Wednesday 19 August 2020

Daily Investor Update: OPEC+ presses for compliance with oil cuts

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OPEC+ presses for compliance with oil cuts

OPEC and its allies pressed oil nations pumping above output targets to cut more in August-September amid fears oil demand recovery was slow while saying it could reach pre-pandemic levels by the year-end.

Facebook to restrict accounts that support violence, groups with ties to QAnon

Facebook Inc will restrict content from accounts tied to anarchist groups that support violent acts amidst protests, U.S.-based militia organizations and QAnon, the social media site said on Wednesday.

Several Fed policymakers see more easing ahead to help brace economy

Several Federal Reserve policymakers say the U.S. central bank may need to ease monetary policy further to help nurse the economy through the coronavirus pandemic, minutes from their policy meeting last month showed on Wednesday.

S&P 500, Nasdaq slide from record highs after Fed minutes

The S&P 500 and Nasdaq slipped from all-time intra-day highs on Wednesday in choppy trading after the Federal Reserve ruled out for now more dovish monetary policy measures such as the yield curve control.

Fed's Barkin says uncertainty is weighing on U.S. outlook

High levels of uncertainty are weighing on households, businesses and banks, Richmond Federal Reserve Bank President Thomas Barkin said on Wednesday, calling for controlling the spread of the virus and delivering fiscal support.

Dollar extends gain but shares retreat as Fed signals stimulus

The dollar gained but equities, gold and oil retreated on Wednesday after the Federal Reserve suggested it could pursue aggressive stimulus measures for longer than under its previous strategy, minutes from its last policy meeting showed.

Trump urges Goodyear tire boycott after company bars political attire

U.S. President Donald Trump on Wednesday called for a boycott of Ohio-based Goodyear Tire & Rubber Co in response to a company policy that has deemed political attire, including that of the Trump campaign, unacceptable for the workplace.

Boeing scores year's first 737 MAX order with Polish airline Enter Air

Boeing Co won its first order for the grounded 737 MAX aircraft this year, after Poland's Enter Air SA agreed to buy up to four variants of the jet, the U.S. planemaker said on Wednesday.

Occidental to sell some Colorado, Utah assets for $1.33 billion

Occidental Petroleum Corp said on Wednesday it will sell some of its Wyoming, Colorado and Utah assets to Orion Mine Finance for about $1.33 billion, as the oil and gas producer looks to cut the debt it took on with its purchase of Anadarko.

Apple's stock market value tops $2 trillion

Just two years after Apple became the first publicly listed U.S. company with a $1 trillion stock market value, the iPhone maker has now topped $2 trillion.

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