May 5, 2025
Despite falling prices, OPEC+ agrees another accelerated oil output hike for June
OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels per day, the group said on Saturday, despite falling prices and expectations of weaker demand. The Oil-Dollar pair dropped 0.8% in the last session after rising as much as 2.3% during the session. The Ultimate […]
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May 5, 2025
Buffett to step down as Berkshire CEO – After 60 years at helm
Warren Buffett is ending his career as perhaps the world’s most famous and revered investor, saying he will step down as chief executive of Berkshire Hathaway at the end of 2025, and hand over the reins to Vice Chairman Greg Abel.
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May 5, 2025
All eyes on Fed – Fed outlook in focus as US stocks rally picks up steam
The Federal Reserve meeting in the coming week is set to test the U.S. stock market’s sharp rebound, with investors hoping the central bank is poised to resume lowering interest rates in the months ahead. Fed Meeting This Wednesday – No rate cut expected — but the market’s ready to move. 📌 Rates likely to […]
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May 2, 2025
Stocks close sharply higher, lifted by Microsoft, Meta earnings
U.S. stocks rallied, with the Dow and S&P 500 posting their eighth straight session of gains after strong results from megacaps Microsoft and Meta eased concerns about artificial intelligence spending.
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May 2, 2025
Amazon forecasts quarterly revenue above estimates, cloud growth lags
Amazon.com forecast second-quarter revenue largely above estimates, in a reassuring sign the e-commerce giant would navigate tariff-related uncertainty, but growth in its closely watched cloud unit lagged.
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May 2, 2025
US manufacturing sectors slump deepens in April as PMI drops to 5-month low
U.S. manufacturing contracted further in April while tariffs on imported goods were straining supply chains, keeping prices paid for inputs elevated. Manufacturing PMI dropped to a five-month low of 48.7 last month.
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