Latest in Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
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Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
Many market watchers predicted a bearish year ahead for crude.Business - CNBC - Yesterday -
'Too much doom and gloom': OPEC chief is bullish on oil demand despite extended production cuts
The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.Business - CNBC - November 4 -
OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...Politics - The Hill - November 4 -
Opec+ members delay planned rise in oil production
Cartel to leave output curbs in place an extra month in effort to boost anaemic crude pricesBusiness - Financial Times - November 3 -
Oil prices end at highest in a week after OPEC+ delays output hike by another month
Oil futures finished sharply higher Monday after OPEC+ said it would wait another month before beginning to unwind voluntary production cuts. Natural-gas prices also rallied as a potential ...Business - MarketWatch - November 4 -
Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans
The automaker posted disappointing second-quarter results and announced reductions in production and staff.Business - CNBC - 6 days ago -
Royal Caribbean set for strong quarter, momentum into 2025, says analyst
An analyst points to “ongoing momentum and no signs of consumer softness.”Business - MarketWatch - October 21 -
With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.Business - The New York Times - November 4 -
Oil Jumps as OPEC+ Further Delays Output Hike
Oil prices rose after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker global demand and lower prices.World - The Wall Street Journal - November 4 -
Steve Madden says it will cut production in China to avoid Trump tariffs
The footwear- and accessory-maker says it already has a plan in place to reduce its reliance on imports from China.Top stories - CBS News - 5 days ago -
Global plastic production must be cut to curb pollution, study says
Analysis lays bare huge challenge of mismanaged waste on eve of UN plastic treaty talks in Busan. Global plastic production must be reduced to tackle the immense challenge of plastic pollution , ...World - The Guardian - 4 hours ago -
What will OPEC+ decide on oil output? Here’s why it’s complicated.
Developments in the Middle East have and worries about the prospects for global demand have fueled volatile trading in the oil market in recent weeks and that makes an upcoming decision by major ...Business - MarketWatch - November 2 -
Apple analyst Kuo says company cut iPhone 16 orders by 10 million units
Apple shares slid Wednesday after industry supply chain analyst Ming-Chi Kuo said the company has cut orders for the iPhone 16 by about 10 million units.Business - CNBC - October 23 -
Starbucks’ new CEO has diagnosed its problems. Analysts say the solutions could get expensive.
Starbucks CEO Brian Niccol has laid out a bold turnaround plan for the coffee chain, with plans to tighten up service and redesign stores. But analysts are proceeding with caution.Business - MarketWatch - November 1 -
Volkswagen in Drive to Cut Costs as Earnings Plunge
The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.Business - The Wall Street Journal - October 30 -
Funding cuts could mean death of Sámi languages, say Indigenous parliaments
Sweden and Finland plan to withdraw funding to safeguard nine languages defined as threatened by Unesco. The Indigenous parliaments of Sweden, Finland and Norway have warned that some Sámi ...World - The Guardian - October 21 -
Oil prices post first gain in 3 sessions, but demand concerns prevail
Oil futures finished higher on Tuesday, recouping a small portion of back-to-back losses driven by worries about the prospects for demand, which contributed to a retreat in the U.S. benchmark below ...Business - MarketWatch - 2 days ago -
Estée Lauder shares plunge as China sales slump prompts dividend cut
Beauty group’s stock drops 25% after guidance withdrawn for rest of yearBusiness - Financial Times - October 31 -
Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console
Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.Business - CNBC - November 5 -
Pro Women's Hockey League says it could add as many as two teams for 2025-26 season
Expansion is on the table for the six-team Professional Women’s Hockey League, and executives aren’t placing limitations on which North American markets they’ll consider in a bid to add as many as ...Sports - ABC News - October 29 -
A study says the global luxury goods market will shrink in 2025. Trump tariffs could make it worse
Global sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 and the COVID-19 pandemicWorld - ABC News - Yesterday -
Target cuts prices on 2,000+ products, from food to cough medicine
Target is reducing the prices of more items as the discount retail chain readies for the holiday shopping season.Top stories - CBS News - October 22 -
Potential Cigna buyout of Humana is a ‘when,’ not an ‘if,’ analyst says
Humana’s stock looked to rally Monday. And Mizuho analyst Ann Hynes said she believes a buyout by Cigna Group is likely — it’s just a matter of timing.Business - MarketWatch - October 21 -
Tesla’s robotaxi dreams will start small, these analysts say
Tesla has promised a fleet of Cybercabs by 2026 and millions of the robotaxis at some point in the future, but analysts at Deutsche Bank sought to temper expectations and map out how a Cybercab ...Business - MarketWatch - October 28 -
Kamala Harris says it's 'not productive' for her to criticize Biden
In an interview with NBC’s Peter Alexander, Vice President Kamala Harris details how she would distance herself from President Biden, the widening gender gap among voters, why her criticizing ...Politics - NBC News - October 19 -
NHS must improve productivity in return for extra money, Streeting says
Health secretary says he expects value for money for taxpayers after £25 billion cash injection.Top stories - BBC News - October 31 -
Zelensky says he had 'productive' conversation with Trump
Ukrainian President Volodymyr Zelensky said in a speech in Budapest on Thursday that he had a productive conversation with President-elect Trump after Tuesday's election win and expressed optimism ...Politics - The Hill - November 7 -
Boeing Says Plane Production Restart Will Take Weeks
After striking for almost two months, workers will return to factory floors in the Pacific Northwest, but must ensure safety procedures are followed as it begins building 737 jetliners.Business - Inc. - Yesterday -
Why this analyst lifted S&P 500 target to 7,000 for 2025 and cited ‘meltup’ risk
Donald Trump’s White House administration may fuel the S&P 500’s rally to 7,000 by the end of next year, as the apparently jubilant U.S. stock market runs the risk of a melt up, according to ...Business - MarketWatch - 3 days ago -
23andMe to slash 40% of its workforce, end therapeutics program to cut costs
DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut costs, the company said Monday.Business - MarketWatch - 2 days ago -
23andMe cuts 40% of its workforce and discontinues therapeutics division
23andMe is laying off 40% of its workforce, or more than 200 employees, and discontinuing its therapeutics division as the struggling genetic testing company attempts to slash costsHealth - ABC News - 2 days ago -
Ford to halt production of electric F-150 Lightning next month until January
Ford plans to halt production of the F-150 Lightning until January to address high inventories and reduce losses of the all-electric pickup trucks.Business - CNBC - October 31 -
Ford to halt production of electric F-150 Lightning next month until 2025
DETROIT — Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next year to address bloated inventories and narrow losses on the pickup trucks.Top stories - NBC News - October 31 -
Reeves’ Budget measures risk hitting ‘working people’, analysts say
Some businesses will struggle with tax rises alongside a higher minimum wage and new labour lawsWorld - Financial Times - October 29 -
JPMorgan may be ‘best in class’ but it’s time to take profits, analyst says
Baird’s David A. George downgrades megabank to underperform because it’s “more than fully priced” at recent levels.Business - MarketWatch - November 7 -
Upstart’s stock roars higher. Here’s why analysts say the tide is turning.
Analysts say the AI lender is on a better track is it benefits from an improved interest-rate climate, funding partnerships and “solid” credit trends.Business - MarketWatch - 6 days ago -
Rallying bank stocks have further room to run, analyst says
Hovde’s Feddie Strickland sees additional gains despite rally ‘if history serves as a guide.Business - MarketWatch - 3 days ago