Charlie Pellett
👤 SpeakerAppearances Over Time
Podcast Appearances
Chevron is the only American oil major currently operating in Venezuela.
Jason Gableman of TD Cowen says that Chevron's efforts could add between $400 and $700 million a year, representing about 1 to 2 percent of the company's cash flow operations.
Venezuela's oil industry has been run down after decades of corruption and mismanagement.
Charlie Pellett, Bloomberg Radio.
Stocks wrapped up the first full trading week of the new year with a 1.6% advance for the S&P 500 Index.
It is the third weekly gain in four weeks.
Small cap shares also advanced with the Russell 2000 Index climbing to a record as the rally broadened beyond just big tech names.
The jobs report reinforced Wall Street's bets that the Fed will leave rates on hold for the near term.
For the week, the Dow was up 2.3%, while the Nasdaq Composite Index was up 1.9%.
In New York, Charlie Pellett, Bloomberg Radio.
The S&P 500 index saw its fourth month of gains in August.
For the week, the S&P 500 index fell one-tenth of one percent.
Friday's slide came despite inflation data that did little to alter bets on Fed rate cuts.
But as we move into September, the market's bracing for what is known as the weakest month for U.S.
shares.
For the week, both the Dow and Nasdaq dropped two-tenths of one percent.
In New York, Charlie Pellett, Bloomberg Radio.
NVIDIA reports Wednesday after the close of trading, and it comes as at least nine analysts last week lifted their 12-month price target on the company.
Ali McCartney is Managing Director for Wealth Management at UBS Financial Services.
According to data compiled by Bloomberg, nearly 90% of analysts covering NVIDIA give its shares a buy-equivalent rating.