Newsfeeds Archive - Spark Newswire

3 minute read

OPEC+ Likely To Extend Production Cuts Amid Rising Summer Demand: Report

May 31, 2:33 AM

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, are expected to extend their current production cuts this weekend, as per delegates and analysts.

IEO

2 minute read

Equities

Patterson-UTI Drills Into Middle East With ADNOC Partnership

By Lekha Gupta

May 13, 7:36 AM

Patterson-UTI subsidiary inks term sheet with ADNOC Drilling for minority equity interest in newly formed Turnwell Industries.

OIH

1 minute read

ChampionX, Schlumberger Shares Move In Opposite Directions After $8B Deal Announcement

By Lekha Gupta

April 2, 1:56 PM

The transaction is projected to close before 2024, subject to shareholder and regulatory approval.

CHX

2 minute read

Top Stories

Stocks Inch Higher, Tesla Rebounds, Bitcoin Holds Below $70,000: What’s Driving Markets Tuesday?

By Piero Cingari

March 26, 2:08 PM

Wall Street is set to break a two-day losing streak on Tuesday, as major indices trended positively during midday trading in New York. The S&P 500 saw a modest uptick of 0.3% for the day, with the Dow Jones Industrial Average, the Nasdaq 100 and the Russell 2000 experiencing a 0.2% surge.

BTC

2 minute read

Gold Mining Stocks Eye Best Month In A Year As ‘Golden Era’ For The Precious Metal Looms

By Piero Cingari

March 26, 1:25 PM

Gold mining stocks soared in March 2024 due to lower interest rates and central bank demand. VanEck GDX ETF saw 13% rally, outperforming other industries.

GDX

2 minute read

Stocks Pause, Gold Rises, Bitcoin Sinks On Worst Day In Four Months: What’s Driving Markets Friday?

By Piero Cingari

January 12, 3:33 PM

U.S. stock market lacks direction on mixed earnings and producer inflation data. Bitcoin drops 6% following spot Bitcoin ETF approval. Gold rises 1%.

AAL

2 minute read

Wall Street Slips As Rate-Cut Hopes Diminish With Inflation, Bitcoin Remains Unmoved By ETF Debut: What’s Driving Markets Thursday?

By Piero Cingari

January 11, 3:10 PM

It’s a bearish Thursday on Wall Street, with stocks relinquishing their gains due to unexpectedly high inflation numbers for December, causing some turbulence in market expectations regarding earlier Federal Reserve rate cuts.<

AAPL

2 minute read

Stocks Edge Higher, Bitcoin Holds Steady Awaiting SEC’s Decision: What’s Driving Markets Wednesday?

By Piero Cingari

January 10, 3:18 PM

Wednesday’s session is one of modest gains on Wall Street, with all major large-cap stock indices in the green.

2 minute read

Stocks Flip To Losses, Nvidia Defies Gravity, Bitcoin Pauses For A Breather: What’s Driving Markets Tuesday?

By Piero Cingari

January 9, 3:14 PM

Tuesday on Wall Street was marked by a subdued trend in major equity indices as investors remained cautious ahead of key inflation data scheduled for release on Thursday and the kick-off of the earnings season.

AMD

3 minute read

US Stocks Rebound, Semiconductors Shine, Boeing’s Struggles Weigh On Dow: What’s Driving Markets Monday?

By Piero Cingari

January 8, 2:15 PM

Wall Street kicked off the week on a positive note, marking a turnaround from the challenging start to the year. All major stock indices showed gains, except for the Dow Jones, as financial conditions showed signs of improvement.

AAL