rises Archives - Zxcoachoutlet

US rig count rises for 4th straight week

October 10, 2020

| No Comments

| business

Permian tally rises to 130

Mella McEwen, MRT.com/Midland Reporter-Telegram

Oct. 9, 2020Updated: Oct. 9, 2020 5:55 p.m.

The U.S. rig count continues to claw its way back from record lows brought about by the COVID-19 pandemic and oil market crash.

Baker Hughes, which has tracked the rig count weekly since the 1940s, reported Friday that the rig count posted its fourth consecutive rise, rising three rigs to 269 at work nationally. There were 193 rigs drilling for oil, up four for the week, and 73 drilling for natural gas, down one for the week. The rig count is 587 rigs below the 856 at work this time a year earlier.

Texas added three rigs for 116 at work statewide, down 304 from the

HCA Healthcare Rises on Third-Quarter Revenue Outlook

October 9, 2020

| No Comments

| business

HCA Healthcare (HCA) – Get Report was rising Friday after the hospital operator provided third-quarter revenue guidance that exceeded Wall Street’s expectations.

Shares of the Nashville-based company were up 2.5% to $135.10.

HCA said it expects revenue to roughly total $13.3 billion, up from $12.69 billion a year ago, and ahead of FactSet’s call for revenue to be flat with a year earlier.

The company said it expects income before income taxes to come to $950 million, down from $979 million a year ago.

This reflects a reversal of $822 million in government stimulus income recorded in the second quarter of 2020 related to general distribution funds under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

HCA said it will return, or repay early, about $6 billion of government assistance funds received as part of the CARES Act.

The company said had taken a conservative approach during

S&P 500 rises again, on pace for its best week since July

October 9, 2020

| No Comments

| business

NEW YORK (AP) — Stocks are rising on Wall Street Friday as talks appear to be continuing in the start-and-stop drive on Capitol Hill to deliver more aid to the ailing economy.

The S&P 500 was 0.4% higher in morning trading, on track for its third straight gain. It’s also on pace to close out its best week since July, following a weekslong run of mostly shaky trading amid worries about the inability of Congress to support the economy and concerns that stock prices simply got too high during the summer.

The Dow Jones Industrial Average was up 41 points, or 0.1%, at 28,467, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.8% higher.

Despite the market’s early gains, trading underneath the surface continued to be unsettled. Airline stocks climbed at the start of trading, only to drop quickly, for example. Energy stocks went from helping to

Jobs, Not Tax Rises, the Priority for Now, UK’s Sunak Says | Investing News

October 8, 2020

| No Comments

| business

By Guy Faulconbridge and William Schomberg

LONDON (Reuters) – Britain will prioritise trying to save jobs over tax rises while the COVID-19 pandemic batters the economy, though record borrowing and a $2.6 trillion debt pile cannot be sustained for ever, finance minister Rishi Sunak said on Tuesday.

Prime Minister Boris Johnson is grappling with one of the worst economic hits to Britain in three centuries and Sunak has repeatedly warned that relying on such vast borrowing from the bond markets could trigger a financing crunch in the long term.

But with companies from airlines to pubs shedding hundreds of thousands of jobs and government spending soaring, Sunak is looking at ways to boost state revenue.

“The priority right now is on jobs,” Sunak told Sky News when asked about possible tax rises. “My overwhelming focus at the moment is trying to protect and support as many jobs as possible.”

Asked

Dollar Rises After Trump Calls off U.S. Stimulus Negotiations | Investing News

October 8, 2020

| No Comments

| business

NEW YORK (Reuters) – The dollar gained on Tuesday after U.S. President Donald Trump said he called off negotiations with Democrats on a new coronavirus relief package, putting the economic recovery in question and prompting a move to safe haven assets like the greenback.

Trump, a day after leaving the hospital for COVID-19 treatment, said he instructed his representatives to stop negotiating on a new fiscal stimulus bill until after the Nov. 3 U.S. election.

Stocks dropped and Treasuries rallied on Trump’s statement, which came via Twitter.

“This is just not good for the economy and that’s why we’re seeing a strong risk off move here,” said Edward Moya, senior market analyst at OANDA in New York.

The U.S. economic recovery is far from complete and could still slip into a downward spiral if the coronavirus is not effectively controlled and growth sustained, Federal Reserve Chair Jerome Powell said on

Oil Rises After Biggest Surge Since May on Stimulus Optimism

October 6, 2020

| No Comments

| business

(Bloomberg) — Oil rose further after the biggest gain since May on growing optimism for more U.S. fiscal stimulus and as President Donald Trump left hospital following treatment for Covid-19.

Futures added 1.2%, following Monday’s surge above $39 a barrel. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will resume talks on Tuesday on another round of pandemic relief funding, but there’s no sign yet they are close to a deal despite Trump’s urging to get it done. The president will recuperate in the White House after his diagnosis last week roiled markets and pushed oil into the biggest weekly loss since June.

chart: Oil reverses last week's losses when it plunged to a three-week low

© Bloomberg
Oil reverses last week’s losses when it plunged to a three-week low

Crude rose on Monday as part of a broader market relief rally, and aided by a strike in Norway that has shut fields and is curbing flows. Masses of people in China

U.S. service sector activity rises above pre-pandemic level in September – ISM survey

October 5, 2020

| No Comments

| business

WASHINGTON, Oct 5 (Reuters) – U.S. services industry activity picked up in September, pulling above a level that prevailed before the COVID-19 pandemic struck the nation, amid increases in new orders and employment.

The Institute for Supply Management (ISM) said on Monday its non-manufacturing activity index rose to a reading of 57.8 last month from 56.9 in August. That put the index just above its 57.3 level in February.

A reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of U.S. economic activity. Economists polled by Reuters had forecast the index slipping to 56.0 in September.

The improvement in services industry activity fits in with expectations for a record rebound in economic growth in the third quarter after a historic plunge in gross domestic product in the April-June period. The economy got a boost over the summer from fiscal stimulus.

Growth has,

CANADA FX DEBT-Canadian dollar rises to 2-week high as stock markets rally

October 5, 2020

| No Comments

| business

* Canadian dollar rises 0.3% against the greenback

* Loonie notches its strongest since Sept. 21 at 1.3263

* Price of U.S. oil increases 4.7%

* Canadian bond yields climb across a steeper curve

TORONTO, Oct 5 (Reuters) – The Canadian dollar strengthened
to a two-week high against its U.S. counterpart on Monday,
tracking improvement in risk appetite ahead of domestic data
later in the week that could help guide expectations about the
strength of economic recovery.

Global shares and the price of oil, one of Canada’s
major exports, rose as suggestions U.S. President Donald Trump’s
health was improving brought relief to markets and after U.S.
House Speaker Nancy Pelosi said progress was being made on
additional fiscal stimulus.

U.S. crude oil futures climbed 4.7% to $38.78 a
barrel, while the Canadian dollar was trading 0.3% higher
at 1.3268 to the greenback, or 75.37 U.S. cents. The currency
touched its

CAC 40 Rises On Optimism Over US Stimulus

October 5, 2020

| No Comments

| business

(RTTNews) – French stocks rose on Monday, with U.S. President Donald Trump’s health outlook and U.S. stimulus talks remaining in focus.

Trump has “continued to improve” as he is treated for Covid-19, his doctors said Sunday, and indicated that he could return to the White House later today.

In another development, U.S. House Speaker Nancy Pelosi said that likelihood of a rescue package has risen.

The Covid-19 situation remains a major worry, with Paris on the verge of being placed on maximum alert.

The benchmark CAC 40 climbed 40 points, or 0.8 percent, to 4,863 after edging up marginally on Friday.

In economic releases, the euro area private sector expanded only marginally in September as the service sector slipped back into contraction, while manufacturing output grew the most in over two-and-a-half years, final survey data from IHS Markit showed.

The composite output index fell to a three-month low of 50.4

Boosted by postive reports from Trump doctors, oil fears dissipate as commodity rises 2% Monday

October 5, 2020

| No Comments

| business

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.

SINGAPORE – Oil prices rose about 2% on Monday, lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive test for COVID-19 sparked widespread alarm.

Trump’s health update eased political uncertainty in global markets, pushing Brent up to $39.96 a barrel by 0232 GMT, gaining 69 cents or 1.8%. U.S. West Texas Intermediate (WTI) crude was at $37.81 a barrel, up 76 cents, or 2.1%.

Prices had slumped more than 4% on Friday amid uncertainty surrounding Trump’s health, adding to concern that rising coronavirus case numbers that could dampen global economic recovery.

AMERICAN OIL REFINERIES RACE TO PRODUCE RENEWABLE DIESEL AHEAD OF CANADIAN COMPETITION: REPORT

But analysts said Monday’s rebound was driven by an easing of the worst fears