US debt crisis and demand concerns in China weigh on oil prices in early trading:…
Oil prices eased during Monday morning’s Asian trade as concerns over demand in the top oil consuming countries, the US and China, offset positive factors such as a reduction in oil inventories OPEC+ production cuts. West Texas Middle School Futures due June are trading 0.46% lower at $69.72 a barrel at the time of writing. […]
Peyto reports strong cash flow for Q1 2023 despite lower gas prices
CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to report first quarter 2023 operating and financial results. A 71% operating margin1,2, combined with a 32% profit margin3 delivered return on capital employed (“ROCE”) for the quarter4) of 14% and return on equity (“ROE”)4) of […]
What’s Driving Gold and Oil Prices High Today? – United States Brent…
Gold prices rose on Monday as the dollar edged lower and investors braced for Tuesday’s release of consumer price inflation data, which will pave the way for the Those of the Federal Reserve future monetary policy. What happened: Spot gold traded 0.36% higher near the $2,023 an ounce level during Monday morning’s Asian trading session, […]
Tesla raises prices again in China this week – and it’s steep – Tesla…
EV giant Tesla Inc TSLA has raised prices for certain models in China for the for the second time in a week. What happened: According to the company’s website, Tesla increased the prices of its Model S and Model X by 19,000 yuan, or about $2,750 in China. While the Model S now costs 808,900 […]
Tesla raises prices on some Model 3, Y cars after markdowns – Tesla…
EV giant Tesla Inc TSLA has increased prices on certain models in the US, China, Japan and Canada. What happened: In the US, Tesla increased the prices of the Model Y and Model 3 by $250, according to the company’s website. model name current price previous price Model Y AWD $47,240 $46,990 Model Y with […]
Tesla Raises Model S, X Prices After Shares Plunge Nearly 10% – Tesla…
Tesla, Inc. TSLA reversed some of the downward price adjustments for its premium model vehicles shortly thereafter The stock plummeted nearly 10% in response to the company’s quarterly results. What happened: Updated pricing information available on Tesla’s website showed price increases of between 2.4% and 4.3% for the Model S and Model X vehicles reduced […]
Williams promises to use all means to stabilize prices
Federal Reserve Bank of New York president John Williams allegedly said Wednesday that inflation is still at problematic levels and the central bank will use its tools to curb price increases. “Inflation is still too high and we will use our monetary policy tools to restore price stability,” Williams said in a speech to a […]
Tesla Cuts Prices Even More, GM Plunges Ford, Fisker Closes…
Electric vehicle stocks ended mostly lower for the holiday-shortened week ended April 6, with a broader market weakness triggered by recession fears. Here are the main events that took place in the EV space during the week: Tesla Retirement, Price Cuts, Proxy Filing and More: Tesla, Inc. TSLA Shares fell over 10% this week after […]
Tesla can’t set EV prices in China, says CEO of Nio – Tesla…
Nio Inc NEVER CEO William Li has said the Chinese EV maker will not participate in price wars while adding this Elon Musk‘S Tesla Inc TSLA can’t decide EV prices in China. What happened: Li said at a recent industry conference that Nio will not engage in EV price wars because its gross margins are […]
Oil Prices up over 5% in Asian trading – Invesco S&P SmallCap Energy…
Oil prices rose Monday morning in Asian trade after the Organization of Petroleum Exporting Countries and its Allies known as OPEC+trimmed Oil production up 1.16 million barrels per day from May in a surprise move. What happened: Saudi Arabia will voluntarily cut production by 500,000 bpd from May to the end of 2023. The voluntary […]