investing
Investing
Stocks rebound from inflation selloff, but head for 5th weekly fall
Investing
Oil edges back up despite Putin’s pledge to honor supply commitments
Investing
ECB’s hawkish surprise, war tensions pressure European stocks
Investing
Oil bounces as tight supply gives high floor to prices
GE reaffirms 2022 earnings forecast despite challenges
Date: March 10, 2022
By Rajesh Kumar Singh GREENVILLE, S.C. (Reuters) -General Electric Co on Thursday reiterated its 2022 earnings forecast despite inflationary and supply-chain challenges. Ahead of an in-person investor meeting, the Boston-based industrial conglomerate said it expects to post high-single-digit revenue growth this year on the back of a more than 20% increase in aviation revenue. Adjusted...
Oil plunges as much as 17% as UAE says support output hike
Date: March 9, 2022
By Shariq Khan BENGALURU (Reuters) – Oil prices plunged over 17% on Wednesday after the United Arab Emirates said the OPEC member would support boosting supply into a market in disarray because of supply disruptions caused by sanctions imposed on Russia after it invaded Ukraine. Brent crude fell more than 17%, or $22, during a...
Stocks rebound as markets pause, oil prices cool down
Date: March 9, 2022
By Elizabeth Howcroft LONDON (Reuters) – European stock markets rose on Wednesday as investors paused after three days of selling, while oil prices edged back down from their latest peak. Russia accused the United States of declaring an economic war, after U.S. President Joe Biden announced a ban on Russian oil exports on Tuesday. Western...
Oil price soars on talks about Russia oil ban, Iran deal delay
Date: March 7, 2022
By Bozorgmehr Sharafedin and Scott DiSavino LONDON (Reuters) -Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered banning Russian oil imports and prospects for a swift return of Iranian crude to global markets receded. Brent crude reached $139.13 a barrel and...
GameStop’s Cohen takes stake in Bed Bath & Beyond, pushes for changes
Date: March 7, 2022
By Svea Herbst-Bayliss (Reuters) -Billionaire investor Ryan Cohen said on Sunday he now owns nearly 10% of Bed Bath & Beyond and wants the housewares retailer to explore strategic alternatives that include a full sale of the company. Cohen, who co-founded online pet products retailer Chewy and is chairman of the board of videogame retailer...
German real yields fall to new record lows on stagflation fears
Date: March 7, 2022
By Stefano Rebaudo MILAN (Reuters) – Surging inflation expectations triggered by possible sanctions on Russian oil drove euro zone real government bond yields to fresh record lows on Monday, amid rising fears of a stagflationary shock for the European economy. Brent crude prices soared to their highest levels since 2008 after the United States and...