Bloomberg Oil Sands Give OPEC a Boost With Half-Million-Barrel Output Cut (Bloomberg) — Major oil sands producers in Western Canada will idle almost half a million barrels a day of production next month, helping tighten global supplies as oil prices surge.Canadian Natural Resources Ltd.’s plans to conduct 30 days of maintenance at its Horizon oil sands upgrader in April will curtail roughly 250,000 barrels a day of light synthetic crude output, company President Tim McKay said in an… Source link
Read More »This Tesla rival sees its $220,000 hypertruck hitting roads soon
TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have taken notice of the market shakeups, and are working out what it means for investors. According to macro strategist Gurpreet Gill, watching bond yields and stock values closely,… Source link
Read More »CEO of Bill Gates-backed electric car battery startup sees big breakthrough this year
Bloomberg Buffett’s Letter to Break Months of Silence Amid Tumult in U.S. (Bloomberg) — While 2020 raged, Warren Buffett mostly held his tongue.He stayed quiet through a heated presidential election, a racial reckoning that sparked nationwide protests and an exuberance for stocks that’s gripped millions of Americans. Not to mention a global pandemic. Now, the billionaire chief executive officer of Berkshire Hathaway Inc. has a chance to break his silence with the release of his annual… Source link
Read More »Medical school graduate sees nearly all of his $440,000 in student loans discharged
A medical graduate with more than $440,000 in student debt recently saw nearly 99% of his loans cancelled by a bankruptcy court in California, highlighting the growing trend of certain student loans being dischargeable. San Diego-based Seth Koeut was born to Cambodian refugees who came to the U.S. when he was a child and later pursued a medical degree in hopes of becoming a doctor. After he failed to obtain a residency role — a required part of the transition from medical school graduate to… Source link
Read More »Nokia Sees Revenue Drop in 2021 in Fight for Market Share – Yahoo Finance
TipRanks 2 “Strong Buy” Penny Stocks With Over 200% Upside on the Horizon Let’s talk about risk and the big picture. It’s an appropriate time, as the big risk – presented by the COVID-19 pandemic – is finally receding thanks to the ongoing vaccination program. COVID is leaving behind an economy that was forced into shutdown one year ago while in the midst of a great expansion, boosted by the deregulation policies. While the new Biden Administration is busy reversing many Trump… Source link
Read More »Google owner Alphabet sees record growth as ad spend soars – BBC News
[unable to retrieve full-text content] Google owner Alphabet sees record growth as ad spend soars BBC News Alphabet’s Google posts record sales as retailers shell out for ads Reuters In Its Race To Beat AWS And Azure, Google Cloud Lost $5.6 Billion In 2020 Forbes Google’s rebounding ad revenue spells big 4Q for Alphabet ABC News Google’s cloud business is losing money | | kctv5.com KCTV Kansas City View Full Coverage on Google News Source link
Read More »Goldman sees hedge fund exposures close to records, ongoing sell-off risk after GameStop swings
TipRanks 3 Monster Growth Stocks to Beat the Volatility Volatility is back on the menu. Last week brought January’s trading to a close in what amounted to the stock market’s worst month since October. The GameStop saga hogged the headlines as the retail buying frenzy for names with high short interest raised the possibility the market might be exhibiting bubble behavior. Add into the mix the slow rollout of Covid-19 vaccines and the fear of a delayed return to normalcy, and once again,… Source link
Read More »Bitcoin Price Sees Largest Daily Loss in 10 Months
TipRanks 2 “Strong Buy” Penny Stocks That Could See Outsized Gains Well, it’s official. Joe Biden is now President, and he’ll be backed – at least for the short term – by Democratic majorities in both Houses of Congress. Wall Street is taking the measure of the new Administration, and sees, among its first moves, a boost in fiscal stimulus that is likely to goose consumer spending, bump corporate profits, and provide general economic support in the first half of 2021. Covering the… Source link
Read More »Dogecoin Sees 125% Increase In Trading On Saturday Following Adult Film Star’s Tweet
Benzinga Benzinga’s Final Bulls And Bears Of The Year: Alibaba, Apple, Intel, Tesla And More * Benzinga has examined the prospects for many investor favorite stocks over the past week. * The week’s bullish calls included the iPhone maker and electric vehicle stocks. * A semiconductor maker and a Chinese internet giant were among the bearish calls.The final trading week of a tumultuous year offered little in the way of a Santa Claus rally, with the S&P 500 and Dow Jones industrial average up… Source link
Read More »Russia’s Citymobil sees rapid growth in delivery business amid pandemic
MOSCOW, Dec 30 (Reuters) – Russian ride-hailing app Citymobil expects rapid growth of its new express delivery service next year, boosted by the coronavirus pandemic, its chief operating officer Vitaly Bedarev told Reuters. Citymobil, part of a joint venture between internet group Mail.Ru and state-owned Sberbank, is the second-largest player on the Russian ride-hailing market, behind Yandex.Taxi. It launched the express delivery service in April to offset a slump in taxi rides due to… Source link
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