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Posts published in “Finance”

Delta forecasts another profit after summer boom drives record revenue

A Delta Airlines Airbus A-350 aircraft, flight number DL40 bound for Los Angeles takes off from Kingsford Smith International Airport on July 26, 2021 in Sydney, Australia.James D. Morgan | Getty ImagesDelta Air Lines expects to post another profit in the last quarter of the year and said both leisure and business travel continue to…

Nikki Haley: OPEC wanted to ‘stick it to Biden’ after Saudi remarks, Iran deal efforts

Former U.S. Ambassador to the United Nations Nikki Haley said Sunday that President Biden should not have been surprised that ministers from Organization of the Petroleum Exporting Countries (OPEC+) decided to cut oil production – in fact, she implied it could have been done just to spite him.After OPEC+, which is led by Saudi Arabia,…

OPEC+ oil output cut shows widening rift between Biden and Saudi royals

WASHINGTON/LONDON, Oct 8 (Reuters) - The OPEC+ organization's decision this week to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden's White House and Saudi Arabia's royal family, once one of Washington's staunchest Middle East allies, according to interviews with about a dozen government officials and experts…

Stock futures inch lower ahead of September’s jobs report

Stock futures were flat on Friday morning as investors looked ahead to September's jobs report for further clues into the Federal Reserve's tightening campaign.Futures tied to the Dow Jones Industrial Average shed 12 points, or 0.04%, while S&P 500 futures dipped 0.09%. Futures tied to the Nasdaq 100 slipped 0.07%.Advanced Micro Devices' stock fell in…

Ukraine Latest: Putin Says Annex of Four Regions Is ‘Forever’

(Bloomberg) -- President Vladimir Putin on Friday said that Russia is annexing four occupied regions in Ukraine “forever” and repeated warnings that Moscow will use all available means to defend the territories.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMeta to…

S&P 500 falls to two-year low, bear market rally snuffed out

Sept 27 (Reuters) - The S&P 500 (.SPX) fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further stocks would have to fall before stabilizing.Stocks have been under pressure since late August after…

Dow jumps 200 points as Wall Street looks to break 3-week slump

Stocks close higher, snap three-week slumpAll three major averages closed higher Friday, notching gains in the holiday-shortened week and snapping a three-week slump. The Dow rose 2.8% on the week, while the S&P 500 and the Nasdaq gained 3.8% and 4.2%, respectively.The Dow Jones Industrial Average gained 377.19 points, or about 1.19% to 32,151.71. The…

Fed’s Jackson Hole Conference Is Underway: Here’s What to Expect

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Target’s earnings take a huge hit as retailer sells off unwanted inventory

FILE PHOTO: Shoppers exit a Target store during Black Friday sales in Brooklyn, New York, U.S., November 26, 2021. Brendan Mcdermid | ReutersTarget on Wednesday said its quarterly profit fell nearly 90% from a year ago, as the retailer followed through on its warning that steep markdowns on unwanted merchandise would weigh on its bottom line.The…