cuts
By Alex Lawler, Ahmad Ghaddar and Robert Harvey LONDON (Reuters) – OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more,…
Investing.com — Shares of STMicroelectronics fell on Wednesday after the company announced a delay in its long-term financial targets. The semiconductor manufacturer extended its ambitious goal of achieving $20 billion in revenue and a gross margin of around 50% to 2030, a shift from its previous target of 2025-2027. The…
By Vladimir Soldatkin and Guy Faulconbridge MOSCOW (Reuters) -Russia halted gas supplies to Austria on Saturday in a dispute over payments but was still pumping steady volumes to Europe via Ukraine after remaining buyers asked for more gas. Russia, which before the Ukraine war was the biggest single supplier of…
Investing.com– U.S. stock index futures posted small gains Wednesday, overturning the earlier weaker tone after US consumer inflation came in as expected in October, suggesting the Federal Reserve could continue with its easing path. At 09:32 ET (14:32 GMT), the rose 40 points, or 0.1%, the index climbed 7 points,…
Investing.com– Oil prices moved little in Asian trade on Wednesday, hovering around two-week lows after the OPEC cut its demand outlook again, while focus remained on more stimulus measures in China. Markets also turned skittish over the U.S. economy, ahead of key consumer inflation data due later in the day,…
Investing.com – European stock markets retreated Tuesday as investors digested fresh regional employment and inflation data as well as quarterly earnings from some major companies. At 07:35 ET (12:35 GMT), the in Germany traded 1% lower, the in France fell 1.3% and the in the U.K. dropped 1%. European equities…
By Patrick Wingrove (Reuters) -Novavax cut its annual revenue forecast on Tuesday, citing lower-than-expected sales of its COVID-19 vaccine, ahead of handing over the rights to sell the shot to French drugmaker Sanofi (NASDAQ:). Shares of the U.S. biotech firm dropped about 8.2% to $8.28 in premarket trading. The U.S.…
Sword Health cut a portion of its physical therapists last month, the company confirmed to BI.The startup aims to use AI to help increase the number of patients its physical therapists care for.Sword, which hit a $3 billion valuation earlier this year, could go public as soon as 2025. Sword…
Nissan (OTC:) Motor stock slumped 6% in Tokyo trading Friday, a day after the company said it would cut 9,000 jobs and reduce its global manufacturing capacity by 20%, aiming to slash costs by $2.6 billion this fiscal year as it faces sluggish sales in key markets like China and…
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street’s looks poised to test 6,000 for the first time as the Federal Reserve underscored a post-election stock surge with its second interest rate cut of the year on Thursday and a nod to more.…
