Oil prices have fallen to roughly $80 a barrel from over $120 in early June amid growing fears about the prospect of a global economic recession. Story Published at: October 05, 2022 at 03:48PM
OPEC+ to cut oil production by 2 million barrels per day to shore up prices, defying U.S. pressure
Apple reportedly in talks to make AirPods and Beats headphones in India
Apple has asked suppliers to begin making some of its AirPods and Beats headphones in India as early as next year, according to a Nikkei Asia report Wednesday. Story Published at: October 05, 2022 at 02:14PM
Shares of Cyberpunk publisher surge after announcing a slew of new games
In a strategy update Tuesday, CD Projekt revealed a slew of new titles currently in development, including a sequel to Cyberpunk 2077 codenamed “Orion.”Story Published at: October 05, 2022 at 02:08PM
UK’s Liz Truss pledges tax-cutting future in landmark speech plagued by protest and political infighting
British Prime Minister Liz Truss on Wednesday that cutting taxes was “the right thing to do morally and economically,” doubling down on a series of debt-funded economic reforms that have sparked in-party fighting and market turmoil. Story Published at: October 05, 2022 at 11:41AM
Time for U.S. to reevaluate Saudi relationship, Sen. Chris Murphy says ahead of OPEC output cut
OPEC+’s plans to cut oil production is a “mistake” and there needs to be a re-evaluation of the alliance between the Saudis and the U.S. said a U.S. Senator.Story Published at: October 05, 2022 at 10:28AM
German minister criticizes U.S. over ‘astronomical’ natural gas prices
Germany’s economy minister has accused the U.S. and other “friendly” gas supplier states of astronomical prices for their gas suppliesStory Published at: October 05, 2022 at 09:43AM
TSMC shares jump 5% after Morgan Stanley says the chipmaker is a ‘top pick’
“We anticipate a semiconductor cycle recovery in 2H23 and suggest bargain-hunting in quality stocks right now. TSMC is our top pick,” the investment bank wrote.Story Published at: October 05, 2022 at 06:46AM
UK selects site for prototype fusion energy plant, says it will replace coal-fired facility
Energy secretary Jacob Rees-Mogg says facility will be “a beacon of bountiful green energy.”Story Published at: October 05, 2022 at 06:06AM
Job openings plunged by more than 1.1 million in August
Available positions totaled 10.05 million for the month, a 10% drop from the 11.17 million reported in July.Story Published at: October 04, 2022 at 05:01PM
Charts suggest the market will bottom in the coming weeks followed by a ‘powerful’ rally, Jim Cramer says
Stocks gained on Tuesday following the release of the job openings report, continuing the rally from the prior trading session.Story Published at: October 04, 2022 at 11:54PM
