Crude oil futures fell more than 4% on Tuesday, as a looming global oil surplus next year overshadowed the risk of a supply disruption from the conflict between Israel and Iran.Oil prices spiked earlier this month after Iran hit Israel with a ballistic missile attack, raising fears that Israel would respond by targeting the Islamic Republic’s oil facilities.The International Energy Agency said Tuesday that its members are prepared to take action if there is a supply disruption in the Middle East.”For now, supply keeps flowing, and in the absence of a major disruption, the market is faced with a sizeable…
Author: usaeverydaylife
A number of negative catalysts are set to drive shares of Etsy lower, according to Goldman Sachs. Analyst Eric Sheridan downgraded the e-commerce stock to sell from neutral and slashed his price target by $25 to $45, which implies more than 9% downside from Monday’s close. The stock fell more than 4% in the premarket following the call. Shares have had a tough year, losing nearly 39%. But Sheridan sees further losses ahead thanks to an “unfavorable” risk-reward profile. “While Street estimates (and our own modeling) seek to reflect more normalized growth levels in a better backdrop for discretionary consumer…
Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | ReutersBank of America is scheduled to report third-quarter earnings before the opening bell Tuesday.Here’s what Wall Street expects:Earnings: 77 cents a share, according to LSEGRevenue: $25.3 billion, according to LSEGNet Interest Income: $14.06 billion, FTE basis, according to StreetAccountTrading Revenue: Fixed income of $2.74 billion, Equities of $1.81 billion, according to StreetAccountHow quickly will Bank of America benefit from falling interest rates?That’s a…
The Oura Ring 4.Courtesy: OuraAfter two weeks of wearing the Oura Ring 4, the smart ring gave me a better understanding of how my sleep, stress and exercise influence how I feel in my day-to-day life. The Oura Ring 4 began shipping to customers and became available in retail stores on Tuesday, and it’s an impressive option for those looking for a sleek and comfortable way to learn more about their bodies and make healthier choices. The smart ring offers more accurate sensors, a more comfortable design and longer battery life than its predecessor. The gadget is available in 12 sizes and…
Smoke rises after North Korea blows up sections of inter-Korean roads on its side of the border between the two Koreas, according to South Korea’s military, as seen from the South Korean side, October 15, 2024, in this screen grab from a handout video.South Korean Defense MinistryNorth Korea has blown up sections of inter-Korean roads and rail lines on its side of the heavily fortified border between the two Koreas, South Korea’s military said on Tuesday, ratcheting up tensions on the Korean peninsula.At around midday, some northern parts of the roads and rail lines connected to the South were blown up, the Joint Chiefs of Staff said in a message sent to media.In response, South Korea’s military fired warning shots south of the military demarcation line dividing…
In Japan’s biggest initial public offering in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company’s regulatory filing on Tuesday.Miho Uranaka | ReutersTokyo Metro’s initial public offering could drive momentum in the Japanese market and attract more companies into the country, analysts said, as China continues to lose steam.In Japan’s biggest IPO in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company’s regulatory filing on Tuesday.Reuters had reported, citing two sources familiar with the…
Jasper Juinen | Bloomberg | Getty ImagesThe Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan.Shares of the Dutch bank traded 1.2% lower at the market open and was last down 0.6% as of 9:15 a.m. London time.The Dutch government, which currently holds a 40.5% interest in ABN Amro, announced via its investment vehicle firm NLFI that it will sell shares using a pre-arranged trading plan set to be executed by Barclays Bank Ireland.ABN Amro was bailed out by the state during the 2008 financial crisis…
Cristina Arias | Cover | Getty ImagesShares of Swedish telecom firm Ericsson jumped amid third-quarter core earnings that surpassed analyst expectations and growth in North American demand.The company’s stock had edged up near 9% at 8:28 a.m. London time, before lightly paring gains to 7% at 9:00 a.m.Ericsson on Tuesday declared adjusted third-quarter earnings, excluding impairments, of 7.327 billion Swedish crowns ($0.7 billion), compared with 3.9 billion Swedish crowns in the same period of last year and exceeding the 5.75 billion crown mean forecast of analysts cited by Reuters.Net sales shed 4% year-on-year to 61.8 billion Swedish crowns in the…
Carly Rowena, a 37-year-old fitness instructor, was tricked into sending £5 716.60 worth of digital assets to a scammer who promised her sizable returns on her crypto.Carly RowenaCarly Rowena, a British fitness and wellness influencer, is embarrassed as she recalls being duped into handing over £5,700 ($7,450) worth of cryptocurrency in a scam.”I was like, it was too good to be true, and I still fell for it,” she told CNBC Make It.Rowena transferred the crypto to an Instagram account she believed belonged to a finance professional managing investments for a friend. But after discovering that her friend’s account had…
As CEO of one of the world’s largest industrial conglomerates, Honeywell’s Vimal Kapur doesn’t think about AI like most individuals. It’s not about the threatened office worker. “There is always a trend which makes your skills obsolete, every five years,” Kapur said at the recent CNBC Evolve: AI Opportunity Summit in New York City. “The churn in white collar is a continuous evolution.” And he said it’s not about the cool features that can be offered to the consumer, who “gets excited by the writing of a resume or restaurant recommendation.” The biggest problems AI can solve at Honeywell start…
