Futures Movers Oil Ends Lower As Russia Plays Down Prospect for Additional Opec Production Cuts
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Oil prices log worst week since February as concerns over Middle East supply risks fade
Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing demand prompting prices to register their largest weekly percentage loss since early February.MarketWatch - Business -
US regulator’s Opec collusion claim sets off tremor in oil patch
CEOs weighing mergers may think twice after FTC bars industry veteran from Exxon’s boardFinancial Times - Business -
The FTC said former Pioneer CEO Scott Sheffield attempted to collude with OPEC officials to raise oil prices and referred the allegation to the Justice Department for a potential criminal probe.
The FTC said former Pioneer CEO Scott Sheffield attempted to collude with OPEC officials to raise oil prices and referred the allegation to the Justice Department for a potential criminal probe.The Wall Street Journal - World -
Labour hails big wins in England as Sunak holds on to Tees Valley victory
Victory in Tees Valley marked a bright spot in a grim night for the Tories, with Labour picking up councils and mayors.BBC News - Top stories -
Down 3-2, Bucks might play Game 6 without Giannis, Dame
Milwaukee's season is on the line tonight against Indiana, and its leading scorers Giannis Antetokounmpo and Damian Lillard are uncertain to return.Yahoo Sports - Sports - NBA -
Whirlpool says it’s planning additional layoffs under restructuring plan
Whirlpool Corp. said Friday that it plans additional layoffs to the 1,000 it announced as part of a global restructuring plan in late April.MarketWatch - Business -
OPEC+ Likely to Extend Output Curbs Beyond 2Q, JPMorgan Says
OPEC and its allies are likely to extend their voluntary production cuts beyond the second quarter at their upcoming meeting in June, according to JPMorgan.The Wall Street Journal - World -
The Job Market Shifted Into Lower Gear
Also, a congressman from Texas was indicted. Here’s the latest at the end of Friday.The New York Times - Top stories -
U.S. Natural Gas Futures Snap Three-Week Losing Streak
U.S. natural gas futures posted their biggest weekly gain since January, supported by reports of rising LNG feedgas flows, lower U.S. production, and forecasts for hot weather in Texas next week that should drive up demand from the power sector.The Wall Street Journal - World -
Padres win third straight with 7-1 victory over D-backs, look forward to potential Arráez addition
Fernando Tatis Jr. and Jake Cronenworth hit back-to-back homers, Dylan Cease pitched 6 2/3 strong innings and the San Diego Padres won their third game in a row by beating the Arizona Diamondbacks 7-1 on Friday nightABC News - Sports - MLB -
Could lower swing-state inflation rates help Biden and hurt Trump?
Inflation in several battleground states in the 2024 election is below the national average — in some cases by more than a full percentage point — as food prices retreat even while housing costs stay hot, according to an analysis of regional Labor ...The Hill - Politics - Joe Biden -
Jobs Report in Focus as Investors Seek Rate Clues
Stock futures ticked higher ahead of an employment report that is expected to show labor-market growth slowing in April.The Wall Street Journal - World -
Jerry Seinfeld, ‘Hacks,’ and the Future of Comedy in a Digital World
Jerry Seinfeld thinks “PC crap” is ruining comedy. Hacks proves him wrong.Wired - Tech -
Verstappen: Newey exit won't affect my future
Max Verstappen said Adrian Newey's imminent departure will not have an impact on his immediate future.ESPN - Sports -
Pochettino criticises 'stupid' rumours on Chelsea future
Chelsea head coach Mauricio Pochettino says that he does not know whether his contract will be extended beyond next year, and calls for the "stupid rumours" about his future to end.BBC News - Top stories - Premier League -
George, Harden mum on future as Clips fall again
Paul George says he could see himself staying with the Clippers alongside Kawhi Leonard and James Harden but remained noncommittal when asked about his future.ESPN - Sports -
Google defends ‘better’ search product as US antitrust trial wraps up
Department of Justice has challenged tech group’s market power in high-profile showdownFinancial Times - Business - Google -
Baldur's Gate 3 Console Deluxe Editions Hit Another Production Delay
Larian Studios has announced that it has encountered production issues with the console Deluxe Editions of Baldur's Gate 3, and is delaying their shipment.. The studio stated that the production issues are out of its control, and that all Xbox ...GameSpot - Tech -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
SPDR Gold Shares Inch Lower Following Jobs Report
Gold prices edged lower, with April’s lower-than-expected jobs gains giving investors hope that the economy is finally cooling down.The Wall Street Journal - World