Dec 9 (Reuters) – The effort to clear oil from the largest crude oil spill in the United States in nearly a decade will continue until next week, the U.S. Environmental Protection Agency said on Friday. environment, making it likely that the Keystone pipeline will be shut down for several more days. TC Energy (TRP.TO) …
SAN JOSE, Calif./WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, launching a high-profile lawsuit to try to stop parent Facebook from buying virtual reality app developer Within Inc. The FTC filed a lawsuit in July to end …
Meta takes on the US antitrust agency over the future of virtual reality Read More »
BENGALURU, Dec 9 (Reuters) – The U.S. economy is heading for a short and shallow recession over the coming year, according to economists polled by Reuters who unanimously expected the Federal Reserve to US opts for a lower interest rate hike of 50 basis points in December. 14. The Fed still has at least half …
US heading for shallow recession, no respite yet from rate hikes: Reuters poll Read More »
Dec 8 (Reuters) – Canada’s TC Energy shut down its Keystone pipeline in the United States after more than 14,000 barrels of crude oil spilled into a Kansas creek, making it one of the largest oil spills crude in the United States for almost a decade. The cause of the leak, which occurred in Kansas …
Keystone pipeline closed after 14,000 barrel oil spill in Kansas Read More »
Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …
ORLANDO, Fla., Dec 8 (Reuters) – When Yogi Berra said it was hard to make predictions, especially about the future, he probably didn’t have financial market analysts in mind. But the famous baseball player’s famous malapropism, also similarly expressed by others, probably applies as much to predicting the outlook for stocks, bonds and currencies as …
Column: When Market Forecasters Should Earn Their Credentials: McGeever Read More »
Midterm elections, like the one we just had on Nov. 7, tend to have a predictable impact on the stock market. Stocks tend to sell off and volatility increases before the vote, then the market generally calms down and rebounds in the months that follow and in the first half of the following year. Did …
What does the stock market have in store after the midterm elections? Read More »
China and Hong Kong stocks rise after new reports of easing COVID restrictions Economic slowdown fears temper risk sentiment Gas prices rise as freezing weather blankets Europe LONDON, Dec 8 (Reuters) – Global equities and oil prices battled their way out of a four-day slump on Thursday as deeply inverted bond yield curves and choppy …
Stocks and oil struggle to emerge from four-day drop Read More »
Wall Street extends losses as recession worries mount Crude oil at lowest since January Bank of Canada signals slowing pace of rate hikes China eases COVID rules but imports and exports slump http://tmsnrt.rs/2yaDPgn NEW YORK/MILAN, Dec 7 (Reuters) – Global stocks fell further and Treasury yields fell on Wednesday as U.S. worker productivity data beat …
Stocks and bond yields fall as US data clouds Fed rate outlook Read More »
Vietnam to hold first large-scale arms fair this week The country’s nascent military industry plans to export for the first time He seeks faster diversification of Russian military supplies HANOI, Dec 7 (Reuters) – Vietnam is considering a major defense shift as it seeks to reduce its dependence on Russian weapons and launch a drive …
Analysis: Vietnam shifts gears on arms trade as it loosens ties with Russia Read More »
