U.S. crude oil rose nearly 3% on Monday, as the market waited for Israel to strike Iran.Oil prices spiked last week on fears that Israel could hit the Iran’s oil industry in retaliation for Tehran’s ballistic missile attack.U.S benchmark West Texas Intermediate surged 9.09% last week for the biggest weekly gain since March 2023. Global benchmark Brent jumped 8.43% for the biggest weekly advance since January 2023.Here are Monday’s energy prices:West Texas Intermediate November contract: $76.44 per barrel, up $2.06, or 2.77%.Brent December contract: $79.91 per barrel, $1.86, or 2.38%.President Joe Biden on Friday discouraged Israel from striking Iranian oil facilities,…
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US stock futures retreated on Monday as investors overhauled their views on interest-rate cuts after a blowout jobs report, ahead of a week of key inflation data and the start of earnings season.Dow Jones Industrial Average futures (YM=F) fell 0.4%, after notching a fresh record high as stocks soared to close the week. S&P 500 futures (ES=F) shed roughly 0.5%, while contracts on the tech-heavy Nasdaq 100 (NQ=F) led the losses with a 0.6% drop.Hopes for an outsized rate cut from the Federal Reserve have melted away after a better-than-expected September jobs report dispelled concerns about cracks in the labor…
Image source: Getty Images Cheap dividend stocks abound in the UK market but not all of them are necessarily great buys. Lately, I’ve been running the rule on two companies I used to hold and wondering whether their low prices tags and bumper income make them worth adding back to my Stocks and Shares ISA. Huge yield I lost faith in Broadcaster ITV (LSE: ITV) a few years ago. To date, it was a wise decision to sell. The FTSE 250 member’s share price has been stuck between 60p and 80p for about two-and-a-half years. I do miss the passive…
VORONEZH, Russia (Reuters) – A Russian court on Monday sentenced U.S. citizen and ex-Marine Robert Gilman to seven years and one month in prison for assaulting a prison official and a state investigator, the local prosecutor’s office said. Gilman, 30, is already serving a 3-1/2-year sentence for attacking a police officer while drunk, a charge he was convicted of in October 2022. Prosecutors in Voronezh, a city about 300 miles (500 km) south of Moscow where Gilman is incarcerated, said he had attacked a prison employee and a state investigator on separate occasions in the autumn of 2023. Reuters was…
Image source: Getty Images The BT (LSE: BT) share price has had a barnstorming year, rising 27.76% over the last 12 months. But it has a long way to go. The shares are still down 18.1% over five years. At one point, BT shares had lost more than 75% of their value. That brought out bargain seekers, while scaring others away. I watched from the sidelines, deciding it was too risky for me. And I’m still watching. There’s finally some light at the end of what has been a long, dark tunnel for BT. Is now the time to buy?…
Middle Eastern traders will soon be able to invest in Hong Kong stocks via two exchange-traded funds (ETFs) tracking benchmarks in the city once they are listed on the Saudi stock exchange at the end of this month.Financial Secretary Paul Chan Mo-po will lead a delegation comprising scores of local regulators and financiers to the FII conference in Riyadh and to mark the launch of the ETFs, according to Julia Leung Fung-yee, CEO of the Securities and Futures Commission (SFC).”The two ETFs tracking Hong Kong stocks to be listed in the Saudi Stock Exchange will mark an important milestone in…
Partnership With Its Ignite Division Is Expected to Drive Significant Digital GrowthPURCHASE, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) — Townsquare Media, Inc. (NYSE: NYSE:) (Townsquare or the Company), a leader in digital advertising and marketing solutions focused on markets outside of the Top 50 in the United States, announced today a strategic digital advertising partnership with SummitMedia, LLC, a prominent media company with a market-leading presence in nine U.S. cities (including Birmingham, AL; Greenville, SC; Honolulu, HI; Knoxville, TN; Louisville, KY; Omaha, NE; Richmond, VA; Springfield, MO; and Wichita, KS) that do not overlap with Townsquare’s market footprint. Townsquare’s Ignite…
Image source: Getty Images The beginning of each month provides me with cash, some of which I try to use to invest in the stock market. Given the chatter last week about the potential for faster interest rate cuts here in the UK, I’m keen to try and make my money work harder via purchasing some dividend shares. With £300, here are a couple I’m trying to decide between. An alternative banking choice The first stock I’m thinking about is Paragon Banking Group (LSE:PAG). The bank’s an alternative to the major FTSE 100 household names, although this isn’t a small…
On Monday, B.Riley initiated coverage on Royalty Corp (NASDAQ:UROY), a company specializing in uranium royalties, with a Buy rating and set a price target of $3.50. The firm highlighted the company’s robust portfolio, which includes 22 royalties on 19 assets, featuring prominent uranium sites such as Cigar Lake and McArthur River. Uranium Royalty Corp currently has three of its assets in commercial production, but B.Riley anticipates significant growth for the company. According to their analysis, about half of Uranium Royalty’s portfolio is expected to generate royalties within the next five years, with a projection of 73% becoming payable within a…
ChatGPT and other natural language processing (NLP) chatbots have democratized access to powerful large language models (LLMs), delivering tools that facilitate more sophisticated investment techniques and scalability. This is changing how we think about investing and reshaping roles in the investment profession. I sat down with Brian Pisaneschi, CFA, senior investment data scientist at CFA Institute, to discuss his recent report, which provides investment professionals the necessary comfort to start building LLMs in the open-source community. The report will appeal to portfolio managers and analysts who want to learn more about alternative and unstructured data and how to apply machine…