Wall Street dips ahead of earnings deluge
U.S. stocks pulled back slightly on Monday as investors awaited a barrage of major earnings reports this week, the busiest this earnings season, while a jump in energy stocks kept losses in check.
U.S. existing home sales fall more than expected in March
U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains.
Trump says OPEC can step up output after Iran waivers
U.S. President Donald Trump said on Monday that Saudi Arabia and other OPEC nations could “more than make up” for any drop in Iranian oil supplies to global markets now that his administration has decided to end waivers that allowed some nations to buy…
Halliburton says pricing woes bottoming out as U.S. activity rises
Halliburton Co said on Monday a pricing downturn that has plagued the oilfield services sector was bottoming out, as it reported modestly higher activity levels in North America in the first quarter from a year earlier.
Halliburton sees surge in global offshore spending in 2019
Oilfield service provider Halliburton Co said on Monday it expects international offshore spending to rise 14 percent in 2019, double the estimates given by sector leader Schlumberger NV for international markets overall.
U.S. to end all waivers Iran oil imports, crude price jumps
The United States on Monday said it will eliminate in May all waivers granted to eight economies allowing them to buy Iranian oil without facing U.S. sanctions, as it ratcheted up pressure to choke off all oil revenues of the Islamic Republic.
Wall Street opens lower as technology stocks weigh
U.S. stocks edged lower at the open on Monday, weighed down by technology shares, as investors took a cautious stance at the start of what is expected to be the busiest week of the first-quarter earnings season.
Kraft Heinz names Anheuser-Busch executive as new CEO
Kraft Heinz Co replaced Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev veteran Miguel Patricio, pointing the way to a possible change of strategy that may involve moving away from years of cost-cutting.
Saudi Arabia says to coordinate with other producers to ensure adequate oil supply
Saudi Arabia said on Monday it would coordinate with other oil producers to ensure an adequate crude supply and a balanced market after the United States said it would end waivers granted to buyers of Iranian oil.
Secretary of state says no grace period after May 1 end to Iran oil waivers
Secretary of State Mike Pompeo said on Monday the United States is not extending any waivers exempting importers of Iranian oil from U.S. sanctions and there will be no grace period for those economies to comply.
