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Showing posts from 2023

Apple Stock Price Hits 4 Month High: Know Reason Here

 Apple's stock reached a four-month high because Foxconn, a crucial company in Apple's supply chain, raised its sales outlook. This suggests strong demand for iPhones, tablets, and computers during the holiday season. Foxconn, a major player in Apple's global supply chain, stated that its revenues for the current quarter would be even better than its earlier prediction of "significant" growth. They pointed to better-than-expected demand for smartphones, tablets, and other electronics in October and November. The second half of the year is traditionally a peak time for the tech industry, and Foxconn noted that the revenue performance in the first two months of the fourth quarter exceeded expectations. As a result, Apple's shares increased by 2.1%, reaching $193.36 each, indicating a 55% gain for 2023. The stock even touched a four-month high of $194.40. However, projections for demand in the U.S. market might face challenges due to a less optimistic view of Bla

Crude Oil Price Rise due to Hopes from Russia : Know Details Here

Oil prices went up recently. Brent crude increased to $78.74 per barrel, and U.S. West Texas Intermediate crude rose to $73.73.  The Russian Deputy Prime Minister, Alexander Novak, mentioned that OPEC+, a group of oil-producing countries like the Organization of the Petroleum Exporting Countries (OPEC) and Russia, might take more steps to control "speculation and volatility" in the oil market if the current actions to cut production don't suffice. On Monday, oil prices dropped because some doubted the effectiveness of the existing OPEC+ cuts, as noted by analyst Tina Teng from CMC Markets. OPEC+ agreed to cut output by about 2.2 million barrels per day in the first quarter of 2024. However, 1.3 million barrels per day of these cuts were just extensions of voluntary restrictions that Saudi Arabia and Russia already had in place. FGE analysts mentioned that the additional cuts announced were less than the market expected, and in practice, OPEC+ might only deliver cuts close

Crude Oil Price falls: What to expect further ?

 Oil prices went down on Monday because investors were doubtful about the recent decision made by OPEC+ to cut oil supply. There's also uncertainty about how much fuel the world will need.  However, the possibility of oil supply issues due to conflicts in the Middle East helped prevent even bigger losses. This drop on Monday follows a 2% decrease last week after OPEC and its allies, including Russia, announced cuts in oil supply. Vandana Hari, who analyzes the oil market, mentioned that oil is still facing pressure because of this OPEC+ decision. The cuts made by OPEC+ were voluntary, which means there are doubts about whether the oil-producing countries will actually follow through with them.  Investors are also not sure about how these cuts will be measured. Craig Erlam, an analyst, expressed that last week's agreement by OPEC+ was not convincing, especially with expectations of a slowdown in the economy next year. On a global scale, manufacturing activity wasn't doing we

This news can be bad news for Tesla stock - Read Details Here

This news can be bad news for Tesla. A new report from Consumer Reports says that electric vehicles (EVs) have 79% more issues than traditional cars with internal combustion engines.  This news is making car manufacturers and dealerships pay attention, especially since many consumers seem hesitant to switch to electric cars, despite incentives from both companies and the government. This news can be bad news for Tesla. The report highlights hybrid vehicles as the real winners. Unlike their fully electric or plug-in counterparts, hybrids have simpler technology, leading to fewer potential problems. According to the report, plug-in hybrids, which combine features of electric and traditional cars, tend to have more issues due to their complex nature. However, there are exceptions, such as the Toyota Rav4 Prime plug-in hybrid, which stands out as one of the most reliable models. The report comes shortly after around 4,000 car dealerships across the country wrote a letter to President Biden

American Airlines Stock news- It makes nice move for passengers experience

 As people travel across the U.S. for work or fun, they've started to expect more advanced and enjoyable entertainment options during their flights. These experiences have become so usual that travellers just assume they'll be there as they look for ways to make their trips even better. According to American, they offer high-speed internet on more planes than any other U.S. airline. And now, they're planning to bring this service to even more flights. "In the next two years, we want to make sure even more travelers can have a reliable and connected experience during their flights by introducing high-speed Wi-Fi on our regional aircraft with two classes," the airline explained. "We're teaming up with Intelsat to extend this service to nearly 500 regional planes starting next year." "This new technology will let these smaller planes have the same speedy Wi-Fi as our mainline aircraft," they added. "By investing in this new tech, we'r

Crude Oil Prices went down despite OPEC+ cut, know key reasons here!

 Oil prices went down by more than 2 percent because investors don't believe the OPEC+ group's plan to reduce oil production will work. They're also worried that the world's factories are slowing down. Even though OPEC+ agreed to cut production by two million barrels per day, investors aren't sure it'll be enough to make oil prices go up. Weak demand for oil is already putting pressure on prices. For February delivery, the price of Brent crude futures dropped by $1.98 (2.45 percent) to $78.88 a barrel. U.S. West Texas Intermediate crude futures for February delivery also fell by $1.89 (2.49 percent) to close at $74.07 per barrel. During the week, both Brent and WTI crude prices fell, with Brent going down by about 2.1 percent and WTI slipping by more than 1.9 percent. OPEC+ producers agreed to take away about 2.2 million barrels per day (bpd) of oil from the world market in the first quarter of next year. But this didn't make prices go up as expected. Some t

Crude Oil Prices: Russian Oil to be big factor next week?

On Friday, the United States implemented additional sanctions connected to the price cap on Russian oil. This move specifically targeted three entities and three oil tankers, representing an effort by Washington to eliminate loopholes in the mechanism designed to penalize Moscow for its involvement in the war in Ukraine. According to the U.S. Treasury Department, the entities in question were accused of utilizing Western maritime services, such as transportation, insurance, and financing, while transporting Russian crude oil that exceeded the established USD 60-per-barrel price cap. The Group of Seven, the European Union, and Australia had previously imposed this price cap on seaborne exports of Russian crude in December of the preceding year. The mechanism stipulates that Western companies are prohibited from providing services for oil sold above this cap. Specifically, the vessels NS Champion, Viktor Bakaev, and HS Atlantica were identified as carrying Russian Urals crude above the U

Crude Oil Prices fall sharply: Know the reason here

Oil prices went down on Thursday after they had gone up by more than 1%. This happened because OPEC+ oil producers agreed to cut their oil output by almost 2 million barrels per day for early next year. Each country will announce how much they are cutting separately. Saudi Arabia, Russia, and other OPEC+ members, who produce more than 40% of the world's oil, had a virtual meeting on Thursday to discuss their oil output in 2024. They are worried about the possibility of having too much oil in the market. OPEC+ said the new agreement would involve cutting almost 2 million barrels per day. Saudi Arabia will continue its voluntary cut of 1 million barrels per day that started in July. Their current output of around 43 million barrels per day already includes cuts of about 5 million barrels per day, aiming to support prices and stabilize the market. The additional cuts for the first quarter of 2024 will be voluntary, with each country announcing its cut separately. However, there's

Crude Oil Prices surge amid OPEC+ expectations- Key points to consider

Global oil prices went up on Thursday because people expected that in the OPEC+ meeting today, they would decide to keep limiting the amount of oil they produce until 2024.  Brent crude is now at $83.18 per barrel, going up by 0.72% today, and West Texas Intermediate crude is at $78.29 per barrel, rising by 0.76% today. This is the third time in a row that oil prices have increased because there is not a lot of oil available, and the dollar is not very strong. Yesterday, oil prices also went up because people were hopeful that OPEC+ (which includes OPEC and other countries like Russia) would agree on something that would keep oil prices high. Even though there was some not-so-good news about oil supplies, like more oil in the U.S. and China's factories slowing down, it didn't really affect the prices much. China's factories are making less stuff for the second month in a row, and the U.S. has more oil stored than expected, which usually means people aren't buying a lot.

Crude Oil Prices increase for two continuous Days

Oil prices went up in Europe today because the dollar is not as strong compared to other major currencies. In the US, the cost of crude oil increased by 2.1% on Tuesday, and Brent, another type of crude oil, went up by 1.75%. This is the first time in five days that there has been a profit in the oil market. Initial information from the American Petroleum Institute suggests that the amount of crude oil in the US has gone down in the past week, but we're waiting for the official data to confirm this later today. People are also expecting that OPEC+, a group that includes Russia, will continue and possibly increase efforts to reduce oil production in their meeting on Thursday. This expectation is helping to drive up oil prices. OPEC+ is meeting online tomorrow to talk about their production plans for 2024 and to resolve disagreements with African producers regarding production targets. The meeting was delayed by four days because some oil-producing countries are against making deeper

Crude Oil prices rise after storm hits Russian exports

Oil prices went up on Wednesday due to a storm in the Black Sea causing disruptions in oil exports from Kazakhstan and Russia. This raised concerns about a potential shortage in the oil supply. Investors were eagerly anticipating a crucial decision from OPEC+, wondering if they would deepen or extend output cuts. Brent crude futures increased by 0.4%, reaching $82.01 a barrel, while US West Texas Intermediate (WTI) crude futures climbed 0.6% to $76.86 a barrel. On Tuesday, both benchmarks experienced a 2% gain driven by speculations that OPEC+ might extend or deepen supply cuts. Concerns over Kazakh oil output and a weaker US dollar also contributed to the price surge. A severe storm in the Black Sea region disrupted approximately 2 million barrels per day of oil exports from Kazakhstan and Russia, as reported by state officials and port agent data. Kazakhstan's largest oilfields are cutting daily oil output by 56% from November 27, according to the Kazakh energy ministry. Hiroyuki

Top 5 Factors That Affect the Price of Crude Oil

Crude oil prices can go up or down because of several reasons. Here are five main factors that can make oil prices change: Supply and Demand:   If more people want oil than there is available, prices go up. If there's too much oil and not enough people want it, prices go down. This is influenced by things like world events, how well economies are doing, and how much stuff is being made. New ways of getting oil and using different kinds of energy can change how much people think oil is worth. If there are better ways to get energy, like using the sun or wind, it can make oil less important. This can affect how much people are willing to pay for oil. Macroeconomic Indicators:   Big economic signs, like how much a country is making (GDP), how prices are changing (inflation), and how much it costs to borrow money (interest rates), can impact oil prices. If an economy is doing well, it usually needs more oil, and prices can go up. Currency Strength:   The value of the U.S. dollar is lin

Crude oil Price start rising: Reasons why Brent oil price going upside

 Oil prices went up on Tuesday, ending a several-day period of losses. This happened before an important meeting of the oil group Opec+, where they are likely to decide to cut oil production more to balance it with demand.  Brent crude futures were $80.43 per barrel, and US West Texas Intermediate crude futures were $75.38 per barrel. Opec+ will meet on November 30 to talk about how much oil they should produce in 2024.  The increase in oil prices is linked to expectations that Opec will lower its production limits. The US, a non-Opec country, producing a lot of oil has also put pressure on prices.  The hope is that by reducing oil production, prices will go up, and this might be supported by the fact that fuel prices in the US have been falling for 60 days, making them more open to tightening oil markets.

Crude oil News: 3 Important events that will decide Crude oil price forecast

On Monday, November 27, the cost of crude oil went down. Brent, a specific type of crude oil, was moving closer to $80 for each barrel. This drop happened because investors were waiting for a meeting involving the Organization of the Petroleum Exporting Countries and their allies (OPEC+). Below are 3 key events that will decide Crude oil price forecast- OPEC+ Plan Oil prices went up from $78 to $89 because Saudi Arabia and Russia decided to continue reducing oil production by 1.3 million barrels per day until the end of the year. This decision was made during the OPEC+ meeting on October 4. The meeting also kept the production quotas steady, which contributed to a drop in oil prices that day. OPEC meetings are usually associated with significant changes in oil prices. Federal Decision The increase in oil prices can lead to higher inflation, and there are concerns that the Federal Reserve might need to raise interest rates. The Federal Open Market Committee (FOMC) is scheduled to decide

Crude oil prices: Ahead of OPEC+ meeting, Brent crude oil keep falling to $80 per barrel

On Monday, November 27, the cost of crude oil went down. Brent, a specific type of crude oil, was moving closer to $80 for each barrel. This drop happened because investors were waiting for a meeting involving the Organization of the Petroleum Exporting Countries and their allies (OPEC+). They were expected to meet later in the week to discuss and agree on limiting the amount of oil produced until 2024. Last week, both of these contracts went up slightly, marking their first weekly gain in five weeks. This increase was based on the belief that Saudi Arabia and Russia might continue reducing their oil supply voluntarily into early 2024. There were also expectations that OPEC+ would discuss plans to further decrease production. However, oil prices fell in the middle of the week when OPEC+, including Russia, postponed a ministerial meeting to November 30 to resolve differences in production targets for African producers. Despite this, the United Arab Emirates plans to increase exports of

Can we Buy Shares Using Credit Card in India ?

Can we use credit card to buy shares in India?  Can I buy shares with my credit card?  Where can I buy stocks without  Zerodha, Upstox, 5Paisa, Angel one brokers  in share market ?  These are popular queries asked by share market traders in India. Answer- In India, there is common question if shares can be bought using credit card. But we can not buy shares using credit card in India. We need to have demat account to buy shares. Without demat account, shares can not be bought in Indian shock market. You can use credit card to invest some money in demat account through bank account. But buying shares without demat account is not possible at all. In general rule, you should never buy shares using credit card. For short term, credit card may be used to get some fund into account but you should not do it. It is kind of taking loan for trading and if you lose money in stock market (which beginners generally do), then it may become huge stress for you. Interest rate in credit card is general

Can US Citizens Buy Property in Canada? Can I invest in Canada from USA?

If you are American and want to invest or purchase any house, land, property in Canada, then you should follow certain rules of Canada government for both commercial and residential property.  Answer-  Yes, Americans can buy property in Canada. In general, Canada's laws governing the ownership of real estate by non-residents are open and transparent.  If you're a foreigner planning to purchase real estate in Canada, keep the following things in mind: Citizenship Type: No citizenship or residence requirements exist in Canada, making it possible for anybody to acquire property there. Property, including residential and commercial real estate, can be freely purchased by non-residents. Property Types: A wide range of assets, including homes, condominiums, apartments, vacant land, and commercial real estate, are available for purchase by foreign purchasers. Financing: Foreign purchasers may apply for a mortgage in Canada, but the terms and requirements may differ from those that app

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My name is Mini & I am admin of this website. I like to write news articles related to various topics. My interest area is to explore new trends worldwide.

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