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U.S. stocks poised to rebound as oil prices retreat: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures are signaling a strong start to Monday’s session, suggesting that markets may recover some of the losses recorded last week. The early momentum appears to be driven by a sharp decline in crude oil prices, which are down about 3.2% after surging 8.6% during the previous week. The drop in oil…
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NESR wins $300 million in long-term cementing service contracts
National Energy Services Reunited Corp. (NASDAQ:NESR) said it has secured a series of multi-year cementing service agreements worth about $300 million, according to a company announcement. The contracts run for five years and cover projects in Kuwait and parts of North Africa. NESR delivers integrated energy services across the Middle East and North Africa. “Based…
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VNET Group tops revenue forecasts on strong AI-driven demand; shares rise
VNET Group, Inc. (NASDAQ:VNET) reported fourth-quarter revenue that came in above analyst expectations, supported by strong momentum in its wholesale data center segment, although earnings per share were slightly below forecasts. The company’s shares gained about 1% in premarket trading on Monday following the announcement. The carrier- and cloud-neutral data center services provider posted quarterly…
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Sable Offshore stock jumps after Trump administration orders drilling restart
Shares of Sable Offshore (NYSE:SOC) gained more than 6% in premarket trading on Monday after the Trump administration instructed the company to resume oil drilling activities off the coast of Southern California. U.S. Energy Secretary Chris Wright notified Sable Offshore late Friday that operations should restart at the Santa Ynez unit as well as the…
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Oil rally and geopolitical tensions shake markets, but JPMorgan advises buying weakness
Rising crude prices and growing geopolitical risks have started to pressure investor confidence, yet JPMorgan strategists say the broader market environment still supports using recent pullbacks as an opportunity to increase exposure to equities. “The initial consensus by most was to buy the dip, but since the 2nd weekend of conflict many pundits started to…
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Meta shares rise after report of potential 20% workforce reduction to manage AI spending
Shares of Meta (NASDAQ:META) moved higher in premarket trading on Monday following a report that the company is weighing substantial job cuts as it increases investment in artificial intelligence infrastructure. Reuters reported over the weekend, citing people familiar with the matter, that Meta is evaluating layoffs that could impact more than 20% of its workforce…
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Five key market drivers to watch in the week ahead
The ongoing conflict involving Iran and its impact on global oil prices remains the dominant theme for financial markets as the new trading week begins. However, investors will also be monitoring several other potential catalysts. Alongside developments in the Middle East, Nvidia (NASDAQ:NVDA) CEO Jensen Huang is scheduled to deliver a closely watched presentation on…
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Shell sees global LNG demand climbing as much as 85% by 2050
Shell (NYSE:SHEL) said on Monday that worldwide demand for liquefied natural gas is projected to rise significantly in the coming decades, increasing from about 422 million tonnes per year in 2025 to between 610 million and 780 million tonnes annually by 2050. According to the energy group, this implies growth of roughly 45% to 85%…
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Iran conflict enters third week; Nvidia event and Fed decision in focus for markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures edged higher on Monday as investors prepared for a week filled with potential market-moving developments. The conflict involving Iran continues to intensify, driving oil prices higher and stoking concerns about inflation. At the same time, a major developer conference hosted by Nvidia (NASDAQ:NVDA) could shed light on the next phase of the…
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Oil climbs as concerns over Middle East export infrastructure return to focus
Oil prices moved higher on Monday as markets once again turned their attention to risks facing oil export facilities in the Middle East, despite calls from U.S. President Donald Trump for countries to help secure the Strait of Hormuz, a key route for global energy transport. Brent crude futures rose $2.73, or 2.7%, to $105.87…