U.S. stock-index futures early Tuesday pointed to a second day of losses for the major benchmarks after a historic fall for oil, as investors braced for a fresh slate of earnings and weighed the impact of overnight developments. President Donald Trump said he planned to sign an executive order to …
Read More »Futures Movers: Oil prices climb as key OPEC+ production conference set to get under way
Oil futures rose in electronic trade early Thursday as investors awaited the outcome of a crucial meeting of OPEC and its allies that is intended to end a price war between Russia and Saudi Arabia. Investors bid the price of crude up on Wednesday in anticipation of a pact between …
Read More »Futures Movers: Oil prices fall as supply fears outweigh U.S. stimulus package
Oil futures fell Wednesday, with worries about growing supply amid a price war between Saudi Arabia and Russia outweighing support from an agreement on a $ 2 trillion U.S. economic stimulus program. Weekly data from the Energy Information Administration, meanwhile, revealed a smaller-than-expected weekly climb in U.S. crude inventories, but …
Read More »Futures Movers: Oil prices stage rebound after days of relentless selling
Oil prices bounced off their lowest levels in 20 years on Thursday, as investors absorbed a huge influx of central bank and government support measures against economic fallout from the coronavirus and Russia indicated it would like to see higher prices. The front-month April West Texas Intermediate crude contract CLJ20, …
Read More »Metals Stocks: Gold prices jump more than 3% after Fed announces short-term funding facility
Gold prices punched higher Tuesday, with gains for the metal coinciding with an announcement that the Federal Reserve was establishing a lending facility to assist U.S. corporations in rolling over short-term debt, a key area of the market that had frozen during the coronavirus pandemic. A gain for the precious …
Read More »Market Snapshot: U.S. stock futures fall as crude oil prices plunge 30% on price-war fears
U.S stock futures and crude oil prices plunged in electronic trading late Sunday, as fears of a global oil-price war combined with coronavirus fears to rattle traders. Dow Jones Industrial Average futures YM00, -4.86% were last down more than 1,100 points as S&P 500 futures ES00, -4.89% and Nasdaq Composite …
Read More »Market Extra: An all-out war for dominance has erupted among OPEC and its allies, and now oil investors brace for a race to the bottom on prices
It’s every country for itself, or so it seems after a meeting between OPEC and other major producers ended in acrimony on Friday, which has the market now worried about a price war between some of the biggest oil producers in the world. Russia and Saudi Arabia are likely to …
Read More »Samsung prices cheapest new Galaxy smartphones at $1,000, even after Apple went lower on iPhone
Samsung Electronics Co. Ltd. announced a new lineup of its popular Galaxy smartphones Tuesday, with a base price of $ 1,000 that is moving in an opposite direction of rival Apple Inc.’s iPhones. The South Korean electronics giant unveiled three Galaxy S20 phones with 5G connectivity and better cameras, ranging …
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