Oil prices rose on Tuesday to near three-month highs on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.
Qatar Airways Chief Executive Akbar al-Baker on Tuesday warned Airbus and Boeing against resisting the airline’s requests to defer aircraft deliveries, in a battle over who should bear the strain of the coronavirus crisis. The state airline, whose CEO has more usually been known for criticising delays at planemakers, is now in talks like many rivals to push back deliveries due to the impact of the crisis. “We are negotiating with both Boeing and Airbus to fulfil our requirement to defer and we hope that both the manufacturers will oblige,” he told Reuters by phone. …read more […]
The billionaire founders of Nikola and Tesla have a lot in common …read more […]
U.S. stock index futures hit a three-month high on Tuesday as hopes of a rebound from a coronavirus-led economic slump prevailed over fears of disruption from widespread protests over race in the country.
Editor’s Note: After a weekend full of protests and destruction, it may feel like America is losing control. That’s why Andy’s message below is a must-read. It offers a much-needed respite from the screaming headlines… a chance to pause and reflect on the promise our country holds. If you’re looking for Joel’s commentary today, don’t worry. You’ll find his column in Practical Health Today later this afternoon. That’s where the world’s most famous farmer will show you how to get more food security during these troubled times. (Not a subscriber? Click here to be added to the list.)
Tough times.
It appears …read more […]
Economic data pointing to a quick recovery, trillions of dollars in stimulus and a restart in business have helped the S&P 500 climb about 38% from its March lows, leaving it only about 11% below its Feb. 19 record high. S&P 500 e-minis were up 19.25 points, or 0.63% and Nasdaq 100 e-minis were up 67.25 points, or 0.7%. …read more […]
An investor group that got U.S. approval to buy Grindr Inc has financial and personal links to the dating app’s current owner, China’s Beijing Kunlun Tech Co Ltd , Reuters has found, in a possible departure from Washington’s national security policy on deals.
In November 2015, the shooting death of Jamar Clark by Minneapolis police touched off a debate on race and economic inequality that challenged the city’s progressive image and led local corporate leaders to back efforts at better sharing the spoils of a booming Midwestern state.
EU antitrust regulators will decide by July 6 whether to clear Austrian sensor maker AMS’s 4.6 billion euro ($5.14 billion) bid for German lighting group Osram after a preliminary review, a European Commission filing showed on Monday.
Top news and what to watch in the markets on Tuesday, June 2, 2020. …read more […]
The Nationwide says house prices fell 1.7% in May as the coronavirus crisis hit market activity. …read more […]
World stocks climbed towards three-month highs on Tuesday as the global coronavirus recovery effort won out over U.S.-China tensions and the worst civil unrest in the United States in decades.
(Bloomberg) — Oil rose past $36 a barrel as investors eyed a potential extension of record production curbs by OPEC+ while physical markets continued to show signs of tightness.Futures in New York rose around 2.8%. Saudi Arabia favors keeping the curbs — which are set to start easing from July — in place for an extra one to three months, a delegate said. Any changes to the deal between the Organization of Petroleum Exporting Countries and allies will hinge on negotiations between Moscow and Riyadh, with Russia expected to make a decision on its OPEC+ position on Tuesday.The market for …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
