Tag Archives: Crude

(Bloomberg) — One of Apple Inc.’s most senior executives is leaving after he turned up in a viral video on TikTok making an off-color joke that he fondles “big-breasted women” for a living. Most Read from Bloomberg In the video, published on Sept. 5, Apple’s Tony Blevins was approached by TikTok and Instagram creator Daniel Mac as part of a series where he asks owners of expensive cars their occupations. The executive was stopped by Mac while parking a Mercedes-Benz SLR McLaren, an… Source link

(Bloomberg) — U.S. stocks closed at a record high for a third consecutive trading session amid growing optimism over the budding economic recovery and progress on vaccines. Long-term Treasury yields edged lower. The benchmark S&P 500 Index gained for a fifth straight trading session, led by the utilities and real estate sectors. The Dow Jones Industrial Average also closed at a record and finished up for a seventh session in a row. Apple Inc., Tesla Inc. and Facebook Inc. led the tech-heavy… Source link

(Bloomberg) — Oil opened the week in robust form after a raft of economic data from China added to signs of recovery from the coronavirus pandemic just as the OPEC+ alliance presses on with output curbs to drain global inventories. West Texas Intermediate in New York gained 0.9%, while Brent also climbed. Figures from China for the first two months of the year showed a surge in industrial output, underscoring the strength of its V-shaped recovery and reinforcing expectations for increased… Source link

(Bloomberg) — Brent oil erased gains as the market shrugged off an attack on the world’s largest crude terminal in Saudi Arabia. Futures in London earlier surged above $71 a barrel, the highest since January 2020, before later trading below $70. The assault on a storage tank farm at the Ras Tanura terminal on Sunday was intercepted, Saudi Arabia said, and oil output appeared to be unaffected. Oil has rebounded this year amid OPEC+ supply cuts and recovering demand, with economies emerging… Source link

The Canadian Press McConnell backs off Senate filibuster fight with Schumer WASHINGTON — Senate Republican leader Mitch McConnell backed off his demand that Senate Democrats preserve the procedural tool known as the filibuster, easing a standoff with new Majority Leader Chuck Schumer as the two negotiated a power-sharing agreement in the closely divided chamber. McConnell said late Monday he had essentially accomplished his goal after two Democratic senators said they would not agree to… Source link

(Bloomberg) — Markets started the week in the green, with tech shares climbing and investors continuing to focus on the U.S. administration’s $1.9 trillion Covid-19 relief plan. Futures on the Nasdaq 100 Index added almost 1%, outperforming contracts on the Russell 2000 Index of small-cap shares. GameStop Corp. extended its extreme rally, surging 46% in premarket trading. In Asia, Chinese internet firm Tencent Holdings Ltd. jumped 11%, the biggest gain since 2011, as mainland traders… Source link