The S&P 500 wavered between gains and losses on Friday as Wall Street looked to the end of what is shaping up to be a losing week. The broad index was little changed, while the Nasdaq Composite slipped about 0.8%. The Dow Jones Industrial Average added 135 points, or 0.4%.Each …
Read More »Russia to cut oil output by 500,000 bpd in March
Russia will cut oil production by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister Alexander Novak said on Friday, after the West imposed price caps on Russian oil and oil products. The price of Brent crude rose on the news of the output …
Read More »Heavy snow in Japan disrupts flights and trains and closes roads
Japanese authorities and companies said that heavy snow in many parts of Japan on Friday caused the cancellation of 100 flights, closed dozens of roads and disrupted railway services. Domestic airlines including ANA, Japan Airlines and others canceled a total of 100 flights due to the snow until noon, according …
Read More »Japanese stocks closed higher, supported by strong earnings and expectations
Japanese stocks closed higher on Friday, boosted by strong corporate earnings and the expectations of domestic companies, with Tokyo Electron leading the gains after raising its annual profit forecast. The Nikkei index rose 0.31 percent to close at 27,670.98 points, after rising 0.8 percent earlier in the session. The index …
Read More »Russia expects its oil production to decrease in 2023
Russian news agencies quoted Deputy Prime Minister Alexander Novak as saying on Friday that there is a possibility that the country’s oil production will decline in 2023, as a result of pressure exerted by the European Union and the ceiling set by the Group of Seven for the price of …
Read More »Dow climbs 200 points, Disney shares higher after strong earnings
The Dow Jones Industrial Average gained 226 points, or 0.7%. The S&P 500 added 0.6%, while the Nasdaq Composite added 0.8% on Thursday. Disney shares gained more than 2% after the company posted smaller-than-expected subscriber losses along with earnings and revenue that beat estimates. The stock pared gains after CEO …
Read More »Japan’s Nikkei closed lower, following Wall Street
Japan’s Nikkei closed lower on Thursday, retreating from its highest level in nearly two months, as the benchmark tracked the weak performance on Wall Street after investors had long been wary of higher US interest rates. The earnings season witnessed a mixture of winners and losers among the major companies. …
Read More »Russia warns of consequences after UK fighter jet deliveries to Ukraine
British fighter jet deliveries to Ukraine would have military and political ramifications for the entire European continent according to the Russian embassy in London.The headlines from Tass follow Ukrainian President Volodymyr Zelensky’s call for deliveries of British warplanes to ensure a victory that would “change the world.”There has been little …
Read More »Uber beats estimates, stock is up
Uber reported Q4 earnings on Wednesday that beat analysts’ estimates. In a prepared statement, CEO Dara Khosrowshahi said Uber ended 2022 with its “strongest quarter ever,” capping off its “strongest year.”For the first quarter of 2023, Uber said it expects gross bookings to grow between 20% and 24% year over …
Read More »Japanese Nikkei index is falling affected by weak profits in tech
Japan’s Nikkei fell on Wednesday amid heavy selling in stocks of major technology companies such as Nintendo and SoftBank Group after disappointing financial results, dashing any hopes of capitalizing on Tuesday night’s gains on Wall Street. Investment group SoftBank fell 5.1% after posting a quarterly loss, while video game maker …
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