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Tag: industry


Finance Tech, Liquidity, Trading

Oil prices ease, US crude stock build fuels demand fears

February 28, 2024

Via: Investing.com

Oil prices eased early on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated for longer also added to pressure. Brent crude futures fell 22 cents, […]


Finance Tech, Trading

Oil eases as Fed caution, stock build outweigh OPEC+ news

February 27, 2024

Via: Investing.com

Oil prices pulled back in Asia on Wednesday as the prospect of a delay in the U.S. rate-cutting cycle and a rise in U.S. crude stocks offset a boost on Tuesday from news OPEC+ might extend its output cuts. Brent […]


News

Boeing Efforts to Improve Safety Fall Short, FAA Panel Says

February 26, 2024

Via: The Wall Street Journal

Boeing’s push to improve its safety culture after two 737 MAX crashes is falling short, according to a panel tasked with reviewing the plane maker’s practices following the accidents. The independent panel established by the Federal Aviation Administration found a […]


News

Chord Energy, Enerplus to Combine in $11 Billion Deal

February 21, 2024

Via: The Wall Street Journal

Oil and gas producers Chord Energy CHRD -3.04% and Enerplus plan to combine in an $11 billion deal. The companies said Wednesday that the deal would be 90% in stock and 10% in cash. Chord shareholders would control about two-thirds […]


Finance Tech, Mobile Banking & Payments

Mastercard to be dinged by Discover deal

February 21, 2024

Via: Payments Dive

Mastercard is likely to suffer the biggest competitive blow in the card network industry if Capital One absorbs Discover Financial Services, shifting debit and credit payment flows to its newly acquired network. The deal is still subject to regulatory approvals […]


Industries, Manufacturing

Asian chipmaking stocks on edge before Nvidia Q4 earnings test

February 20, 2024

Via: Investing.com

Most major Asian chipmaking stocks moved in a flat-to-low range on Wednesday, tracking overnight declines in NVIDIA Corporation (NASDAQ:NVDA) as markets awaited more cues on an AI-driven boom from the chipmaker’s fourth-quarter earnings. Nvidia wiped out about $100 billion in […]


News

Chinese EV Maker BYD Exploring Mexico Factory as Entry to U.S. Market

February 15, 2024

Via: The Wall Street Journal

Chinese automaker BYD has set its sights on Mexico as its quest for global expansion turns toward North America. The Shenzhen-based car company, whose rapid growth has made it one of the world’s largest electric-vehicle sellers, is scouting locations in […]


Finance Tech, Liquidity

Oil prices fall on sticky inflation, bigger-than-expected US crude stock build

February 13, 2024

Via: Investing.com

Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the U.S. Federal Reserve. Brent futures […]


Finance Tech, Liquidity

Oil prices tread water ahead of CPI data, OPEC report

February 12, 2024

Via: Investing.com

Oil prices moved little in Asian trade on Tuesday as traders turned cautious ahead of key U.S. inflation data that is expected to factor into the path of interest rates, while an OPEC monthly report was also in focus. Prices […]


Energy, Industries

World’s largest offshore wind developer cuts back production targets as costs mount

February 7, 2024

Via: Sky News

Orsted, the company developing the Norfolk coast windfarm, Hornsea 3, also suspended shareholder payments in an effort to strengthen its balance sheet. In common with the industry more broadly, Orsted has been hit by high inflation, raised interest rates, project […]


Finance Tech, Liquidity

US Dollar Jumps After NFPs Smash Estimates, Gold Slumps

February 2, 2024

Via: DailyFX

The latest US NFP release showed the US jobs market in rude health with 353k new jobs created in January compared to forecasts of 180k. Last month’s headline figure was also revised higher to 333k from 216k. The closely watched […]


News

Mastercard preps for China business

February 1, 2024

Via: Payments Dive

Mastercard is preparing for a speedy rollout of services in the “massive economy” of China, Mastercard’s CEO said on a call with analysts Wednesday. Mastercard, the second-largest U.S. card network, is on track to launch services in China in the […]


News

Gold Price Forecast: US Jobs Data to Shape Near-Term Trend, Setup on XAU/USD

February 1, 2024

Via: DailyFX

The Federal Reserve concluded earlier this week its first meeting of 2024, voting to maintain its policy settings unchanged. The FOMC also abandoned its tightening bias, but indicated it will not rush to cut borrowing costs. Chairman Powell went a […]


Capital, Finance Tech

US bank stocks sink after New York Community Bancorp cuts dividend

January 31, 2024

Via: Investing.com

Regional U.S. bank stocks sank on Wednesday, dragged by a 38% plunge in the shares of New York Community Bancorp (NYSE:NYCB) after it cut its dividend and posted a surprise loss, renewing fears over the health of similar lenders. The […]


Finance Tech, Trading

Meta Stock Price at Record High Ahead of Earnings

January 31, 2024

Via: DailyFX

​The tech giant saw a staggering 194% jump in its stock price in 2023, a testament to the company’s robust performance in key areas such as user growth, engagement, and monetization—all achieved with a leaner operation. ​The surge in Meta’s […]


News

Oil Prices Pullback Sharply after Oil Tanker Strike, Caution Grows

January 30, 2024

Via: DailyFX

Brent crude oil was making a marvelous recovery since it consolidated in the early days of 2024 but such upward momentum has not only stalled, but cut back somewhat. After breaching the $83.50 mark, UK oil trade softened, closing around […]


News

Workers are sour on the job market — but it may not be warranted

January 29, 2024

Via: CNBC

Workers are sour on the job market — but that pessimism may be somewhat misplaced. The Glassdoor Employee Confidence Index in January fell to its lowest level since 2016, when the career site began tracking the metric, it said Monday. […]


Industries, Others

Boeing’s MAX production issues ripple across aerospace industry

January 25, 2024

Via: Investing.com

Boeing’s troubles with its 737 MAX jets are upending the aerospace industry’s 2024 plans, changing airlines’ fleet and expansion goals as U.S. regulators froze production of the best-selling jets. The FAA ramped up scrutiny of Boeing (NYSE:BA) after a frightening […]


News

Microsoft hits $3 trillion market value

January 24, 2024

Via: Investing.com

Microsoft (NASDAQ:MSFT)’s stock market value crossed the $3 trillion milestone for the first time on Wednesday, retaining its place as the world’s second most valuable company, just behind Apple. Microsoft and Apple shares (NASDAQ:AAPL) have been vying for the top […]


News

Pro Research: Wall Street deep dive into Nike’s market dynamics

January 22, 2024

Via: Investing.com

In the world of athletic apparel and footwear, few names carry the weight and recognition of Nike , Inc. (NYSE: NYSE:NKE). With a history of dominating the market through innovation and strategic branding, Nike has become synonymous with sports and […]