On Tuesday, the price of lean hogs plummeted following forecasts of increased swine production and exports in Brazil for 2024. The Chicago Mercantile Exchange (CME) lean hog futures for February delivery shed -2.87% to ¢69.30 per pound on December 27. Furthermore, industry watchers expect a further decline of 0.39% to ¢69.03 a pound in the …
Lead Hogs Tumble After Brazil’s Positive 2024 Output Outlook Read More »
Sources indicate ExxonMobil is negotiating the acquisition of Pioneer Natural Resources, potentially marking the oil giant’s largest buyout in 24 years. ExxonMobil: Expansion Plans Exxon boasts a market capitalization of $50 billion and status as Texas’ top crude oil producer. The giant is exploring acquisitions to boost production following substantial quarterly profits, as reported by …
ExxonMobil In Negotiations to Take Over Pioneer NR Read More »
US banking giant Citigroup Inc. reportedly faces delays with establishing its wholly-owned investment bank in China, citing challenges in meeting the country’s data laws. People familiar with the matter said the company now expects the earliest it will be able to launch its Chinese securities business to be around the end of next year. New …
Citigroup Faces Delays with China Investment Bank: Report Read More »
US President Joe Biden’s administration is reportedly seen supporting the ethanol industry with the about-to-be revised methodology in aid to firms attempting to claim tax credits for sustainable aviation fuel (SAF). The US government had a months-long division over whether to accept the Department of Energy’s (DOE) Green House Gases, Regulated Emissions, and Energy Use …
Biden Set to Support Ethanol Makers on SAF Credits: Reports Read More »
US stocks ended Thursday’s session positively, driven by gains in consumer services, healthcare, and financial sectors. The Dow closed 0.53% higher at $35,273.03, hitting a fresh three-month high, and the S&P 500 rose by 0.41% to $4,556.62. The Nasdaq Composite index also climbed by 0.46% to $14,256.86. The Dow Jones’ best performers were 3M Co., …
US Stocks Higher at Close amid Thanksgiving Holiday Read More »
Today, the Australian financial markets regulator announced that seven different issuers of contracts for difference (CFDs) have compensated retail clients with a total of AU$4.3 million. This refund, dating back to March 2021, is due to CFDs issued with a leverage ratio above the acceptable level. Capital.com, CMC Markets, Eightcap, IG, Pepperstone, Saxo Markets, and …
Brokers Refund AU$4.3M Over Leverage Rules Breach Read More »
FTX Founder’s Legal Odyssey Unveils Intricacies of Crypto Empire The legal odyssey surrounding FTX founder Sam Bankman-Fried reached a crescendo as he resumed testimony, offering a revealing look into the internal dynamics, financial complexities, and interpersonal intricacies that contributed to the downfall of his crypto empire. Bankman-Fried’s finger-pointing at former associates underscores the challenges of …
Gold prices held hefty despite two-day losses as traders focused on US economic data and Middle East geopolitical conflicts. On Wednesday, Gold futures for the December contract declined by 0.15% to $1,983.05, while spot gold rose by 0.5% to $1,972.21. Furthermore, data shows the yellow metal surged about 9% in the last two weeks, hitting …
Gold Prices Dwindle amid Mideast War and US Economic Data Read More »
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