OklahomaMinerals.com

Snippets

• Stock Market Outlook for Tuesday
  US stock futures fall early Tuesday, as investors brace for a meeting between congressional...
  US stock futures fall early Tuesday, as investors brace for a meeting between congressional leaders and President Joe Biden over the debt ceiling. Check out the latest market moves.
  
  Earnings on deck: Home Depot, Ubisoft Entertainment, and more, all reporting.
  Read More
• Big firms are filing for bankruptcy left and right — and it's just the beginning
  On Monday, Vice Media — once valued at nearly $6 billion — ...
  On Monday, Vice Media — once valued at nearly $6 billion — filed for bankruptcy. But it wasn’t alone. In the space of just 48 hours, six other large companies threw in the towel, which by one measure marked the most active period for bankruptcies since 2008.
  
  Why are so many companies filing for bankruptcy? The reason is relatively simple: the Federal Reserve's interest-rate hikes, which were designed to rein in inflation, have laid bare the market's weak hands.
  
  A credit crunch is here, and it's spreading quickly, crippling companies with large, cumbersome debt loads — and data suggests the pain could just be getting underway.
  Read More
• U.S. retail sales rebound in April
  The numbers: Sales at U.S. retailers rebounded 0.4% in April largely because of strong...
  The numbers: Sales at U.S. retailers rebounded 0.4% in April largely because of strong demand for new autos and higher consumer spending online, offering a respite from a broad slowdown in consumer spending. Sales had been forecast to rise 0.8%, based on a Wall Street Journal poll of economists.
  
  Retail sales are a big part of consumer spending and offer clues about the strength of the economy. Before April’s increase, retail sales had fallen in four of the prior five months.
  
  Retail sales rose a somewhat stronger 0.6% in April if auto dealers and gas stations are excluded. Car and gasoline purchases exaggerate overall retail spending.
  
  Key details: Sales of new vehicles and auto parts, an up-and-down category, rose 0.4% last month.
  Read More
• Closing Oil & Gas Prices for Monday
  Crude oil prices turned things around in Monday’s trading, rising a...

  Crude oil prices turned things around in Monday’s trading, rising a dollar a barrel while energy stocks saw some major gains with the exception of ONEOK which plummeted 9% following word of its nearly $19 billion acquisition of Magellan Midstream.

  
  

  West Texas Intermediate crude rose $1.07 or 1.5% to close at $71.11 a barrel on the New York Mercantile Exchange.

  
  

  Global benchmark Brent crude gained $1.06 or 1.4% to finish at $75.23 a barrel on ICE Futures Europe.

  
  

  Natural gas rose 11 cents or 4.81% to close at $2.38 per thousand cubic feet.

  
  

  

  Read More
• Dow snaps 5-session skid as investors await next debt-ceiling talks
  U.S. stocks ended higher on Monday, with Dow industrials advancing for the first time in six...
  U.S. stocks ended higher on Monday, with Dow industrials advancing for the first time in six sessions, as investors monitored efforts to resolve a U.S. debt-ceiling standoff ahead of a potential default.
  
  The Dow Jones Industrial Average DJIA, +0.14% finished up 47.98 points, or 0.1%, at 33,348.60, after swinging between gains and losses, and snapped a five-session streak of losses.
  
  The S&P 500 SPX, +0.30% ended up 12.20 points, or 0.3%, at 4,136.28.
  
  The Nasdaq Composite COMP, 0.66% closed up by 80.47 points, or almost 0.7%, at 12,365.21.
  
  The S&P 500 fell 0.3% last week, while the Dow dropped 1.1%. The S&P 500’s decline was cushioned by mega-cap tech-related stocks, which also helped lift the Nasdaq Composite out of a bear market. The Nasdaq gained 0.4% last week.
  Read More

• Prev
• Next