(Bloomberg) — Oil rose for a third day as data pointed to a large decline in US oil stockpiles, while traders weighed the outlook for Chinese demand and a forthcoming OPEC+ meeting. Most Read fr...
Tag: inventories
Oil Inventories Worldwide And Oil Price Trends
| Getty Images Key takeaways Oil prices have slowly recovered since the start of the pandemic, topping $120 in the summer of 2022. Prices have since dipped below $100, and OPEC plans to cut production...
Nike (NKE) Stock Tanks 9% on Rising Inventories and Weak Margins in Q1 2023
Nike has been dealing with major inventory challenges amid supply chain issues, Covid-19 shutdowns in China, and waning consumers demand in China. On Thursday,’s trading session, Nike Inc (NYSE: NKE) ...
Nike Earnings Narrowly Beat But NKE Stock Plunges On Soaring Inventories, Weak Margins
Nike (NKE) just beat Wall Street expectations for its first-quarter earnings report Thursday afternoon. But gross margins fell as inventories jumped, while the Dow Jones athletic apparel giant said it...
Semiconductor Stocks: Picking Winners Amid Rising Chip Inventories
While semiconductor stocks are facing headwinds like rising chip inventories and slowing demand in certain segments, Wall Street analysts still see some bright spots. X Companies involved in semicondu...
Home Depot Earnings Top, Guidance Reaffirmed As Inventories Swell
Home Depot (HD) topped second-quarter earnings early Tuesday and reaffirmed guidance, even as unsold inventory stacks up. Lowe’s (LOW) is on tap Wednesday, with the home improvement retail gian...
OPEC+ delivers “slap to the face” with a minuscule 82-second lifeline; US crude inventories rise unexpectedly
During the much-awaited OPEC+ meeting, member countries led by Saudi Arabia and Russia agreed to increase their collective output target by 100,00 bpd (barrels per day) come September. This is a drop ...
Cathie Wood Claims Economy Already In A Recession—Warns Inflation And Inventories Pose ‘Big Problem’
Topline High-profile stock picker Cathie Wood conceded to being wrong about the duration of high inflation that’s contributed to her fund’s steep decline this year while doubling down on h...
Cathie Wood Sees Huge Inventories as Evidence Inflation Will Ebb
(Bloomberg) — Cathie Wood says the massive inventories now held by US companies suggest that inflation will die down. Most Read from Bloomberg “I’ve never seen inventory surges like this in my c...
Companies Are Rebuilding Their Inventories. What That Means for Profits.
Text size Target’s inventory rose 43.1% and sales grew 4% in the most recent quarter. Joe Raedle/Getty Images After months of being empty, shelves are finally being restocked. That makes shoppers happ...
gasoline inventories tighten ahead of Memorial Day weekend
Crude oil price has edged higher in Wednesday’s session after industry data showed that US gasoline inventories were at the lowest recorded level during this time of the year since 2013. As at the tim...
Peloton took $182 million impairment charge last quarter as inventories piled up
A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton‘s goodwill took a ...
Bitcoin Miners Show Strong Accumulation As Their Inventories Spike Up
On-chain data shows Bitcoin miner reserve has showed a sharp spike recently, suggesting that miners are currently loading up on the crypto. Bitcoin Miner Reserve Shoots Up; Trend Of Accumulation From ...
Opinion: This record number in Nvidia earnings is a scary sight
Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday ...