The significance of OPEC+ in the global oil market cannot be understated, as the alliance accounts for approximately 40% of the world’s crude oil production.
OPEC+ will continue with its plan to cut down on production and reduce supply, but did not change its target notwithstanding further cuts.
Payrolls rose 339,000 in May, exceeding expectations and indicating a resilient labor market.
The debt ceiling bill’s approval provided even another reason for the positive rally in stock futures.
The Asia-Pacific markets displayed a positive trend, with gains observed in South Korea, Japan, mainland China, and Australia.
Stocks in Europe and Asia have risen in response to the debt ceiling increase approved by lawmakers in the US.
The Senate has sent an approved bill to President Biden, allowing the government to borrow without a debt ceiling for nearly 2 years.
For the second quarter, Lululemon Athletica expects to report net revenue of between $2.140 billion and $2.170 billion, thereby representing growth of approximately 15 percent.
The partnership between GameStop and Telos Foundation will attract new users by leveling Web3 barriers preventing widespread adoption.
Compared to Quest 2, the new Meta Quest 3 comes with a 49 percent slimmer optic profile, thus a more comfortable headset for users.
Macy’s noted that Nike will return to its stores, starting from October this year.
Inflation in the Euro zone has fallen to 6.1% as individual countries are also recording reductions. However, Lagarde plans more rate hikes.
Laurence Fink described the debt ceiling deliberations as bad for the dollar as the Blackrock CEO predicts further interest rate hikes.
Despite weakening sales, Nordstrom managed to beat street expectations. The JWM stock price surged by 8% in the pre-market trading on Thursday.
Although Salesforce raised its earnings forecast for FY24, the revenue prediction remains intact.