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Saudi Arabia's Oil Production Cuts Reflect Cost of Reshaping Economy
Business

Saudi Arabia's Oil Production Cuts Reflect Cost of Reshaping Economy

Riyadh needs to keep prices high enough to fund grandiose gigaprojects. Source link

BoE's Bailey urges firms to assume lower inflation when setting prices By Reuters
Finances

Asia stocks wobble as OPEC+ output cuts, weak US data raise uncertainty By Reuters

© Reuters. FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in

Walmart sees over 2000 job cuts in e-commerce warehouses
Stock Market

Walmart sees over 2000 job cuts in e-commerce warehouses

© Reuters. FILE PHOTO: A Walmart store is seen in Encinitas, California April 13, 2016. REUTERS/Mike Blake (Reuters) – Walmart (NYSE:) Inc’s job cuts at

Oil Prices Jump as Saudi-Led Group Plans Output Cuts
Finances

Oil Prices Jump as Saudi-Led Group Plans Output Cuts

A potential U.S. recession and demand from China will help determine whether crude pushes even higher. Source link

Stock Investors Should Be Careful After OPEC+ Cuts
Stock Market

Stock Investors Should Be Careful After OPEC+ Cuts

To put it mildly, traders are pretty optimistic right now. The S&P 500 has rallied again over the last couple of weeks, with the broad

European stocks higher; UBS rises as confidence returns
Stock Market

UBS shares dip amid reports of job cuts, Credit Suisse deal probe By Investing.com

© Reuters. By Scott Kanowsky  Investing.com — Shares in UBS Group AG (SIX:) edged lower on Monday after a media report said the Swiss banking giant

Oil prices jump nearly $5 on surprise OPEC+ output cut
Finances

Oil surges as OPEC+ surprise output cuts shake markets By Reuters

© Reuters. FILE PHOTO: An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in

Tesla Reports Uptick in Vehicle Deliveries After Price Cuts
Business

Tesla Reports Uptick in Vehicle Deliveries After Price Cuts

Business Autos & Transportation Autos Industry The company delivered around 36% more vehicles to customers in the first quarter than it did a year earlier

Tesla misses delivery estimates as price cuts fail to lure buyers By Reuters
Stock Market

Tesla misses delivery estimates as price cuts fail to lure buyers By Reuters

© Reuters. FILE PHOTO: Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle

Saudi Arabia, OPEC+ producers announce voluntary oil output cuts By Reuters
Finances

Saudi Arabia, OPEC+ producers announce voluntary oil output cuts By Reuters

© Reuters. FILE PHOTO: An employee pumps fuel into a car at a Shell petrol station in Nairobi, Kenya, September 20, 2018. REUTERS/Baz Ratner/File Photo