Page 22 - Developers Conference News Today

because oil producing countries agreed to continue cutting production basically to push up prices which seems to be working so far. saudi arabia said it would make cuts of1 million barrels a day injuly and 0pec+ said targets would drop by 1.4 million barrels per day from 202a. 0pec+ accounts for a1% of crude oil and lets get more for our middle east correspondent. it was widely expected before the meeting started on the weekend that 0pec+ would reduce oil production because it is hover...

hello, im sally bundock, here with your top business stories. lets start with oil, because crude prices have risen some 2% after saudi arabia and opec plus countries announced they would be cutting production to stabilise oil prices. saudi arabia said it would make cuts of one million barrels per day injuly, which is around 1% of global supplies. opec plus countries — which account for around a0 % of the worlds crude oil — said they would cut production by some 1.4 million barrels ...

agreed to continue cutting production basically to push up prices which seems to be working so far. saudi arabia working so far. saudi said prices which seems to be working so far. saudi said it would make cuts of1 million barrels a day and targets would drop by 1.4 million barrels per day from 2024. 0pec+ accounts for crude oil and lets get more for our middle east correspondent. it more for our middle east correspondent.— more for our middle east correspondent. it was widely execte...

prime minister later. hello and welcome. a gunman has shot dead 19 students and one teacher at a primary school in the us state of texas. the pupils were between the ages of seven and ten. the mass shooting was in the small town of uvalde, west of san antonio, at robb elementary school, which is made up of a largely hispanic community. authorities say the suspected attacker was an 18—year—old named salvador ramos. he was shot dead by law enforcement officers. he is believed to have...

in a move that could push the country closer to default. the treasury department said it would end a waiver that had allowed us bondholders to accept payments. russia has almost $2 billion worth of payments on its international bonds that will be due up to the end of the year. joining me now is patrick reid, co—founder of the adamis principle. i guess the place to start with this is how close it will bring russia to default in common what would happen if it does? thank you for having...

The industry, could it mean less traffic for the malls and Shopping Centers where the theaters are located theres already signs of weakness with one of the largest facing a cash crunch more ahead. Move, movers and gainers in the retail space with deckers, the maker of ugg, up 13 right now. Ross stores up 9 , surging after results. More names next week, including costco, best buy, and gap. Two big moves in the pharma space. Merus soaring 30 on promising results for the melanoma drug. Immunocore d...

Higher Interest Rates, stronger than expected Economic Data, certainly part of the market story. We are going to tell you what j. P. Morgans ceo said about all of that in just a bit. Boeing, they are the big drags on the dow jones, today. The biggest drag and the biggest drag by far. That stock is down some 7 , today. Elsewhere, we are watching a continued reversal in copper and utilities. Copper is down about 2 and the utility sector with a roll of its own, today, it takes us to the talk of the...

Tomorrow night and apple making a nice move today as well. So were going to get to all of that. I do want to begin with you, josh, because you have interesting new moves that you have made in this market, and the first one is you bought corning. Glw, trading right around a 52week high. I dont know, pennies away from that. On pace for its seventh straight day of gains. Amidst this momentum, why are you buying it now . So it might be a little bit short term overbought, but this is the type of tact...

Satya nadella is wrapping up his keynote address at the companys build Developers Conference. The shares hitting alltime highs today. Steve kovach joins us from seattle with more. Steve . Reporter hey there, kelly. Yeah, were here at the tail end. Right now we have microsoft cto kevin scott on stage, giving a lot of demos of chatgpt 4. 0. That is, of course, the new language model that chatgpt, open ai launched last year, the one that lets you have these natural conversations. Were also looking,...

For nvidia. Chip stocks waiting to fuel record highs for tech and options point to a big swing when it reports tomorrow. The Jpmorgan Chase ceo an nouning his retirement may come within five years. Lets begin with the markets, jim. A bit of the setup here, tech alltime high on the s p. There are semiconductors yesterday that arent even doing well or at least hinted that things are turning. Texas instruments gave a sense that the stock was just on fire. Micron on that basically capitulation call....