U.S. oil major Exxon Mobil Corp has withdrawn its WCC liquefied natural gas (LNG) export project in Canada from an environmental assessment, it said on Thursday, signaling that the project has been shelved

LNG demand is growing but environmental groups say exports will boost carbon emissions in Canada, both through gas extraction and the liquefaction process.

The WCC LNG export project planned to have liquefaction and storage facilities for natural gas, loading facilities and third-party pipeline facilities.

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China is being forced to retaliate against the United States in their trade dispute, and U.S. exporters including suppliers of liquefied natural gas would “certainly” be hurt, said Chinese vice commerce minister Wang Shouwen.

StockMarketNews.Today – The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s two biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.

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Natural-Gas: Prices in Europe and Asia Plummet to Historic Lows

 ◊ Natural Gas News Today ◊ ♦ Natural Gas – Stock Market News ♦ … — Natural-gas prices in Europe and Asia have plummeted this year to historic lows in the midst of reduced demand, the trade dispute with China and brimming storage facilities in Europe. The biggest driver of falling prices, though, has been the […]

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Turmoil In Global Gas Market

◊ Natural Gas News China ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ Chinese importers threatening to cancel up to 70 per cent of seaborne imports in February as demand collapses and companies struggle to staff ports. The move by China, the world’s second-largest importer of liquefied natural gas, has sent prices to their lowest level on record and […]

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Boring Co’s Las Vegas Tunnel To Be Operational In 2020

⇑⇓ STOCK MARKET NEWS TODAY — BUSINESS & FINANCIAL NEWS ⇓⇑ StockMarketNews.Today — Elon Musk, founder of tunneling enterprise Boring Company, said in a tweet that a commercial tunnel in Las Vegas would “hopefully” be fully operational in 2020. “Boring Co is completing its first commercial tunnel in Vegas, going from Convention Center to Strip, […]

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Venezuela Oil Sanctions Likely to Hit Some U.S. Refiners. Profit margins for turning heavy crude into gasoline and diesel have slumped to the lowest level in more than a year

The Trump administration has drafted a slate of sanctions but hasn’t decided whether to deploy them, said people familiar with the matter. Earlier this month, White House officials warned U.S. refiners that sanctions were being considered, and advised them to seek alternative sources of heavy crude. Some U.S. refiners worried about sanctions experimented with alternatives last year before ultimately returning to Venezuelan crude.

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OPEC Wants To Raise Oil Prices

◊ OPEC and Oil Prices News ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ The coronavirus outbreak has interrupted economic activity in China with entire cities on lockdown and travel restrictions putting a huge dent in demand for oil. Quite how much this will hit crude demand is unclear — but Chinese energy executives have said oil consumption in […]

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Day Trading: 3 Things Under The Radar This Week

◊ Day Trading News ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ Although closing Friday on a down note, stocks rallied sharply this week as the coronavirus, earnings and employment data took most of investors’ attention (along with the wild swings in Tesla). But among things that may have gone overlooked, two U.K. companies that could be surfing the […]

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Tesla Resume Production In Shanghai

◊ Tesla Production In Shanghai ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ U.S. electric carmaker Tesla‘s factory in China’s financial hub of Shanghai will resume production on Feb. 10 with assistance to help it cope with a spreading epidemic of coronavirus, a Shanghai government official said on Saturday. Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic […]

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Wall Street Slips After Jobs Report

◊ Stock Market News Jobs Report ◊ StockMarketNews.Today Wall Street pulled back from record levels on Friday, as investors assessed the U.S. employment report that showed jobs growth accelerated in January but included a downward revision to some previous numbers. Nonfarm payrolls increased by 225,000 jobs last month, the Labor Department’s data showed, much higher […]

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Amazon Says It Will Create 15,000 Jobs In Bellevue

StockMarketNews.Today — Amazon said it expects to bring the 15,000 jobs to Bellevue over the next few years. More than 2,000 employees currently work in Bellevue, and the company has about 700 job openings in the city. The company opened its first office building in Bellevue in 2017. The city is also where Amazon got […]

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Ferrari Tempers 2020 Expectations With Cautious Upgrade

Today’s Stock Market News — Demand for Ferrari’s Portofino and 812 Superfast models helped the Italian supercar maker hit profit targets for last year though it only a provided cautious upgrade to its outlook for 2020. Ferrari (NYSE:RACE) said it planned to boost adjusted earnings before interest, tax, depreciation and amortization (EBITDA) to 1.38 billion-1.43 […]

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Financial Markets – Top 5 Things to Watch This Week

Stock Market News — Financial markets in mainland China are set to reopen on Monday, after the holiday for the Lunar New Year was extended by the government amid the Coronavirus outbreak. Investors will continue to monitor the global economic fallout from the virus’s progression, which has largely overshadowed earnings season so far. Disney , […]

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Today’s Stock Market News { 1 February, 2020 }

Today’s Stock Market News — U.S. equity markets wiped out their gains for the year on Friday, following European and Asian shares lower as concern escalated about the impact of the coronavirus on global growth. The death toll from the epidemic had risen to 213, Beijing said, with another 9,811 confirmed cases worldwide and a […]

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Traders Pay Up For Protection Against Sharp Falls In US Stocks

Stock Market News Today— Traders have been scrambling to protect themselves from a collapse in US stocks, spooked by the coronavirus outbreak, the looming presidential race and the sheer strength of last year’s rally. The US equity market climbed 29 per cent in 2019 and started this year strongly, but the spreading nervousness has sent […]

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Stock Market: Microsoft Earnings Preview

♦Microsoft Earnings Preview♦ Stock Market —- Microsoft Stock Forecast 2020 * Reports Q2, 2020 results on Wednesday Jan. 29, after the market close * Revenue Expectation: $35.67 billion * EPS Expectation: $1.32 When Microsoft Corporation (NASDAQ:MSFT) releases its latest quarterly earnings today, it will provide investors with confidence that one of the bull market’s dominant […]

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Moody’s Cuts Hong Kong Rating

♦ Today’s Stock Market News – Tuesday, 21 January, 2020 ♦ ◊ Stock Market News Today – Tuesday, 21 January, 2020 ◊ StockMarketNews.Today — Moody’s has cut Hong Kong’s credit rating, saying the government’s “slow” and ineffective response to months of protests has prompted it to reassess the Chinese territory’s institutional strengths and governance. Hong […]

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Visa To Buy Fintech Plaid in $5.3bn Deal

♦ Visa To Buy Fintech Plaid ♦ Visa agreed to acquire Plaid, a group that connects fintech companies with their customers’ bank accounts, for $5.3bn in the latest large tech-focused deal by the payments company. The acquisition of the Silicon Valley company, which is backed by high profile tech investors including Mary Meeker and Andreessen […]

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Today’s Stock Market News – Monday, 13 January, 2020

♦ Tech Sector Leads Stocks Higher ♦ StockMarketNews.Today — U.S. equities rose, led by shares of technology companies, in a week expected to be dominated by the start of earnings season and the signing of a partial China trade deal. Apple, Tesla and Microsoft  pushed the Nasdaq Composite Index higher. The Stoxx Europe 600 swung […]

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China’s Currency Extends 2020 Rally

♦ Chinese Currency News ♦ StockMarketNews.Today — China’s currency has gained further momentum — wiping out the heavy losses it took over the summer — amid cooling tensions between Beijing and Washington. The renminbi rallied as much as 0.5 per cent against the US dollar, crossing the Rmb6.9 mark for the first time since August […]

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Stock Market News: The U.S. and China Have Agreed to Restart Semi-Annual Talks Aimed at Resolving Economic Disputes

Today’s Stock Market News – Sunday, 12 January, 2020 ⇑⇓ Stock Market News Today ⇓⇑ — The United States and China have agreed to restart semi-annual talks aimed at resolving economic disputes between the two countries, a process abandoned at the start of the Trump administration as a trade conflict between the countries escalated. An official […]

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U.S. Job Growth Slows – Unemployment Rate Steady At 3.5%

Stock Market News — U.S. job growth slowed more than expected in December, but the pace of hiring remains more than enough to keep the longest economic expansion in history on track despite a deepening downturn in a manufacturing sector stung by trade disputes. The Labor Department’s closely watched monthly employment report on Friday also […]

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Today’s Stock Market News – Friday, 10 January, 2020

◊ Stock Market News Today – Friday, 10 January, 2020 ◊ StockMarketNews.Today — Stocks march higher as Middle East tensions ease… World stocks set new record highs on Friday and the prices of safe-haven assets such as gold pulled back as investors cheered an apparent de-escalation in U.S.-Iran tensions and looked instead to prospects of […]

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How To Start Investing In 2020

⇑⇓ STOCK MARKET NEWS TODAY — BUSINESS & FINANCIAL NEWS ⇓⇑ StockMarketNews.Today — Over half of Americans (55%) say they are not participating in the stock market, according to a 2019 poll of over 8,000 U.S. adults conducted by MetLife. Gen Z (18 to 24) and millennials (defined here those 25 to 34) are opting […]

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Goldman Says Oil Rally Likely Shortlived

⇑⇓ STOCK MARKET NEWS TODAY — BUSINESS & FINANCIAL NEWS ⇓⇑ StockMarketNews.Today — A flare-up in U.S.-Iran tension may be keeping oil elevated, but an actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc . Price risks for Brent, which has surged about 6% […]

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Will Recession Strike In 2020?

⇑⇓ STOCK MARKET NEWS TODAY — BUSINESS & FINANCIAL NEWS ⇓⇑ StockMarketNews.Today — Year-end is the traditional time to forecast the economy and ensure that your investment portfolio can handle future shocks. Habitual worrywarts—including some practitioners of the dismal science—see ominous signs that America’s record-breaking expansion will soon end. Meanwhile, most stock market pundits see […]

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China’s Had Another Record Year Of Corporate Bond Defaults

StockMarketNews.Today — A decade ago, defaults almost never happened, but that wasn’t because companies in China were always healthy. It was a reflection of the tightly controlled financial system, where companies were often linked to the government and bonds were largely bought by state-owned lenders. Authorities have often stepped in to ensure that financially troubled […]

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Stock Market News: 5 Things To Watch For In Global Markets In 2020

⇑⇓ STOCK MARKET NEWS TODAY — BUSINESS & FINANCIAL NEWS ⇓⇑ StockMarketNews.Today — 1. No end in sight to the U.S.-China struggle for supremacy. The trade war between the U.S. and China, which hobbled the world economy almost single-handedly in 2019 is likely to leave deep marks on 2020 too. The International Monetary Fund estimated […]

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US MARKETS: Dow Set To Gain 100 Points At The Open

◊ U.S. Market Futures Today ◊ StockMarketNews.Today — U.S. stock index futures pointed to a higher open on Friday as optimism continues to drive year-end rally. Futures on the Dow Jones Industrial Average were up 96 points, pointing to a higher start of about 105 points. Futures on Nasdaq and S&P 500 traded higher too. […]

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Stock Market Correction 2020

• StockMarketNews.Today • As investors celebrate the outsized gains they made in the stock market in 2019, they may be getting ready to sell some of their winners once 2020 begins. Investors Bet on Volatility Comeback in 2020 There’s little to stand in the way of the rising stock market at this point as it drifts, […]

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Best Stock Trading Platform In Europe {2020}

⇑⇓ Best Trading Platform Europe ⇓⇑ StockMarketNews.Today — what is the best stock trading platform in Europe for 2020? ….  How To Choose The Best Online Broker in Europe { 2020 } … Best Online Trading Platform. Start Trading Now or Try a FREE Demo Account. To evaluate brokers, you should look at the following factors: >>> Commissions […]

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Best Stock Market Sectors For 2020

♦ Stock Market Predictions For 2020 ♦ StockMarketNews.Today — After another big year for the stock market and the U.S. economy in 2019, investors are looking ahead to 2020 to determine which sectors will lead the next phase of the decade-long bull market. The technology sector has once again been the top-performing sector in 2019, […]

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Stock Market News – (Today – 20/12/2019)

StockMarketNews.Today — As end-December approaches, money market players’ thoughts may be turning to a September scare, when rates in the $2.2 trillion U.S. repurchase or repo market spiked to 10%, boosting the premium to borrow dollars. The fear is a bigger crunch may erupt in the $2.2 trillion U.S. repo market towards year-end, a period when […]

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Best Books For Making Money { 2020 }

◊ Best Books For Making Money ◊ #1 – The Book on Making Money After skipping college, Steve Oliverez worked a series of low-paying jobs before setting a remarkable goal for himself – to double his income every year. In The Book On Making Money, he reveals what he learned while successfully hitting this goal […]

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Today’s Stock Market News – Economic Calendar

⇑⇓ Stock Market News Today – Business & Financial News ⇓⇑ The last full trading week of 2019 looks set to be an exciting one with the trade roller-coaster still not over despite the announcement of a “phase-one” deal between the U.S. and China. The Brexit process could finally get underway after a landslide victory […]

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China Suspends Planned Tariffs Scheduled For Dec. 15

⇑⇓ StockMarketNews.Today – Stock Market News Today ⇓⇑ China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council’s customs tariff commission said on Sunday, after the world’s two largest economies agreed a “phase one” trade deal on Friday. The deal, rumors and leaks over […]

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The New Trade Deal Could Help Boost The Global Economy Next Year

Expulsions: Brutality and Complexity in the Global Economy Soaring income inequality and unemployment, expanding populations of the displaced and imprisoned, accelerating destruction of land and water bodies: today’s socioeconomic and environmental dislocations cannot be fully understood in the usual terms of poverty and injustice, according to Saskia Sassen. They are more accurately understood as a […]

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Stocks To Buy Today {2020}

Soon, 2019 will be over… therefore it’s time to start looking at some of the top stocks to buy for 2020. ⇑⇓ Today’s Stock Market Quotes ⇓⇑ United Technologies (UTX). Following a strategic review, the company decided it would spin off its Otis elevator and Carrier heating/air conditioning businesses. Once the transactions are completed (expected sometime during […]

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Week Ahead: Brexit Deal Failure Will Rattle Markets

◊ The Week Ahead in Business and Finance ◊ The Week Ahead – Stock Markets All times listed are EDT. Sunday 21:30: China – PBoC Interest Rate Decision Monday 20:30: Australia – RBA Meeting Minutes: expected to provide additional insights into current—and possibly future—Aussie interest rate policy. Tuesday 8:30: Canada – Core Retail Sales: anticipated […]

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Commodity Market Insights

Prospects for a “mini” trade deal between the U.S. and China leading to further progress have lifted agricultural commodities, taken the wind out of gold and left energy markets unimpressed. Energy CRUDE OIL prices fell for the first time in four days yesterday despite the announcement of the first steps in a trade deal at […]

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Investors Lose Appetite for Shale

◊ BUSINESS & FINANCIAL NEWS – STOCK MARKET NEWS TODAY ◊ … Smaller drillers, which account for sizable part of U.S. oil production, are struggling to pay off hefty debt burdens. Bankruptcies are rising in the U.S. oil patch as Wall Street’s disaffection with shale companies reverberates through the industry. Twenty-six U.S. oil-and-gas producers including Sanchez […]

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Hurricane Dorian Likely to Hit Florida

◊ Hurricane Dorian 2019 Florida ◊ ♦ Hurricane Dorian News Today ♦ … — Tropical Storm Dorian is expected to become a hurricane as it barrels toward Puerto Rico, where residents are preparing for a lashing of heavy rains and high winds that will test the island two years after Hurricane Maria’s devastation. The outer […]

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U.S. Removes Some Items From China Tariff List

◊ Business & Financial News – Stock Market News Today ◊ ◊ US Removes Some Items From China Tariff List ◊ The United States Trade Representative office said Tuesday certain items were being removed from the new China tariff list because of “health, safety, national security and other factors” while tariffs on other items would […]

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Financial Markets: Turnaround Tuesday

◊ Financial Markets On Tuesday — August 6 ◊ Top Five Things You Need To Know In Financial Markets Today: 1. U.S. labels China “currency manipulator” The U.S. Treasury officially labeled China as a currency manipulator after the People’s Bank of China allowed the Chinese yuan to fall below 7 per dollar on Monday in […]

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Financial Markets: Top 5 Things To Watch This Week

< StockMarketNews.Today > … Financial Markets: Top 5 Things To Watch This Week … Worries over mounting trade tensions look set to dominate market sentiment this week after U.S. President Donald Trump raised the stakes in the Sino- U.S. trade war and Beijing pledged to retaliate. INSIGHTS › How To Choose The Best Online Broker How To Start […]

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How To Start Commodity Trading

◊ Commodity Trading ◊ Trading commodities online is a relatively simple process, but it is not an activity that you should pursue without doing lots of homework. The traditional method of calling a commodity broker to place orders and waiting for a call back to give you a filled order price is less efficient than […]

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10 Emerging Businesses That Nobody Saw Coming…

Burgeoning Business… Global industry doesn’t stand still for very long, and there are quite a few disappearing industries — but what is taking their place? … We took a look around the business landscape and found several industries that seemed to appear from nowhere … at least to those who weren’t paying attention … 1 […]

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Shell Aims To Become The World’s Largest Electricity Company

Shell aims to become the world’s largest electricity company without necessarily generating very much power… The Anglo-Dutch company last month detailed its plans to transform into a cleaner business centered on selling electricity. Hoping to capture the most profitable part of the business, Shell’s power strategy will be light on assets and focus on trading […]

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Federal Reserve Chairman Jerome Powell Set The Stage For The Central Bank To Cut Interest Rates

Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account. Jerome Powell set the stage for the central bank to cut interest rates to bolster flagging growth. The S&P 500 and the Nasdaq Composite touched all-time highs, with the S&P briefly eclipsing the 3000 level for the first […]

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U.S. Crude Extends Weekly Gains To 10%

Stock Market News Today – Oil prices extended gains to a three-week high on Friday as escalating tensions between the U.S. and Iran added to a rally of nearly 10% in U.S. crude. New York-traded West Texas Intermediate crude futures rose 45 cents, or 0.8%, at $57.52 a barrel by 7:56 AM ET (11:56 GMT), […]

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Trump And Xi To Meet After Defiant China Hits U.S. With New Tariffs

U.S. President Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets. China announced earlier it would impose higher tariffs on a range of U.S. goods, including frozen vegetables and liquefied natural gas, a move […]

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Qatar Petroleum to invest $20 billion in U.S. over the coming few years, after the Gulf Arab state unexpectedly quit OPEC this month

Qatar, a tiny but wealthy country is one of the most influential players in the LNG market due to its annual production of 77 million tonnes. It plans to boost capacity 43 percent by 2023-2024 and will be building four liquefaction trains for the LNG expansion.

As part of its more than $20 billion investment push in the U.S. QP is looking “at gas and oil, conventional and non-conventional”

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Today’s Stock Market News – The United States will become a key source of energy supplies to meet growing demand globally.

StockMarketNews.Today – “In the next 5-10 years, we expect to see improved recovery rates and even a doubling in some of our most prolific (gas) basins,” said Frank Fannon, assistant secretary in the energy bureau of the U.S. state department. “What this means in the near-term is that the United States may double production, double export capacity and introduce new market innovation ” he said at an industry conference in Singapore.

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Diamond Crisis Gets Worse For Global Giant De Beers

The diamond industry is in crisis as De Beers’s buyers grow increasingly frustrated with the cost of rough stones as the price of polished gems slump. That’s led to wafer-thin margins and losses for some of the traders that buy stones from De Beers and Russian rival Alrosa PJSC. De Beers sales so far this […]

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UniCredit To Cut 8,000 Jobs

UniCredit intends to cut roughly 8,000 jobs, or around 9% of total workforce, and close about 500 branches through 2023 as it targets gross savings of €1 billion in Western Europe. Its plan offers an insight into the headwinds facing Europe’s largest lenders, as low rates, stringent regulation and greater competition from U.S. rivals dent […]

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Disappointing Retail Earnings

◊ Today’s Stock Market Quotes ◊ U.S. stocks eased off their record pace Tuesday after a round of weak earnings reports from retailers. The Dow Jones industrial Average fell 0.1% to 28013. The S&P 500 dropped less than 0.1%, and the Nasdaq Composite gained 0.1%. All three indexes closed at record levels Monday. U.S. stocks […]

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