By Ron Bousso and Robert Harvey LONDON -U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil (NYSE:XOM) said on Tuesday. “We’re not going to see anybody in ‘drill, baby, drill’ mode,” Liam Mallon, head of Exxon’s…
Investing.com — Bank of America (BofA) introduced a 2025 year-end price target of 6666, a figure which, if achieved, would mark an extraordinary tenfold rally from the market lows of 2009. The new target also implies an 11% upside potential from current levels. “The only constant is change and as we look to 2025, volatility…
(Reuters) – U.S. stock index futures were flat on Tuesday, as investors paused following several sessions of gains and weighed the implications Donald Trump’s tariffs on top trade partners could have on the local economy. The president-elect said he would impose a 25% conditional tariff on Canadian and Mexican imports that could violate a free-trade…
LONDON (Reuters) – British retailers’ optimism has fallen to a two-year low, the Confederation of British Industry said, and is its weakest since households were hit by surging energy prices and financial markets took fright at former prime minister Liz Truss’ fiscal plans. The CBI’s quarterly survey of retailers showed their assessment of the business…
Investing.com — Shares of Halfords Group (LON:HFD) jumped over 13% on Tuesday after the company reported better-than-expected first-half profits, aided by stronger performance in its retail division and improved cost management. The retailer, which specializes in automotive and cycling products and services, posted underlying pre-tax profits of £21 million, surpassing the Visible Alpha consensus estimate…
(Reuters) – Kohl’s (NYSE:KSS) surprise CEO departure announcement a day before its quarterly results will play on the minds of investors, who were looking out for a positive forecast from the struggling department store chain ahead of the key holiday shopping season. The retailer said on Monday CEO Tom Kingsbury will step down after less…
Investing.com — Shares of Melrose Industries (LON:MRON) saw an uptick following the company’s share buyback on Tuesday. At 4:45 am (0945 GMT), Melrose Industries was trading 7.9% higher at £569. As per a stock exchange filing, Melrose purchased a total of 38,000 ordinary shares on November 25, through J.P. Morgan Securities. The shares were acquired…
By Dave Graham ZURICH (Reuters) – Switzerland is scrambling to keep a lid on immigration from its top trade partner, the European Union, as a jobs boom powered by the country’s low-tax business model turns population growth into a political hot potato. The issue helped derail talks in 2021 to overhaul rules governing some 300…
Investing.com – The US dollar edged higher Tuesday, while the Canadian dollar, the Mexican peso and the Chinese yuan slipped lower after President-elect Donald Trump raised the specter of a trade war at the start of his new term in office. At 04:50 ET (09:50 GMT), the Dollar Index, which tracks the greenback against a…
(Reuters) – Britain’s financial watchdog on Tuesday fined the London branch of Australian lender Macquarie Bank 13 million pounds ($16.33 million) for failings that enabled an employee to record fictitious trades and conceal his trading losses between 2020 and 2022. ($1 = 0.7962 pounds) Source
