Oil rally stalls despite surprise fall in US stocks

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Oil rally stalls despite surprise fall in US stocks

TOKYO (Reuters) – Oil slipped on Thursday, stalling a rally driven by a surprise fall in U.S. crude inventories that added to bullishness over expectations progress on vaccines may end the coronavirus pandemic and revive fuel demand. FILE PHOTO: Crude oil …
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How COVID will affect Black Friday, holiday sales and the future of retail: Ex-Nordstrom executive

Black Friday marks the start of the holiday shopping season — yet this season doesn’t resemble any that came before. Continue Reading Below. COVID-19 has sent shock waves rippling across the globe, hitting the retail sector especially hard. The disease …
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Stocks making the biggest moves in the premarket: Merck, Korn Ferry, Regeneron & more

Take a look at some of the biggest movers in the premarket: Merck (MRK) – Merck is buying privately-held drug maker OncoImmune for $425 million cash. OncoImmune is a developer of drugs designed to treat Covid-19, cancer and other diseases, and its …
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Tesla (TSLA) secures battery cell supply from LG Chem for Model Y production in China

Tesla has recently announced plans to produce its own battery cells, but it will take years before it can ramp up production to support its electric vehicle programs and the automaker said that it still plans to use a mix of suppliers for the foreseeable future.
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Trafigura signs cobalt deal with DRC

Trafigura has signed a deal with the Congolese government to help improve conditions at informal mining sites in return for supplies of the battery metal cobalt. The Geneva-based commodity trader said it would finance the creation of up …
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