Author: News Room
By Stephanie Kelly and Trixie Yap SINGAPORE (Reuters) -Oil prices rose on Tuesday on expectations that inventories in the U.S., the world’s biggest crude consumer, are expected to fall and on signs that demand in emerging markets remains healthy. Crude futures likely received a boost from gains in Asian equity markets as regional central banks are expected to keep their interest rates steady. Signs of strong fuel demand in India, the world’s third-biggest oil consumer, in March also supported prices. Last month, fuel consumption jumped by 5% from a year earlier to a record 4.83 million barrels per day. The…
© Reuters. FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton, Washington, U.S., March 27, 2019. REUTERS/Lindsey Wasson By Valerie Insinna WASHINGTON (Reuters) – Boeing (NYSE:) Co intends to restore production of its bestselling 737 MAX jet to its 2019 rate of 52 a month by January 2025 as it seeks to fully recover from two deadly crashes and the COVID-19 pandemic that curtailed output, two people familiar with the matter said. After increasing monthly MAX production rates to 38 in June, Boeing’s current plans call for 42 MAXs a month…
President Joe Biden on Monday called for background checks and other gun-control steps in the wake of a shooting at a bank in downtown Louisville, Ky. “It’s long past time that we require safe storage of firearms. Require background checks for all gun sales. Eliminate gun manufacturers’ immunity from liability. We can and must do these things now,” he said in a statement. Police said five people were killed in a shooting at a bank building in downtown Louisville and the suspected shooter is also dead. Six others were brought to the hospital after the Monday morning shooting, according to…
April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here. Unhappy with you credit score? Looking to buy a house? You’ve come to the right place. There are five big factors that play into your credit score, according to Freddie Mac FMCC, +0.32% : Your payment history. The amounts you owe. The length of your credit history. New credit you apply for. The types of credit you use.…
While the big drop in Apple Inc.’s Mac sales got most of the attention Monday amid the news that PC makers had yet another terrible quarter, another element of the quarterly stats included some more bad news for PC makers. According to market researcher IDC, sometime later this year, PC makers are likely going to be paying higher prices for Chromebook licenses from Alphabet Inc.’s GOOG, -1.79% GOOGL, -1.83% Google division. “At this stage, to the best of our knowledge, it’s not something Google has said publicly, but there are enough rumors around the supply chain that we are confident…
Microsoft, Amazon.com and Alphabet should all deliver solid cloud results in their upcoming earnings as cloud spending across businesses has stabilized, says one Wedbush analyst. For cloud businesses, Microsoft (ticker: MSFT) has Microsoft Azure, Amazon (AMZN) has Amazon Web Services, and Alphabet (GOOGL) has Google Cloud Platform. Wedbush analyst Dan Ives wrote in a research note that he expects Microsoft , Amazon and Alphabet to report cloud results for their upcoming earnings that either meet or beat Wall Street expectations. “Large cap tech and sub-sectors such as cloud and cyber security are seeingmuch more resilient growth than the Street had…
Even amid all his legal challenges, Donald Trump has a secret weapon in his drive to win the Republican presidential nomination next year: polling strongly suggests he has transformed the GOP primary electorate in a way that will make him harder to beat. Since Trump’s emergence as the GOP’s dominant figure in 2016, the college-educated voters generally most skeptical of him have declined as a share of all GOP primary voters, while the voters without a college degree generally most sympathetic to him have increased, an array of public and private polls indicate. Those changes suggest Trump has set in…
The US and the Philippines have kicked off their largest joint military exercise in 31 years, highlighting the two countries’ efforts to revitalise their alliance to deal with an increasingly assertive China.Although Balikatan, the two militaries’ annual flagship drill, had been scheduled for months, its opening on Tuesday — a day after China wrapped up three-day manoeuvres around Taiwan — underscored the importance of the Philippines in any regional conflict.The US and Philippine foreign and defence ministers are also due to hold the first so-called 2+2 meeting in seven years in Washington on Tuesday, another reflection of the allies’ significant…
The Lipper High Yield Funds classification attracted its first weekly inflow in seven weeks (+$3.6 billion), marking the largest inflow this year. Those prior seven weeks saw $14.6 billion walk out the door. This classification has suffered four straight quarters of outflows, but with a strong first week in March, that trend may change. High Yield Funds have also returned plus-side performance in five of the last six weeks. This classification has returned 3.23% over the last quarter, which slots them as the third largest returner under the General Domestic Taxable Fixed Income macro group – behind Corporate Debt A-Rated…
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