Oil falls after China releases reserves of gasoline, diesel
Oil prices fell on Monday after China said it released reserves of gasoline and diesel to boost supply, while investors unwound long positions ahead of an OPEC+ meeting on Nov. 4.
Sunday, October 31, 2021
Oil falls after China releases reserves of gasoline, diesel
Oil falls after China releases reserves of gasoline, diesel
Oil prices fell on Monday after China said it released reserves of gasoline and diesel to boost supply, while investors unwound long positions ahead of an OPEC+ meeting on Nov. 4.
Thailand reopens to vaccinated tourists from over 60 nations
Authorities hope reopening will generate $30bn for the tourism sector despite ongoing restrictions.
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Coke to pay $5.6 billion for full control of BodyArmor
Coke to pay $5.6 billion for full control of BodyArmor
Coca-Cola Co. is buying full control of BodyArmor for $5.6 billion in a deal that values the sports drink brand at about $8 billion, according to people familiar with the matter, amping up a rivalry with Gatorade.
An 'eraser button': Focused ideas could help bridle Big Tech
An 'eraser button': Focused ideas could help bridle Big Tech
Lawmakers are getting creative as they introduce a slew of bills intended to take Big Tech down a peg. One bill proposes an "eraser button" that would let parents instantly delete all personal information collected from their children or teens.
Investors buy oil on inflation fears, pushing prices even higher
Investors buy oil on inflation fears, pushing prices even higher
Fund managers are contributing to a rally that has pushed oil prices to their highest level since the 2014 energy bust. While energy-futures markets are more typically the province of producers and commodities-focused hedge funds, an oil rally that shows no signs of slowing is now exerting a pull on traditional money managers who run portfolios of stocks and bonds
How Japan's new PM is promising a 'new capitalism'
Will leader Fumio Kishida's plans to share the wealth materialise?
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UK steel makers 'left behind' as US ends trade war
The US ended a feud with the EU over everything from Harley-Davidsons to whiskey but the UK was left out of the deal.
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Fed decision, jobs report, CVS Health earnings top week ahead
Fed decision, jobs report, CVS Health earnings top week ahead
The Federal Reserve releases its decision on interest rates and likely an update on inflation Wednesday.
Biden announces agreement with EU to lift steel, aluminum tariffs as part of transatlantic climate plan
Biden announces agreement with EU to lift steel, aluminum tariffs as part of transatlantic climate plan
President Biden and European Commission President Ursula Von Der Leyen announced a new agreement on Sunday that includes lifting steel and aluminum tariffs as part of what Biden called “a new era of transatlantic cooperation.”
Cyberattacks: Research shows which countries are most at risk
Cyberattacks: Research shows which countries are most at risk
Cyber threats vary widely across the globe with some countries at very high risk for attacks.
G20: World leaders agree to historic corporate tax deal
Leaders at the G20 in Rome endorse a proposal that sets a minimum tax rate of 15% on big businesses.
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Biden, at Rome summit, seeks fixes for supply chain kinks
Biden, at Rome summit, seeks fixes for supply chain kinks
President Biden is convening world leaders at the Group of 20 summit on Sunday to talk about ways to relieve the supply chain bottlenecks hampering the global economy as it recovers from the coronavirus pandemic.
Saturday, October 30, 2021
JCB signs green hydrogen deal worth billions
JCB will take 10% of the green hydrogen made by Australian mining company Fortescue Future Industries.
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Southwest under fire after video surfaces purportedly showing pilot say 'Let's go Brandon'
Southwest under fire after video surfaces purportedly showing pilot say 'Let's go Brandon'
Southwest Airlines is under fire after a video surfaced purportedly showing one of its pilots saying “Let's go Brandon” over the plane's intercom system.
Biden urges G20 leaders to increase energy production as coal surges, oil crunch continues
Biden urges G20 leaders to increase energy production as coal surges, oil crunch continues
President Biden will ask global leaders to increase energy output as the United States faces a coal shortage and rising energy prices.
G20 leaders find agreement on global tax deal
G20 leaders find agreement on global tax deal
The Latest on the Group of 20 summit taking place in Rome: Leaders have expressed “broad support” for a landmark deal to establish a 15% global minimum corporate tax that aims at deterring multinational countries from using clever accounting to elude taxes by using low-rate havens.
Patagonia is boycotting Facebook, urges other companies to do the same
Patagonia is boycotting Facebook, urges other companies to do the same
Patagonia is doubling down on its decision to stop all paid advertising on Facebook Inc. platforms, urging other companies to join the sportswear company in its boycott of the social-networking company as it faces widespread scrutiny following the release of internal documents.
Prosecutors urge prison for Michael Avenatti in Nike case
Prosecutors urge prison for Michael Avenatti in Nike case
New York prosecutors urged a judge Friday to order California lawyer Michael Avenatti to begin serving a 2 1/2-year prison term, more than a year after he was convicted of trying to extort up to $25 million from Nike.
AOC says Biden should cancel student debt after spending bill cuts: 'He doesn't need Manchin's permission'
AOC says Biden should cancel student debt after spending bill cuts: 'He doesn't need Manchin's permission'
Rep. Alexandria Ocasio-Cortez reiterated her call for President Biden to cancel student debt on Friday after moderate Democrats, including Sen. Joe Manchin of West Virginia, forced significant cuts to programs favored by progressives in the “Build Back Better Act.”
BlackRock targeted in new ad campaign for being too woke
BlackRock targeted in new ad campaign for being too woke
The world’s largest money manager is getting put on blast for being too woke.
McCarthy, Republicans torch Democrats over rising energy prices: 'We are the Saudi Arabia of natural gas'
McCarthy, Republicans torch Democrats over rising energy prices: 'We are the Saudi Arabia of natural gas'
Fox News attended the Wednesday roundtable on surging energy prices across America, where a reporter asked the top House Republican on if the GOP had a plan to drive down gas and power prices.
SpaceX Crew-3 launch delayed due to 'large storm system'
SpaceX Crew-3 launch delayed due to 'large storm system'
The SpaceX Crew-3 launch, initially slated to liftoff from NASA’s Florida-located Kennedy Space Center early Halloween morning, has been delayed due to a large storm system.
FBI raids Chinese sales equipment supplier: report
FBI raids Chinese sales equipment supplier: report
U.S. federal investigators raided the Florida offices of a Chinese point-of-sale device provider that reportedly facilitated cyberattacks on American and European entities.
Friday, October 29, 2021
Greta Thunberg: Activist calls on banks to stop funding climate 'destruction'
The Swedish campaigner is in the UK to take part in protests ahead of next week's COP26 conference.
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FDA approves Pfizer vaccine for emergency use in children aged 5 to 11
FDA approves Pfizer vaccine for emergency use in children aged 5 to 11
The U.S. Food and Drug Administration approved the Pfizer-BioNTech COVID-19 vaccine for emergency use in children aged 5 to 11 on Friday, a critical step toward beginning vaccinations for the age group.
Microsoft unseats Apple as most valuable company
Microsoft unseats Apple as most valuable company
Microsoft leapfrogged Apple for one of Wall Street’s most prestigious financial milestones.
Amazon updates Rivian stake, Ford talks IPO
Amazon updates Rivian stake, Ford talks IPO
Amazon and Ford are both backers of the electric vehicle maker.
Amazon to pay billions to prevent holiday shortages
Amazon to pay billions to prevent holiday shortages
Bankrate senior economic analyst Mark Hamrick and Simpler Trading director of options Danielle Shay on retailers like Amazon preparing for the holiday shopping season and how this can impact companies’ earnings and stocks.
Microsoft passes Apple to become most valuable company
Microsoft passes Apple to become most valuable company
SlateStone Wealth chief market strategist Kenny Polcari says he's 'bullish' on Microsoft stock.
Facebook rebranding to Meta 'terrifying': Parler CEO
Facebook rebranding to Meta 'terrifying': Parler CEO
George Farmer on Facebook's metaverse rebranding, arguing people want less Big Tech entering their lives.
Arm & Hammer, OxiClean parent plans price hikes
Arm & Hammer, OxiClean parent plans price hikes
Church & Dwight, the parent company of Arm & Hammer and Oxy Clean, is raising prices.
Daniel Yergin: Oil prices could rise to $100 per barrel due to cold winter
Daniel Yergin: Oil prices could rise to $100 per barrel due to cold winter
Daniel Yergin argues Biden's energy policies will force the U.S. to import oil, likely surging barrel prices up to $100 this winter.
Varney: Far-left is running Democrat Party into the ground
Varney: Far-left is running Democrat Party into the ground
FOX Business' Stuart Varney discusses division among the Democrat Party.
Walkers crisp supplies disrupted after computer glitch
The company says it is "working around the clock" to resolve the issue.
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Volvo shares accelerate on stock market debut
Investors snap up shares in the Chinese-owned Swedish carmaker as they go on sale in Stockholm.
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Lucid Motors stock surges on automaker's first deliveries
Lucid Motors stock surges on automaker's first deliveries
Shares of Lucid Motors have jumped more than 6% on Friday as the luxury electric vehicle maker prepares to deliver its first batch of the Dream Edition Lucid Air on Saturday, Oct. 30.
November for stocks begins best 3 months
November for stocks begins best 3 months
U.S. stocks have seen a record year already and the environment may get even better in the next three months.
Progressives block infrastructure vote again, but endorse Biden reconciliation framework in massive compromise
Progressives block infrastructure vote again, but endorse Biden reconciliation framework in massive compromise
House progressives made clear they won't budge on their demand for the reconciliation bill to pass at the same time as the bipartisan infrastructure bill, but they are willing to back a massively scaled-down version of reconciliation.
Scaled-down reconciliation bill still ‘very dangerous’: Rep. Tenney
Scaled-down reconciliation bill still ‘very dangerous’: Rep. Tenney
Rep. Claudia Tenney, R-N.Y., on the new version of the spending bill.
Facebook rebrand is ‘stuff of nightmares’: Parler CEO
Facebook rebrand is ‘stuff of nightmares’: Parler CEO
Parler CEO George Farmer reacts to Facebook changing its name to Meta.
Parler CEO on Facebook rebrand, Trump’s social media platform
Parler CEO on Facebook rebrand, Trump’s social media platform
Parler CEO George Farmer reacts to Zuckerberg’s unveiling of ‘Meta’ and former President Trump’s new social media platform called Truth Social.
Stock futures slide as Apple, Amazon struggle with supply chain bottlenecks
Stock futures slide as Apple, Amazon struggle with supply chain bottlenecks
U.S. stock futures were lower Friday morning as the supply chain crunch weighed on results from Apple and Amazon.
Slow rise from ultra-low mortgage rates predicted
Brokers say the current cost of a mortgage is the lowest it will be "for some time".
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Apple, Amazon earnings prove real dollars being influenced by 'lack of access': Expert
Apple, Amazon earnings prove real dollars being influenced by 'lack of access': Expert
Third Bridge TMT global sector lead Scott Kessler says Apple and Amazon earnings fell below estimates due to supply chain issues.
Disappointing earnings a 'wake-up call' for Apple, Amazon: Cornerstone Wealth CIO
Disappointing earnings a 'wake-up call' for Apple, Amazon: Cornerstone Wealth CIO
Cornerstone Wealth CIO Cliff Hodge argues that supply chain disruptions have impacted earnings for some of the best-run companies.
Stock futures slide following Apple, Amazon results
Stock futures slide following Apple, Amazon results
U.S. equity futures traded lower to end the week following disappointing results from Apple and Amazon.
Thursday, October 28, 2021
Biden team finding ‘creative new ways’ to make immigration crisis worse: Rep. Zeldin
Biden team finding ‘creative new ways’ to make immigration crisis worse: Rep. Zeldin
Rep. Lee Zeldin, R-N.Y., on new limitations for ICE officers amid the immigration crisis.
Varney: Biden goes to Glasgow summit with vague, uncertain climate plan
Varney: Biden goes to Glasgow summit with vague, uncertain climate plan
FOX Business' Stuart Varney, during his latest "My Take" on "Varney & Co.," argued President Biden is heading to the Glasgow summit with a “vague” and “uncertain climate plan.”
Oversight Republicans accuse Biden admin of not taking skyrocketing fuel and energy prices crisis ‘seriously’
Oversight Republicans accuse Biden admin of not taking skyrocketing fuel and energy prices crisis ‘seriously’
Republicans on the House Oversight Committee on Thursday accused the Biden administration of not taking U.S. oil and gas shortages “seriously.”
US growth slows to just 2% as Delta hits economy
The US economy slowed sharply in the third quarter as the Delta variant of Covid continued to spread.
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Covid: All countries to be removed from England's travel red list
The BBC understands the changes, which will initially apply in England, will be announced later.
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COVID vaccine mandates for kids not advisable yet: Dr. Matt McCarthy
COVID vaccine mandates for kids not advisable yet: Dr. Matt McCarthy
Dr. Matt McCarthy, infectious disease expert, weighs in on the complexities of COVID vaccines for children and FDA approval.
Current Real Estate co-founder on using Instagram to promote properties
Current Real Estate co-founder on using Instagram to promote properties
Current Real Estate Advisors co-founder Brandon Charnas on how the social media platform has helped his business grow.
Budget 2021: Surge in house prices predicted to slow
Official forecasters still expect house prices to rise in each of the next five years.
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Stephen Moore: New GDP report is a five alarm siren warning and now stagflation is baaack
Stephen Moore: New GDP report is a five alarm siren warning and now stagflation is baaack
Inflation, which had been relatively tame for 40 years, has been a cascading problem in Biden’s first ten months in office.
Construction demand drives Caterpillar sales
Construction demand drives Caterpillar sales
Construction demand drove third quarter sales higher at Caterpillar as did rising demand from miners and other heavy industry as the global economy emerges from the pandemic.
Sen. Rubio slams Biden for coming to DC to 'pitch and sell' his 'socialist plan'
Sen. Rubio slams Biden for coming to DC to 'pitch and sell' his 'socialist plan'
Sen. Marco Rubio, R-Fla., argues President Biden is selling a plan that will raise taxes, increase debt spending, give the federal government more power.
Voyager Digital CEO: 'There's a lot of opportunity for cryptocurrency in the financial sector'
Voyager Digital CEO: 'There's a lot of opportunity for cryptocurrency in the financial sector'
Voyager Digital CEO and co-founder Steve Ehrlich explains how the digital economy is evolving, arguing that 'crypto isn't' as cryptic as people make it seem.'
FTC begins looking into Facebook disclosures
FTC begins looking into Facebook disclosures
Federal Trade Commission staffers have begun looking into disclosures that Facebook Inc.’s internal company research had identified ill effects from its products, according to people familiar with the matter.
Sen. Blackburn calls on Facebook to target criminals using platforms for human trafficking services
Sen. Blackburn calls on Facebook to target criminals using platforms for human trafficking services
EXCLUSIVE: Sen. Marsha Blackburn calls on Facebook to make a stronger effort to target criminals after a series of leaked documents revealed how the platform facilitates human and drug trafficking.
Biden reconciliation framework costs $1.75T, includes $1.995 trillion in tax hikes, White House says
Biden reconciliation framework costs $1.75T, includes $1.995 trillion in tax hikes, White House says
The White House says it expects all Democrat senators to supports its framework.
