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Oil Price Report | Selected Financial News | October 3, 2022:

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  Source: nbc.com :  Oil Price Report Oil jumps more than 4% as OPEC+ weighs biggest output cut since 2020 3-4 minutes Oil prices jumped nearly $4 a barrel on Monday as OPEC+ considered reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the COVID-19 pandemic. Brent crude futures added $3.72, or 4.37%, to settle at $88.86 per barrel. U.S. West Texas Intermediate crude ended the day 5.2%, or $4.14, higher at $83.63 per barrel. related investing news Oil prices have declined for four straight months since June, as COVID-19 lockdowns in top energy consumer China hurt demand while rising interest rates and a surging U.S. dollar weighed on global financial markets. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known collectively as OPEC+, is considering an output cut of more than 1 million bpd a

Bonds | Gold Price Report | Selected Financial Info News | October 3, 2022:

  Source: cnbc.com : Gold Price Report | Selected Info News by Fernando Guzmán Cavero 3 minutes Gold rings displayed at the Korea Gold Exchange store in Seoul, South Korea, on Wednesday, March 2, 2022. Gold prices edged higher on Monday on a softer dollar, although central banks worldwide retained their aggressive monetary policies to tackle soaring inflation, limiting gains for safe-haven bullion. SeongJoon Cho | Bloomberg | Getty Images Gold prices jumped more than 2% on Monday boosted by a dip in the U.S. dollar and bond yields,

Wall Street Closing Report | Selected Financial info News | October 3, 2022:

 Source: cnbc.com : Wall Street Closing Report | Selected Info News by Fernando Guzmán Cavero. Stocks rallied Monday to start the new month and quarter, as Treasury yields eased from levels not seen in roughly a decade. The Dow Jones Industrial Average ended the day 765.38 points, or 2.7%, higher at 29,490.89. The S&P 500 rose 2.6% to 3,678.43, after falling Friday to its lowest level since November 2020. The Nasdaq Composite advanced 2.3% to end at 10,815.44. Those moves came as the yield on the 10-year U.S. Treasury note rolled over to trade at around 3.655%, after topping 4% at one point last week. Read More : https://www.cnbc.com/2022/10/02/stock-market-futures-open-to-close-news.html

Bonds | US Treasury Yields Price Report | October 3, 2022:

  Source: cnbc.com | Bonds, US Treasury Yields Price Report | October 3, 2022.  By: Tanaya Macheel @tanayamac Sophie Kiderlin @SKiderlin 2 minutes The yields on the 10-year and 2-year Treasurys fell on Monday as markets began a new quarter and investors digested manufacturing PMI data. The benchmark 10-year Treasury was down 14 basis points at 3.659%. The yield on the policy-sensitive 2-year Treasury was at 4.118%, down by about 9 basis points. Yields and prices have an inverted relationship. One basis point is equivalent to 0.01%. Treasurys Markets began the final quarter of the year on Monday, with investors still digesting the negative end to the third quarter that saw the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite stumble. A gauge on the U.S. manufacturing sector fell last month, indicating that economic activity in the space is close to contracting. The Institute for Supply Management said

Currencies | The Sterling, the US Dollar, and the Yen Price Report | October 2, 2022:

 Source: cnbc.com   The Sterling, the US Dollar, and the Yen Price Report by Fernando Guzmán Cavero 3-4 minutes Sterling jumped against the dollar on Monday after Britain reversed a plan to cut the highest rate of income tax, and the dollar was also down against the yen and euro. The pound rose against the dollar after media reports of the u-turn to its highest level since Sept. 22, the day before British Finance Minister Kwasi Kwarteng sent markets tumbling with a new "growth plan" to cut taxes and regulation, funded by vast government borrowing. Sterling was last up 1.4% at $1.1316. "Sterling is getting a boost as the UK tries to reverse some of its tax cuts," Amo Sahota, director at Klarity FX in San Francisco, said. British finance minister Kwasi Kwarteng said he would publish details "shortly" on how he planned to bring down public debt as a share of economic output over the medium term. The

The Cybersecurity 202:: Fight Over Social Media's Goes to Supreme Court| Selected Financial Info News | October 3, 2022:

Source: washingtonpost.com : Th Cybersecurity 202 | Selected Fiinancial Info News by Fernando Guzmán Cavero. By Rachel Lerman 2-3 minutes The nation’s top court on Monday said it will hear a case that tests the limits of Section 230, the U.S. legal provision that protects social media companies from liability for what third parties post to their sites. The Supreme Court’s decision in the case, which involves Google’s alleged responsibility for terrorist propaganda on its subsidiary YouTube, could have long-lasting ramifications for how internet sites treat users’ posts. The case was brought by the family of Nohemi Gonzalez, a 23-year-old student who was killed in a 2015 ISIS terrorist attack in Paris. The suit alleges that Google’s YouTube “aided and abetted” ISIS, in part by allowing its algorithms to recommend video content from the terrorist group. Section 230 was passed created in 1996 and is credited with

Worl News | Sweden Sent Vessel to the Rupture Russian Pipeline To Probe The Incident | October 3, 2022

 Source: cnbc.com STOCKHOLM/OSLO, Oct 3 (Reuters) - Sweden sent a diving vessel on Monday to the site of Russian gas pipelines in the Baltic Sea that ruptured last week following blasts in the area, to probe an incident that has added new tension to Europe's energy crisis. Europe is investigating what caused three pipelines in the Nord Stream network to burst in an act of suspected sabotage near Swedish and Danish waters that Moscow quickly sought to pin on the West, suggesting the United States stood to gain.  

European Markets Closing Report | October 3, 2022:

Source: cnbc.com European Markets Closing Report | Selected  Financial Info News by Fernando Guzmán Cavero. By: Elliot Smith Holly Ellyatt .   European stocks closed higher on Monday as market volatility continued into the last quarter of the year.  The pan-European Stoxx 600 index provisionally closed up by 0.7%, having recouped early losses of more than 1.3%. Oil and gas stocks added 3.1% to lead gains while food and beverages fell 1.2%. The early declines in Europe came after a gloomy trading session in Asia-Pacific markets, with sharp moves in the price of oil. Brent crude  futures and  West Texas Intermediate  futures jumped after  reports that OPEC+ is considering an oil output cut  of more than a million barrels per day, citing sources. Such a move would be the biggest taken by the organization to address weakness in global demand.  Read More: https://www.cnbc.com/2022/10/03/european-stocks-markets-earnings-data-and-news.html

Stocks Biggest Moves Premarket | October 3, 2022:

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  cnbc.com : Stocks Biggest Moves Premarket is a Selectd Info News by Fernando Guzmán Cavero.   By Peter Schacknow 2-3 minutes Take a look at some of the biggest movers in the premarket: Credit Suisse (CS) – Credit Suisse slid 6.1% in premarket trading after the bank sought to calm the fears of investors and clients about its financial health over the weekend in a series of phone calls. Tesla (TSLA) – Tesla dropped 5.7% in the premarket after announcing deliveries of over 343,000 vehicles during the third quarter. That number was a record high for Tesla and up 42% from a year ago, but below forecasts. ViaSat (VSAT) – ViaSat rallied 5.9% in premarket trading after the Wall Street Journal reported that the satellite company was close to a deal to sell a military communications unit to defense contractor L3Harris Technologies (LHX) for nearly $2 billion. Myovant Sciences (MYOV) – Myovant surged 31.3% in t

Wall Street Futures Market Indications | Selected Info News | October 3, 2022:

 Source: cnbc.com :  Wall Street Futures Market Indications | Selected Info News by Fernando Guzmán Cavero Dow jumps more than 300 points to kick off October as it attempts rebound from 2022 lows Read More: https://www.cnbc.com/2022/10/02/stock-market-futures-open-to-close-news.html

Sterling Price Report | Sterling Rebounds on Reversal of Proposed Tax Cut, Yen Weakens | October 3, 2022:

  Source: cnbc.com   Reuters  3-4 minutes Sterling climbed higher on Monday after British finance minister Kwasi Kwarteng said the government would reverse a plan to scrap the UK's highest rate of income tax, while the yen weakened past the key level of 145 per dollar. The pound touched a one-week high and was last up 0.4% at $1.1207, surging nearly 1% after BBC first reported the news of the reversal, which Kwarteng later said in a statement on Twitter that the government is "not proceeding with the abolition of the 45p tax rate". "We get it, and we have listened," Kwarteng said regarding the policy reversal. His plans unleashed financial chaos last week, which saw sterling hit an all-time low of $1.0327 and sent gilts spiraling, prompting the Bank of England to step in. As recently as Sunday Prime Minister Liz Truss reiterated that the government was sticking with its policie

Russia-Ukraine Crisis | Live Update By The NYT | October 3, 2022:

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Source: nytimes.com : Russia-Ukraine Crisis   By: Andrew E. Kramer, Maria Varenikova ,  Selected by Fernando Guzmán Cavero 23-29 minutes Hundreds of miles apart, pro-Russia officials admit setbacks. Image Credit... Ivor Prickett for The New York Times IZIUM, Ukraine — The Ukrainian Army was on the move on Monday in two theaters, as Kyiv’s forces chased retreating Russian troops outside the reclaimed city of Lyman in the east and Moscow-installed officials acknowledged losing ground in the southern region of Kherson. Buoyed by their recapture over the weekend of Lyman , a strategic rail hub and gateway to the Donetsk and Luhansk regions, Ukrainian officials said that forces pushing east from the city had destroyed a Russian armored column near the village of Torske. The attack left roads in the dense pine forest cluttered with burned tanks and armored vehicles, said Vladyslav Podkich, a Ukrainia

Why Is the US Dollar so Strong | October 3, 2022 by Hanza Shaban from the Washington Post | Selected Financial Info News

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    Source: washingtonpost.com   By Hamza Shaban September 30, 2022 at 11:42 a.m. E | Selected Financial Info News by Fernando Guzmán Cavero Nearly every major currency has lost ground against the U.S. dollar this month, an offshoot of the Federal Reserve’s campaign to rein in inflation through higher interest rates. For Americans, a stronger dollar means cheaper imports and trips abroad. But it can also weigh on other economies, especially in the face of global conflict, because most commodities are priced in dollars, making necessities like oil and wheat more expensive. The same is true of public debt, bumping up the cost of interest payments. This year, the greenback’s value has jumped nearly 20 percent according to the U.S. Dollar Index, which measures the currency against a basket of significant trading partners, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. The dollar’s surg