US stock markets pushed to fresh intraday records on Wednesday before investors locked in early gains, leaving the Dow down roughly 0.5% and the S&P 500 essentially flat. The day’s mixed trading reflected a familiar tension: strong economic data from the services sector clashed with weak employment numbers. Energy refiners, led by Valero’s 3% gain
Asian markets traded unevenly on Thursday as investors weighed geopolitical risks, mixed signals from the US labour market, and sharp moves in commodities, while corporate earnings optimism was led by Samsung Electronics, which expects record quarterly profits on the back of an AI-driven memory chip boom. The day’s developments also included escalating US actions on
The difference in price (premium) for immediate delivery of US West Coast jet fuel sold to Asia has expanded to its largest margin in almost two years, according to LSEG data released on Thursday, and quoted in a Reuters report. The growing disparity in pricing can be attributed to two key factors affecting global jet
US government-backed deals to export Venezuelan crude from the beleaguered South American country have attracted interest from some of the world’s biggest majors and international trading houses, ramping up the importance of the country’s energy reserves in the wake of political changes. Oil major Chevron Corp and the global trading houses Vitol, Trafigura, and others have
Gold prices fell on Thursday as a stronger dollar weighed on demand among overseas buyers. Silver prices also fell sharply, mirroring the drop in gold. A stronger dollar makes commodities priced in the greenback more expensive for overseas buyers. Meanwhile, crude oil prices advanced on Thursday, recovering from two consecutive days of losses. This uptick
Asian markets traded mixed on Friday as investors stayed on the sidelines ahead of a key US jobs report and a potentially market-moving Supreme Court ruling on the legality of President Donald Trump’s global tariffs. At the same time, developments around Venezuela’s oil sector, fresh data on China’s inflation, and a legal challenge by US
The United States has seized the oil tanker Olina in the Caribbean, as per a Reuters report. This marks the fifth vessel targeted in recent weeks as part of Washington’s efforts to restrict Venezuelan oil exports, the report added. Data from the shipping database Equasis shows the tanker was operating under a false Timor-Leste flag.
Meta Platforms Inc. has agreed to a series of electricity deals, reports Bloomberg, that could make it the biggest buyer of nuclear power among its hyperscaler peers, signalling how critical reliable energy has become for AI development. The agreements, which could eventually exceed 6 gigawatts of capacity, come as US power demand surges and utilities
The US Supreme Court could deliver today what could be a landmark ruling on President Donald Trump’s most sweeping global tariffs. The court has indicated on its website that Friday is scheduled as an opinion day, when it typically releases decisions in argued cases. While there is no certainty that the tariff case will be
Boeing stock price pulled back for two consecutive days, moving from a high of $233.60 to the current $227. It remains nearly 30% from its lowest level in November last year. This article explores why BA shares will rebound this year. Boeing stock has strong technicals The daily chart shows that the BA stock price