Oil stabilizes after choppy trade, U.S. says export ban not ruled out

A maze of crude oil pipes and valves are pictured during a Department of Energy visit to the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Join now for FREE unlimited access to Reuters.com Register Washington hasn’t ruled out export curbs to drive down fuel prices Beijing steps up COVID quarantine … Read more

S&P 500 and Nasdaq slip as weak economic data and bleak outlook stoke recession fears

Snap Inc collapses, profit fears hit rival social networks Abercrombie & Fitch slumps after downgrading revenue outlook Indices: Dow up 0.15%, S&P down 0.81%, Nasdaq down 2.35% NEW YORK, May 24 (Reuters) – The S&P 500 and Nasdaq ended in the red on Tuesday on fears that aggressive measures to curb inflation, which has been … Read more

Stocks tumble on growth worries, bond yields fall

Stocks slide on bearish earnings and economic data China talks about stimulus, but the economic damage is already done Euro close to 4-week high as Lagarde announces July rate hike NEW YORK/LONDON, May 24 (Reuters) – Stocks fell around the world on Tuesday as supply chain issues and soaring costs hurt corporate profits and slowed … Read more

Wall Street rallies behind big tech and banks

Upbeat outlook for JPMorgan Chase interest income boosts banks Broadcom shares fall following potential VMware takeover Indices up: Dow 1.98%, S&P 1.86%, Nasdaq 1.59% NEW YORK, May 23 (Reuters) – U.S. stocks ended higher on Monday as bank gains and a rebound in market-leading tech stocks supported a broad-based rally after Wall Street’s longest streak … Read more

Oil gains on tight bid as US driving season nears

A maze of crude oil pipes and valves are pictured during a Department of Energy visit to the Strategic Petroleum Reserve in Freeport, Texas, U.S., June 9, 2016. REUTERS/Richard Carson/File Photo Join now for FREE unlimited access to Reuters.com Register LONDON, May 23 (Reuters) – Oil prices rose slightly on Monday, buoyed by U.S. fuel … Read more

Broadcom in talks to buy VMware

May 22 (Reuters) – Chipmaker Broadcom Inc (AVGO.O) is in talks to acquire cloud services provider VMware Inc (VMW.N), people familiar with the matter have told Reuters. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The terms of the deal being discussed could not be learned. The … Read more