Brent Oil was trading 0.69% down at $77.56. Oil prices held steady on Thursday after rising above $80 a barrel this week, shrugging off bearish factors such as rising U.S. crude oil inventories and a strong dollar amid consensus that a supply deficit will stay for coming months. Brent...
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Check out the companies making headlines before the bell: CarMax (KMX) – The auto retailer missed estimates by 18 cents with quarterly earnings of $1.72 per share, although revenue topped analyst projections. Comparable pre-owned car sales rose 6.2%, less than the 7.3% estimate of analysts surveyed by StreetAccount. CarMax...
1.Goldman Sachs:  Goldman Sachs has appointed Andy Tai as head of investment banking in Southeast Asia, according to an internal memo seen by Reuters. Tai, who retains his senior role as a technology, media and telecom banker at the U.S. bank, will relocate to Singapore from Hong Kong to...
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New Delhi: Gold in the national capital on Thursday declined by Rs 154 to Rs 44,976 per 10 gram reflecting an overnight decline in international precious metal prices, according to HDFC Securities. In the previous trade, it had settled at Rs 45,130 per 10 gram. Silver also dipped Rs...
Economist Stephen Roach is warning that the U.S. may be on a collision course with 1970s-type inflation. The former Morgan Stanley Asia chairman is worried that the impact of energy price spikes on China’s struggling supply chain will be the tipping point. Crude oil topped $80 a barrel this...
Supply chain woes from Covid and crude may spark ’70s-style inflation, economist Stephen Roach warns
Economist Stephen Roach is warning that the U.S. may be on a collision course with 1970s-type inflation. The former Morgan Stanley Asia chairman is worried that the impact of energy price spikes on China’s struggling supply chain will be the tipping point. Crude oil topped $80 a barrel this...
U.S. stock index futures rose slightly on Thursday to close out a volatile and losing month for stocks. Tech stocks bounced a bit in premarket trading after struggling this week because of a rapid rise in rates. The 10-year Treasury yield eased slightly in early trading. Futures contracts tied...
Citigroup Inc. predicts India’s central bank will raise its reverse repo rate next week rather than the December increase expected earlier, becoming one of the first big banks to forecast the rollback of emergency measures as growth recovers and inflation expectations stay high. Governor Shaktikanta Das will probably announce...
U.S. stock index futures rebounded on Thursday to close out a volatile and losing month for stocks. Tech stocks bounced a bit in premarket trading after struggling this week because of a rapid rise in rates. The 10-year Treasury yield eased slightly in early trading. Futures contracts tied to...
European stock markets are expected to open higher Thursday, continuing to stabilize after the sharp losses earlier this week, but doubts about China’s economic expansion remain. At 2:05 AM ET (0605 GMT), the DAX Futures contract in Germany traded 0.7% higher, CAC 40 Futures in France climbed 0.7% and...
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