By Vallari Srivastava (Reuters) -U.S. shale firm Occidental Petroleum (NYSE:OXY) said on Wednesday the prices it received for oil and gas production during the first quarter were higher than in the preceding three months.Benchmark Brent crude prices averaged $74.98 a barrel during the first quarter, up 1.3% from the prior quarter, while U.S. natural gas prices jumped 30%, helped by higher demand f ...
Investing.com - Canada’s main stock exchange edged lower on Wednesday, but roared back to life when U.S. President Donald Trump’s newest tariff announcements resuscitated markets.By the 4:00 ET close, the S&P/TSX 60 index jumped by 69 points, or 5.1%.The Toronto Stock Exchange’s S&P/TSX composite index finished up 1,220 points or 5.4%, after logging a fourth consecutive day of declin ...
By Sneha S K(Reuters) -Gene sequencing equipment maker PacBio plans to cut around 120 jobs and lower expenses due to fresh tariffs and reduced funding for federal health agency National Institutes of Health (NIH), it said on Wednesday.The company plans to eliminate about "80 current positions and 40 open or planned positions across the organization," it said in an emailed statement.WHY IT’S IMPO ...
By Aditya Soni and Juby Babu(Reuters) - The "Magnificent Seven" stocks amassed more than $1.5 trillion in market value on Wednesday after U.S. President Donald Trump paused his sweeping tariffs for 90 days, easing pressure on tech giants that had tumbled in recent sessions.The gains did not erase the $3.4 trillion in value the companies have collectively shed since their peak in late 2024, with so ...