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Oil prices score weekly gain, breaking run of back-to-back weekly losses
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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 -
Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – business live
Rolling coverage of the latest economic and financial news, as latest US non-farm payroll shows weakening job creation. Newsflash: The UK’s services sector has posted the fastest business activity growth in almost a year, reinforcing hopes that ...The Guardian - World -
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 -
S&P 500 Notches a Weekly Gain After Jobs Report
Stocks finished out the week on a strong note after a Goldilocks jobs report boosted hopes for a late-summer rate cut.The Wall Street Journal - World -
Jobs Data, Tech Stocks Power Indexes to Weekly Gains
Renewed hope for interest-rate cuts fueled a rally, though shares of some companies like TD Bank fell.The Wall Street Journal - World -
Treasury yields see biggest weekly drops in months as tepid April jobs report raises rate-cut hopes
Treasury yields finished at their lowest levels in three weeks on Friday after April’s official jobs report brought the potential for a Federal Reserve interest-rate cut back to the minds of some traders.MarketWatch - Business -
Oil pares gains as Hamas reportedly accepts cease-fire plan, Israel warns of Rafah invasion
Oil prices pared some of their gains by Monday’s settlement as news reports said Hamas has accepted a proposal to halt its war with Israel in Gaza.MarketWatch - Business - Israel -
How A's made MLB history in 20-run scoring outburst vs. Marlins
The A's made MLB history with a historic scoring outburst in their 20-4 win over the Miami Marlins on Saturday at the Oakland Coliseum.Yahoo Sports - Sports - MLB -
GameStop shares pare back losses after skyrocketing last week
After falling more than 12% in early trading Monday, GameStop Corp. shares pared their losses pack down to 2.5%, albeit still retreating from last week’s hot rally.MarketWatch - Business -
BP shareholders expect oil group to scale back climate target
Investors believe chief executive is prepared to be flexible as demand for oil and gas continues to growFinancial Times - Business - Climate
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Better news for Social Security and Medicare doesn’t mean their problems have gone away
This just gives Congress more time to procrastinate on this critical issueMarketWatch - Business -
European airline shares slump on price warning from Ryanair CEO
European airline stocks slumped on Tuesday after the chief executive of Ryanair was quoted as saying ticket fare prices will rise by less than previously forecast.MarketWatch - Business -
Apple refreshes iPad Air and iPad Pro lineups — while talking up AI
Apple announced a refreshed tablet lineup Tuesday on what Chief Executive Tim Cook called the “biggest day for iPad since its introduction.”MarketWatch - Business - Apple -
How the outcome of Biden and Trump’s election rematch might impact stocks
The expected November rematch between President Joe Biden and former President Donald Trump is perhaps the biggest event on this year’s geopolitical calendar. Yet, it doesn’t appear to have had much of an impact on markets.MarketWatch - Business - Joe Biden -
Canopy USA exercises options to buy Wana Brands and Jetty Extracts as it moves into the U.S.
Canopy Growth made a $297.5 million up-front payment to Wana Brands in 2021.MarketWatch - Business