As investors turned their attention to data suggesting more slowing in the labour market and oil prices hitting levels not seen since June, US equities fell on Wednesday amid further indications of the economy’s ills. While the Dow Jones Industrial Average (^DJI) declined more than 0.2%, or over 70 points, the S&P 500 (\GSPC) plummeted … Read more
Recent weeks have seen a sharp decline in the price of petroleum due to evidence of growing global supply, including estimates from ship-tracking companies that US oil shipments are almost at a record 6 million barrels per day. Global benchmark Brent fell 3.8%, below $75 per barrel, while US benchmark West Texas Intermediate fell 4.1%, … Read more
As investors turned their attention to data suggesting more slowing in the labour market and oil prices hitting levels not seen since June, US equities fell on Wednesday amid further indications of the economy’s ills. While the Dow Jones Industrial Average (^DJI) declined more than 0.2%, or over 70 points, the S&P 500 (\GSPC) plummeted … Read more
The top charts guru at JPMorgan has issued a warning: be ready for a 23% drop in the S&P 500 by next summer and the start of a recession. Jason Hunter said on CNBC’s “Squawk Box” on Monday that the stock market is incorrectly pricing in a “soft landing” for the US economy, in which … Read more
On Wednesday, US stock futures increased as investors paid attention to data suggesting further softening in the labour sector. Futures for the S&P 500 (\GSPC) increased by 0.3%, while those for the Dow Jones Industrial Average (\DJI) increased by 0.2%. Futures for the Nasdaq 100 (\NDX) increased by 0.4% following a mixed close on Tuesday. … Read more
British Columbia’s VancouverDecember 5, 2023 (Newsfile Corp.) – The CSE: M, OTCQB: MYRUF, FSE: C3Q, and Myriad Uranium Corp. (hereafter, “Myriad” or the “Company”) are happy to announce that they will be holding a non-brokered private placement with a maximum amount of $500,000 at a price of $0.15 per unit (the “Financing”). One common share … Read more
After falling more than 7% over the previous four days, the global benchmark Brent traded above $77 a barrel, while West Texas Intermediate was around $72. A record 6 million barrels of petroleum are being sent out of the United States every day, according to ship-tracking companies’ estimations. Since the Organisation of Petroleum Exporting Countries … Read more
Have you been following United States Steel (X) stock recently? The stock has increased 5.9% in the last month, indicating that shares have been moving. In the previous session, the stock achieved a new 52-week high of $36.64. Compared with the 7% increase in the Zacks Basic Materials sector and the 28% return in the … Read more
At a regular press briefing in Beijing on Monday, Chinese Foreign Ministry spokesman Wang Wenbin said, “The US should stick to the right perception and work with China to deliver on the common understandings reached in the San Francisco meeting.” Wang was alluding to a meeting between the leaders of the two countries last month. … Read more
Following a furious surge in November, stocks began to retreat on Monday ahead of the crucial monthly employment data. While the Dow Jones Industrial Average (^DJI) dropped 0.1%, or around 40 points, the S&P 500 (\GSPC) lost 0.5%. Leading the decline was the tech-heavy Nasdaq Composite (^IXIC), which dropped by almost 0.8%. As investors continued … Read more
