GDP, a measure of all the goods and services produced, increased at a 3.3% annualized rate in the fourth quarter of 2023. Wall Street had been looking for a 2% […]
Author: Consultant
Oil rises toward $80 a barrel as China announces stimulus
Oil rose slightly on Wednesday, with Brent trading near $80 a barrel, as a Chinese economic stimulus package and geopolitical tensions were countered by concerns over tepid demand and a […]
Live updates: Bank of Canada holds key interest rate steady at 5% in first decision of 2024
Bank of Canada holds rate steady, says discussions have shifted away from further hikesThe Bank of Canada held its policy interest rate steady for the fourth consecutive time, and said […]
Dow and S&P 500 climb to new all-time highs: Live updates
Stocks rose Monday as investors built on the previous session’s historic move to record highs.The Dow Jones Industrial Average climbed 150 points, or 0.5%, to a new record level. The S&P 500 added 0.2%, […]
Oil rises as geopolitics counter demand concerns
Oil prices rose on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds dampening global oil demand.Brent crude rose […]
Sunoco to buy NuStar Energy in US$7.3-billion deal, including debt
Sunoco SUN-N said on Monday it would acquire fuels storage and pipeline operator NuStar Energy NS-N in a deal valued at about $7.3-billion including debt, as it tries to diversify its core business beyond […]
Economic Calendar: Jan 22 – Jan 26
Monday January 22Bank of Japan monetary policy meeting and outlook report (continues Tuesday)10 am ET: U.S. leading indicatorEarnings include: United Airlines Holdings Inc.==Tuesday January 23Euro area consumer confidence830 am ET: Canada […]
Nat-Gas Prices Plummet on Forecasts for Above-Average U.S. Temps
February Nymex natural gas (NGG24) on Friday closed -0.178 (-6.60%).Nat-gas prices on Friday fell sharply for a second day to a 3-week low, as weather forecasts shift warmer for the […]
Crude Prices Post Moderate Losses as IEA Forecasts Adequate Global Supplies
February WTI crude oil (CLG24) on Friday closed down -0.67 (-0.90%), and Feb RBOB gasoline (RBG24) closed down -2.07 (-0.95%).Crude oil and gasoline prices on Friday settled moderately lower. Expectations […]