Stock Futures Dip Oil Gyrates
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Oil Rises, Buoyed by Second Straight Weekly Fall in U.S. Inventories
Oil gained in early Asian trade, buoyed by a second straight weekly decline in U.S. inventories.The Wall Street Journal - World -
Wildfire Nears Canada’s Largest Oil-Producing Area, Forcing Thousands to Evacuate
The fire, near Fort McMurray, Alberta, has put the community, which is haunted by the costliest wildfire in Canadian history, on high alert.The New York Times - World -
Futures exchange CME plans to launch bitcoin trading
US group has held discussions with market participants over Switzerland-based marketFinancial Times - Business - Crypto -
Bickerstaff future a question for Cavs; Mitchell, too
J.B. Bickerstaff, discussing his future as the Cavaliers' coach, said, "This is definitely a place I want to be." ESPN's Adrian Wojnarowski reported Cleveland plans to take time to evaluate Bickerstaff's future, but the organization remains fond ...ESPN - Sports -
Stocks set new records
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story New inflation data sends stocks soaring All three of the major U.S. stock indexes closed at record highs Wednesday after new federal ...The Hill - Politics - Stock Market -
Fire threat eases near Canada's oil sands hub, but a long, hot summer looms
The threat of a wildfire near Canada’s oil sands hub of Fort McMurray, Alberta, appeared to be easing Wednesday, a day after thousands of residents were forced to evacuate their homes in the city of 68,000ABC News - World -
CEO of Brazil’s oil and gas giant Petrobras steps down following dustup over dividends
The head of Brazil’s Petrobras is stepping down after a fight over dividends, sending shares of the state-controlled oil and gas giant tumblingABC News - World - Brazil -
Meme Stocks Are Back, to Mixed Reactions
Online investors have embraced unlikely companies and ridden the dizzying highs and crashing lows of their share prices.Inc. - Business -
Nikkei Rises 1.4%, Led by Electronics, Brokerage Stocks
Japanese stocks ended higher, led by gains in electronics and brokerage stocks, as easing U.S. inflation keeps hopes for Fed rate cuts later this year intact.The Wall Street Journal - World -
2024 Preakness Stakes horses, futures, odds, date: Expert who nailed last year's superfecta explains picks
Jody Demling revealed his Preakness Stakes 2024 picks for the second leg of horse racing's Triple Crown on Saturday, May 18 at Pimlico Race Course with race favorite Muth scratchedCBS Sports - Sports -
Cramer says an 'outrageously bullish' combination of stocks is leading the bull market
CNBC's Jim Cramer noted that industrial, utility and tech stocks are going up at the same time.CNBC - Business -
US stocks close at record high on slower pace of inflation
Investors increase bets on Fed’s interest rate cuts this year as price growth moderatesFinancial Times - Business -
Warren Buffett’s Berkshire Hathaway reveals Chubb as ‘mystery stock’ purchase
Berkshire Hathaway revealed in a filing that it had accumulated nearly 26 million shares of insurer Chubb Ltd. as of the end of the first quarter.MarketWatch - Business -
Cisco’s stock rises as demand stabilizes and revenue outlook impresses
“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.MarketWatch - Business -
China Property Stocks Rally as More Cities Unveil Rescue Steps
Shares of Chinese property developers surged on rising expectations that government entities in China are helping buy up excess housing in a bid to revive the struggling real-estate sector.The Wall Street Journal - World - China -
Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.CNBC - Business -
GameStop, AMC tumble as meme stock rally fizzles after just two days
GameStop and AMC shares fell as the meme stock trading frenzy showed signs of fizzling early on its third day.CNBC - Business -
Here are some of the tech stocks Daniel Loeb’s Third Point hedge fund has snapped up
Daniel Loeb’s Third Point hedge fund has gone deeper into stocks of major tech companies, a filing with the Securities and Exchange Commission showed late Wednesday.MarketWatch - Business -
Meme stocks like GameStop and AMC are hot again — what it means for meme coins
A weekly look at the most important moves and news in crypto, and what’s on the horizon in digital assets.MarketWatch - Business -
Ministers split over aid for Titanic shipbuilder Harland & Wolff
UK chancellor ‘dragging feet’ over £200mn package for Belfast groupFinancial Times - World -
Labour and Tories to raise pressure on City watchdog over growth
Concerns have risen over Financial Conduct Authority’s ability to spur competitivenessFinancial Times - World -
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Major U.S. stock indexes closed at records after the release of the inflation data, with the S&P 500, Nasdaq and Dow gaining 1.2%%, 1.4% and 0.9%, respectively.
Major U.S. stock indexes closed at records after the release of the inflation data, with the S&P 500, Nasdaq and Dow gaining 1.2%%, 1.4% and 0.9%, respectively.The Wall Street Journal - World