Latest News
Chevron Advances in Venezuela With $7B Plan to Boost Output to 600,000 bpd
Chevron (CVX) shares gained 0.58% to $212.28 after announcing a $7B Venezuela expansion targeting 600,000 bpd, but investor skepticism persists over political stability.
US-Backed Venezuela Oil Push Targets 65B Barrels, But Supply Lags
A US-backed venture secured 100-year concessions for 65 billion barrels in Venezuela, but Chevron's $7B plan won't boost supply until 2031. Brent settled at $95.63.
Dutch Gold Vault Shift Boosts Liquidity as Bullion Rebounds 1.1%
Gold rebounds 1.1% as Dutch central bank moves 86 tonnes to London, boosting liquidity without altering reserves. Lower yields support prices.
Woolworths NZ Margin Squeeze Deepens as 130 Jobs Face Sydney Shift
Woolworths proposes relocating 130 NZ customer care roles to Sydney, highlighting a stark margin gap: NZ food EBIT margin is 1.9% vs 5.5% in Australia.
Palantir Stock Slides 5.9% as Google Cybersecurity Push Tests Rich Valuation
Palantir shares dropped 5.9% to $169.31 after Google unveiled a cybersecurity model for governments, intensifying competition and spotlighting PLTR's steep 50x revenue valuation.
Petrobras Shares Surge 3.1% on Brent Rally, Record Output
Petrobras ADRs advanced 3.1% to $20.96 as Brent crude approached $96, with Q2 free cash flow more than doubling to $7.7 billion.
Bradesco ADRs Surge 3.9% as Real Strength Boosts Recovery Rally
Bradesco ADRs climbed 3.9% to $3.45, buoyed by a stronger Brazilian real. Investors face a capital increase deadline on September 4.
Small Caps Surge 1.2% as Trading Volume Signals Broad Risk Appetite
Small-cap stocks outperformed on Tuesday, with the Russell 2000 up 1.2% on unusually high volume, while materials led sectors and tech lagged. ADP payrolls missed forecasts, but oil's rise above $90 remains a risk.
Block Stock Jumps 5.7% as Cash App Growth Offsets Rising Credit Costs
Block shares climbed 5.7% after Cash App's gross profit surged 31%, offsetting worries about a spike in credit losses. The stock trades at $82.30.