With interest rates rising, increasing attention is being turned to the housing market, which has been hit by a slowdown since its post-pandemic surge. New signs of trouble come from Compass COMP, whose shares are falling in the premarket after the real estate agent and technology provider slashed its annual sales forecast and revealed plans … Read more
Voyager said it has about $1.3 billion worth of crypto on its platform and over $350 million in cash on behalf of clients at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images During a five-hour Chapter 11 bankruptcy hearing earlier this month for crypto firm Voyager Digital, a client named Magnolia was the … Read more
Voyager said it has about $1.3 billion worth of crypto on its platform and over $350 million in cash on behalf of clients at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images During a five-hour Chapter 11 bankruptcy hearing earlier this month for crypto firm Voyager Digital, a client named Magnolia was the … Read more
Every weekday, the CNBC Investing Club hosts a “Morning Meeting” live stream with Jim Cramer at 10:20 am ET. Here’s a recap of Monday’s key moments: Oil slump is good news We want confirmation that inflation has peaked Quick mentions: JNJ, LLY, LIN Disney’s real problem is its balance sheet 1. Oil slump is good … Read more
Welcome to a moody Monday with falling equity futures and oil prices hit hard after a string of dismal data out of China and a surprise rate cut. Some say the global growth engine’s economic woes are in a different drawer than the rest of the world due to Cihna’s self-imposed slowdown from COVID restrictions. … Read more
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A pumpjack is seen at Sinopec’s Shengli oil field in Dongying city, east China’s Shandong province, 12 January 2017. Picture taken January 12, 2017. REUTERS/Chen Aizhu/File Photo Sign up now for FREE unlimited access to Reuters.com to register Deliveries of diesel, gasoline and jet fuel are projected to fall by 30% to 40% from 2021 … Read more
The largest climate finance package in US history is on its way to President Joe Biden’s desk, with initiatives that could permanently transform the nation’s energy system. The impact on the clean energy space is huge, with the bill affecting nearly every industry from solar to wind, hydrogen, nuclear, electric vehicles and other emerging technologies. … Read more
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SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS) said Friday they would delist from the New York Stock Exchange. amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec … Read more
Oil prices have fallen from a peak earlier this year. However, energy companies’ earnings estimates have continued to rise on the back of stronger demand and low capital spending. Below is a selection of large-cap oil stocks to give investors a starting point. Take a look at a 10-year chart with continuous front month quotes … Read more
Ethereum is the second largest cryptocurrency in the world and competes with Bitcoin. Getty Ethereum, the second largest cryptocurrency by market value, has just held one final dress rehearsal ahead of a years-anticipated upgrade billed as one of the most important events in crypto history. Since its inception almost a decade ago, Ethereum has been … Read more