
XPO Logistics Inc. XPO, +2.72% stock rallied more than 8% in the extended session Tuesday after the logistics company announced plans to split itself into two publicly traded companies, a deal it said would be tax-free to shareholders. One of the companies would encompass XPO’s freight brokerage business, which matches loads from shipping customers to […]
Oil prices raised their gains by more than 4% in Tuesday’s trading, with Brent crude rising above $129, amid fears of official sanctions on Russian oil and fuel exports, raising concerns about the availability of supplies. On Monday, oil prices ended more than 4% higher, trimming their gains after touching the highest level since July […]
Spotify Shares Continue LowerSpotify shares are trading lower once again this week with prices now at their lowest level since the beginning of the pandemic in Q1 2020. The company has been mired with negative press over the last 6 – 12 months. Firstly, there was investor disgust over news that Spotify founder and owner […]
Nickel Rally Sparks Emergency MeasuresTheLondon Metals Exchange has today introduced emergency measures to halt the tradingof Nickel. The LME took the action in response to the dramatic rally in priceswhich has seen the futures market soaring to record highs of over $100,000 pertonne, with price having doubled in the last 24 hours.Fearsof a supply shortage […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 2.8 million barrels for the week ended March 4, according to sources. The API also reportedly showed weekly inventory declines of nearly 2 million barrels for gasoline and 5.5 million barrels for distillates. Crude stocks at the Cushing, Okla., delivery hub were […]