Archive for Tag: market outlook

Oil falls amid dollar strength; demand picture still bullish

Brent Crude was trading 1.15% down at  $72.25. Oil prices fell for a second straight session on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but they were on track to finish the week little changed and only slightly off...

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Brent Crude oil Prices

Oil hits new high near $75 on demand rise, falling inventories

Brent Crudewas trading 0.54% up at $74.37. Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S Crude inventories. The American Petroleum Institute reported U.S. crude...

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Brent Crude oil Prices

Oil gains as risk of Iran supply resumption recedes

Brent Crudewas trading 0.80% up at $73.44. Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran. Brent...

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Apple’s Tim Cook to defend App Store at trial with Fortnite maker

Apple Inc (NASDAQ:AAPL) UP 2.10% AT 127.31 Apple Inc (NASDAQ:AAPL) Chief Executive Tim Cook on Friday will take the witness stand to defend the App Store, a booming part of the iPhone maker’s business that “Fortnite” maker Epic Games says is a monopoly that Apple abuses. Cook is expected...

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Toyota Motor powers to record high with cyclical shares back in demand

Toyota Motor (NYSE:TM) UP 1.98% AT 8819 Shares of Toyota Motor (NYSE:TM) touched a record high on Tuesday as investors flocked back to automakers and other relatively cheap cyclical stocks while ditching tech companies that shone earlier in the pandemic. Toyota’s shares rose as much as 2.6% to 8,869...

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AXA

Axa division in Asia hit by ransomware cyber attack

AXA UP 0.40% AT 22.74 French insurer Axa said on Sunday that one of its businesses in Asia was hit by a ransomware attack, adding that it was investigating after some data processed in Thailand was accessed. The group said the cyber-attack had targeted its Asia Assistance division, impacting...

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General Motors Co

Mexico union was losing scrapped GM worker vote

General Motors Co (NYSE:GM) DOWN 3.53% AT 53.76 General Motors Co (NYSE:GM)workers in Mexico were on track to defeat one of the country’s biggest unions in a contract vote last month that has prompted U.S. action under the countries’ trade deal, a Mexican government report shows. The Biden administration...

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International Business Machines

IBM unveils 2-nanometer chip technology for faster computing

International Business Machines (NYSE:IBM) Corp DOWN 0.36% AT 145.22 For decades, each generation of computer chips got faster and more power-efficient because their most basic building blocks, called transistors, got smaller. The pace of those improvements has slowed, but International Business Machines (NYSE:IBM) Corpon Thursday said that silicon has...

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Chevron

Chevron profit drops on weaker refining margins, storm hit

Chevron Corp (NYSE:CVX)’s UP 1.51% AT 83.88 Chevron Corp (NYSE:CVX)’sfirst-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset sale that benefited results last year. Oil...

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