Oil price stable as supply problems in Libya offset less-than-expected US inventory reductions
Aug 29 (Reuters) – Oil prices steadied on Thursday after two sessions of losses as supply concerns about Libya returned to focus, while a smaller-than-expected draw in U.S. crude inventories dampened demand expectations. Brent crude futures fell 7 cents, or…
Nvidia’s forecast dampens AI enthusiasm of other technology stocks
Nvidia loses $200 billion in market value Other AI companies such as Broadcom, AMD, Microsoft and Amazon are also losing ground Investors’ high expectations led to disappointment despite Nvidia’s strong earnings August 28 (Reuters) – Nvidia shares (NVDA.O)opens new tab…
Stock prices fall slightly, oil price rises due to supply concerns in the Middle East and Libya
Article 1 of 3 Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo (1/3)Traders work on the trading floor of the New York Stock Exchange…
With US interest rate cuts looming, the chances of an economic “soft landing” could determine equity performance
Investors focus on economic data to gauge a soft landing Labor market data crucial for future interest rate cut expectations September is traditionally the weakest month for the performance of the S&P 500 Aug 26 (Reuters) – With rate cuts…
Kamala Harris: As president, she wants to implement tax cuts for the middle class
CHICAGO, Aug 22 (Reuters) – Democratic presidential candidate Kamala Harris said in her speech to the Democratic National Convention on Thursday that as president she would seek a tax cut for the middle class. Harris said her opponent, Republican presidential…
Wall Street closes lower as tech stocks weigh; Jackson Hole in focus
Weekly unemployment reports meet expectations US Treasury yields rise as recession fears ease Zoom benefits from increased full-year revenue forecast Indices in the red: Dow 0.43%, S&P 500 0.89%, Nasdaq 1.67% NEW YORK, Aug 22 (Reuters) – All three major…
Toronto stock exchanges close lower as rail closures threaten economy
TSX closes 0.4% down at 23,037.47 Two of the largest railway operators lock out their workers TD Bank reports quarterly loss Commodity sector loses 1.6 percent, technology sector 1.5 percent TORONTO, Aug 22 (Reuters) – Canada’s main stock index fell…
Global stock prices rise on Fed interest rate cut bets
Article 1 of 2 LSEG signage is seen on screens in the lobby of the London Stock Exchange in London, Britain, May 14, 2024. REUTERS/Hannah McKay/File Photo (1/2)LSEG signage is seen on screens in the lobby of the London Stock…
