Stake into a chinese chip acre. Dip the most in nearly two months yesterday, setting the index closing down over 2 for the week. All companies except for 14 on the s p were down yesterday. Julie hyman has much more. Lets put this in context. The s p 500 was at a record as recently as september 18 and hasnt been losing ground. Down only 2. 3 from that time but we have seen a change in about whatconcerns is happening geopolitically around the globe in russia in particular. Of course, the continuing situation in the middle east, what effect will that have on oil and other segments of the market. Then in the background, the fed, when will that raise rates, what effect will that have . You see the three major averages. We still have not seen that 10 pullback in more than three years in the major averages, but yesterday, 320 billion are raised from the value of the s p 500. I should also mention apple contributing to that over concerns of its latest operating system update. The vix,lso see a
Retail sales and import export prices. Also worth watching today, november Consumer Sentiment and business inventories. Andrew, over to you. Corporate news this morning, Oil Field Services provider baker hughes confirming its now in talks with rival halliburton. This after the wall street journal reported on negotiations between the two. A merger would create a want korth 67 billion or possibly more. This years drop in Energy Prices has hurt and sent stock prices in the nasdaq much lower. Industry watchers note a deal would likely face antitrust concerns. Well talk to an analyst who covers the company in the next hour. Theres a real bet that oil price res going lower and that they need to consolidate to compete with schlumberger and the rest of them. Stock deal. They exchange cheaper stock for cheaper stock . Cheaper stock for cheaper stock. I imagine there would be a lot of layoffs because part of the whole idea is you would be trying to get your costs down. Speaking of energy, the ie
Athabasca Oil Announces 2023 Year-end Results & Reserves and Plans to Renew Annual Share Buyback Program lelezard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lelezard.com Daily Mail and Mail on Sunday newspapers.
01.11.2023 - CALGARY, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its third quarter results highlighted by record Adjusted Funds Flow and Free Cash Flow, operational .
Athabasca Oil Announces 2023 Second Quarter Results einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.