DIRS.INFO The most relevant business & tech news

☆ Asian stocks subdued as traders brace for inflation data
▼ + stars: | 2023-11-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

"But I think it's not just this week's inflation indicator, it's also the December payroll numbers ... they'll be quite critical." "Our view is that the Fed will probably start cutting rates when inflation goes below the 3% mark. The weaker-than-expected data weighed on Treasury yields, with the yield on benchmark 10-year notes slipping 9.6 basis points on Monday. The dollar index , a measure of the greenback against a basket of currencies, fell to 103.07, its lowest since Aug. 31. Data showed retail sales in Australia unexpectedly slipped in October as consumers cut back on everything but food, though analysts believe many were merely saving some money to splurge on Black Friday sales that took place this month.

Persons: DAX, Vasu Menon, they'll, Menon, Dave Ramsden, Christine Lagarde, Jerome Powell, HSI, Brent, Ankur Banerjee, Sam Holmes, Kim Coghill Organizations: Federal, Investors, OCBC Bank, of England, European Central Bank, Japan's Nikkei, Treasury, New Zealand, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Singapore, U.S, Hong Kong, Australia

Speaking to parliament, Scholz went into Germany's recent history of the COVID pandemic, the war in Ukraine and soaring energy prices to extend a suspension of self-imposed borrowing limits to tackle a crisis that has knocked his coalition. A constitutional court ruling nearly two weeks ago blocked the government's plans to reallocate unused pandemic funds towards green initiatives and industry support, raising fears Germany's economy could be further weakened. Scholz's assurances that his government would solve the budget crisis with care were met with jeers and laughter from the opposition Christian Democrats (CDU), whose lawsuit against the government had sparked the earlier court ruling. He underscored support for Ukraine, after the recent budget turmoil raised questions over how much military aid Berlin was willing to commit. "It is also clear that we must not let up in our support for Ukraine and in overcoming the energy crisis.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Friedrich Merz, Scholz, Germany's, Berlin, Scholz's, " Merz, Andreas Rinke, Christian Kraemer, Miranda Murray, Rachel More, Matthias Williams, Kirsti Knolle, Bernadette Baum Organizations: Climate, Christian Democratic Union, CDU, Bundestag, Christian Democrats, Ukraine, Finance, Thomson Locations: BERLIN, Ukraine, Germany, East Germany

Analysts expect Temu, launched in September last year, to generate more than $16 billion in revenue this year. Chinese retail sales in September rose 5.5%, following 4.6% growth in August. PDD's revenue was 68.84 billion yuan ($9.62 billion) in the quarter ended Sept. 30, compared with analysts' average estimate of 54.59 billion yuan, according to LSEG data. The company's net income attributable to ordinary shareholders rose to 15.54 billion yuan in the third quarter, from 10.59 billion yuan a year earlier. ($1 = 7.1532 Chinese yuan renminbi)Reporting by Chavi Mehta in Bengaluru and Casey Hall in Shanghai; Editing by Shilpi Majumdar and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Temu, Xiaoyan Wang, Chavi Mehta, Shilpi Majumdar, Mark Potter Organizations: PDD Holdings, Pinduoduo, East, Alibaba, HK, Casey Hall, Thomson Locations: China, United States, Europe, East Asia, Australia, Bengaluru, Shanghai

NEW YORK (AP) — Reliever Liam Hendriks and outfielder Cody Bellinger were selected Major League Baseball's Comeback Players of the Year on Tuesday. He went 2-0 with one save and a 5.40 ERA in five appearances for the Chicago White Sox, the last on June 9. The White Sox declined a $15 million option and will pay a $15 million buyout in 10 equal installments from 2024-33. He went free again after declining a $25 million mutual option and taking a $5 million buyout. Bellinger also had a tying, three-run homer against Atlanta in Game 3 of the NL Championship Series.

Persons: Liam Hendriks, Cody Bellinger, Hendriks, Tommy John, Bellinger, ___ Organizations: League, MLB.com, Chicago White Sox, Minnesota, Kansas City, White Sox, Chicago, Chicago Cubs, Star, Los Angeles Dodgers, NL, San, Atlanta Locations: Kansas, Toronto, Oakland, San Francisco

☆ Paris metro ticket price to double during 2024 Olympics
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Nov 28 (Reuters) - Paris metro ticket prices will almost double during the 2024 Olympics, the French capital region's president said on Tuesday, adding that residents with passes would be shielded from the temporary rise and visitors would be charged "a fair price". "During the Olympics and the Paralympics, the Ile de France region will dramatically increase its transport offer. "We're going to create a new pass, the Paris 2024 pass, that will allow visitors to travel through the whole Ile de France region. Last week, Paris mayor hit out at Pecresse, saying the French capital would not be ready in terms of transport. Pecresse said that it was crucial that the Paris region residents be spared.

Persons: Gonzalo Fuentes, Valerie Pecresse, Pecresse, Clement Beaune, it's, Julien Pretot, Lucien Libert, Alexander Smith, Pritha Organizations: French, REUTERS, Rights, Paris, Thomson Locations: Paris, France, Pecresse

☆ Brent slips toward $80/bbl ahead of OPEC+ meeting
▼ + stars: | 2023-11-27 | by ( Florence Tan | ) www.reuters.com time to read: +3 min

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo Acquire Licensing RightsSINGAPORE, Nov 27 (Reuters) - Oil prices slipped on Monday, with Brent falling toward $80 a barrel, as investors awaited the OPEC+ meeting later this week for an agreement to curb supplies into 2024. Since then, the group has moved closer to a compromise, four OPEC+ sources told Reuters on Friday. Ahead of the OPEC+ meeting, estimated exports by OPEC countries have declined to 1.3 million barrels per day below levels in April, Goldman Sachs analysts said in a note, in line with the group's supply targets. The International Energy Agency said it expects a slight surplus in global oil markets in 2024 even if the OPEC+ nations extend their cuts into next year.

Persons: Angus Mordant, Brent, Goldman Sachs, Vivek Dhar, Florence Tan, Sonali Paul Organizations: REUTERS, Rights, Brent, U.S, West Texas, Organization of, Petroleum, Reuters, Friday, ING, OPEC, United, International Energy Agency, Commonwealth Bank, IEA, Thomson Locations: Loving County , Texas, U.S, Rights SINGAPORE, OPEC, Saudi Arabia, Russia, Saudi, United Arab Emirates, Gaza

☆ Jim Cramer knocks down a new analyst sell rating on a medtech stock as shortsighted
▼ + stars: | 2023-11-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Wall Street was mixed Monday after the Dow , the S & P 500 and the Nasdaq finished higher for the fourth straight week. Jim Cramer took issue with the note, saying Monday that GEHC's body scan machines are key in the administration of a new class of Alzheimer's drugs. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Outperformance, Jim, Jim Cramer's Organizations: CNBC, Dow, Nasdaq, GE Healthcare, UBS

☆ Brent holds above $80 a barrel ahead of OPEC+ meeting
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were little changed on Monday, with Brent holding above $80 a barrel, as investors awaited the OPEC+ meeting later this week for an agreement to curb supplies into 2024. Brent crude futures edged up 12 cents, or 0.2%, to $80.70 a barrel by 0028 GMT, while U.S. West Texas Intermediate crude futures were at $75.64 a barrel, up 10 cents, or 0.1%. Since then, the group has moved closer to a compromise, four OPEC+ sources told Reuters on Friday. "We still expect an extension of the unilateral Saudi and Russia cuts through at least 2024 Q1, and unchanged group cuts, although a deeper group insurance cut is likely on the table," Goldman Sachs analysts said in a note. Ahead of the OPEC+ meeting, estimated exports by OPEC countries have declined to 1.3 million barrels per day below levels in April, they added, in line with the group's supply targets.

Persons: Brent, Goldman Sachs, Vivek Dhar Organizations: Brent, U.S, West Texas, Organization of, Petroleum, Reuters, OPEC, United, International Energy Agency, Commonwealth Bank, IEA Locations: OPEC, Saudi Arabia, Russia, Saudi, United Arab Emirates, Gaza

"Fear is present but it is conscious," said Duntsova, who this month announced she wanted to run for president in the March 2024 election. They say that Putin has restored order and some of the clout Russia lost during the chaos of the Soviet collapse. When asked what she thought of Putin, Duntsova laughed nervously. "When in Europe and the United States they say that Russia and the Russians are Putin - that is not right. She said hardliners in the West and in Russia would be happy to see Russia closing itself off from the world.

Persons: Evgenia, Duntsova, Soviet Union stoked, Vladimir Putin, Putin, chuckled, Indira Gandhi, Africa's Nelson Mandela, Alexandra Skochilenko, Andrei Pivovarov, Ilya Yashin, Vladimir Kara, Murza, Alexei Navalny, She, Guy Faulconbridge, Ed Osmond Organizations: Reuters, REUTERS, Rights, Kremlin, CIA, Justice Ministry, Prosecutors, Thomson Locations: Moscow, Russia, Ukraine, Soviet Union, Europe, Russian, RUSSIA, Putin's Russia, United States, Siberian, Krasnoyarsk, Rzhev, Tver

☆ Schaeffler’s token bump sets up bigger battle
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Staff Acquire Licensing RightsLONDON, Nov 27 (Reuters Breakingviews) - Schaeffler’s (SHA_p.DE) token bump for Vitesco Technologies (VTSCn.DE) may not ensure a smooth ride. The 3.4 billion euro German industrial group raised its tender price for shares in auto parts group Vitesco by 3% to 94 euros. On that basis the 94 euros tender price is only a 7% premium above fair value. Assuming enough shareholders now tender, the final merger price for any remaining shares will be set by a third-party valuer. Yet Vitesco’s board, backed by three banks including JPMorgan (JPM.N) and Lazard (LAZ.N), have now published fairness opinions saying the company is worth more than 94 euros.

Persons: Thomas Stierle, David Einhorn’s, Neil Unmack, Warren Buffett, George Hay, Streisand Neto Organizations: REUTERS, Staff, Reuters, Vitesco Technologies, JPMorgan, Lazard, X, Thomson Locations: Frankfurt, Germany, China, Rome

☆ Vitesco says new Schaeffler offer for EV merger 'inadequate'
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

The Vitesco company logo is seen at Continental's pilot location for industry 4.0 applications in Regensburg, Germany, February 28, 2020. REUTERS/Michael Dalder/File Photo Acquire Licensing RightsNov 27 (Reuters) - German automotive supplier Schaeffler (SHA_p.DE) raised its offer price for shares in Vitesco Technologies (VTSCn.DE) on Monday, as a goodwill gesture, but Vitesco management said the new offer was "inadequate". Germany's billionaire Schaeffler family holds all voting rights and 75% of shares in its namesake supplier of electric vehicle components. It also owns close to 50% of Vitesco, making the likelihood the merger will be agreed all but certain. However, under pressure from some investors, who said the original offer of 91 euros per share was too low, it increased its offer price to 94 euros ($102.53) per share in Vitesco.

Persons: Michael Dalder, Schaeffler, Vitesco, Amir Orusov, Christina Amann, Rachel More, Barbara Lewis Organizations: REUTERS, Vitesco Technologies, Continental AG, Thomson Locations: Regensburg, Germany, Vitesco

☆ Taiwan rattled by offshore earthquake, no reports of damage
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: 1 min

TAIPEI, Nov 26 (Reuters) - A magnitude 5.4 earthquake struck off Taiwan's east coast on Sunday, the island's weather bureau said, briefly shaking buildings in the capital Taipei but with no reports of damage. The epicentre of the earthquake was in the sea off Taiwan's Hualien county, at a depth of 22.4 km (14 miles), the weather bureau said. Taiwan lies near the junction of two tectonic plates and is prone to earthquakes. More than 100 people were killed in a quake in southern Taiwan in 2016, while a 7.3 magnitude quake killed more than 2,000 people in 1999. Reporting by Ben Blanchard; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Ben Blanchard, William Mallard Organizations: Thomson Locations: TAIPEI, Taiwan's, Taipei, Hualien, Taiwan

☆ This Wisconsin county has voted for the winning presidential candidate since 1996, one of the longest such streaks in the country
▼ + stars: | 2023-11-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Sticking out into Lake Michigan, Door County is one of Wisconsin's most picturesque jurisdictions. Door County is also a presidential bellwether, having backed the winning candidate since 1996. In 2020, now-President Joe Biden defeated then-President Donald Trump in Door County 49.9%-48.5%, or by roughly 1.4 points. Door County has a habit of making itself stand out among the state's 72 counties, backing the winning presidential candidate in every election since 1996, one of the longest such streaks in the country. (Like many communities in the Midwest, Door County has long had seasonal workers work on farms and in other local businesses.)

Persons: —, Joe Biden, Donald Trump, Biden, Hillary Clinton, Clinton, Ronald Reagan, Bill Clinton's, George W, Bush's, Barack Obama's Organizations: Service, Trump, Wisconsin, GOP, Midwest, The Washington Post Locations: Lake Michigan, Wisconsin, swingiest, Door County, Door, Sturgeon

☆ Amazon hit by strikes, protests across Europe during Black Friday trade
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

"Make Amazon Pay", a campaign coordinated by the UNI Global Union, said strikes and protests would take place in more than 30 countries from Black Friday - the day after the U.S. Thanksgiving holiday, when many retailers slash prices to boost sales - through to Monday. In Germany, Amazon's second-biggest market by sales last year, around 250 workers were on strike at a Leipzig warehouse and around 500 at an Amazon warehouse in Rheinberg, trade union Verdi said on Friday. More than 200 workers were striking on Friday at Amazon's warehouse in Coventry, England as part of a long-running dispute over pay. The striking workers were chanting their demand for a pay rise to 15 pounds ($18.69) an hour. Amazon has remained popular in Europe even as rivals like Shein and Temu have seen rapid growth.

Persons: Amazon's, Verdi, Nick Henderson, Amazon, CGIL, CCOO, Helen Reid, James Davey, Phil Noble, Matthias Inverardi, Elisa Anzolin, Corina Pons, Sharon Singleton Organizations: UNI Global Union, U.S, Amazon, Castel, Reuters Graphics, Thomson Locations: Europe, U.S, Germany, Leipzig, Rheinberg, Amazon's, Coventry, England, Castel San Giovanni, France, London, Dusseldorf, Milan, Madrid

☆ Amazon protests in Europe target warehouses, lockers on busy Black Friday
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

On Black Friday, the day after the U.S. Thanksgiving holiday, many retailers slash prices to boost sales. More than 1,000 workers at Amazon's warehouse in Coventry, England, will strike on Friday, according to trade union GMB, as part of a long-running dispute over pay. Many Amazon shoppers use its lockers, which are located in train stations, supermarket car parks, and street corners, to receive their orders. Attac, which calls Black Friday a "celebration of overproduction and overconsumption", said it expects the protest to be wider than last year, when it estimates 100 Amazon lockers across France were targeted. "Make Amazon Pay", a global campaign coordinated by UNI Global Union, said strikes and protests would take place in more than 30 countries from Black Friday through to Monday.

Persons: Pascal, Amazon's, Verdi, CGIL, CCOO, Helen Reid, James Davey, Matthias Inverardi, Elisa Anzolin, Corina Pons, Sharon Singleton Organizations: Workers, U.S, Amazon, GMB, Trade, Amazon's, Castel, UNI Global Union, Thomson Locations: Boves, France, Europe, U.S, Germany, Bad Hersfeld, Dortmund, Koblenz, Leipzig, Amazon's, Coventry , England, London, Castel San Giovanni, Black, Dusseldorf, Milan, Madrid

☆ Amazon hit by strikes, protests across Europe during Black Friday
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +4 min

In England, more than 200 workers were striking on Friday at Amazon's warehouse in Coventry as part of a long-running dispute over pay. The striking workers were chanting their demand for a pay rise to 15 pounds ($18.69) an hour. [1/4]People hold a banner during a Black Friday strike outside the Amazon warehouse, in Coventry, Britain November 24, 2023. Spanish union CCOO called for Amazon warehouse and delivery workers to stage a one-hour strike on each shift on "Cyber Monday" next week. Amazon has remained popular in Europe even as rivals like Shein and Temu have seen rapid growth.

Persons: Amazon's, Verdi, Nick Henderson, Phil Noble, Amazon, CGIL, CCOO, Helen Reid, James Davey, Matthias Inverardi, Elisa Anzolin, Corina Pons, Nick Zieminski, Jason Neely Organizations: UNI Global Union, U.S, Amazon, REUTERS, Reuters Graphics, Thomson Locations: Europe, U.S, Germany, Rheinberg, Leipzig, England, Amazon's, Coventry, Britain, Italy, Castel San Giovanni, Spanish, France, London, Dusseldorf, Milan, Madrid

Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). As a financial planner, I've witnessed plenty of big investment mistakes. In my opinion as a financial planner, you need to invest if you want to grow wealth. Avoiding investments altogetherThere's no shortage of investment mistakes you can make. Have a strategic way to determine how much cash you truly need on hand — then consider investing the rest.

Persons: I've, —, Get, they'll, Warren Buffett Organizations: Service, SEC, Invest

☆ Dollar climbs after U.S. labor, consumer sentiment data
▼ + stars: | 2023-11-22 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

"The fact that we are seeing a drop definitely suggests that the labor market is not cooling as quickly as markets or the Fed might have been expecting there," said Karl Schamotta, chief market strategist at Corpay in Toronto. Schamotta also said market participants were maintaining relatively high dollar positions before liquidity dries up before the U.S. Thanksgiving holiday on Thursday. The greenback extended gains after the University of Michigan's survey of consumer sentiment showed U.S. consumers' inflation expectations rose for a second straight month in November. UMich inflation expectationsThe dollar index rose 0.37% to 103.9, on track for its biggest one-day percentage gain since Nov 9. The Japanese yen weakened 0.82% to 149.61 per dollar, while Sterling was last trading at $1.249, down 0.37% on the day.

Persons: Karl Schamotta, Schamotta, CME's, policymaker Mario Centeno, Joachim Nagel, Sterling, Jeremy Hunt, Changpeng Zhao, Zhao, Chuck Mikolajczak, Will Dunham, Richard Chang Organizations: Labor Department, Reuters, United Auto Workers, UAW, Detroit's Big, Federal, Fed, University of Michigan's, European Central Bank, Investors, Thomson Locations: Toronto, U.S

WASHINGTON (AP) — While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry. The latest shoe to drop is Binance’s multibillion dollar settlement with U.S. authorities and the resignation of its CEO this week. When cryptocurrencies collapsed and a number of companies failed last year, Congress considered multiple approaches for how to regulate the industry in the future. Brown has been highly skeptical of cryptocurrencies as a concept and he’s been generally reluctant to put Congress’ blessing on them through legislation. Yesterday’s development marks the same inflection point that we saw earlier at the intersection of the .com and post-.com eras.”

Persons: Sam Bankman, cryptocurrencies, Janet Yellen, Changpeng Zhao, Zhao, Binance, General Merrick Garland, — Binance, Debbie Stabenow, John Boozman, Sen, Sherrod Brown, Brown, He’s, ” Brown, Fried, can’t, ”, Dennis Kelleher, Yiannis Giokas Organizations: WASHINGTON, Treasury, White, Biden Administration, Binance, U.S . Treasury, U.S, Securities and Exchange Commission, Coinbase, SEC, PayPal, Futures Trading Commission, Agriculture Committee, U.S ., Financial Services, Senate, Consumer, Better, Moody’s Analytics, U.S . Authorities Locations: Washington, United States, Cayman Islands, Ohio, stablecoins, U.S

☆ A Left Turn for Democrats in New Hampshire?
▼ + stars: | 2023-11-22 | by ( Louis Jacobson | ) www.usnews.com time to read: +8 min

Since their narrow victories in 2016, Democrats have won every federal race in New Hampshire – and have done so by widening margins. But Sununu, the scion of a New Hampshire Republican dynasty, decided not to run for a new term in 2024. Depending on vacancies and special elections, the Democrats might be able to flip control of the chamber even before the 2024 election. Under Biden, Democrats changed the order of their primaries to place New Hampshire tied for second, rather than first. Regardless, the unusual nature of the 2024 primary could have negative consequences for Democrats, Galdieri said.

Persons: Hillary Clinton, Donald Trump, Maggie Hassan, Republican Sen, Kelly Ayotte, Trump, Republican Party –, Joe Biden, Louis Jacobson, It’s, Kenneth M, Johnson, Dante Scala, Andrew Smith, Smith, ”, Chris Galdieri, Karoline Leavitt, Bob Burns, Don Bolduc, ” Galdieri, Biden, Biden’s, Robert F, Kennedy Jr, Cornel West, Ron DeSantis, Nikki Haley, Chris Sununu, Republicans ’, Sununu, “ Donald Trump, ” Sununu, “, He’s, there’s, Dean Phillips, Phillips, Galdieri, Barack Obama Organizations: MANCHESTER, Republicans, Republican, Republican Party, GOP, New Hampshire –, Democrats, Democratic, U.S . News, New, University of New, Anselm College in, Biden, Trump, CNN, Emerson College, South Carolina Gov, New Hampshire Republican, New Hampshire, New Hampshire Democratic Locations: N.H, New Hampshire, Massachusetts, University of New Hampshire, Anselm College in Manchester, New England, Hampshire, Israel, Gaza, New, Minnesota

☆ Bipartisan infrastructure law: 5 projects that got money
▼ + stars: | 2023-11-22 | by ( Katie Lobosco | ) edition.cnn.com time to read: +7 min

Washington CNN —More than 40,000 projects have received federal funding from the $1.2 trillion infrastructure law signed by President Joe Biden two yeas ago. Replacing an aging bridge over the Wisconsin RiverThe I-39/90/94 bridge, which crosses the Wisconsin River, is set to be replaced. Earlier this year, the project received $25 million from the infrastructure law. The Susquehanna River Bridge in Maryland and the Connecticut River Bridge – both of which are more than 100 years old – will also be replaced. The infrastructure law allocated $22 billion to Amtrak directly, some of which is being used to replace its fleet of more than 1,000 railcars and locomotives.

Persons: Washington CNN —, Joe Biden, hasn’t, Biden, –, Bauer, Griffin, Michael M, Sandy, Washington’s Howard, Hanson, Howard, Dean Rutz, it’s, Alexander L, Bullock Organizations: Washington CNN, Boston Logan International, Wisconsin Department of Transportation, Wisconsin DOT, Park City , Utah Park City, Historic District, AaronP, Getty, Amtrak, Maryland Area, Seattle Times, US Army Corps of Engineers, Tacoma, Puget Sound Locations: Ohio, Wisconsin, Columbia County, Milwaukee, Chicago, Madison, Park City , Utah, Park City, Utah, Kimball, Hudson, New York City, Boston, Washington, New Jersey, Manhattan, Maryland, Baltimore, Potomac, Susquehanna, Connecticut, Hanson, East King County , Washington, Columbia, Washington and Oregon, Howard, Seattle

☆ IEA sees surplus oil supply in 2024 even if OPEC+ extends current cuts
▼ + stars: | 2023-11-21 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +2 min

An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023. OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this month, three OPEC+ sources have told Reuters after prices dropped by some 16% since late September. Oil has slid to around $82 a barrel for Brent crude from a 2023 high in September of near $98. Concern about demand and a possible surplus next year has pressured prices, despite support from the OPEC+ cuts and conflict in the Middle East. The cuts include 3.66 million bpd by OPEC+ and additional voluntary cuts by Saudi Arabia and Russia.

Persons: Pascal, Toril Bosoni, Brent, Nerijus Adomaitis, Terje Solsvik, Gwladys Organizations: IPC Petroleum France, REUTERS, Rights, International Energy, Reuters, Oil, OPEC, Brent, Thomson Locations: Soudron, Reims, France, Rights OSLO, OPEC, Oslo, East, Saudi Arabia, Russia

[1/5] Chancellor of the Exchequer Jeremy Hunt leaves 11 Downing Street for the House of Commons to deliver his autumn statement, in London, Britain, November 22, 2023. "After a global pandemic and energy crisis, we have taken difficult decisions to put our economy back on track," Hunt told parliament on Wednesday in his Autumn Statement fiscal update. Hunt pointed to OBR forecasts showing the government would meet its targets for the public finances, leaving open the possibility of further pre-election giveaways to voters in his full budget statement expected in early 2024. Sunak this week promised "responsible" tax cuts, mindful of last year's "mini-budget" turmoil in financial markets triggered by his predecessor Liz Truss's plans for much bigger tax cuts. This time last year, the newly installed Sunak and Hunt raised taxes sharply to quell the bond market mayhem.

Persons: Jeremy Hunt, Stefan Rousseau, Hunt, Rishi Sunak's, Paul Johnson, we've, giveaways, Johnson, BoE, Philip Shaw, Liz Truss's, Muvija M, Paul Sandle, Sarah Young, William James, Elizabeth Piper, Alistair Smout, Andrew MacAskill, James Davey, Suban Abdulla, Farouq Suleiman, Kate Holton, Sumanta Sen, William Schomberg, Catherine Evans Organizations: REUTERS Acquire, Labour, Labour Party, Institute for Fiscal Studies, Gross, Reuters Graphics, Bank of England, Graphics, Thomson Locations: London, Britain, British

MADISON, Wis. (AP) — The liberal-controlled Wisconsin Supreme Court is scheduled to hear arguments Tuesday in a redistricting case that Democrats hope will result in new, more favorable legislative maps for elections in 2024 that will help them chip away at the large Republican majority. The Wisconsin Supreme Court is controlled 4-3 by liberal justices, following the April election victory by Justice Janet Protasiewicz. Democrats want the court to strike down the legislative maps, draw new ones, and order elections under those maps for all 132 state lawmakers in 2024. If the court were to rule that way, the case would certainly be appealed to the U.S. Supreme Court and it's unclear whether there would be a ruling in time for the 2024 election. Those seeking new maps contend that the Supreme Court violated the separation of powers doctrine when it adopted the Republican-drawn map that Democratic Gov.

Persons: unsalvageable, Janet Protasiewicz, Robin Vos, Tony Evers, “, they’ve, Evers, Protasiewicz, David Lieb, Harm Organizations: Republican, Republicans, Democratic, Legislature, U.S, Supreme, . House, Democrats, Democratic Gov, Associated, Associated Press Locations: MADISON, Wis, Wisconsin, New York, North Dakota, Pennsylvania, Massachusetts, Tennessee, Wisconsin’s, Associated Press, Jefferson City , Missouri, Madison

☆ Nvidia earnings will give Wall Street a peek into AI demand heading into 2024
▼ + stars: | 2023-11-20 | by ( Ari Levy | ) www.cnbc.com time to read: +5 min

Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. When Nvidia reports fiscal third-quarter results Tuesday, analysts are expecting to see revenue growth of over 170%. Heading into the Thanksgiving holiday, Wall Street will be closely scrutinizing the company that's been at the heart of this year's artificial intelligence boom. In particular, the emergence of AMD in the generative AI market presents a new dynamic for Nvidia, which has mostly had the AI graphics processing unit (GPU) market to itself. "NVDA needs to forcefully counter the narrative its products are too expensive for generative AI inference," the Bank of America analysts wrote.

Persons: Jensen Huang, that's, Lisa Su, Raymond James, OpenAI's, Sam Altman, OpenAI, Emmett Shear, Satya Nadella, Altman, Greg Brockman, Jensen, Eric Jackson Organizations: Nvidia, " Bank of America, AMD, Bank of America, FactSet, LSEG, Microsoft, Cailian Press Locations: China, OpenAI

Search resuls for: "4 e"

25 mentions found