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Search resuls for: "David Uberti"


25 mentions found


☆ Broad Losses Pull Stock Indexes Lower
  + stars: | 2024-01-17 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
Boeing shares slid on potential delays in the resumption of jet deliveries to China. Photo: Scott Brauer/Zuma PressStocks opened the week lower, hinting at why some investors believe the “everything rally” of late 2023 will be hard-pressed to continue. All three major indexes are in the red for 2024 after Tuesday’s session. The S&P 500 slipped 0.4%, while the tech-heavy Nasdaq Composite dropped 0.2%. The Dow Jones Industrial Average fell 0.6%, or 232 points.
Persons: Scott Brauer, Press Stocks Organizations: Boeing, Press, Nasdaq, Dow Jones Locations: China
☆ Wall Street Shrugs Off Latest OPEC+ Oil Cuts
  + stars: | 2023-12-01 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
Crude prices seesawed after the OPEC+ announcement. Photo: Andrey Rudakov/Bloomberg NewsMembers of the oil-producers group known as OPEC+ have tried to push crude prices upward with unexpected supply cuts since last year. Wall Street isn’t yet convinced that will pan out. On Thursday, a million barrel-a-day pullback surprised a market that had largely anticipated that the cartel and its allies would hold output steady. Crude prices seesawed after the announcement, suggesting many traders were unsure if it was the surprise they wanted.
Persons: Andrey Rudakov Organizations: Bloomberg Locations: OPEC
☆ How the U.S. Market Went Sideways for a Wind-Power Giant
  + stars: | 2023-11-20 | by ( David Uberti | Joe Wallace | ) www.wsj.com   time to read: 1 min
The poster child for the wind-power revolution was supposed to help build America’s clean-energy future. Its messy pullback from the Northeast is threatening those aspirations. Denmark’s national oil-and-gas company, now known as Ørsted , bet big on renewables a decade ago. It renounced fossil fuels, renamed itself after a 19th-century physicist and embarked on a debt-fueled expansion, becoming the biggest offshore-wind developer outside China. Surfing investor enthusiasm for all things green, Ørsted surpassed BP in market value early in the pandemic.
Persons: Ørsted Organizations: BP Locations: China
☆ Can Lower Gas Prices Last?
  + stars: | 2023-11-13 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
The slide in oil prices has weighed down the shares of oil producers and major refiners, including Chevron. Photo: mike blake/ReutersA selloff that dragged crude prices near their lowest levels in four months has left many oil drillers, energy traders and fuel producers with the same question: What will OPEC do? Benchmark U.S. crude has posted three weekly losses in a row, tumbling as much as 20% below its September high, before stabilizing Friday at $77.17 a barrel. Still, the market is flashing signals that suggest some traders are betting the declines will continue.
Persons: blake Organizations: Chevron ., Reuters, drillers
☆ Hack at ICBC Targeted the Digital Underbelly of Financial Markets
  + stars: | 2023-11-10 | by ( Eric Wallerstein | Rebecca Feng | David Uberti | ) www.wsj.com   time to read: 1 min
ICBC had $5.7 trillion of assets at the end of last year, making it the largest bank in the world. Photo: Cfoto/Zuma PressThere is a new reason to worry about the hardiness of the market for U.S. government debt: hackers. Cybercriminals held hostage this week a New York unit of the world’s largest bank, Industrial and Commercial Bank of China , disrupting trading in U.S. Treasurys. The impact was relatively minor, market participants said, but the fear wasn’t.
Persons: ICBC, Cybercriminals Organizations: Zuma, U.S, Industrial, Commercial Bank of China Locations: York
☆ America’s Offshore Wind Ambitions Are Coming With Bigger Price Tags
  + stars: | 2023-10-31 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
The green-energy transition ready for takeoff in the U.S. is facing a serious obstacle: the permitting process. Photo illustration: Getty Images/Amber BragdonSoaring costs are pushing up the price of big wind-power projects, challenging the country’s shift to renewable energy and potentially leading to larger-than-expected bills for residents. New York state officials in recent days unveiled a slate of wind-farm proposals that would result in higher electricity rates for residents than previously approved plans. That has firms behind older bids rushing to see if they can resubmit their plans at or near the new rate.
Persons: Amber Bragdon Locations: U.S, New York
☆ Stocks Gain After Major Companies Beat Wall Street Expectations
  + stars: | 2023-10-25 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
3M shares rose 5.3% Tuesday after the company boosted its earnings projections. Photo: Gabby Jones/Bloomberg NewsMakers of everything from Post-it Notes to jet engines to business software clued in Wall Street Tuesday on their 2023 outlooks. The three major stock indexes opened in the green and didn’t look back. The Dow Jones Industrial Average edged higher 0.6%, or 205 points. The S&P 500 climbed 0.7% while the tech-heavy Nasdaq Composite rose 0.9%.
Persons: Gabby Jones Organizations: Bloomberg, Dow Jones Locations: Wall
☆ Stocks Tick Down After Treasury Yield Hits 5%
  + stars: | 2023-10-24 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
Investors have been waiting for the right moment to jump back in the frigid bond market. On Monday, some of them took the plunge. A monthslong bond selloff helped push the 10-year U.S. Treasury yield above 5% on Monday morning for the first time since 2007. Some investors saw the milestone as a buying opportunity, quickly pushing yields back to 4.836%. Yields rise as prices fall.
Organizations: Treasury
☆ Heating Your Home Should Cost Less This Winter—Unless You Live in These States
  + stars: | 2023-10-20 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
Nearly 4,000 Connecticut households last fall turned to Operation Fuel for help staying warm after the Russian invasion of Ukraine sent energy prices skyrocketing. This year, the nonprofit cut off applications early after aiding roughly the same number of people in about half the time. “It has outstripped our expectations,” said Roxanna Booth, spokeswoman for the donor-backed group.
Persons: ”, Roxanna Booth Organizations: Fuel Locations: Connecticut, Ukraine
☆ Gas Prices Fueled Summer Inflation. That Is About to Change.
  + stars: | 2023-10-14 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/gas-prices-fueled-summer-inflation-that-is-about-to-change-f5648db2
Persons: Dow Jones
☆ Anna Hirtenstein — Reporter at The Wall Street Journal
  + stars: | 2023-09-28 | by ( Anna Hirtenstein | Joe Wallace | Costas Paris | ) www.wsj.com   time to read: 1 min
Anna HirtensteinAnna Hirtenstein is a reporter at The Wall Street Journal, covering global financial markets, macroeconomics and geopolitics from the London bureau. She joined the Journal in 2019. Previously, she was a reporter at Bloomberg in London and a clean-energy investment banker at Greentech Capital Advisors in Zurich. In the early days of her career, she worked as a correspondent with a focus on oil in Northern Iraq and West Africa.
Persons: Anna Hirtenstein Anna Hirtenstein Organizations: Wall Street, Bloomberg, Greentech Capital Locations: London, Zurich, Northern Iraq, West Africa
☆ Wall Street Is Hoping $100 Oil Ain’t What It Used to Be
  + stars: | 2023-09-25 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/wall-street-is-hoping-100-oil-aint-what-it-used-to-be-55a1f54a
Persons: Dow Jones
☆ The Fed’s Next Challenge: $100 Oil
  + stars: | 2023-09-19 | by ( Joe Wallace | David Uberti | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/commodities-futures/the-feds-next-challenge-100-oil-4388e3fc
Persons: Dow Jones
☆ Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured
  + stars: | 2023-09-11 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
A decline in stocks accelerated after Fed Chairman Jerome Powell said that it was too early to declare victory against price pressures. Photo: Chip Somodevilla/Getty ImagesThe S&P 500’s shot at its longest winning streak since 2004 appeared within grasp for much of Thursday’s trading session. Then Federal Reserve Chair Jerome Powell and the Treasury market crashed the party. Major indexes fluttered between small gains and losses in quiet trading through the early afternoon. They turned firmly into the red after an auction of government debt showed lower-than-expected demand and propelled Treasury yields higher.
Persons: Jerome Powell, Chip Somodevilla Organizations: Treasury
☆ David Uberti — Reporter at The Wall Street Journal
  + stars: | 2023-09-10 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
David UbertiDavid Uberti is a reporter in New York covering oil and other commodity markets for The Wall Street Journal. His stories aim to unpack how financial markets, geopolitics and energy interact, shaping the economy and daily life. Dave joined the Journal in 2020 to cover cybersecurity, chronicling major cyberattacks, digital money laundering and U.S. efforts to combat the ransomware boom. Previously, he reported on political media and the news business for Vice News, Gizmodo Media and the Columbia Journalism Review. He is a graduate of Northwestern University and Columbia University.
Persons: David Uberti David Uberti, Arthur F, Dave Organizations: Wall Street, Burns, Vice, Gizmodo Media, Columbia, Northwestern University, Columbia University Locations: New York, Germany, Europe, Ukraine
☆ The Race to Drill America’s Longest Oil and Gas Wells
  + stars: | 2023-09-10 | by ( David Uberti | Photographs Nate Smallwood For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/the-race-to-drill-americas-longest-oil-and-gas-wells-7631c8d0
Persons: Dow Jones
☆ Stock Market’s August Losses Snap Monthslong Winning Streak
  + stars: | 2023-09-01 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-08-31-2023-6cc41aa9
Persons: Dow Jones Organizations: dow
☆ How the Hawaii Fires Ensnared the State’s Third-Largest Bank
  + stars: | 2023-08-24 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/banking/how-the-hawaii-fires-ensnared-the-states-third-largest-bank-45b19bbe
Persons: Dow Jones Locations: hawaii
☆ ESG’s Long History: 1700s to Today
  + stars: | 2023-08-19 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
1999U.N. Secretary-General Kofi Annan urges business leaders to adopt socially responsible policies at a time of rapid globalization. “The spread of markets outpaces the ability of societies and their political systems to adjust to them, let alone to guide the course they take,” he says at the World Economic Forum. Nicolas Asfouri/Agence France-Presse/Getty Images
Persons: General Kofi Annan, ”, Nicolas Asfouri Organizations: General, Economic, Agence France
☆ Hawaii Fires Turn a Safe Investment Into a Big Risk
  + stars: | 2023-08-18 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/investing/hawaii-fires-turn-a-safe-investment-into-a-big-risk-a55650f
Persons: Dow Jones Locations: hawaii
☆ Oil Firms Face Hard Choices After a Year of Big Spending
  + stars: | 2023-08-14 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/oil-firms-face-hard-choices-after-a-year-of-big-spending-d95486dd
Persons: Dow Jones
☆ Rising Oil Prices Are Bad News for Drivers—and the Fed
  + stars: | 2023-08-07 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/gas-prices-inflation-oil-crude-diesel-eec0645f
Persons: Dow Jones
☆ Weather and Wall Street Conspire to Push Up Gas Prices
  + stars: | 2023-08-03 | by ( David Uberti | Hardika Singh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/weather-and-wall-street-conspire-to-push-up-gas-prices-61862f18
Persons: Dow Jones
☆ Dow Notches Longest Winning Streak Since 1987
  + stars: | 2023-07-27 | by ( David Uberti | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-news-07-26-2023-26888502
Persons: Dow Jones Organizations: dow
☆ The Energy Transition Will Require Cobalt. America’s Only Mine Can’t Get Off the Ground.
  + stars: | 2023-07-22 | by ( David Uberti | Rhiannon Hoyle | Photographs Natalie Behring For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/the-energy-transition-will-require-cobalt-americas-only-mine-cant-get-off-the-ground-e5ea91f1
Persons: Dow Jones
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