Author: super@dmin
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: Exxon vows to cut carbon emissions from operations to ‘net zero’ but won’t exit fossil fuels
Exxon has emission-reduction plans for major facilities and assets and can profitably navigate the global shift toward renewable energy sources.
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Bond Report: 10-year Treasury yield surges above 1.80% to 2-year high as traders price in chance of a 50 basis point hike by the Fed
The yield on the 10-year Treasury note surges Tuesday as U.S. investors return from a three-day holiday.
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Metals Stocks: Gold futures trade flat to start week as firmer dollar, rising yields cap moves
Gold futures on Tuesday trade slightly lower, despite rising Treasury yields to highs not seen since 2020 and the dollar strengthened.
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: Microsoft bets on the metaverse with $69 billion deal for Activision Blizzard
Microsoft Corp. plans to acquire Activision Blizzard Inc. in its largest deal yet as it looks to boost its gaming business.
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Earnings Results: Goldman Sachs profit drops below Wall Street expectations
Wall Street firm’s fourth-quarter results fall short as its asset management and global markets units weighed, while investment banking, asset management rose.
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Economic Report: New York economy sags in January, Empire State survey shows
The Empire State survey of business conditions nosedived to -0.7 points in January from 31.9 in the prior month, the New York Federal Reserve said, reflecting fresh strains from omicron as well as ongoing supply-chain bottlenecks.
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Europe Markets: Key German bund on precipice of positive yield
The benchmark German 10-year bund was on the precipice of having a positive yield for the first time in three years.
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Futures Movers: Crude prices tap 2014 highs after Abu Dhabi oil facility attack, and Goldman calls for Brent above $100 by 2023
Oil prices jump Tuesday, with gains sparked by fresh geopolitical tensions in the Persian Gulf.
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Need to Know: Brace for a volatile 2022, but cling to this tech stalwart when the storm comes, says investment adviser
Our call of the day is rooting for Apple, which Wedgewood Partners says has built a semiconductor business that rivals even established competitors.
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: Xi Jinping warns Fed against hiking interest rates
Chinese President Xi Jinping took to the virtual stage at Davos to address Fed Chair Jerome Powell — please don’t lift interest rates.