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Oil prices tally 4th straight weekly gain as data hint at better demand
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CNBC - Business
U.S. crude oil posts fourth straight weekly gain on solid demand outlook
U.S. inventory data shows a tightening market, with crude stocks declining by 12.2 million barrels last week. -
The Wall Street Journal - World
Saudi's Oil Price Cut to Asia Was Less Significant Than Predicted, DNB Says
Saudi Arabia’s price cut for its flagship Arab Light crude it sells to Asian customers was less significant than expected, according to DNB Markets. -
CNBC - Business
Oil prices hold firm as large draw on U.S. crude, gasoline inventories signal uptick in demand
Gasoline prices are averaging $3.51 per gallon ahead of the Fourth of July holiday, up about 2 cents from last week. -
MarketWatch - Business
Saudi Arabia cuts Asia oil prices for second straight month
Looking at other importing regions, the oil producer instead increased its August prices for all grades for customers in northwest Europe and the Mediterranean. -
The Wall Street Journal - World
Cooler U.S. Job Creation Pushes Gold Back Toward $2,400/Oz
The June jobs report lifted gold futures toward their highest levels in nearly a month. -
Financial Times - Business
Oil prices rally as peak driving season gets under way
Brent crude has risen about $10 a barrel since early June as US stockpiles dwindle -
MarketWatch - Business
U.S. factory orders drop in May after three straight gains
Orders for manufactured goods fell 0.5% in May, the Commerce Department said Wednesday. It is the first decline after three straight monthly increases. -
The Wall Street Journal - World
Oil Slips After U.S. Data Points to Cooling Economy
Oil prices were weaker on a thinner trading day due to the Fourth of July holiday and despite softer-than-expected U.S. employment and business activity data fuelling optimism for future rate cuts. -
Financial Times - World
Trump distances himself from right-wing ‘Project 2025’ policy blueprint
Conservative groups have outlined far-reaching overhaul of federal government should ex-president clinch second termDonald Trump
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MarketWatch - Business
Eli Lilly to pay $3.2 billion in cash to buy this biotech with an IBD treatment
Morphic’s stock rocketed Monday, after the biopharmaceutical company announced an agreement to be acquired by Eli Lilly in a cash deal valued at about $3.2 billion. -
MarketWatch - Business
Corning’s stock soars 7% after company raises Q2 guidance to reflect AI bump
The company, which makes glass for big-screen TVs, mobile phones and optical fiber, believes the first quarter will be the lowest one for all of 2024. -
MarketWatch - Business
‘No markets upside’ to Biden situation. Investors keep cool as election drama unfolds.
Stock-market investors are taking uncertainty around President Joe Biden’s candidacy in stride, but analysts see volatility ahead.Joe Biden -
MarketWatch - Business
These two market gauges will move your stocks more than how the economy is doing
Stock investors emphasize interest-rate trends and investor sentiment. -
MarketWatch - Business
Tesla’s upcoming earnings report needs to divulge its AI plans and Nvidia’s role
AI mastery could cement Tesla’s lead in autonomous driving and beyond.