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Oil gains with supply constraints in focus after Saudi cuts
Oil prices rose almost 1% on Thursday after a fall in U.S. stockpiles added further support following the unilateral decision by Saudi Arabia, the world’s biggest exporter, to cut output over the next two months. It was not immediately clear how the storming of the U.S. Capitol by supporters of President Donald Trump would impact
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Verizon Settles Price Dispute with Hearst Television
Verizon Communications has settled its contract dispute with multimedia company Hearst Television, Reuters reported citing a statement by the company’s representative. Notably, Verizon (VZ) had earlier warned its Fios customers that the Hearst channels might go dark from Jan. 1, due to “the unreasonably high rates” demanded by the broadcaster group. Though the terms of
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Gold Up, Amid Senate Delay on U.S. Stimulus Checks, Increase Vote
Gold was up on Wednesday morning in Asia, boosted by a weaker dollar. Investors are also digesting the news that U.S. Senate Majority Leader Mitch McConnell postponed a vote on increasing the amount of U.S. stimulus checks. Gold Futures were up 0.32% at $1,888.85 by 11:40 PM ET (4:40 AM GMT). The {{8827|dollar}, which usually moves
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Walmart Launches Free Return Pickup Service Via FedEx; Street Is Bullish
Walmart on Monday launched a new free return pickup service – Carrier Pickup by FedEx – in an effort to take the hassle out of holiday season gift returns. By using the new service, Walmart’s customers will be able to schedule a return for products bought online. The service is available via the company’s website
Read MoreOil prices skid as new coronavirus strain fuels demand concerns
Oil prices dropped about 3% on Monday as a fast-spreading new coronavirus strain that has shut down much of the United Kingdom fuelled worries over a slower recovery in fuel demand amid tighter restrictions in Europe. Brent Crude slid $1.54, or 3.0%, to $50.72 a barrel by 0510 GMT after rising 1.5% and touching its
Read MoreTesla heads to the S&P after a meteoric rise and some investors want more
Shares of the electric vehicle maker are up nearly 700% over the last year, a meteoric rise that has punished short-sellers and turned it into the world’s most highly-valued automaker. The company’s formal entry into the S&P 500 on Monday is expected to generate unprecedented activity near the close of trade on Friday as index-tracking
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