State Texas Financial News

04.07 / 14:23

UPS Waves Reuters Manufacturing Commerzbank Oil trades higher as market weighs supply cuts by top exporters; Asia expects Saudi to cut August prices

extend its voluntary output cut of 1 million barrels per day (bpd) to August, while Russia and Algeria volunteered to lower their output and export levels for August by 500,000 bpd and 20,000 bpd respectively. Also, Asian refiners expect Saudi Arabia to lower prices for its crude supply to the region in August, according to a survey by news agency Reuters, even as the top oil exporter pledged to deepen production cuts as part of a broader deal by the Organization of the Petroleum Exporting Countries and its allies, or OPEC+.

04.07 / 11:49

FIVE Parke Nov The aftermath of mass shootings infiltrates every corner of survivors’ lives

Beyond medical bills in the millions and the weight of trauma and grief, mass shooting survivors and their family members contend with scores of changes showing how their lives have been upended by violence

04.07 / 10:23

UPS Waves Manufacturing Commerzbank Oil rises as market weighs supply cuts against gloomy economic outlook

By Natalie Grover

04.07 / 04:39

Reuters NIFTY Rupee opens 4 paise higher at 81.92 against the US dollar

Nifty traded at their record high levels. Meanwhile, crude oil prices held steady as markets weighed supply woes from cuts for August by top exporters Saudi Arabia and Russia against economic data that hinted at weak crude demand, Reuters reported.

04.07 / 03:41

FIVE Mobile Apple Boeing Samsung Samsung sues Chinese rival BOE Technology over alleged patent violation on iPhone displays

Samsung Display has filed a lawsuit against BOE Technology, accusing the Chinese rival of infringing five of its patents for displays used in mobile devices including Apple's iPhone 12. Samsung Display, a unit of Samsung Electronics, asked a federal jury in Texas to award damages for the infringement of patents regarding organic light emitting diode (OLED) displays supplied by BOE. Samsung also seeks an injunction from the court to halt the import and sale of the affected displays.

04.07 / 02:13

UPS Waves Reuters Manufacturing economic data Oil steady as markets weigh supply cuts against weak economic data

Brent crude futures were up 22 cents, or 0.3%, at $74.87 a barrel by 0033 GMT. U.S. West Texas Intermediate crude were at $70.06, up 27 cents, or 0.3%.

03.07 / 20:35

UPS Mercantile Natgas begins July with price dip as output rises, Texas heat lets up

Investing.com — After the best monthly return in a year, natural gas began July trading with a dip on Monday as producers concluded on-site maintenance, resulting in higher output. Some of the heat that had pervaded the south of the United States also let up, reducing gas-driven demand for cooling.

03.07 / 20:35

UPS Manufacturing Fighting Oil ends down; Saudi, Russia cuts campaign drowned by factory slump

Investing.com — Right on cue, the Saudis came out to say their million-barrel cut for July will be extended to August and possibly September — maybe even infinitely. The Russians talked up their cuts too. But the announcements coincided with particularly bad global factory activity, sending crude prices lower.

03.07 / 19:45

Bitcoin Hut 8 Hut 8 Is Keen On AI Computing As It Relocates 6,400 Rigs, Eyes Growth Amid Legal Battle

Bitcoin (BTC) mining firm Hut 8 has announced plans to relocate 6,400 rigs from its facility in Ontario, Canada as the demand for AI and high-performance computing surges.

03.07 / 19:43

UPS Target Booking Aware Landmark Financial Incred Financial plans to raise $150m to expand its loan book

Incred Financial Services (Incred Finance), a retail focused NBFC set up by former senior Deutsche Bank executive Bhupinder Singh, has hit the fundraising street targeting to raise as much as $125-150 million at a valuation of up to $1.5 billion (approximately ₹12,000 crore), said two sources aware of the development. Incred is looking at diluting around 10% stake in this round, the sources added. The funds raised will be used to grow the NBFC's loan book.

03.07 / 19:15

COST UPS Citi Reuters Waters BAY Biden's green hydrogen plan hits climate obstacle: Water shortage

By Valerie Volcovici

03.07 / 15:17

Provident Reuters Ford Tesla Highways Backed Kentucky mandates Tesla's charging plug for state-backed charging stations

By Hyunjoo Jin

03.07 / 14:37

UPS Citi Google CEO Platform Financial Why financial advisors can’t live with or without Florida

Try as you might, you can’t spell “financial advisor” without F-L-O-R-I-D-A.

03.07 / 13:31

UPS Target Oil rallies on Saudi and Russian supply cuts for August

Saudi Arabia on Monday said it would extend its voluntary cut of one million barrels per day (bpd) for another month to include August, the state news agency said. Russia, seeking to nudge up global oil prices in concert with Saudi Arabia, will reduce its oil exports by 500,000 bpd in August, Deputy Prime Minister Alexander Novak said on Monday, further tightening global supplies. The cuts amount to 1.5% of global supply and bring the total pledged by OPEC+ oil producers to 5.16 million bpd.

03.07 / 11:46

UPS Man Aviat CEO SpaceX SpaceX’s Starship Rocket Explodes Shortly After Takeoff

Elon Musk's efforts to put a man on the Moon, and possibly Mars, ended in mid-flight failure Thursday after SpaceX's Starship exploded shortly after taking off on its maiden flight from a launchpad in South Texas.

03.07 / 11:45

COST UPS Twitter CEO Action Tesla No Home Court Edge for Musk in 'Funding Secured' Trial

Jury selection is under way in a class action suit accusing Tesla (TSLA) CEO Elon Musk of recklessly harming shareholders when he wrongly claimed to have secured a Tesla buyout in 2018.

03.07 / 10:57

Blockchain Mining Cloud Mining Bitcoin Hut 8 relocates 6,400 rigs, sees growth in AI and high-performance computing

Hut 8 Mining is seeing new demand for artificial intelligence (AI) and high-performance computing as it looks to reenergize some 6,400 rigs being moved from its inactive North Bay site in Ontario, Canada.

03.07 / 10:05

Digital Progressive Aware CEO Airlines Mobile Thousands forced to wait hours at Houston airport after hundreds of delays, cancellations

Hundreds of airline passengers stand in United Airlines' customer service line following a slew of flight cancellations and delays at Newark Liberty International Airport on Tuesday, June 27, 2023.

03.07 / 10:05

Citi Provident Lowe's CEO Toyota Bitcoin Real estate expert says Texas city has become a 'major player'

Real estate expert Rogers Healy says Fort Worth is a 'major player' as Texas city's commercial real estate grows despite struggles across country on 'The Bottom Line.'

03.07 / 10:01

Target Microsoft DOW Apple Tesla Tesla deliveries, Vision Pro production targets - what's moving markets

Investing.com — Tesla unveils bumper second-quarter vehicle deliveries following a move by the electric carmaking giant to lower prices. Meanwhile, Apple is reportedly slashing its production targets for its Vision Pro headset and a major decision in San Francisco hangs over the future of Microsoft's megamerger with Activision Blizzard.

03.07 / 08:47

UPS Target Oil slips on further US rate hike concerns

By Alex Lawler and Natalie Grover