adminOil Holds Two-Day Loss as Technicals Vie With Stockpiles, Libya
(Bloomberg) — Oil steadied after a two-day drop, as technical barriers stymied gains from a decline in US stockpiles and disruptions to Libyan production. Most Read from Bloomberg West Texas…
Stock market today: Tech leads losses as investors await Nvidia earnings
A decline in tech stocks led the market lower on Wednesday as investors awaited chipmaker Nvidia's (NVDA) earnings report, seen as crucial to keeping confidence in the broader market aloft.…
Russian economy shows solid growth despite Ukraine war sanctions
MOSCOW (Reuters) – The Russian economy has shown solid growth in many sectors while unemployment remains at a record low, new data showed on Wednesday, prompting officials to hint at…
Best Buy expected to post sluggish sales as consumers hold out for AI-enabled products
Best Buy (BBY) is expected to post another quarter of sluggish sales as consumers push off big-ticket purchases. On Thursday before the market open, the company is expected to post…
Russian Steel Bucks Global Downturn as War Economy Drives Demand
(Bloomberg) — Weak Chinese demand is depressing the global steel market, but Vladimir Putin’s war economy has made Russia a striking exception. Most Read from Bloomberg The Kremlin’s invasion of…
Thailand’s new prime minister inherits a $14 billion cash handout problem and a sluggish economy
Days after being elected as Thailand’s youngest-ever prime minister, Paetongtarn Shinawatra threw cold water on a policy question that had been simmering for months. At a press conference soon after…
Houthi-Hit Oil Tanker in Red Sea Appears to be Leaking: Pentagon
(Bloomberg) — An oil tanker attacked in the Red Sea by Iran-backed Houthi rebels on August 21 appears to be burning and leaking, a Pentagon spokesman said on Tuesday. Most…
Kroger Hiked Milk, Egg Prices Above Inflation, Merger Judge Told
(Bloomberg) — Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified during a court hearing on the US…
Oil Edges Up After Technical Drop as US Stockpiles Seen Falling
(Bloomberg) — Oil gained in Asia after dropping more than 2% on Tuesday, as an industry report pointed to a further decline in US crude stockpiles. Most Read from Bloomberg…
Stock market today: US stocks tread water with Nvidia, rate cuts in focus
US stocks saw choppy trading action on Tuesday as investors tread carefully on the eve of Nvidia's (NVDA) potentially market-moving earnings report. The Dow Jones Industrial Average (^DJI) dropped about…
