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Equinor secures long-term maintenance framework contracts worth nearly $10bn
Equinor (NYSE:EQNR) said on Thursday it has entered into a series of framework agreements with a combined value of around 100 billion Norwegian crowns ($9.93 billion) to cover maintenance and modification work across its portfolio of offshore and onshore assets. The agreements run for an initial five-year term and include options for extensions of up…
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Rivian to recall about 20,000 U.S. vehicles over rear suspension assembly issue
Rivian Automotive (NASDAQ:RIVN) is recalling 19,641 R1S and R1T electric vehicles in the United States that had previously undergone servicing, after identifying that a rear toe link component may have been incorrectly reassembled, according to the National Highway Traffic Safety Administration on Thursday. The regulator said Rivian will replace the rear toe link bolts at…
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Gold retreats from weekly highs as stronger dollar and payrolls data loom
Gold prices continued to ease during Asian trading on Thursday, extending a pullback from early-week highs as a firmer U.S. dollar reduced demand for bullion ahead of closely watched U.S. labour market data. Spot gold was down 0.5% at $4,436.62 per ounce by 06:40 GMT, while U.S. gold futures slipped 0.4% to $4,442.86 per ounce,…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets in motion: futures slip, Samsung boosts profit outlook, Bitcoin retreats
U.S. equity futures moved lower on Thursday as investors looked ahead to key U.S. labour market data later in the week and weighed ongoing geopolitical developments. Oil prices stabilised after recent losses, Samsung delivered a stronger-than-expected profit outlook for the fourth quarter, and Bitcoin dropped back below the $91,000 level. U.S. futures drift lower U.S.…
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Markets in Motion: Following the green lights into the new year
Markets in Motion Top Down View As the New Year begins Markets in Motion, Bruce Campbell takes a top-down look at market conditions using a dashboard of short, intermediate, long-term and early warning indicators. While the short-term indicators remain noisy and carry less weight, the intermediate, long term indicators are decisively positive. Notably, the early warning indicator-…
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Dow, S&P 500 Give Back Ground But Nasdaq Moves Modestly Higher
Stocks fluctuated over the course of the trading day on Wednesday before eventually ending the relatively lackluster session mixed. While the Dow and the S&P 500 gave back ground after a positive start to the first full trading week of the new year, the tech-heavy Nasdaq showed a modest move to the upside. The Nasdaq…
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Boeing shares edge higher after Alaska Airlines announces record aircraft order
Shares of Boeing (NYSE:BA) rose about 1.4% on Wednesday after Alaska Airlines revealed the largest fleet purchase in its history, committing to 105 Boeing 737-10 jets and five 787 widebody aircraft. The agreement extends Alaska’s delivery schedule through 2035 and also includes options for a further 35 737-10 aircraft. Following the announcement, shares in Alaska…
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Joby Aviation expands manufacturing footprint with second Ohio facility
Joby Aviation Inc. (NYSE:JOBY) has agreed to acquire a large manufacturing site in the Dayton, Ohio area, adding more than 700,000 square feet of space to its production network. The electric air taxi developer said the new facility will help support its goal of doubling output to four aircraft per month by 2027. According to…
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GameStop shares climb after unveiling performance-linked pay plan for CEO Cohen
Shares of GameStop Corp (NYSE:GME) rose about 3.6% in premarket trading on Wednesday after the company disclosed a new compensation structure for Chairman and Chief Executive Officer Ryan Cohen, tying his pay entirely to ambitious growth and profitability targets. The video game retailer said Cohen’s compensation is “100% at-risk,” with no fixed salary, cash bonuses…
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Innovative Eyewear shares surge on strong Q4 sales growth and insider buying plans
Shares of Innovative Eyewear Inc (NASDAQ:LUCY) jumped about 38% in premarket trading on Wednesday after the company reported a sharp increase in fourth-quarter sales, with preliminary figures pointing to year-on-year growth of roughly 45%. The smart eyewear manufacturer, which designs products under brands such as Lucyd, Reebok and Nautica, said revenue for the fourth quarter…