Month: October 2024

Oil falls 5% on reduced risk of wider Middle East war

HOUSTON, Oct 28 (Reuters) – Oil prices tumbled by around $4 a barrel on Monday after Israel’s retaliatory strike against Iran’s military on Saturday bypassed oil and nuclear facilities, not disrupting energy supplies. Brent futures were down $4.20, or 5.52%, at $71.83 a barrel at 11:37 a.m. CDT (1637 GMT), while WTI U.S. crude futures lost $4.08, …

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Wall Street rises ahead of megacap earnings, presidential election

Oct 28 (Reuters) – Wall Street rose on Monday ahead of a packed week of earnings from megacap companies and the final stretch before the Nov. 5 election, while sentiment also improved after energy supplies were not disrupted by weekend developments in the Middle East. Israel’s response over the weekend to an Iranian missile attack this …

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UnitedHealth forecasts 2025 profit below Street estimates, shares fall

Oct 15 (Reuters) – UnitedHealth Group (UNH.N), provided a 2025 profit forecast below Wall Street estimates on Tuesday as it expects pressure across its government-supported health insurance businesses, and its shares fell 8%. The largest U.S. health insurer forecast a profit of as much as $30 per share. That upper end was below analysts’ estimates of $31.18 …

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US stocks slide after deluge of quarterly corporate earnings

Investing.com– U.S. stocks fell Tuesday as investors digested a series of quarterly corporate earnings, with the banking sector in the spotlight.  At 11:55 ET (15:55 GMT), the Dow Jones Industrial Average fell 161 points, or 0.4%, while the S&P 500 index traded 27 points, or 0.5%, lower and the NASDAQ Composite fell 177 points, or 1%.  Bank earnings in spotlight  Investor focus was …

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Why bitcoin could be more valuable when global financial volatility strikes

Bitcoin’s role as a payment system and alternative currency was the focus of a recent conversation between Roundtable anchor, Rob Nelson, and Ari Pine, Co-Head of Digital Exotics at BlockFills. The discussion explored bitcoin’s advantages over traditional finance (TradFi) and why people might consider moving into the cryptocurrency space. Pine highlighted bitcoin’s utility as a decentralized …

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Google to buy power for AI needs from small modular nuclear reactor company Kairos

By Timothy Gardner WASHINGTON (Reuters) -Alphabet’s Google said on Monday it signed the world’s first corporate agreement to buy power from multiple small modular reactors to meet electricity demand for artificial intelligence. The technology company’s agreement with Kairos Power aims to bring Kairos’ first small modular reactor online by 2030, followed by additional deployments through …

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TD a ‘ways off’ from being an attractive investment following charges: portfolio manager

BNN Bloomberg One portfolio manager says Toronto Dominion Bank is still far away from being an attractive investment opportunity after the lender pleaded guilty to failing to prevent money laundering by criminals in the U.S. Bloomberg News reported Thursday that two of the bank’s U.S. units entered guilty pleas to charges before a U.S. federal judge …

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