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Oil prices soar after Saudi Arabia leads coordinated OPEC+ cuts totaling more than 1 million barrels a day
[]Oil futures surged after Saudi Arabia led a surprise oil-production cut across several OPEC+ member countries that will remove more than 1 million barrels of oil a day from output by May. []In an announcement on Sunday, Saudi Arabia’s Ministry of Energy stated that the kingdom will implement a voluntary cut of 500,000 barrels a…
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XHB | SPDR S&P Homebuilders ETF Overview
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UBS may slash up to 30% of workforce following Credit Suisse takeover: report
Swiss investment bank UBS Group AG is preparing to lay off as many as 36,000 people in the wake of its planned takeover of rival Credit Suisse — significantly more than first planned. Citing insiders at the bank, the Swiss newspaper SonntagsZeitung reported Sunday that UBS UBS, -3.00% plans to cut 20% to 30% of…
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Dow closes up by more than 300 points after surprise OPEC+ production cut
Dow industrials and the S&P 500 finished higher on Monday for the fourth straight trading session, as investors reacted to a surprise oil-production cut announced by Saudi Arabia and its allies over the weekend. What happened The Dow Jones Industrial Average DJIA, +0.98% finished up by 327 points, or 1%, at 33,601.15. The S&P 500…
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Announcing that you’re laid off is becoming common on LinkedIn: Here’s what to say—and not to say
Since late 2022, a steady stream of companies have announced layoffs, most notably in the tech sector. In recent months, the downsizing has extended to other industries, including financial services, retail and manufacturing. While the stigma of getting laid off is not what it once was, it’s still almost always a difficult experience. On top…
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How does Apple’s Pay Later work, and should you use it?
This article is reprinted by permission from NerdWallet. Apple recently rolled out its hotly anticipated new payment feature, Apple Pay Later. The feature lets users split an eligible purchase into four equal installments with zero interest over the course of six weeks when they check out online or in-app through Apple AAPL, -0.18% Pay. Apple…
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DJIA | Dow Jones Industrial Average Overview
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A eulogy for the muscle car
The muscle car died exactly as it wanted. In a blast of tire smoke and squeal, on a race track, burning gasoline so fast it could empty an 18.5-gallon tank in under five minutes. In its final crowning moment, it set a record quarter-mile time for an absurdly cheap cost, measured in dollars per horsepower.…
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Don’t make this big mistake when paying down debt
When you’re carrying a credit card balance, paying at least the minimum due each month is certainly a start. If those payments aren’t making your overall budget feel squeezed, you have all the more reason to put payments on autopilot and not think about the total cost of your debt. “Our pace of life has…
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The 2023 GMC Hummer EV Pickup is extreme in every way, including price
The GMC Hummer EV Pickup is an electric supertruck with thrilling performance and the latest technology. Pricing starts at $84,650. The Hummer is back, and it’s still like nothing else. As a high-performance electric truck, the GMC Hummer EV Pickup is extreme in every way. The performance is astounding, the technology is futuristic, and the aesthetics…