Tag Archives: Surge

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, June 9, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. ExxonMobil (XOM) surged to its first new high in eight years on Wednesday. Unfortunately, the Dow Jones Industrial Average (^DJI) isn’t benefiting from the oil major’s 70% gain this year. And neither are… Source link

Another week, another record high for gas prices. And there seems to be no immediate relief in sight. The average price for regular unleaded gas surged by a quarter in the past week to a record $4.86 on Monday, AAA said. That’s up 59 cents more than a month ago, and $1.81 more than a year ago. “After a blistering week of gas prices jumping in nearly every town, city, state and area possible, more bad news is on the horizon,” said Patrick De Haan, head of petroleum analysis at GasBuddy…. Source link

Wendy’s (WEN) is continuing its stock surge as investors mull a possible takeover deal. On Wednesday, the fast food giant jumped in pre-market trading, climbing as much as 15%, after its largest shareholder Trian Fund Management announced that it will be exploring a potential acquisition. The company continued to soar after the bell, gaining 8.1% at the open — its biggest gain since June 8. Shares remained in the green throughout the morning session, up about 10% in early afternoon trading. Source link

Investors are facing a confusing environment, with long- and short-term signals sending different messages. Inflation remains stubbornly high, above an 8% annualized rate, and the Federal Reserve has made it clear that additional interest rate hikes are in the offing. Stocks are well off their highs, and despite last Friday’s gains, the S&P 500 and the Nasdaq posted their sixth consecutive weekly loss. But there are positives, too. The 1Q22 earnings season gave an upbeat vibe, as more than… Source link

Last month, amid the latest surge of migrants crossing the southern border, U.S. officials in the Border Patrol’s Del Rio sector in Texas contacted officials in the Mexican government to request their assistance to defer migrant traffic away from the sector’s overwhelmed ports of entry. According to a government document obtained by Yahoo News, Mexican officials agreed to help and enlisted the state police in the Mexican state of Coahuila, which borders Texas, to activate “tactical… Source link

United Parcel Service Inc. is set Tuesday to announce an expansion of its 2019 deal with Alphabet Inc.’s Google Cloud as the logistics company rolls out new data initiatives. As part of the expansion, UPS will receive increased network, storage and compute capacity. It will continue using Google’s artificial-intelligence and machine-learning tools to analyze its incoming data, which is… Source link

United Parcel Service Inc. is set Tuesday to announce an expansion of its 2019 deal with Alphabet Inc.’s Google Cloud as the logistics company rolls out new data initiatives. As part of the expansion, UPS will receive increased network, storage and compute capacity. It will continue using Google’s artificial-intelligence and machine-learning tools to analyze its incoming data, which is… Source link

United Parcel Service Inc. is set Tuesday to announce an expansion of its 2019 deal with Alphabet Inc.’s Google Cloud as the logistics company rolls out new data initiatives. As part of the expansion, UPS will receive increased network, storage and compute capacity. It will continue using Google’s artificial-intelligence and machine-learning tools to analyze its incoming data, which is… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 8, 2022 When an oil crunch turns foes into frenemies Since Vladimir Putin attacked Ukraine for the sin of refusing to exist as a Russian satrapy, fiery crude prices are stoking fears of a 1970’s style oil shock, and sending a chill down the market’s spine. The U.S. government is weighing slapping embargoes on Russia’s crude —… Source link

Sanctions on Russia will likely have a significant impact on the global economy, a recent ING (ING) report found. “By now, we all know that Europe gets nearly 40% of its natural gas and 25% of its oil from Russia (this differs across countries), and is likely to be walloped with spikes in heating and gas bills, which are already soaring,” ING Global Head of Macro Carsten Brzeski wrote in a report released earlier this week. “Given that Ukraine and Russia have also been labelled as the global… Source link