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Crude Oil Sep 26 (CLU26.NYM)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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70.50+1.69 (+2.46%)
As of 09:47AM EDT. Market open.
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  • Yahoo Finance Video

    US GDP, retail earnings, CEO talks demand: Morning Brief

    Stocks (^DJI, ^IXIC, ^GSPC) are on the path to open the Thursday session amidst Wall Street's outlook on the Federal Reserve's monetary policy and slowing growth in US GDP (Gross Domestic Product). CFRA Research Chief Investment Strategist Sam Stovall sits down with Morning Brief Hosts Seana Smith and Brad Smith, diving into whether interest rates matter more to markets than Friday's Personal Consumption Expenditures (PCE) print. Loop Capital Markets Managing Director Anthony Chukumba weighs in on the state of the US consumer by analyzing retail earnings out from discount store Dollar General (DG) and electronics outlet Best Buy (BBY). Other top stocks trending on recent earnings results include Salesforce (CRM), Foot Locker (FL), Kohl's (KSS), and Okta (OKTA). (AI) Founder, Chairman and CEO Tom Siebel also joins the show to discuss the artificial intelligence developer's fiscal fourth-quarter earnings and the use cases pushing AI demand. This post was written by Luke Carberry Mogan.

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    Major energy M&A deals, the market's momentum: Morning Brief

    How are the major market averages (^DJI, ^IXIC, ^GSPC) feeling this morning after the Nasdaq's big climb above 17,000 on Tuesday? Yahoo Finance's The Morning Brief is here to help investors start their trading day off right as hosts Seana Smith and Brad Smith walk you through the top stories and market trends. Hess Corp. (HES) shareholders approved the $53 billion buyout deal with Chevron (CVX). In other energy M&A news, ConocoPhillips (COP) is set to acquire Marathon Oil (MRO) in an all-stock deal valued at $17.1 billion. Tortoise Portfolio Manager Rob Thummel told Yahoo Finance that this deal came as a total "surprise." Lastly, platinum miner Anglo American (NGLOY, AAL.L) rejected BHP Group's (BHP) bid to extend their merger deadline. Russell Investments President and Chief Investment Officer Kate El-Hillow sits down with the team in-studio to discuss the market's momentum trade and the strength of this earnings season's fundamentals. This post was written by Luke Carberry Mogan.

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    US gas prices may drop to $3 or less by November: Analyst

    Oil prices are set for a weekly loss amid lingering concerns surrounding future fuel demand. OPIS Global Head of Energy Analysis Tom Kloza joins Catalysts to discuss the next OPEC+ gathering and macro trends in the energy industry. Kloza notes that the consensus view of the June OPEC+ meeting is that the organization will roll over production cuts through another quarter or the end of the year. He adds that OPEC+ must take this action because the oil market has become "sloppy," with too much oil supply impacting gasoline demand.  Gas prices have dropped by as much as a dollar per gallon in the last 40 days, but retailers haven't necessarily passed those savings along, Kloza adds. Oil and gas prices may also surge by August, given greater hurricane threats in the Gulf of Mexico. However, in the last quarter of the year, Kloza projects that gas prices may drop to $3 or less per gallon in most parts of the US. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This article was written by Gabriel Roy