Morgan Stanley cuts oil price forecasts, sees surplus in H1 2024
(Reuters) – Morgan Stanley (NYSE:MS) on Wednesday lowered its oil price forecasts, predicting a market surplus in the first half…
Dollar steady before Fed minutes; yen hovers near 145-mark
(Reuters) -The U.S. dollar held steady against other major currencies on Wednesday as traders waited for minutes from the Federal…
Brent crude steady as economic fears offset supply cuts
(Reuters) – Brent crude oil prices were little changed on Wednesday as concern over the global economy countered supply cuts…
North America and Europe lead surge in global EV demand
Citi Research analysts reported a surge in demand for Battery Electric Vehicles (BEV) in May, with a 46% increase compared…
Nikola shares dip following 2Q delivery report
Shares of American heavy-duty electric vehicle maker, Nikola (NASDAQ:NKLA) dropped as much as 3% in early trading after the company…
Italy’s Meta tax review gets underway in potential test case for tech sector
(Reuters) – Italy expects to take until the end of the year for an initial assessment of Facebook (NASDAQ:META) parent…
Advanced Micro Devices stock upgraded as Northland says ‘AI multiple’ is coming
Northland Capital Markets analysts upgraded Advanced Micro Devices (NASDAQ:AMD) to Outperform with the price target of $150 per share. “The…
Dow futures fall; caution ahead of Fed minutes, factory orders
U.S. stock futures fell Wednesday as investors warily returned from a holiday break, focusing on the release of the minutes…
Netflix stock is up 135% since being added to Goldman’s Sell list in 2022
Goldman Sachs analysts upgraded Netflix (NASDAQ:NFLX) stock to Overweight from Neutral with the price target raised to $400 per share…
Explainer – What’s behind the firmer-than-expected yuan fixings?
(Reuters) – The yuan has lost nearly 5% of its value against the dollar this year and in recent weeks…