Oil Surge Sends US Equity Futures Down, Yields Up: Markets Wrap
US equity futures slipped and the dollar climbed with Treasury yields as the surprise production cut from OPEC+ sent oil prices about 6% higher. • None UBS to…
Source: biztoc.com
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China Missing Banker's Firm Delays 2022 Results, Halts Trading
China Renaissance Holdings Ltd. said it’ll suspend trading of its shares from Monday and delay the release of its audited results for 2022, as the investment…
Source: biztoc.com
Endeavor Group Nears Deal to Acquire Vince McMahon's WWE
Endeavor Group Holdings Inc. is nearing a deal to acquire World Wrestling Entertainment Inc. for about $9 billion, according to people familiar with the…
Source: biztoc.com
Oil Rockets 8% After OPEC+ Jolts Market With Surprise Output Cut
Oil surged at the week’s open after OPEC+ unexpectedly announced crude output cuts that threaten to tighten the market, delivering a fresh inflationary jolt…
Source: biztoc.com
Beijing's Micron Probe Spurs $12 Billion Rally in China Chip Stocks
Chinese chip-related stocks advanced amid optimism that they will benefit from the nation’s growing self-reliance push after Beijing launched a probe into…
Source: biztoc.com