Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP, +2.00% for Thursday. The S&P 500 SPX, +1.05% is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of … Read more
Text size Meta Platforms, the parent company of Facebook, announced a new buyback plan of $40 billion. Justin Sullivan/Getty Images Stock futures were mostly higher Thursday, adding to the previous session’s gains after the Federal Reserve boosted interest rates by a quarter of a percentage point and Fed Chairman Jerome Powell said the central bank’s … Read more
The $1.2 billion Deepwater Titan sat idle in a Singaporean shipyard for five years, looking like an abandoned cruise ship with a derrick attached to its deck. Soon this vessel that spans nearly three football fields will depart for the deepest waters of the Gulf of Mexico, where its crew will be able to drill … Read more
Oil futures ticked slightly lower Friday, on track for big losses in a holiday-shortened week as investors fretted over China’s COVID wave and uncertainty over the global economic outlook as central banks continue to tighten monetary policy. Natural-gas futures continued their slide, meanwhile, after ending at a one-year low in Thursday’s session. Price action West … Read more
Natural-Gas Prices Plunge as Unseasonably Warm Weather Is ForecastThe Wall Street Journal Natural gas prices ‘sporadic and may begin topping’Fox Business Natural Gas Prices in Europe Fall to Pre-Invasion LevelsThe New York Times Europe’s natural gas falls to pre-Ukraine war pricesAxios Europe Gas Slumps to Lowest Since 2021 As Mild Weather Cuts UseBloomberg View Full … Read more
Harris Kupperman, the president of Praetorian Capital, made a couple of interesting calls heading into 2022. He predicted that stocks of the giant tech-oriented companies that led the bull market would be sold off, and that oil prices would continue to rise through the end of 2022. The first prediction came true, while the second … Read more
MOSCOW—Moscow threatened to cut oil output in response to Western price caps, setting the stage for an escalation of the energy war that has run parallel to the conflict in Ukraine. Speaking on state television on Friday, Russian Deputy Prime Minister Alexander Novak detailed for the first time Moscow’s possible response to the Western price … Read more
China’s Xi Jinping Meets Saudi Crown Prince in Pivotal VisitThe Wall Street Journal Gravity | Xi arrives in Saudi Arabia: Does the visit mark a failure of American oil diplomacy?WION Chinese President Xi Jinping lands in Saudi Arabia amid tensions with the USCNN China-Arab summit: What’s on the table? Perhaps the future of the GulfMiddle … Read more
Markets Commodities Gas Markets Mild weather and outage at LNG export facility pressure prices for the heating fuel
World Group led by Saudi Arabia and Russia also faces slowing demand in China