The Top 3 Reasons Oil Prices Could be Headed Back to $100
Oil prices are pushing aggressively higher. In fact, last checked, crude was up another $1.55 to $87 a barrel. For one, there’s fear of an imminent Russian invasion of Ukraine, which Secretary of State Anthony Blinken is trying to diffuse. However, according to NBC...
Top Stocks to Watch on News Microsoft to Acquire Activision
Microsoft is buying Activision Blizzard in a $68.7 billion all-cash deal. Not only could this boost Microsoft’s standing in the growing gaming industry, it’ll give the tech giant greater exposure to the metaverse. "Acquiring Activision will help jump start MSFT's...
Three Ways to Potentially Profit from the Coming NFT Boom
Investors may want to keep an eye on NFT (non-fungible token) stock. As we near development of the metaverse, the stock could see higher highs, especially with its potential NFT (non-fungible tokens). After all, according to Binance, NFTs “are the bridge to the...
Use Weakness as Opportunity in these Top Lithium Stocks
The pullback in lithium stocks is opportunity. In fact, after pulling back in recent weeks, Albemarle (ALB), Lithium Americas (LAC), Livent (LTHM), and American Lithium (LIACF) are all just starting to bottom out and pivot higher. After all, it’s tough to argue...
Hong Kong revokes ban on Boeing 737
(Reuters) - Airline operators can resume flying Boeing Co's 737 aircraft in Hong Kong, as the city's Civil Aviation Department lifted its ban on the aircraft on Friday, after nearly three years. (Reporting by Aishwarya Nair in Bengaluru; Editing by Amy Caren...
KKR’s bid target Telecom Italia appoints veteran manager Labriola CEO
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) appointed General Manager Pietro Labriola CEO on Friday, two sources close to the matter said, as the former phone monopoly weighs a response to a takeover approach by U.S. private equity investor KKR, ....
Aluminum cans to jet fuel: inflation dominates U.S. corporate earnings
By Uday Sampath Kumar and Praveen Paramasivam (Reuters) - Executives at U.S. companies including Monster Beverage and American Airlines have stressed on higher costs for everything from labor to raw materials in the last few days, pointing to more price increases as...
Oil majors TotalEnergies and Chevron withdraw from Myanmar
By Benjamin Mallet and Florence Tan PARIS (Reuters) -Oil majors TotalEnergies and Chevron Corp, partners in a major gas project in Myanmar, said on Friday they were withdrawing from the country, citing the worsening humanitarian situation following last year's coup....
VW agrees to $3.5 million settlement with Ohio
WASHINGTON (Reuters) - Volkswagen AG agreed to a $3.5 million settlement with Ohio over claims the German automaker violated state laws by manipulating vehicle computer software in its vehicles to mask carbon dioxide emissions, the state attorney general said. In...
France’s BNP Paribas postpones return to office for U.S. staff
By Davide Barbuscia NEW YORK (Reuters) - BNP Paribas is pushing back its return-to-office date for U.S. employees by nearly a month to the second week of February due to the Omicron variant, an executive at France's largest bank told Reuters. Wall Street firms were...
Intel to invest up to $100 billion in Ohio chip plants
By David Shepardson and Jane Lanhee Lee WASHINGTON/SAN FRANCISCO (Reuters) -Intel Corp said on Friday it would invest up to $100 billion to build potentially the world's largest chip-making complex in Ohio, as it looks to boost capacity amid a global shortage of...
U.S. leading economic indicator rises strongly in December
WASHINGTON (Reuters) - A gauge of future U.S. economic activity increased solidly in December, suggesting the expansion would continue despite challenges from the COVID-19 pandemic and anticipated interest rate increases from the Federal Reserve to tame high...
Nasdaq extends declines to fourth day on Netflix letdown
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) - Wall Street's main indexes fell on Friday, with the Nasdaq set for its fourth straight day of declines after a weak forecast from Netflix sent its shares along with other streaming companies spiraling lower....
Prepare for big central banks moving out of step: policymakers
By Balazs Koranyi, Leika Kihara and David Lawder (Reuters) - The world's biggest central banks, moving in tandem at the height of the pandemic, are set to tighten policy at vastly different speeds, likely increasing economic and market volatility this year, top...
Single stock options worth $1.2 trillion set to expire – Options Solutions
By Medha Singh (Reuters) - Single stock options totaling about $1.28 trillion were set to expire on Friday, potentially driving sharp market movements as Wall Street rounds out a turbulent week, analysts at Options Solutions said. The options expiration represents...