Thomson Reuters A worker walking past a pump jack on an oil field owned by Bashneft, Bashkortostan LONDON — Oil continued to rally on Friday morning as a decline in US production eased concerns about a global oversupply. WTI and Brent crude are both up 0.8% by mid-morning in London, reaching $ 45.30 and $ […]
Mary Erdoes, chief executive of asset and wealth management at JPMorgan, just issued a rallying cry. Speaking to a room full of stock analysts at JPMorgan’s investor day, she provided an impassioned defence of active management and Wall Street research. “The world is changing and you cannot doubt the ability for human beings to pick good stocks […]
Markets Insider A pre-holiday rally. Over the course of 2016, Tesla shares had slid over 15%. They’re still down, but since last week, the stock has staged a moderate rally. It was trading up over 6% to $ 208. Is there an obvious catalyst for this move? Not really. Tesla did recently institute a “idle” fee […]
The pound is rallying against the dollar on Thursday morning as Brits go to the polls in the country’s historic referendum, which will decide whether or not the UK leaves the European Union. Around 8:30 a.m. BST (3:30 a.m. ET) sterling is around 0.37% higher, having made larger gains in Asian trading overnight. As polls […]
REUTERS/Yuri GripasUS President Barack Obama (C) dances with participants during the 92nd annual National Christmas Tree Lighting on the Ellipse near the White House in Washington December 4, 2014. World markets are in the green early Monday, extending a recovery that follows a slump in oil prices and the dramatic slide of the Russian ruble. […]
(June 27): Palm oil, the most-used cooking oil, may rally less than an earlier forecast as demand for biodiesel trails estimates and an El Nino starts later than expected, said Dorab Mistry, director at Godrej International Ltd. Futures may climb to 2,800 ringgit ($ 870) a metric ton by December if the weather event occurs […]