The oil trade may have more juice despite a losing week
[ad_1] Even though WTI crude just saw its worst week in more than two months, the oil trade may have more juice left in the tank. Mirae Asset Securities’ Chris…
Saudi Arabia defends OPEC+ production cut after Biden vows there will be ‘consequences’
[ad_1] Saudi Arabia’s ministry of foreign affairs put out a rare statement on Thursday defending the Organization of the Petroleum Exporting Countries’ decision last week to cut production. Last week,…
Moody’s Mark Zandi sees relief within 6 months
[ad_1] The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation…
ECB’s Lagarde calls for more international ‘cooperation’ in tackling inflation
[ad_1] European Central Bank President Christine Lagarde criticized the fiscal policies of some European countries as counterproductive to the fight against inflation during an interview at the Institute of International…
Norway’s Seadrill to relist in New York Stock Exchange this week
[ad_1] Norwegian offshore oil-rig operator Seadrill Ltd. said late Tuesday it has received approval to relist its common shares on the New York Stock Exchange on or about Oct. 14.…
U.S. warned Saudi Arabia that OPEC+ production-quota cut would make it Russia’s ally in Ukraine. The Saudis were unmoved.
[ad_1] RIYADH, Saudi Arabia — Days before a major oil-production cut by OPEC and its Russia-led allies, U.S. officials called their counterparts in Saudi Arabia and other big Gulf producers with an…
TotalEnergies proposes wage negotiations this month if fuel-depot blockages end
[ad_1] TotalEnergies SE TTE, -1.03% on Sunday said that it was willing to bring forward annual wage negotiations with some of its employees in France if strike action causing blockages…
Icahn, other big-name investors clean up on Elon Musk’s Twitter reversal
[ad_1] Elon Musk’s decision to end his war with Twitter Inc. isn’t just a big win for the social-media company, but also for some big-name investors like Carl Icahn. Icahn quietly amassed a Twitter TWTR, +22.24%…
Stocks jump, two trades and Club names in the news
[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Stocks jump We made…
Facebook parent is no longer one of 10 most valuable U.S. companies. Here’s what just overtook it.
[ad_1] Meta Platforms Inc. is furthering its descent through the ranks of the biggest companies in the U.S., this time falling below Exxon Mobil Co. for the first time in…
Gas futures in Europe continue to climb as Gazprom warns Ukrainian gas route could be cut off
[ad_1] European and UK benchmark natural gas prices jumped after Kremlin-run Gazprom warned that the remaining gas route to Europe, via Ukraine, is now at risk of being shut off.…
Carl Icahn to investors: ‘The worst is yet to come’
[ad_1] Wall Street icon Carl Icahn has a warning for his fellow investors: “The worst is yet to come.” Speaking on Wednesday at MarketWatch’s Best New Ideas in Money Festival…
Valero reports disruption that led to excessive emissions at Texas refinery
[ad_1] Valero Energy Corp. VLO, -1.76% on Wednesday reported an operational disruption that led to excessive gas emissions at its oil refinery in Texas City, Texas. “Process upsets in Complex…
German government agrees deal to nationalizes Uniper
[ad_1] Germany on Wednesday agreed a deal to nationalize energy supplier Uniper SE in a move aimed at securing energy supply in country. Finnish energy group Fortum Oyj FORTUM, +14.46%…
Fed should hike interest rate rates 150 basis points: Wells Fargo
[ad_1] It’s a move that would likely cause panic on Wall Street. But Wells Fargo Securities’ Michael Schumacher suggests the Federal Reserve is raising rates too slowly, telling CNBC’s “Fast…
Shell names gas and renewables head to be new CEO
[ad_1] Shell PLC said Thursday that it has appointed Wael Sawan as its next chief executive, effective Jan. 1. The energy group SHEL, +0.15% SHEL, +1.96% said that Mr. Sawan…
Next Fed rate hike to spark dangerous game in economy: Peter Boockvar
[ad_1] The market’s violent reaction to hotter-than-expected inflation may usher in more losses. Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn’t moderating,…
Inflation ‘collapse’ will spark big stock market gains: Credit Suisse
[ad_1] Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will…
Oil prices on track for 3-day winning streak as dollar extends retreat from recent highs
[ad_1] Oil futures rose early Monday, on track for a three-day winning streak, as the U.S. dollar continued to pull back from multidecade highs and investors turn their attention to…
These are the cheapest, most-loved stocks in the S&P 500
[ad_1] In this topsy turvy market, some investors are looking to find solid value stocks. In fact, Goldman Sachs believes the time is right to do just that. In a…
Honda, LG Energy announce $4.4 billion plan to build EV battery factory in U.S.
[ad_1] Honda Motor Co. and LG Energy Solution announced plans Monday for a $4.4 billion investment to build a lithium-ion battery plant for electric vehicles in the U.S. In a…