The energy sector is off to a lower start, pressured by weakness in the underlying commodities and the...
The energy sector is off to a lower start, pressured by weakness in the underlying commodities and the major equity futures which are lower after the Dow and S&P 500 closed at a new 2023 high last Friday.
WTI and Brent crude oil futures are adding to last week’s losseson a stronger dollar, uncertainty over fuel demand, and concerns over whether OPEC+’s decision to reduce output will support oil prices. Since the announced cuts by OPEC+ are voluntary, investors are having doubts about whether or not producers would fully implement production cuts and how the cuts would be measured. The 10YR yield is higher this morning which is lending support to the U.S. dollar index. Geopolitical tensions in the Middle East are limiting losses within oil contracts as fighting resumes between Israel and Hamas. Last night, three commercial vessels came under attack by Yemen’s Houthi movement in the southern Red Sea.
Natural gas futures are down, and on track to extend four weeks of consecutive losses on above-normal temperatures.
🔔 Before the opening bell:US stock futures fall early Monday after the S&P 500 notched a new yearly high.
2024 is shaping up to be a great year for the economy — and the stock market.After three years of pain, America is finally seeing the job market holding up and inflation cooling. So, if this year was about the hard work of stabilizing the economy, then next year is about enjoying the fruits of that labor.
Crypto stocks have notched triple-digit rallies this year. AI names may have commanded the market’s attention lately, but another corner of the market is seeing impressive gains: stocks tied to digital assets. Coinbase, MicroStrategy, Riot Platforms, and Marathon Digital shares are up more than 250% in 2023. Meanwhile, bitcoin has climbed about 130% year-to-date.
Venezuelans went to the polls yesterday to decide ...
Venezuelans went to the polls yesterday to decide whether to annex Guyana's oil-rich region of Essequibo yesterday in a nonbinding referendum, the latest move in a nearly two-century territorial dispute. Results were still being tabulated as of late yesterday evening.
Great Britain purchased Guyana from the Dutch in the early 1800s and surveyed its western border deep into Venezuela, recently independent from Spain. Venezuela protested the boundary placement for decades, which added roughly 30,000 square miles to British Guyana (see history).
In 1899, Venezuela effectively lost an attempt to win back the territory in a European-arbitrated decision, and attempts by the international community to settle the issue since have floundered. ExxonMobil's 2015 discovery of major oil deposits in Essequibo has transformed Guyana into a major offshore oil producer.
The NBA’s in-season tournament will hold its semifinals on Thursday and the championship game on Saturday...
The NBA’s in-season tournament will hold its semifinals on Thursday and the championship game on Saturday in Las Vegas. Army will play Navy on Saturday afternoon in Foxboro, MA, marking the first time in its 124-year history that “America’s Game” will be played in New England. The MLS Cup will take place Saturday afternoon between Columbus and LAFC. And MLB’s winter meetings will start today in Nashville. The only question that matters: Where will free agent Shohei Ohtani end up?
The 2023 College Football Playoffwas unveiled yesterday, with No. 1 Michigan (13-0) taking on No. 4 Alabama (12-1) in the Rose Bowl on New Year's Day (5 pm ET, ESPN), followed by No. 2 Washington (13-0) facing off against No. 3 Texas (12-1) in the Sugar Bowl. All four teams won their respective conference championships over the weekend.
Notable nonplayoff matchups include FSU versus Georgia (Orange Bowl), Oregon versus undefeated upstart Liberty, and more. See the full schedule of matchups here.
Atmospheric river expected to drop month-worth of rain in Pacific Northwest over next...
Atmospheric river expected to drop month-worth of rain in Pacific Northwest over next few days; flood watches issued for portions of Washington state (More)
Air traffic controllers have been pushed to the brink due to a nationwide shortage, the NYT reports.
Hisham Awartani, one of three Palestinian American students who was shot in a suspected hate crime in Vermont last week, is paralyzed from the chest down, his mother said.
The Israel–Hamas war has been the deadliest conflict for journalists in 30 years, according to the Committee to Protect Journalists.
A movie about expelled Rep. George Santos is in the works at HBO Films.
Queen Latifah, Billy Crystal, and Dionne Warwick were among the entertainers honored by the Kennedy Center at its annual gala last night.
