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☆ Oil gains on weaker U.S. business activity, but Chinese demand data weighs
▼ + stars: | 2022-10-24 | by ( Laila Kearney | ) www.reuters.com time to read: +3 min

SummarySummary Companies U.S. business activity weakens again in October -S&P GlobalNEW YORK, Oct 24 (Reuters) - Oil edged up in choppy trade on Monday, as weakening U.S. business activity data eased expectations for more aggressive interest rate hikes, while data showing demand from China remained lacklustre in September limited prices. U.S. West Texas Intermediate crude for December delivery gained 55 cents, or 0.7%, to $85.60 a barrel. Oil prices regained some ground after data that showed U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly survey of purchasing managers both reporting weaker client demand. "Such a release is likely to have only a modest influence (<$5/bbl) on oil prices", the bank said in a note. U.S. energy firms added oil and natural gas rigs last week for the second week in a row as relatively high oil prices encourage firms to drill more, energy services firm Baker Hughes Co said in a report.

Brent crude futures fell 3 cents to settle at $92.38 a barrel. read moreThe U.S. dollar index pared losses after the comments, weighing on oil prices. A stronger dollar reduces demand for oil by making the fuel more expensive for buyers using other currencies. "Harker is saying that the war on inflation has just begun," said Phil Flynn, analyst at Price Futures Group in Chicago. The announcement, however failed to ease oil prices, as official U.S. data showed that the SPR last week dropped to their lowest since mid-1984, while commercial oil stocks fell unexpectedly.

U.S. West Texas Intermediate crude (WTI) <CLc1> for November, that is expiring on Thursday, was at $83.17 a barrel, up 35 cents, or 0.4%. Register now for FREE unlimited access to Reuters.com RegisterU.S. crude inventories fell unexpectedly last week - down 1.7 million barrels, weekly government showed, against expectations for a build of 1.4 million barrels. SPR levels fell 3.6 million barrels to just over 405 million, the lowest since May 1984. The EU's sanctions on Russian crude and oil products will take effect in December and February, respectively. There were also some signs of resurgent Chinese oil demand, including private mega refiner Zhejiang Petrochemical Corp (ZPC) and state-run ChemChina receiving further import quotas.

☆ Capital One will launch the Premier Collection luxury hotel booking program, plus new culinary-focused Capital One Landing airport lounges
▼ + stars: | 2022-10-18 | by ( Tessa Campbell | Personal Finance Reviews Fellow | Read More | ) www.businessinsider.com time to read: +12 min

Capital OneCapital One will offer its own premium hotel booking program with the launch of the Premier Collection for Capital One Venture X Rewards Credit Card members. Read Insider's guide to the best travel rewards credit cards. And it's got a lot in common with existing credit card hotel programs, like Amex Fine Hotels and Resorts and Chase's Luxury Hotels and Resorts Collection. To access the Capital One Premier Collection, you'll need to have a Capital One Venture X Rewards Credit Card or Capital One Spark Travel Elite card (only available through Capital One Business relationship managers). Oftentimes, credit card hotel booking programs have higher rates than booking through the property (or chain) directly.

A stronger dollar reduces demand for oil by making the fuel more expensive for buyers using other currencies. In U.S. supply, energy firms this week added eight oil rigs to bring the total to 610, their highest since March 2020, energy services firm Baker Hughes Co said. read moreChina, the world's largest crude oil importer, has been fighting COVID-19 flare-ups after a week-long holiday. The country's infection tally is small by global standards, but it adheres to a zero-COVID policy that is weighing heavily on economic activity and thus oil demand. The International Energy Agency (IEA) on Thursday cut its oil demand forecast for this and next year, warning of a potential global recession.

The upshot: The price of orange juice, which has already climbed to an all-time high of $2.90 per 12-ounce can because of soaring food inflation, could go even higher. "We’re factoring in a very tight [crop production] situation here," said Jack Scoville, vice president at PRICE Futures Group in Chicago. Tristan Wheelock / Bloomberg via Getty ImagesFlorida oranges serve as the feedstock for most orange juice produced in the U.S. He also predicted that more Americans will switch to Vitamin C supplements as the cost of orange juice begins to climb further. Both of those factors could ultimately prevent orange juice prices from rising faster, he said.

Hurricane Ian was set to produce significant damage to much of Florida's citrus crop as it tore through the central-southwest part of the state, threatening to send the price of orange juice higher. November orange juice futures contracts were trading as high as $1.92 per pound Wednesday before falling back to $186.55. "The amount of loss is going to be pretty significant," Scoville said. Depending on the season, more than 90% of America’s orange juice is made from Florida-grown oranges, according to state data. According to the Agriculture Department, cold storage stocks of orange juice were at lows not seen since at least 2019 heading into August.

NEW YORK, Sept 28 (Reuters) - Oil prices rose on Wednesday following unexpected drawdowns in U.S. crude and fuel stocks, and as the U.S. dollar pulled back from recent gains, boosting commodities prices. Brent crude futures were up $2.82, or 3.3%, at $89.09 per barrel by 12:31 p.m. EST (1631 GMT). U.S. West Texas Intermediate (WTI) crude futures rose $3.20, or 4.1%, to $81.70 a barrel. The dollar hit a fresh two-decade peak against a basket of currencies on Wednesday before pulling back. A strong dollar reduces demand for oil by making it more expensive for buyers using other currencies.

☆ Check out the pitch deck that an ex-Uber product lead and the mom of YouTube's CEO used to raise $7 million for their startup that helps kids learn by making online videos
▼ + stars: | 2022-09-19 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +3 min

Tract is a new edtech startup where students can make hands-on videos for class projects. Veteran teacher Esther Wojcicki and YouTube CEO Susan Wojcicki's mom, cofounded the startup. San Francisco-based Tract is a new edtech startup where students and teachers can learn through making and sharing educational videos within a safe web-based platform that other kids and teachers can engage with through likes and comments. Other investors included Moving Capital, Oceans Ventures, Global Founders Capital, Bessemer Venture Partners, K50 Ventures, G9 Ventures, Graph Ventures, Alumni Ventures Group, Minerva, and Correlation Ventures. Check out the 12-slide pitch deck that edtech Tract used to raise $7 million in seed funding:

☆ Filmul „Joker” ar putea avea o continuare. Todd Phillips este în discuţii pentru a regiza şi a doua parte a peliculei
▼ + stars: | 2019-11-21 | by ( Onixmedia Srl | ) diez.md time to read: +3 min

Todd Phillips este în discuţii pentru a regiza şi a doua parte a peliculeiO continuare a filmului „Joker” ar fi în lucru la Warner Bros., Todd Phillips fiind în discuţii pentru a regiza şi a doua parte a peliculei de succes, informează miercuri Business Insider şi EFE, care citează The Hollywood Reporter. Filmul a depăşit weekendul trecut pragul încasărilor de 1 miliard de dolari în box-office-ul mondial, devenind primul lungmetraj de categorie „R” care a reuşit o astfel de performanţă. El ar fi primit drepturile de a realiza „cel puţin încă o altă poveste DC”, a notat The Hollywood Reporter. Pentru că eu cred că acesta este, în definitiv, motivul pentru care filmul a prins, pentru ceea ce se întâmplă în substrat”, a adăugat regizorul. Filmul „Joker” a suscitat, de asemenea, numeroase controverse în rândul publicului din cauza modului în care a ilustrat chestiuni sensibile, precum bolile mintale şi violenţa.

Persons: Todd Phillips, Joaquin Phoenix, Tod Phillips, Toby Emmerich, ., . Phillips, Prinţul, american Martin Scorsese, Martin Scorsese Organizations: Warner Bros, Hollywood, AGERPRES, Warner Bros . Pictures Group, Warner, Los, Los Angeles Times Locations: Statele Unite, Los Angeles, american

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