Ukraine Continues to Attack Russian Refineries, Impacting Global Oil Supply Amid Escalating Tensions
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#2cc3db6d ver:0.18
Greek-owned oil tankers headed to Russia have decreased by 25% this month, following a 60% decline since mid-2023. The decrease in shipping activity comes after the US Treasury sent letters to Greek ship owners inquiring about their compliance with the G7's $60 per barrel price cap on Russian oil. The US is cracking down on efforts to bypass the price cap, and some vessels have already faced sanctions. Western shipping companies, including those from Greece, are now being more cautious as the US is expected to further restrict Russia's oil revenue. This reduction in Greek oil tankers shipping to Russia could have significant implications for both Russia's oil trade and the Greek shipping industry, which is the world's largest. India has also refused to allow a sanctioned vessel to dock, si...
#newstr #Ukraine #Russia #OilRefineries #GlobalOilSupply #DroneAttacks #Sanctions #OilMarket #CleanProducts #RefiningCapacity #CrudeProduction #OilDemand #RedSea #UsGasPrices #GeopoliticalConcerns
Dollar Falls on Weak US Economic Reports, Fed Keeps Rates Unchanged
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#b3a188f7 ver:0.63
The US dollar index has extended its gains for the second consecutive week, currently trading around 104.385. The Federal Reserve has decided to keep interest rates unchanged, aligning with market expectations of three rate cuts this year. However, the Swiss National Bank surprised the markets with a 25 basis points rate cut. Meanwhile, the Bank of England has held rates steady but hinted at the possibility of future rate cuts. In the US, unemployment benefits have declined by 2,000 to 21,000, indicating a healthy labor market. Manufacturing activity in Philadelphia has slipped to 3.2, while flash manufacturing data came in above expectations. However, services PMI declined to 51.7. The probability of a 25 basis points rate cut in June has increased to 67.2%. US 10-year yields have decline...
#newstr #UsDollar #FederalReserve #InterestRates #SwissNationalBank #BankOfEngland #UnemploymentBenefits #ManufacturingActivity #GermanData #CanadianDollar #UsEconomy
Visa Waiver Program Enables Burglars from South America to Target American Neighborhoods
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#291b62a2 ver:0.11
Security forces in an undisclosed country have arrested 44 people as part of inter-agency operations aimed at facilitating safe and orderly escapes. The operations took place at strategic locations such as highways, public transport terminals, and border areas. The arrests were made as part of efforts to guarantee safe and orderly migration in the country, protect the rights of foreigners, and promote a humanitarian approach. The Interior Ministry reported that a total of 13,756 Venezuelans, 1,382 Ecuadorians, 1,309 Haitians, 836 Hondurans, and 743 Colombians have been found in the country from January 1 to October 17. The report also mentioned the presence of nationals from other countries, including China, India, Cuba, Brazil, Peru, Chile, El Salvador, Pakistan, the Dominican Republic, G...
#newstr #VisaWaiverProgram #Burglary #Crime #Chile #SouthAmerica #OrganizedCrime #Robbery #Vulnerabilities #Informationsharing #ForeignGangs #Terrorism #Tourism #Business
Shell to Close Hundreds of Gas Stations as Part of Energy Transition Strategy
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#c768db4a ver:0.1
Japanese refiners ENEOS and Idemitsu Kosan have closed or plan to close refineries in response to declining petroleum consumption in Japan. The closures represent 7% of the country's refinery capacity and are driven by factors such as an aging and shrinking population, slow economic growth, and increased petroleum export competition in Asia. Japan's petroleum consumption is projected to decline to its lowest level since 1980 by 2024. The country's refineries struggle to compete in international markets due to their smaller size and lower complexity compared to newer refineries in Asia. Japan's declining refinery runs have also led to reduced crude oil imports, with the country relying heavily on imports from the Middle East.
Japan is experiencing a decline in petroleum consumption, leadin...
#newstr #GasStations #Michigan #Shell #ElectricVehicles #Evs
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/63f178c7-370e-4862-ecb8-25c0945e9b00/screenshot
California Judge Rules Against Elon Musk in Lawsuit Against Center for Countering Digital Hate
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#5d652d48 ver:0.06
Elon Musk's legal battles continue as a California judge has ruled against him in his lawsuit against the Center for Countering Digital Hate (CCDH). The CCDH is a nonprofit organization that focuses on studying misinformation and hate speech. Musk had accused the CCDH of conducting a scare campaign to drive away advertisers from X (formerly Twitter) after he took over in 2022. However, the judge ruled that Musk's lawsuit was an attempt to punish the CCDH for criticizing X Corp and to dissuade others from engaging in such criticism. The decline in advertisers and the significant drop in X's value since Musk took over have been attributed to his allowance of hate speech on the platform and his own controversial statements .
This ruling adds to the legal challenges faced by Musk and highligh...
#newstr #ElonMusk #Lawsuit #CenterForCounteringDigitalHate
Global Stock Markets React to US Data and Currency Pressures
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#5e43e797 ver:0.08
Global stock markets mostly retreated as geopolitical tensions and inflation concerns weighed. European stocks mostly drifted lower as traders assess the outlook for interest rates and inflation. Danske Bank Research expects three interest-rate cuts from the European Central Bank this year, but recent data suggests a growing possibility of fewer cuts. Entain shares have fallen 20% year-to-date, and the absence of a permanent CEO creates a muted sentiment. Stock futures edged lower, while Treasury yields were roughly flat. The dollar rose and could stay high for now, but the prospects of forthcoming Fed rate cuts should cause the currency to fall in the second quarter. UBS Global Wealth Management said major currencies could continue to stick within recent ranges as central banks look set t...
#newstr #WallStreet #UsData #Dollar #Yen #Yuan #Inflation #Boeing #PceData #Stoxx600 #Msci #Asiapacific #Nikkei #Bitcoin #TreasuryYields #OilPrices #Gold
Ollie's Bargain Outlet and Lifetime Brands Receive Price Target Increases on Strong Performances
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#669faf40 ver:0.33
Ollie's Bargain Outlet, a leading discount retailer, has received a price target increase from Craig-Hallum following its strong performance in the fourth quarter of fiscal year 2023. The company reported better-than-expected same-store sales and beat earnings per share estimates. As a result, Craig-Hallum has maintained its Buy rating on Ollie's and raised its price target to $100 from $98 .
Ollie's Bargain Outlet's guidance for fiscal year 2024 indicates a return to its long-term growth pattern, with a projected 1% to 2% increase in comparable store sales. The company plans to open 50 new stores and has increased its long-term store target to 1,300 locations. Craig-Hallum believes that Ollie's remains a leading growth narrative within the retail sector .
Lifetime Brands, a provider of ...
#newstr #Ollie'sBargainOutlet #LifetimeBrands #RetailSector #Kitchenware #HomeSolutions #PriceTargetIncrease #Earnings #InternationalSales #DollyParton #DollarGeneral
Japan's '2024 Problem' and the Global Impact of Population Shift on Trucking Industry
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#7e7cd86d ver:0.08
In Japan, the country's shrinking and ageing population is presenting significant challenges. The government has implemented new curbs that will limit truck drivers' annual overtime to 960 hours starting on April 1, 2024. This move is aimed at improving working conditions in the logistics industry and making the job more appealing. Japan's foreign worker population exceeded 2 million for the first time in 2023, as the country is loosening barriers to foreigners to sustain its economy. The restrictions on truck drivers' overtime highlight the major test the logistics industry is facing, with implications for the world's third-largest economy.
Meanwhile, in the United States, a population shift is expected to drive a tidal wave in the trucking industry. According to demographer Ken Gronbach...
#newstr #Japan #UnitedStates #TruckingIndustry #PopulationShift #Logistics #Economy
Scotiabank Maintains $400 Target on CrowdStrike Shares on S&P 500 Index Inclusion
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#f59c503e ver:0.05
Stock futures fell on Monday as investors awaited comments from Federal Reserve speakers for clues on the U.S. economy and interest rates. Despite a strong month for the Dow Jones Industrial Average, S&P 500, and Nasdaq, e-commerce company Alibaba's shares jumped 14% after reporting strong Q3 earnings. On the other hand, cybersecurity firm CrowdStrike's shares fell 5% despite beating earnings estimates. Danish drug maker Novo Nordisk's shares also fell about 2% after a data analysis suggested a competitor's drug led to greater weight loss. The October effect, a theory that stocks decline in October, lacks supporting data.
Investing.com suggests that CrowdStrike is a stock to buy this week, as the information security specialist is expected to deliver strong earnings and guidance due to f...
#newstr #StockFutures #FederalReserve #Alibaba #Crowdstrike #NovoNordisk #Nio #S&p500Index #Cybersecurity #Scotiabank
'Priced for Perfection': US Stocks See Rally Stall as Investors Take Cautious Stance on Inflation and Earnings Expectations
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#ad621e9e ver:0.39
Stock futures remained largely unchanged as investors and Wall Street prepared for Federal Reserve Chair Jerome Powell's second round of testimony on Capitol Hill. Powell hinted at the central bank's readiness to adjust, but emphasized that the Fed is not yet prepared to initiate rate cuts. Investors are parsing through Powell's words for clues on the Federal Reserve's next moves. Key economic indicators and corporate earnings reports, including jobless claims data, trade balance figures, and consumer credit reports, are also on the horizon. The culmination of Powell's testimony, along with economic data and corporate earnings, is a critical week for investors and the broader economy. Market participants are keenly awaiting any hints of rate cuts, which could have implications for borrowin...
#newstr #Stocks #Market #Rally #Technology #Earnings #Valuations #Megacaps #InterestRates #Inflation #Fed #RateCuts #PricePressures #JeromePowell
Navigating China’s Economy: 10 Best China ETFs Amidst Slower Growth Predictions and Investment Insights
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#a8411540 ver:0.08
The ETF industry is advising caution to investors when adjusting portfolios in what could be a bumpy year. Observers are highlighting potential global uncertainties, including global elections, regional conflicts, and high U.S. equity prices . Andrew Prosser, head of investments at InvestEngine, suggests reducing exposure to large-cap companies like Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla, considering the market's difficulty to beat . However, Nutmeg Saving and Investment is comfortable with prevailing price levels and forecasts a soft landing for the U.S. economy . Brian Kraus, senior vice-president of systematic ETFs at Hartford Funds Management Group, advises investors to focus on the gap between U.S. and non-U.S. valuations . Despite uncertainties such as ...
#newstr #EtfIndustry #PortfolioAdjustment #GlobalUncertainties #China'sEconomy #ChinaEtfs #Us10/2sCurve #EuropeanFinancials #Gold #China'sMarket #VaneckVectorsFtseChinaA50Etf
Indian Rupee Recovers Slightly After Hitting Record Low Against US Dollar
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#19e6c8d0 ver:0.53
The Indian rupee, which hit a record low against the US dollar on Friday, has shown signs of recovery. The USD/INR exchange rate is falling after gains last week, settling on Friday at 83.58 . Despite concerns about India's inflation and economic growth due to rising oil prices caused by escalating disputes in the Red Sea, the rupee is rising against the dollar . The US dollar, however, is rising against major peers, with the US Dollar Index trading at +0.24% at the time of writing at 104.89 . The Federal Reserve has left rates on hold at a 22-year high of 5.25% to 5.5% but maintained guidance that it would cut interest rates three times this year . Attention will be on Friday's core PCE data, which is the first preferred rate for inflation and could provide further clues about whether inf...
#newstr #IndianRupee #Usd/inr #UsDollar #Inflation #OilPrices #RedSea #FederalReserve
Geopolitical Tensions Impact Oil Prices and Equities
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#5ff93c9a ver:0.8
Crude oil prices rose in early Asian trading on Monday as escalating conflicts in the Middle East and between Russia and Ukraine heightened concerns over tighter global supply. Both Brent crude futures and U.S. crude futures saw minimal changes last week, reflecting the market's uncertainty. The rising geopolitical tension, attacks on energy facilities in Russia and Ukraine, and fading hopes for a ceasefire in the Middle East have all contributed to worries about global oil supply. Additionally, the falling U.S. rig count has increased concerns about tighter supply. Russia recently launched a significant attack on Ukraine's western region of Lviv, while Israeli forces besieged two more hospitals in Gaza. These events have further intensified the conflicts in the respective regions. Meanwhi...
#newstr #GeopoliticalTensions #OilPrices #Equities #Ukraine #Russia #IslamicStateGroup #Moscow #WallStreet #EuropeanShares #FederalReserve
Gov. Evers, U.S. Sen. Baldwin Encourage Northern Wisconsin Businesses Affected by Lack of Winter Snow to Apply for Assistance
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#e90eb2a4 ver:0.07
Storms have caused significant destruction in Rock County, Wisconsin, with homes being destroyed . A video shows the aftermath of the storm, revealing the extent of the damage to houses in the area. The specific date of the storm and further details about the damage are not provided in the video . The severe nature of the storm highlights the need for preparedness and safety measures in the face of extreme weather events. The impact on the affected residents and the community as a whole is significant, as they now face the challenge of rebuilding and recovering from the destruction caused by the storm.
Wisconsin businesses impacted by the unseasonably warm and dry winter may be eligible for federal aid through the U.S. Small Businesses Administration's disaster loan program . Businesses i...
#newstr #Wisconsin #RockCounty #StormDamage #HomeDestruction #FederalDisasterRelief #UnseasonablyWarmWinter #DroughtDeclaration #UsSmallBusinessAdministration #DisasterLoanProgram #EconomicLosses #LackOfWinterSnow #FederalAid #EconomicInjuryDisasterLoans #ApplicationDeadlines #WisconsinEconomicDevelopmentCorporation
Stock market today: Stocks dip, Boeing rises as CEO set to depart
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#124f9b71 ver:0.58
Wall Street posted small gains in early trading on Friday as markets tried to close out another up-and-down week on the positive side. Futures for the S&P 500 and the Dow Jones Industrial Average each rose less than 0.2% before the bell. Markets have bounced around between small gains and losses this week on a series of mixed economic data. One report showed inflation was a touch hotter at the wholesale level last month than economists expected. Other reports released Thursday also showed some softening in the economy, which kept alive hopes that the long-term trend for inflation remains downward and that the Fed will cut rates three times this year, starting in June. In off-hours equity trading, software maker Adobe tumbled 11.2% after it gave tepid guidance even though it beat Wall Stree...
#newstr #StockMarket #CeoDeparture #China #TechStocks
Iraqi Central Bank Reports Increase in Regulated Dollar Transactions
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#178231ef ver:0.1
As the year 2023 draws to a close, the forex market is set to be influenced by various factors. One of the key factors is the policies of central banks, which have a significant impact on currency values. The decisions made by central banks, such as the Federal Reserve in the United States, can affect the strength or weakness of the US dollar. Additionally, geopolitical tensions in the Middle East are also expected to play a role in shaping the forex market. Conflicts and uncertainties in the region can lead to fluctuations in currency values. Another important factor to consider is the diverging economic growth trajectories of different countries. For example, the US and the UK may have contrasting economic performances, which can impact their respective currencies. Traders and investors ...
#newstr #Iraq #CentralBank #DollarTransactions #SwiftSystem #BlackMarket #Sanctions #Iran
LightInTheBox Reports Mixed Results for Q4 and FY 2023
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#05ef1dff ver:0.17
Walmart reported strong Q4 results with earnings of $5.49 billion, or $2.03 per share, compared to $6.27 billion, or $2.32 per share, in the previous year. Sales rose 5.7% to $173.38 billion. The number of transactions at Walmart rose 4.3%, but the average ticket price slightly decreased by 0.3%, indicating that shoppers spent slightly less on shopping trips. Walmart's online U.S. sales increased by 17% and its online global sales jumped by 23%, surpassing $100 billion. Walmart's e-commerce business losses were slowing as the company spent less on fulfillment costs. The retailer confirmed the acquisition of smart TV maker Vizio for $2.3 billion to boost its advertising business. Walmart expects earnings per share to be in the range of $1.48 to $1.56 for the first quarter and earnings for t...
#newstr #Walmart #Ebay #Lightinthebox #HolidaySales #Revenue #Ebitda #Q42023 #Fy2023 #FirstQuarter2024
China's Ban on American Chips Impacts Apple's iPhone Sales
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#ecd59be8 ver:0.33
China's Ministry of Industry and Information Technology has directed domestic electric-vehicle manufacturers to increase spending with local chipmakers, at the expense of US ones, in an effort to revive a nationalist spirit and reduce reliance on the US. This move has already impacted Apple's iPhone sales in China, which were down 24% in the first six weeks of 2024 due to the growing popularity of Huawei. The directive also affects US chipmakers, such as Nvidia, which reported $10.3 billion in revenue from China for its latest fiscal year. The US has retaliated with tough export controls, which have harmed both Chinese companies and US chip giants like Nvidia. Additionally, the US House voted in favor of a bill threatening to ban TikTok unless it is divested from its Chinese parent company...
#newstr #China #Iphone #Apple #Huawei
US Economy Continues to Dominate Global Markets, GDP Expected to Grow in Q1-2024
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#4b09d291 ver:0.04
The U.S. economy continues to dominate global markets, with key economic indicators showing positive trends. The GDP is expected to grow by 2% in Q1-2024, adding over $1 trillion in nominal economic activity .
Despite the overall strength of the U.S. economy, there have been some minor declines in specific sectors. The housing market saw a slight decline in new home sales in February, which can be attributed to high mortgage interest rates. However, the manufacturing sector is still performing well, as indicated by the Dallas Fed factory survey. Additionally, the U.S. Chicago Fed's National Activity Index expanded in February, indicating overall economic expansion .
In the bond market, U.S. Treasury yields remain steady despite increased issuance. This stability in yields is noteworthy g...
#newstr #UsEconomy #GdpGrowth #HousingMarket #ManufacturingSector #BondMarket #China #Taiwan #CocoaPrices #Ust10yearYield #GoldPrices