Oil from US reserves sent overseas as gasoline prices stay high HOUSTON, July 5 (Reuters) – More than 5 million barrels of oil that were part of a historic US emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as US gasoline …
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Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years July 5 (Reuters) – Tesla Inc (TSLA.O) faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first …
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S&P 500, Dow slip as recession fears mount US May factory orders rise more than expected Commodity-linked stocks, banks shares tumble Indexes fall: Dow 1.59%, S&P 1.20%, Nasdaq up 0.09% July 5 (Reuters) – The S&P 500 and the Dow fell on Tuesday, with investors fretting about the possibility of a recession as central banks …
Wall Street pushes up Exxon forecasts as refining margins soar Signage is seen at an Exxon gas station in Brooklyn, New York City, U.S. November 23, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register HOUSTON, July 5 (Reuters) – Wall Street analysts sharply increased their Exxon Mobil Corp(XOM.N) second quarter profit …
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Russian parliament passes first vote on war economy measures Russian lawmakers attend a session of the State Duma, the lower house of parliament, in Moscow, Russia January 16, 2020. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com register Firms will have to gear production to war effort Employees can be made to work …
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Euro slumps to two-decade low as recession fears grow Euro drops to lowest level since end of 2002 Dollar rises on safe-haven demand Yen sinks near 24-year lows again NEW YORK/LONDON, July 5 (Reuters) – The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to the …
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Airline SAS files for US bankruptcy protection as ground strike flights Airline files for Chapter 11 in the United States Filing comes after pilot strike began on Monday Strike grounding roughly half of airline’s flights STOCKHOLM, July 5 (Reuters) – Scandinavian airline SAS (SAS.ST) has filed for bankruptcy protection in the United States to help …
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Cryptoverse: The bonfire of the NFTs July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume …
Inflation at 24-yr high adds to strains in South Korea’s economy A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com register June inflation at highest since 1990s Asia …
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Norwegian oil and gas workers start strike, cutting output OSLO, July 5 (Reuters) – Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output, the union leading the industrial action told Reuters. The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil …
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