Written by Gary
Nasdaq futures decline as Netflix shares tank, SP 500 little changed (SPY -0.2%). Stocks making the biggest moves after the bell: Netflix, CSX, Tenet Health.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
|Here are the headlines moving the markets.|
Gas will be a repeat of coal but quicker. When we look at power generation, you can see that going really, really quickly. This is what the head of company search at the Carbon Tracker Initiative told Bloomberg this month in comments on the future of natural gas in Europe, as news outlet reported that some large European utilities are having trouble finding buyers for their gas-fired plants. The report cites Spanish Iberdrola as struggling to find buyers for gas plants. It also cites Italys Enel as planning to add more gas-fired
During a difficult 2020, Brazils hydrocarbon sector demonstrated its resilience in the face of a price crash and the COVID-19 pandemic. Even those events along with heightened geopolitical risks and domestic instability did little to curb Brazils oil boom. For 2020, Brazils overall hydrocarbon output (Portuguese) rose 5.5% year over year to a record 3.7 million barrels of oil equivalent daily. This, according to Brazils hydrocarbon regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANH Portuguese
Artificial intelligence, the cloud, robots – these are concepts and products we associate with the IT industry. But there is one notoriously traditional, slow to innovate industry that is now determined to make it part of their sector too. Oilfield service providers are looking to digital technology to help them weather the effects of the pandemic-induced sector crisis. In the process, tech may even make them more profitable. Its all about profitability, really. The pandemic will end sooner or later, and the world will return to something
What a difference a year makes! It might sound like a clich, but the oil market that was turned on its head last April by a confluence of unexpected Black Swan events is trending higher alongside a rosy outlook for the U.S. economy. Along the way, the market structure for domestic and global crude oil turned from a yawning contango to backwardation, while the consortium of oil producers including the Organization of Petroleum Exporting Countries, Russia and nine additional countries, also known as OPEC+ are unwinding production cuts,
The American Petroleum Institute (API) on Tuesday reported a build in crude oil inventories of 436,000 barrels for the week ending April 16. Analysts had predicted a draw of 2.860 million barrels for the week. In the previous week, the API reported a draw in oil inventories of 3.608 million barrels after analysts had predicted a draw of 2.889-million barrels. Plains All American tanks at main Cushing areaas of April 16. Oil prices were trading down on the day prior to the data release on demand fears, sparked by a rise in the number of Covid-19
Dogecoin is ridiculous, and thats the whole point. The cryptocurrency that started out as a joke is now a meme come to very lucrative life, with nearly $50 billion worth of dogecoins in circulation today. In fact, the quirky cryptocurrency is red hot, and its value has skyrocketed more than 6,000% this year, making it the fifth most valuable cryptocurrency in the world. The joke started on December 6, 2013, when a pair of software engineers decided to lampoon bitcoin, which keeps itself and its creator shrouded in mystery and takes
Higher-end retailers are taking unprecedented steps to bring the consumer experience to homes, according to Loup Ventures’ Gene Munster.
Nasdaq futures were under some pressure Wednesday as Netflix shares dropped more than 9% in the premarket.
Maserati is more than 100 years old. Once a great Italian brand, it’s road to success has been rocky. But it could be a crown jewel of Stellantis.
Summer is coming, and Americans are itching to go on vacation. Here’s a look at the top 10 most popular destinations, and another 11 emerging ones to watch.
L’Oreal’s new South Asia Pacific and Middle East market will account for majority of its new business in the coming decade, with men making up a big part of it.
Plans for a breakaway elite soccer league in Europe have already unraveled.
American said it will join United Airlines in resuming pilot hiring this year.
A public dispute with a federal agency over safety concerns threatens to tarnish the community that Peloton has built.
Vacasa, which helps hosts not only list but manage their rental homes, is thinking about becoming a publicly traded stock, multiple sources told CNBC.
These are the stocks posting the largest moves after the bell on Tuesday, April 20.
Target CEO Brian Cornell’s speaking event was postponed as the nation awaits the Chauvin verdict. The retailer is based in Minneapolis, where George Floyd died.
Chelsea and Manchester City will leave the proposed Super League.
A look at recent trademark filings by the Kobe Bryant estate shows something bigger may be in the works.
Putin’sÂ KeyÂ State-Of-The-Nation Address: “Swift & Tough” Response Coming For Those Crossing ‘Red Line’
Putin’sÂ KeyÂ State-Of-The-Nation Address: “Swift & Tough” Response Coming For Those Crossing ‘Red Line’
Russian President Vladimir Putin on Wednesday gave hisÂ 17th annual state-of-the-nation address to a joint session of the Russian parliament in Moscow, which is arguably his most important given the number of different crises the country faces both at home and abroad.Â
Not only does a ‘new Ukraine conflict’ loom amid mounting international pressure for Russia to reduce its forces in Crimea and near the border with eastern Ukraine, but hunger-striking Kremlin critic Alexei Navalny’s supporters are planning widespread protests Wednesday. Putin’s address further comes days after Biden’s sanctions rollout targeting the Kremlin as well as select Russian companies and government entities last Thursday. Moscow is further trying to get the coronavirus pandemic under control, as it also faces geopolitical roadblocks in efforts to export its Sputnik V vaccine more broadly, and a continued weakening ruble and economy at home.Â
Putin introduced first that he would focus domestic issues, but would leaveÂ “just a few words about security issues.”Â While he didn’t unveilÂ any major moves in relation to heÂ Ukraine or Belarus situations in his speech, he did have some interesting things to say about attempts to “organize a coup in Belarus” – which is something “the West is silent on…”.
The New York T …
Coinbase Stock Slides After Deutsche Boerse De-Lists Crypto Exchange
Deutsche Boerse said on Wednesday it would de-list the shares of cryptocurrency exchange Coinbase Global from its Xetra trading system and the Frankfurt stock exchange by end of Friday’s trading session.
The reaction in COIN is clearly sell first, think later…
As Reuters reports, when Coinbase trading started at Deutsche Boerse’s platforms, a wrong reference code – a so-called LEI code – was used by mistake, Deutsche Boerse said.
It was not clear whose mistake it was, but reading the brief vacuous statement from …
Columbus Police Release Body Cam Footage Showing Fatal Shooting Of Teen Girl
Yesterday’s guilty verdicts in the George Floyd murder case will almost certainly send former Minneapolis Officer Derek Chauvin to prison for the rest of his life once the sentence is finally handed down next month. But already more police shootings are capturing the nation’s attention.
Roughly one week after the Civilian Office of Police Accountability of Chicago released body camera footage depicting the shooting of 13-year-old Adam Toledo, sparking national outrage, footage of yet another police shooting of a teenager has just been released.
Columbus police on Tuesday night released bodycam footage showing an officer’s fatal shooting of a 16-year-old girl earlier in the day. Police have not identified the teen, but family members told 10TV she was Ma’Khia Bryant. Bryant’s aunt told The Columbus Dispatch that Bryant lived on the block at a foster home.
In a social media post, Bryant’s mother described her daughter as a “peaceful, loving little girl” who had a “motherly nature about her” and “promoted peace.”
S&P Futures Reverse Overnight Losses; Netflix Plunge Weighs On Nasdaq
S&P futures were little changed, paring earlier declines with the Nasdaq underperforming following dismal Netflix guidance after the company reported its worst quarter in 8 years, sending the stock 8% lower.Â At 7:00a.m. ET, Dow e-minis were up 13 points, or 0.04%, S&P 500 e-minis were up 0.50 points, or 0.01%, and Nasdaq 100 e-minis were down 27 points, or 0.20%.
Nasdaq futures edged lower on Wednesday as Netflix kicked off quarterly earnings for technology behemoths with a disappointing report which barely saw any subscriber growth in Q2, while concerns about a surge in global coronavirus cases hit demand for equities. Netflix tumbled 8.1% in premarket trading after its report showed slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter.
œMarkets remain very much caught between the rock of improving macroeconomic conditions and the treacherous waters of geopolitical risks and alarmin …
UK property transactions in March hit the highest monthly level since modern records began in 2005.
The cost of living rose to 0.7% in March, from 0.4% in February, as fuel, transport and clothes prices increased.
The owner of the MailOnline site alleges the search engine has hidden links to its coverage on certain topics.
Arguing that the most battered stocks, and smallcaps and midcaps are going to give biggest returns from here on, the ace investor said: “It’s not going to be the HDFCs and the Titans and the most favoured stocks. It is the battered and cyclical stocks which will give the best returns over the next 4-5 years.”
In the SME segment, there were 5 IPOs in the first quarter of this year versus 11 and 9 IPOs in the first quarter of 2020 and fourth quarter of last year, respectively. This represents a decrease of 55 per cent compared to Q1 2020 and a decline of 44 per cent compared to Q4 2020.
So far China has mostly resisted hitting foreign firms in response to U.S. actions on companies like Huawei, holding off on releasing an œunreliable entity list designed to punish anyone who damages national security. Any move to cut off access to the digital yuan would carry similarly high stakes, potentially prompting foreign investors to pack up and leave.
Written by Steven Hansen
Headline data for the CASS Freight Index show that truck volumes show volumes improved month-over-month – and the year-over-year growth is now in double digits. In the opposite corner, the American Trucking Association (ATA) index declined and is in contraction year-over-year.
U.S. Treasury yields edged higher on early Wednesday’s trade, but largely clung to the floor of its recent trading range ahead of an auction for 20-year government bonds.
An increase in the military budget won’t make us safer or more prosperous.
President Biden will pledge to cut U.S. greenhouse gas emissions at least in half by 2030, according to reports Tuesday, a vow anticipated among climate-policy watchers and one those advocates consider a crucial sign of a U.S. commitment as the White House leads an Earth Day summit for 40 world leaders.
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