Oil Inches Lower
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Comex Gold Settles Lower, Silver Rises
Gold settled 0.1% lower, down for two consecutive sessions, while silver rose 0.2%, up four of the past six sessions.The Wall Street Journal - World -
CBA Reports Lower Profit as Margins Weaken
Commonwealth Bank of Australia posted a fall in third-quarter profit, reporting slightly lower margins as competition remains in the country’s retail banking sector.The Wall Street Journal - World -
Oil Rises on U.S. Crude Inventories Draw
Oil prices traded higher, supported by a weekly fall in U.S. crude inventories, but gains were capped by a stronger dollar and lingering concerns around the timing of U.S. interest-rate cuts and a ceasefire deal in Gaza.The Wall Street Journal - World -
CBA Reports Lower Profit as Margins Weaken
Commonwealth Bank of Australia posted a fall in third-quarter profit, reporting slightly lower margins as competition remains in the country’s retail banking sector.The Wall Street Journal - Business -
Crossing the Atlantic is no easy fix for Europe’s oil majors
A significant strategic shift is far more important than looking to solutions abroadFinancial Times - Business -
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U.S. crude oil recovers losses after surprise stockpile decline
Oil prices have fallen 8% since April highs, but Morgan Stanley sees a tighter market heading into summer driving season.CNBC - Business -
Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
Intel Lowers Sales Outlook After China Chip Licenses Revoked
The chip maker kept its full-year forecast but said it expected revenue to be below the midpoint of the second-quarter range.The Wall Street Journal - World - China -
Intel Lowers Sales Outlook After China Chip Licenses Revoked
The chip maker kept its full-year forecast but said it expected revenue to be below the midpoint of the second-quarter range.The Wall Street Journal - Business - China -
Airbnb shares slide on lower revenue forecast despite a doubling of net income
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market tradingABC News - Tech -
Big Oil boomed under Biden. So why does it hate him?
The president’s focus on tackling climate change has upset US producers, who are instead funding TrumpFinancial Times - Business - Joe Biden -
Takeda Projects Lower Annual Profit After Quarterly Loss
The Japanese drugmaker reported a fourth-quarter loss and forecast a drop in annual net profit due partly to restructuring expenses.The Wall Street Journal - World -
Malaysia plans to give orangutans to countries that buy palm oil
‘Orangutan diplomacy’ strategy aims to ease concern over environmental impact of palm oil production, says minister. Malaysia plans to give orangutans as gifts to countries that buy its palm oil as part of an “orangutan diplomacy” strategy to ease ...The Guardian - World -
Takeda Projects Lower Annual Profit After Quarterly Loss
The Japanese drugmaker reported a fourth-quarter loss and forecast a drop in annual net profit due partly to restructuring expenses.The Wall Street Journal - Business -
Oil futures extend rise seen after drop in U.S. crude inventories
Oil futures trade higher Thursday, building on bounce seen after data the previous session showed a drop in crude inventories.MarketWatch - Business -
Oil prices end higher after dipping to eight-week lows as U.S. crude supplies fall
Oil futures settled higher on Wednesday, finding support after a brief dip to their lowest levels in about eight weeks, as U.S. government data showed an unexpected weekly decline in domestic crude inventories.MarketWatch - Business -
Chinese EV maker Nio to launch its lower-priced brand Onvo on May 15
Chinese electric car company Nio said Thursday it will launch its lower-priced brand called Onvo on May 15.CNBC - Business -
Planet Fitness’ stock slides 11% after company lowers guidance to reflect cautious consumer
Planet Fitness Inc.’s stock fell 11% early Thursday, after the operator of fitness centers lowered its full-year guidance to reflect a more cautious consumer that led first-quarter revenue to fall slightly short of estimates.MarketWatch - Business -
Intel said its revenue for the current quarter would be lower than expected amid new restrictions on sales by chip makers to Huawei.
Intel said its revenue for the current quarter would be lower than expected amid new restrictions on sales by chip makers to Huawei.The Wall Street Journal - World