Oil Prices Surge 2% as Hurricane Disrupts Output Ahead of Fed Rate Decision

Sep 16, 2024

 

In Today’s News

Why are billionaires loading up on oil? [adv]

Exclusive-Vista, Blackstone nearing $8-billion deal to buy Smartsheet, sources say
NEW YORK (Reuters) – Buyout firms Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet, in a deal that could value the collaboration-software maker at close to $8 billion, people familiar with the matter said on Monday. The private-equity firms are discussing an offer of around …. Read More >>

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Oil prices climb on hurricane impact ahead of US rate decision
NEW YORK (Reuters) -Oil prices rose 2% on Monday as the ongoing impact of Hurricane Francine on output in the U.S. Gulf of Mexico offset persistent Chinese demand concerns ahead of a U.S. Federal Reserve rate cut decision later this week.Brent crude futures for November were up $1.35, or 1.89%, at $72.96 a ba …. Read More >>

Why are billionaires loading up on oil? [AD]

Analysts are Projecting “Safe-Haven” Stock Will Nearly Double  [sponsor]
 Already up nearly 50% in the last 6 months this gold company has an analyst target nearly twice its current price. With 40 investment banks and funds already invested it’s no wonder this $1.3B company (trading under $2) is grabbing investor attention. Reveal this company and see why smart money is flowing in!

Intel awarded up to $3 billion from US for national security related chip production
Shares of Intel were up 5.7% after the announcement.The award pushes forward the administration’s commitment to re-shore semiconductor manufacturing and advance cutting-edge technology research and development.The administration’s focus on the Secure Enclave reflects a broader strategy to enhance national sec …. Read More >>

CEO of Biggest AI Chipmaker Just Dropped a Bombshell… [AD]

Is Artificial Intelligence the Biggest Bubble in History? [sponsor]
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Fed rate cuts will not be as deep as the market expects, says BlackRock
The U.S. central bank is expected to cut interest rates for the first time in over four years on Wednesday, with speculation over the size of the first rate cut creating volatility across financial markets in the run-up to the decision.Traders in rates futures are betting on about 120 basis points in cuts this …. Read More >>

Fed rate cuts could send the stock market down [sponsor]
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