OklahomaMinerals.com

Snippets

• What else is brewing on Tuesday morning
  Charles Schwab will pay clients $187 million in a settlement with the SEC over hidden fees charged by its robo-advisor.
  
  Lightyear, Pixar’s Toy Story prequel spinoff, has been banned from UAE cinemas, likely due to a same-gender kiss that occurs in the movie.
  
  The temperature in Phoenix has not fallen below 80°F at night for the past week.
  
  Prologis, a major warehouse landlord, is acquiring rival Duke Realty in a $26 billion deal.
  
  The Scooby-Doo Mystery Machine van is now listed on Airbnb.
  
  
  Read More
• U.S. stocks open higher on Tuesday after Monday skid into bear-market territory
  U.S. stocks were up modestly Tuesday, bouncing after the previous session's rout sent the S&P 500...
  U.S. stocks were up modestly Tuesday, bouncing after the previous session's rout sent the S&P 500 into a bear market. Investors were looking ahead to the conclusion Wednesday of a two-day Federal Reserve meeting that is now seen potentially delivering a 75 basis point increase to the fed funds rate as policy makers attempt to get a grip on persistently hot inflation. The Dow Jones Industrial Average DJIA, 0.41% rose 43 points, or 0.1%, to 30,559, while the S&P 500 SPX, 0.47% was up 0.4% and the Nasdaq Composite COMP, 0.35% gained 0.7%.
  Read More
• Market News for Tuesday Morning
  Elon Musk plans to ...
  Elon Musk plans to directly address Twitter TWTR, -5.00% workers this week, the first time since the Tesla TSLA, -7.10% CEO launched his $44 billion takeover for the company.
  
  Coinbase COIN, -11.41% was set to extend a slide Tuesday after a J.P. Morgan analyst abandoned his bullish call in the wake of an “extreme decline” in cryptocurrency prices.
  
  Continental Resources stock CLR, -8.50% is surging after the oil and gas exploration group got a proposal to be taken private by Harold Hamm.
  
  Oracle stock ORCL, -4.60% is climbing after results showed a shift of the tech company’s business to the cloud was paying off.
  Read More
• The US will tumble into a recession as inflation soars, 70% of top economists say
  Almost 70% of economists expect the US to tumble into a ...
  Almost 70% of economists expect the US to tumble into a recession in 2023, according to a Financial Times survey, as the Federal Reserve attempts to bring down soaring inflation.
  
  Just under 40% of the 49 leading economists polled by the FT and the University of Chicago's Booth School of Business said the declaration of a recession would come in the first or second quarter of 2023, with a third saying it would come later in the year.
  
  The FT's poll comes just after data on Friday showed US inflation jumped to a 41-year high of 8.6% in May, defying expectations that it would stay at 8.3%.
  Read More
• Continental Resources jumps on $70/share offer from billionaire owner Hamm
  Continental Resources (NYSE:...
  Continental Resources (NYSE:CLR) rose 7% after billionaire Howard Hamm offered to buy the remainder of the shale driller he and his family don't already own for $70/share.
  
  The offer $70 offer represents a 9% premium over Continental's (CLR) closing price on Monday. The Hamm Family collectively owns 83% of the total outstanding shares of common stock.
  
  The CLR board said it will form a special committee of independent directors to consider the proposal, according to a statement.
  
  The proposed transaction would be structured as a tender offer for any and all shares of common stock followed by a merger without a vote of CLR holders, Hamm said in a letter to the CLR board.
  Read More

• Prev
• Next