Oil rises on market caution over supply concerns

Models of oil barrels and a pump jack are displayed in front of a rising stock graph and “$ 100” in this illustration taken February 24, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register MELBOURNE, June 21 (Reuters) – Oil prices rose 1% in early trade on … Read more

Market positioning suggests more pain for equities despite the route, Bank of America says

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem … Read more

Stocks eye steepest slide since 2020 as central bankers roil markets

BOJ an outlier as leading central banks raise rates Investors’ recession fears grow US stocks set to bounce; S&P 500 seen up 0.9% LONDON, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020 as leading central banks doubled down on tighter policy in an effort to … Read more

Shell lures Texans with green power from new US retail business

Shell logo and stock graph are seen in this illustration taken May 1, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, June 7 (Reuters) – Shell launched a new green power business for homes across Texas on Tuesday, aiming to lure customers with plans including free … Read more

Biden wishes Elon Musk ‘luck’ on trip to the moon after job cut remark

US President Joe Biden delivers remarks on the monthly US jobs report, at the Rehoboth Beach Convention Center, in Rehoboth Beach, Delaware, US, June 3, 2022. REUTERS/Tom Brenner Register now for FREE unlimited access to Reuters.com Register REHOBOTH BEACH, Del., June 3 (Reuters) – US President Joe Biden, asked on Friday about Tesla (TSLA.O) CEO … Read more

Stock markets jolted by Musk’s economy and jobs warning

LONDON, June 3 (Reuters) – Wall Street was tipped for a weaker open on Friday, bucking share price gains in Europe and Asia after warnings on the economic outlook from Tesla Chief Executive Elon Musk who outlined plans to lay off 10% of his staff . Markets are on the edge ahead of crucial monthly … Read more

Stock markets struggle as fears over economy grow

LONDON, May 16 (Reuters) – European stocks slipped on Monday and Wall Street was set for a lower open, as investor sentiment struggled to recover from last week’s sell off amid fears of a slowdown in economic growth. Global shares hit their lowest point in 18 months last week, with investors worried that rising interest … Read more

Zimbabwe’s bank lending freeze will worsen economic crisis -business chamber

May 9 (Reuters) – Zimbabwe’s decision to suspend bank lending in a desperate bid to arrest the rapid devaluation of its currency will worsen the economic crisis and expose borrowers to predatory loans, the country’s business chamber said on Monday. “Surely, this is not an ideal measure to control the growth in broad money supply,” … Read more