(Bloomberg) -- Pakistan’s small textile mills, which make products ranging from bedsheets to towels mainly for consumers in the US and Europe, are starting to shut after devastating floods wiped out its cotton crop.Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Slumps as Deliveries Disappoint Due to Logistic SnarlsOPEC+ to Consider Output Cut of More Than 1 Million BarrelsUkraine Latest: Zelenskiy Says Lyman ‘Fully Cleared’ of RussiansGet Ready for Anoth
Tesla shares falter following lackluster deliveries, lukewarm AI Day reception
Tesla shares are getting hammered after weaker-than-expected third-quarter delivery numbers. The reason isn't 'cars in transit.'
Former President Donald Trump on Monday sued CNN, seeking $475 million in damages, saying the network had defamed him in an effort to short-circuit any future political campaign.
California has pretty much always paid much more than the nation for gasoline at the pump, in part due to higher taxes and a more expensive blend of fuel, but an average price that's nearly 70% more than just about everyone else in the U.S. is a bit extreme.
Patrick De Haan, GasBuddy Head of Petroleum Analysis, joins Yahoo Finance Live to discuss average gas prices for Americans, elevated prices in California, Florida's gas supply after Hurricane Ian, and OPEC+ production goals.
Carriers focus on challenges in planning their networks and increasing flights as plane makers juggle supply-chain, other constraints.
Tesla (TSLA) stock could get a lift from ESG asset managers — if only they could agree on the company's status.
OPEC’s meeting this week takes place against a gloomy background: A global economic meltdown has caused oil prices to fall even as Russia’s war against Ukraine has made supplies more uncertain than ever. Oil prices rose on Monday, with Brent crude climbing to nearly $89 per barrel. Shares of oil companies also rose, with the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund (ticker: XOP) up 7%.
(Bloomberg) -- The Biden administration plans to announce new restrictions on China’s access to U.S. semiconductor technology, according to people with knowledge of the situation, an escalation of Washington’s efforts to stifle Beijing’s industrial ambitions and a risk to growth for the $550 billion sector.Most Read from BloombergElon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ PlanTrump Asks to Push Special Master Appeal Hearing to JanuaryNorth Korea Fires Missile Over Japan for Fir
Shares of large-cap oil and gas producers Chevron (NYSE: CVX), Occidental Petroleum (NYSE: OXY), and Devon Energy (NYSE: DVN) were in rally mode today, up 5%, 5.4%, and 7.9%, respectively, as of 11:24 a.m. ET. While many stocks were higher today, oil and gas stocks were particularly strong ahead of the upcoming OPEC+ meeting this week. Over the weekend, The Wall Street Journal reported OPEC+ participants would discuss production cuts at the upcoming meeting to offset falling prices, with the potential for a surprisingly large cut in the offing.
The company also reiterated its full-year production target of 25,000 vehicles, sending shares up 9% in post-market trade. The Amazon.com Inc-backed electric vehicle company produced 4,401 and delivered 4,467 vehicles in the preceding quarter. Rivian's rival and the world's most valuable automaker Tesla Inc missed market expectations for deliveries in the third quarter.
Lincoln Police Officers said in a post that that “responded to a 911 call from an iPhone recording indicating the owner of the phone was in a severe crash and was not responding to their phone.”
The JD.com founder’s trial, in a civil suit brought by a student who said he raped her in 2018, was set to begin this week.
Oil stocks were gaining broadly today as the stock market jumped to start the fourth quarter, and as the price of oil rose on signs that OPEC+, which includes Russia, may cut its daily production. Crude oil futures rose 5% on the day, and Treasury yields were down sharply in response to the U.K.'s plan to reverse a tax cut and on news that Credit Suisse's financial health could be in doubt. With the 10-year Treasury yield falling 4%, stock prices soared as falling yields tend to be bullish for stock prices, especially as investors have been nervous about rising interest rates.
On Monday, the U.S. Supreme Court refused to hear Apple's (NASDAQ: AAPL) appeal of a lower court ruling on the company's patent infringement dispute with Qualcomm. As Apple has no higher court to turn to, the case is effectively dead in the water. The suit -- filed in a federal court in California, the home of both businesses -- alleged that Apple infringed a set of Qualcomm patents with its iPhones, iPads, and Apple Watches.
SINGAPORE (Reuters) -Oil prices edged higher on Tuesday as expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday offset concerns about the global economy. Brent crude futures rose 46 cents, or 0.5%, to $89.32 per barrel by 0629 GMT after gaining more than 4% in the previous session. The benchmark gained more than 5% in the previous session, its largest daily gain since May.
The Supreme Court refused to hear Apple's bid to cancel three Qualcomm smartphone patents, part of a dispute that originated back in 2017.
(Bloomberg) -- Australia is poised to grab a fifth of the world’s lithium hydroxide refining capacity within five years as demand grows for battery metals that bypass China, Canberra said in a report.Most Read from BloombergElon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ PlanTrump Asks to Push Special Master Appeal Hearing to JanuaryNorth Korea Fires Missile Over Japan for First Time Since 2017Credit Suisse Turmoil Deepens With Record Stock, CDS LevelsStocks Rise From the Ashes in B
(Bloomberg) -- The European market for Russia’s seaborne crude is drying up as sanctions draw nearer, and the country’s Asian customers aren’t picking up the slack like they once were. Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsCredit Suisse Market Turmoil Heightens After Memo BackfiresS&P 500 Jumps 3% After Washout as Bond Yields Sink: Markets WrapTesla Falls Most Since June as Quarterly Deliveries DisappointKim Kardashian to Pay $1.3 Million to SEC for C