Market is Price

OPEC chief talks about output cuts, price volatility, and Russia’s war in Ukraine and its effect on oil prices. Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, will meet virtually on February 1. The meeting comes as the price of oil has rallied towards $90 a barrel. Al Jazeera’s Fidelis Mbah in Abuja, Nigeria, spoke to OPEC President Gabriel Mbaga Obiang Lima — who is also Equatorial Guinea’s hydrocarbons minister — about issues confronting the organisation. The piece has been edited for clarity. FM: Are you taking any steps to boost output or will you stick with the recently announced production target cuts?  Lima: I think the approach that we have been having from the organizations, is a see-and-watch, and why I will say it is a see-and-watch is because there are so many uncertainties that is happening in the market, everything is changing by the week, by the month, by the day and what we do is we monitor what is goi...

DETROIT – It’s a Detroit gem, but thieves continue to target Eastern Market, and business owners are fed up as there have been a dozen break-ins in the last six months. It’s been one break-in after another, and business owners are still trying to bounce back and attract customers, and they are very concerned this will hurt their tight-knit community. The latest burglar smashed a window and crawled through the door at Two 18, a sneaker and streetwear shop in Eastern Market . The thief got away with more than $5,000 in merchandise. “I put my blood, sweat, and tears into this man so for anybody to take an ink pen out of here, I’d feel it,” said Owner Roland Coit. The video showing the break-in was from November 2022, but the door is still boarded up because Coit says thieves haven’t stopped targeting Eastern Market. After Two 18, It was Thomas Magee’s next door. Across the street, Beyond Juice and Eatery have been hit three times, and Stache down the road had two break-ins last we...

12 Min Ago Adani Group's CFO says 'confident' on secondary share sale Adani Group's chief financial officer Jugeshinder Singh said on Monday that he is confident Adani Enterprises ' follow-on public offering will be fully subscribed. The $2.5 billion secondary share sales were overshadowed by a rout of roughly $48 billion as the conglomerate's affiliates stock prices plunged for a second consecutive session after short seller firm Hindenburg accused the group to be "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades." Singh said in an interview with CNBC-TV18, an affiliate of CNBC, that the value of Adani Enterprises has not changed "simply because" of share price volatility, adding it instead lies in its "ability to incubate new businesses." He added the Hindenburg's report is "simply a lie," and that the timing of the report was "malicious." The Adani...

[unable to retrieve full-text content] China Stocks Set to Enter Bull Market on Return From Holidays    Bloomberg from "market" - Google News https://ift.tt/iW2hmJ9 via IFTTT

On Jan. 10, researchers at Goldman Sachs downgraded their outlook for the U.S. housing market in a paper titled  “Getting worse before getting better.”  Instead of U.S. home prices falling 4.1% in 2023, which was their November call, researchers at the investment bank said national home prices would drop 6.1% this year. Fast-forward to Monday, and Goldman Sachs has already tossed out that forecast. In a paper bluntly titled “2023 Housing Outlook: Finding a Trough,” Goldman Sachs researchers argued the prospects for the U.S. housing market are improving and that national home prices would fall just 2.6% in 2023. “Home sales appear set to turn higher. Mortgage purchase applications have averaged 9% above their October trough so far in January and survey-based measures of purchasing intentions have rebounded sharply,” wrote Goldman Sachs researchers in their latest report. By the time national home prices bottom, Goldman Sachs expects prices to be 6% below their June 2022 pe...

Brisbane’s property market has experienced its largest and fastest decline on record. (Source: Getty) The Brisbane property market has experienced its “largest and fastest” decline on record, dropping 10.9 per cent since its peak in June 2022. According to CoreLogic’s Daily Home Value Index (HVI), this is Brisbane’s largest percentage fall on record. It comes just weeks after national property prices suffered their biggest fall ever , dropping 8.6 per cent. But Brisbane’s price drop has not erased the massive gains experienced during the pandemic. “The record fall in Brisbane home values has not made much of a dent in the gains made during the upswing,” CoreLogic head of research Eliza Owen said. “The fall in the Brisbane daily HVI follows an upswing of 43.5 per cent between August 2020 and June 19, 2022, which was the fastest trajectory of rising values on record. This leaves home values across Brisbane 27.9 per cent higher than at the previous trough in August 2020.” In...

It's been less than three months since the Meta Quest Pro first went on sale, and it's already getting a $400 discount. The new price, $1,100 , isn't permanent: It's only for one week in the US, and two weeks in the UK (where the price is dropping to £1,300). But it's a notable reduction for a headset that was widely criticized for its high price when it debuted last fall. Now playing: Watch this: I Used Meta Quest Pro: Here's What It's Like 10:35 The Meta Quest Pro is a step-up design from the two-year-old Quest 2 headset, but the Quest 2 only costs $400, while the Pro, even at its on-sale price, costs nearly three times as much. The Pro has some advantages over the Quest 2: It has a higher-res display, fits more easily over wider glasses, has redesigned controllers that can track movement with their own built-in cameras, adds color passthrough cameras and improved ...

AFP At funeral, hundreds mourn verger killed in Spain church attack Hundreds of mourners gathered Friday for the funeral of the verger who was killed when a machete-wielding assailant attacked two churches in Spain as investigators probed the reasons for the deadly assault. They gathered at Nuestra Senora de La Palma, one of the churches targeted in the southern port city of Algeciras, where the coffin of verger Diego Valencia was placed. Dozens more gathered in the square outside.Valencia, who was in his 60s, was first injured inside the church, fleeing outside to escape the attacker who pursued him into the square and killed him.Dozens of red candles and bunches of flowers were laid on the spot where he died, and after the mass ended and his coffin was driven away in a hearse, the crowd broke into emotional applause, an AFP correspondent said. The assailant also entered the nearby San Isidro church, attacking its 74-year-old priest Antonio Rodriguez, who...

[unable to retrieve full-text content] How gas prices have changed in South Dakota in the last week    KELOLAND.com from "price" - Google News https://ift.tt/xkXBTAP via IFTTT

In the race to reduce global carbon emissions to zero, clean hydrogen is increasingly expected to be a winner. Hydrogen is the most the most abundant elements in the universe, and has long been looked to as part of the solution as the world shifts away from fossil fuels. But the path to its use has been riddled with obstacles. Top among them has been its cost, but new methods of hydrogen production are less expensive, and that's a gamechanger that could propel hydrogen stocks in the years to come. "We believe that clean hydrogen has emerged as a critical pillar to any aspiring net zero path, aiding the de-carbonization of [circa] 15% of global [green house gas] emissions across sectors," Goldman Sachs analysts wrote in a recent research report on the topic. The firm estimates that the total addressable market for hydrogen generation could reach more than $1 trillion by 2050. To get to net zero by that date, Goldman projects $5 trillion will need to be invested in the hyd...

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. X The stock market rally cleared some major resistance in the past week. The major indexes had solid gains, responding bullishly to uneven earnings reports and economic data. Leading stocks acted well, with breakouts and buy points continuing to work. Since the Jan. 6 follow-through day, the market rally has shown robust gains. In fact, the advance suggests this uptrend could be a "moneymaker" or even a "life-changing" rally, according to one noted growth investor. So investors should be taking advantage of the opportunities. But do so carefully. The market rally is around key levels, while it's another big week for news. Apple ( AAPL ), Google parent Alphabet ( GOOGL ), Amazon.com ( AMZN ), Facebook parent Meta Platforms ( META ) are all on tap, as well as hundreds of other companies. Apple stock and these other tech titans are rebounding strongly, but have...