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7:57 a.m. Nov. 19, 2020 - By Michael Ashbaugh
Charting a bull-trend pullback, S&P 500 ventures under first support Focus: Airlines sustain vaccine-fueled technical breakout, Target tags record highs, JETS, TGT, HLT, JCI, METU.S. stocks are mixed early Thursday, vacillating after a lackluster batch of economic data and amid renewed concerns over pending economic lockdowns. Against this backdrop, the S&P 500 and Dow industrials have extended a thus far relatively orderly pullback from Monday’s record closes.
10:34 a.m. Oct. 9, 2020 - By Ciara Linnane
Coronavirus update: WHO warns of record single-day rise in global COVID-19 cases, while northeastern U.S. states heat up again Clusters emerge in Connecticut, Maryland, Pennsylvania and Rhode Island and New York City is seeing more than 500 cases a dayThe World Health Organization on Friday reported a record rise in global cases of the coronavirus that causes COVID-19 in the last 24 hours, in the latest sign that the illness is far from contained.
3:23 a.m. Oct. 8, 2020 - By Lina Saigol
Is cell-based meat the next big thing? Here are 5 companies leading the revolutionMosa Meat claims it can grow a “beef” patty for around $10.69.
1:02 a.m. Oct. 7, 2020 - By Andy Bornhop
Review: The new Mercedes-Benz S-Class The new sedan has a powerful engine, is packed with safety and driver-assist tech, and the heated and cooled front seats have 10 different massaging programsMercedes has poured much of its mechanical prowess and technical might into this large, luxurious machine
12:11 p.m. Oct. 2, 2020 - By Mark DeCambre
Stock market ends otherwise strong week lower Friday as President Trump's coronavirus diagnosis stokes uncertaintyThe three main U.s. stock benchmarks finished Friday in negative territory, but well off their lows, as investors parsed news that President Trump said he and the first lady tested positive for coronavirus. The news overnight unsettled global markets and injected a range of uncertainties into the psyche of investors just as the race for the White House between Trump and former Vice President Joe Biden is heating up. However, Wall Street managed to claw back from some of the lowest levels of Friday trade amid renewed talk of coronavirus stimulus aid in Congress, which could help extend gains for equity markets and help to stimulate an economy that some say is showing signs of stalling out as it recovers from the deadly disease that has now stricken the leader of the largest democracy. The Dow Jones Industrial Average closed off 134 points, or 0.5%, but had been down by as many as 434 points. The S&P 500 index closed off 1% lower at 3,348 but had hit an intraday low at 3,323. The technology-laden Nasdaq Composite Index took it on the chin as those stocks that have seen the most momentum higher sold off. The Nasdaq closed down 2.2% to close at 11,075. Meanwhile, the small-capitalization focused Russell 2000 index closed the session higher, reflecting some bets that the economy is improving, albeit, in fits and starts. For the week, the Dow closed the week 1.9% higher, the S&P 500 booked a 1,5% weekly gain, while the Nasdaq finished the week up 1.5%. Trump's new overshadowed mixed results from the September jobs report and an otherwise upbeat session for equity investors after four weeks of losses.
11:37 a.m. Sept. 25, 2020 - By Myra P. Saefong
Oil prices post a weekly fall on worries over COVID-19 impact on crude demand WTI, Brent oil futures trade almost 3% lower for the weekOil futures edge lower Friday, with both major benchmarks posting their third weekly decline in four weeks as worries about the demand outlook grow in response to rising COVID-19 cases.
10:09 a.m. Sept. 25, 2020 - By Keith Wade
Where to invest when climate change forces a tax on carbon and oil is no longer widely used Rising temperatures worldwide could boost stock-market returns in colder countries but hurt returns in warmer countriesRising temperatures worldwide could boost stock-market returns in colder countries but hurt returns in warmer countries.
11:04 a.m. Sept. 24, 2020 - By Myra P. Saefong
Oil prices end higher, buoyed by signs of tighter supplies Natural-gas futures tally a 2-session gain of nearly 23%Oil futures finish higher on Thursday, supported by signs of tighter U.S. supplies, despite persistent concerns that rising cases of COVID-19 will lead to weaker energy demand.
11:20 a.m. Sept. 23, 2020 - By Myra P. Saefong
Oil futures settle higher, but U.S. prices fall short of reclaiming $40 mark U.S. crude supplies down a second week, but demand concerns remainOil futures gain on Wednesday, but U.S. benchmark prices came up short on reclaiming the $40 mark, as domestic crude supplies declined for a second week in a row, but coronavirus-related lockdowns in Europe fed expectations for weaker energy demand.
11:10 a.m. Sept. 22, 2020 - By Myra P. Saefong
Oil scores partial rebound as traders bet on a second weekly decline in U.S. crude supplies WTI oil futures climb, but hold below $40 a barrelOil settles higher Tuesday, finding support from expectations for a second weekly decline in U.S. crude supplies. Prices recoup a portion of the sharp decline a day earlier when the rise of COVID-19 cases fed a global equity selloff.
9:03 a.m. Sept. 22, 2020 - By Lina Saigol
More European bank mergers on way says Deutsche Bank, as it prepares to shut one in five branches Deutsche Bank plans to close one in five branches in GermanyEuropean banks are looking at consolidating to boost profitability after a decade of low interest rates and rising bad debts.
11:20 a.m. Sept. 17, 2020 - By Myra P. Saefong
Oil prices finish higher as OPEC+ stresses full compliance with output quotas JMMC recommends extension of output-cut compensation mechanism to the end of the yearOil futures climb on Thursday as the Organization of the Petroleum Exporting Countries and its allies stress the importance of full compliance with output cuts during their monthly meeting.
11:06 a.m. Sept. 14, 2020 - By Myra P. Saefong
Oil ends lower on weak demand outlook, but storm disruptions to Gulf output limit losses Natural-gas futures up almost 2% on hurricane-related output cuts Oil futures end lower on Monday, undercut by continued demand worries as the Organization of the Petroleum Exporting Countries further reduces its outlook for demand growth. A storm in the Gulf of Mexico, however, is disrupting energy output in the region, limiting losses for oil and lifting prices for natural gas.
11:07 a.m. Sept. 9, 2020 - By Myra P. Saefong
Oil prices finish higher, but concerns remain over outlook for demand EIA supply data delayed to Thursday due to holidayOil futures finish higher Wednesday, with U.S. prices reclaiming less than half of the more than 7% drop suffered in the previous session as worries over the demand outlook limits crude’s upside potential.
11:18 a.m. Aug. 27, 2020 - By Myra P. Saefong
U.S. oil prices suffer first loss in 4 sessions as traders bet on quick output recovery from Gulf storm Natural-gas futures log highest finish since NovemberOil futures decline Thursday, putting an end to a three-session streak of gains in U.S. prices, as traders bet on a quick post-hurricane recovery for the energy market in the Gulf of Mexico region.
11:35 a.m. Aug. 21, 2020 - By William Watts
Oil ends lower on demand worries Number of U.S. oil rigs rises for first time in four weeksOil futures end lower Friday, under pressure from continued worries over prospects for demand as the COVID-19 pandemic undermines economic growth.
8:01 a.m. Aug. 21, 2020 - By Michael Ashbaugh
Nasdaq extends break to uncharted territory, S&P 500 maintains first support Focus: Industrials sustain August breakout, Apple eclipses $2 trillion market cap, XLI, AAPL, V, JCI, DDU.S. stocks are mixed early Friday, vacillating after a better-than-expected batch of economic data. Against this backdrop, the Nasdaq Composite has tagged its latest record high — extending an early-week breakout — while the S&P 500’s slow-motion breakout attempt remains underway.
11:19 a.m. Aug. 14, 2020 - By Myra P. Saefong
Oil slips on demand worries, but U.S. supply declines help solidify weekly price gainsOil futures finish lower Friday, with pressure attributed in part to downbeat global demand forecasts from major organizations this week, but prices ended the week higher following declines in U.S. supplies.
11:05 a.m. Aug. 12, 2020 - By Myra P. Saefong
Oil prices end at highest since March with U.S. crude supplies down 3 weeks in a row EIA reports weekly fall of 4.5 million barrels for U.S. crude inventoriesOil futures climb to end Wednesday at their highest since early March, as U.S. government data show that domestic crude supplies fell for a third week in a row.
2:05 a.m. July 24, 2020 - By Ciara Linnane
Coronavirus update: Global COVID-19 cases top 15 million, U.S. cases pass 4 million, and California has more cases than New York Tesla surprises investors with an adjusted profit even after it was beset by pandemic-related stoppages at California plantThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 15 million on Thursday and the U.S. case tally passed 4 million, as California’s case tally rose above early U.S. hot spot New York following a surge in new infections in recent weeks.
11:40 a.m. July 21, 2020 - By Myra P. Saefong
Oil prices climb by more than 2% to four-month high as EU agrees to stimulus package WTI and Brent oil futures log highest settlements since early MarchOil futures on Tuesday end sharply higher, with prices logging their highest settlement since early March, as markets grow more positive about the world’s ability to address the COVID-19 pandemic, which has threatened to deliver lasting damage to demand for crude and its byproducts.
11:58 a.m. July 20, 2020 - By Myra P. Saefong
Oil gains, with prices holding above $40 after positive coronavirus vaccine trial results Natural-gas futures finish 4.5% lowerOil finishes higher Monday, with prices holding ground above $40 a barrel, as positive trial results for a coronavirus vaccine help to offset energy-demand concerns tied to the rise in global cases of COVID-19 above 14.5 million.
11:16 a.m. July 17, 2020 - By Myra P. Saefong
Oil settles lower, posting modest change for week as rise in coronavirus cases stokes demand worries Brent crude futures end a dime below their week-ago finishOil futures ended lower for Friday’s session, not far from where they settled at a week ago, as the number of COVID-19 cases continues to rise, adding to uncertainty over the outlook for crude demand.
10:55 a.m. July 16, 2020 - By Myra P. Saefong
Oil ends lower as global equities decline, demand uncertainty persistsOil futures end lower Thursday, taking a cue from a decline in global equities after holding their own a day earlier following a decision by the Organization of the Petroleum Exporting Countries and its allies to begin trimming production cuts next month.
11:00 a.m. July 15, 2020 - By Myra P. Saefong
Oil prices at 4-month high as U.S. crude supply posts biggest decline of the year and OPEC+ tapers output cutsOil futures climb on Wednesday to mark their highest settlement in more than four months,buoyed by the biggest weekly decline in U.S. crude supplies so far this year, even as OPEC+ agrees to taper record production cuts starting next month.
11:06 a.m. July 13, 2020 - By Myra P. Saefong
Oil prices end lower with OPEC+ seen preparing to ease production curbs Saudi Arabia reportedly pushing for alliance to ease curbs as planned in AugustOil futures end lower on Monday as major oil producing countries are said to consider easing production curbs as global crude demand rebounds from the coronavirus pandemic.
1:58 a.m. June 30, 2020 - By Selin Bucak
Sports are back on the pitch. So is private equity — and the competition is heating up For buyout groups that are persisting with the view that sport has significant growth potential, this has been a good time to buyBuyout groups are scouting for bargains among teams and leagues that are battling with the impact of COVID-19.
12:28 p.m. June 29, 2020 - Associated Press
Bulleit and Guinness parent Diageo goes green with carbon-neutral distillery in Kentucky The new distillery moves the company closer to its goal of sourcing 100% of its electricity from renewable sources by 2030Spirits giant Diageo announced Monday that it’s going green with its newest whiskey-making venture in the Bluegrass State.
11:25 a.m. June 29, 2020 - By Myra P. Saefong
Oil prices end higher as hope for increased demand overshadows coronavirus-induced uncertainty Traders also eye impact of fracking pioneer Chesapeake’s bankruptcyOil futures finish higher Monday, buoyed by some recovery in energy demand, even with that recovery threatened by the possibility of another round of shutdowns as global cases of COVID-19 top 10 million.
11:19 a.m. June 22, 2020 - By Myra P. Saefong
Oil ends higher as long-term demand outlook improves, but rise in global coronavirus cases limits gains WTI, Brent oil futures end at highest in over 3 monthsOil prices ended higher on Monday, marking the expiration of the July contract for U.S. benchmark crude futures, as an improvement in the longer-term outlook prompted one major investment bank to raise its price targets for the commodity. But a rise in cases of COVID-19 is dulling near-term prospects for energy demand, keeping a lid on price gains.
11:13 a.m. June 19, 2020 - By Myra P. Saefong
Oil tallies a nearly 10% weekly gain as OPEC+ tightens reins on output cuts, global demand outlook improves WTI oil logs highest finish since early MarchOil futures settled higher Friday for the day, with U.S. prices up nearly 10% for the week as OPEC members and allies tightened the reins on output cuts and some signs of improvement in the outlook for the global economy brighten the outlook for energy demand.
11:08 a.m. June 18, 2020 - By Myra P. Saefong
Oil prices finish higher as OPEC+ looks to make up for missed output-cut targets OPEC+ compliance to oil output cuts in May was 87%: JMMCCrude-oil prices finish higher on Thursday after major producers at an OPEC-led meeting of the Joint Ministerial Monitoring Committee, or JMMC, stressed the importance of full compliance with pledged production cuts and made moves to ensure that certain countries make up for failing to fully meet their reduction targets last month.
11:20 a.m. June 16, 2020 - By Myra P. Saefong
Oil prices gain more than 3% as IEA report points to record rise in crude appetite next year EIA expected to report a fall of 3.5 million barrels in weekly U.S. crude supplies: S&P Global Platts surveyOil futures finish more than 3% higher on Tuesday as a monthly report from the International Energy Agency forecast a record rise in demand for crude and its byproducts next year, but only after first dropping significantly in the current year.
11:08 a.m. June 15, 2020 - By Myra P. Saefong
Oil settles higher as global production declines outweigh pandemic-related demand concerns BP warns of lasting impact from the pandemicOil futures give up earlier losses to settle higher Monday, buoyed by declines in global crude production even as the potential for a fresh hit to demand climbs on the back of an apparent increase in new cases of coronavirus.
8:54 a.m. June 13, 2020 - By Ciara Linnane
Coronavirus update: Global case tally tops 7.68 million as countries push ahead toward phased reopenings — with mixed results Disney is the subject of a petition protesting plans to open theme parks in July, and American Airlines sees second-quarter revenue down 90%The number of global cases of the coronavirus that causes COVID-19 climbed above 7.6 million on Friday, as countries around the world continued to lift restrictions on movement with mixed results.
11:30 a.m. June 9, 2020 - By Myra P. Saefong
Oil prices recover losses to settle higher on bets the market may soon 'find balance’ Prices spent much of the session lower on worry about oversupply from Gulf producers, U.S. productionCrude-oil futures give up earlier losses on Tuesday to finish higher, with expectations for a rebound in energy demand among the reasons for the late day turnaround.
11:42 a.m. June 8, 2020 - By Myra P. Saefong
Oil ends lower as extension of OPEC+ output cuts fail to stem oversupply worries Gulf OPEC producers won’t extend voluntary cuts of 1.18 mln bbls/day: reportCrude-oil futures end lower on Monday as investors focus on the prospect of increased output from some countries, even after OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July.
11:26 a.m. June 5, 2020 - By Myra P. Saefong
Oil prices log over 11% weekly rise, with OPEC+ set to meet Saturday to discuss extension of output cuts Upbeat U.S. jobs report feeds expectations for higher energy demandCrude-oil futures climb sharply on Friday, with prices posting a gain of more than 11% for the week, supported by news that major oil producers will convene Saturday to discuss plans to extend productions cuts.
11:24 a.m. June 4, 2020 - By Myra P. Saefong
Oil futures finish higher as data shows high compliance with OPEC+ output cuts Traders continue to weigh likelihood of OPEC+ production-cut extensionOil futures climb on Thursday, with data showing high oil-producer compliance with output cuts contributing to a third straight climb in U.S. prices, even as questions are raised about the potential for an extension of the cuts beyond their expiration at the end of this month.
11:21 a.m. June 3, 2020 - By Myra P. Saefong
Oil prices finish at highest in 3 months, as traders await next move for OPEC+, digest U.S. supply data Uncertainty surrounds the timing of the OPEC+ meeting and the group’s decision on outputOil futures Wednesday close higher, extending a move around the highest level since early March, as uncertainty over whether a meeting of crude producers will be held this week or next raised doubts about a willingness to substantially extend global production cuts that taper after June.
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