Oil prices rise following industry report of fall in US crude inventories Oil prices rose on Wednesday as demand persisted despite high interest rate hikes, industry reports showed a drop in US crude inventories, Reuters reported citing American Petroleum Institute figures released on Tuesday. Brent crude futures gained $1.31, or 1.46%, to stand at $95.87 …
Australia’s central bank hikes rates by 25 basis points as expected The Reserve Bank of Australia raised interest rates by 25 basis points to 2.85%, in line with the average forecast by analysts in a Reuters poll. This is the seventh consecutive tightening move by the RBA in a bid to control inflation in the …
Australia raises 25 bps as expected, Hong Kong stocks lead gains in Asia-Pacific markets Read More »
CNBC Pro: What investors should buy in this ‘short lived’ rally, according to one analyst After October’s stock market rally, investors are debating whether stocks have hit the bottom or if it’s another short-lived bounce. Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management, is in the latter camp, arguing that the rally, …
The annual rate of consumer-price inflation in the eurozone increased to double digits in October, reaching a record and highlighting the challenges facing the European Central Bank after it signaled a coming slowdown in the pace of its rate increases. The broad measure of consumer prices has risen sharply since Russia’s invasion of Ukraine and …
Eurozone Inflation Rate Rises to 10.7% as Recession Looms Read More »
Never have the bulls been more bashful and timid. Never have the bears been so ascendant and so wrong. Oh sure, the bears nailed Meta Platforms (META) and hit Microsoft (MSFT) out of the park. Amazon (AMZN) flopped. So did Alphabet (GOOGL). But when the bears — with the help of everyone in the media …
Jim Cramer: The tech tyranny is over. These are the stocks driving this market Read More »
(Bloomberg) — Investors just got over a hectic week, contending with a blitz of earnings from some of America’s biggest companies as well as a pile of uncertain economic and geopolitical news. But what’s coming may be even worse. Most Read from Bloomberg In the span of just seven trading sessions, there will be four …
Jittery Stock Traders Eye Four Days That Will Sow Market’s Fate Read More »
Goldman Sachs said this week that there are a bunch of stocks that are poised for long-term growth. These five companies are all coming off of quarterly results, and analysts say they have attractive upside for patient investors. CNBC Pro combed through the top Wall Street research to find some of Goldman’s top buying opportunities …
CNBC’s Jim Cramer on Friday said that next week’s jam-packed week of earnings and economic data releases could result in good news for the Federal Reserve’s battle against inflation. “This market’s trading like next week, we’ll see some real signs that the Fed’s winning its war on inflation, and they can, therefore, ease up on …
Cramer’s week ahead: There could be ‘real signs’ for the Fed to slow down Read More »
The world’s largest oil companies continue to reap rewards from sustained high commodity prices as Exxon XOM 2.93% Mobile Corp. reported almost $20 billion in profit, its most lucrative quarter ever, while rival Chevron Corp. CVX 1.17% reported just a slight dip from the record haul it set in the previous quarter. Despite the hefty …
Exxon Hits Record Profits Again as Oil Industry Sees Banner Quarter Read More »
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retain 1,000, and significantly increase battery cell and electric truck manufacturing capacity. Jeff Kowalsky | AFP | Getty Images DETROIT – General Motors is suspending its advertising on Twitter following …
GM temporarily suspends advertising on Twitter following Elon Musk’s takeover Read More »
