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The English News

  • Home
  • UK
    • Britain's Prince Andrew Reported to Police After Using False Name on Documents: This is Serious Fraud

      Britain's Prince Andrew Reported to Police After Using False Name on Documents: ...

      7th January 2025
      0
    • Debt Collection in the UK: British Laws, Debt Recovery, and Dispute Resolution

      Debt Collection in the UK: British Laws, Debt Recovery, and Dispute Resolution

      22nd October 2024
      0
    • Debt Collection in the UK: British Laws, Debt Recovery, and Dispute Resolution

      The Toxic Legacy of the Roper-Curzon Family: racism, scandals, and obsession with ...

      25th April 2023
      0
    • United Kingdom Extends Household Support Scheme Until June

      United Kingdom Extends Household Support Scheme Until June

      15th March 2023
      0
    • British Prime Minister Creates Two New Ministries, Including One for Energy Security

      British Prime Minister Creates Two New Ministries, Including One for Energy Security

      7th February 2023
      0
    • Fear of Terrorism After Uranium Found at Heathrow Airport in London

      Fear of Terrorism After Uranium Found at Heathrow Airport in London

      11th January 2023
      0
    • Liz Truss New Prime Minister of the United Kingdom

      Liz Truss New Prime Minister of the United Kingdom

      5th September 2022
      0
    • The 4 Best UK Tours to Embark On This Autumn 2022

      The 4 Best UK Tours to Embark On This Autumn 2022

      16th August 2022
      0
    • United Kingdom Extends Household Support Scheme Until June

      Britain's Worst Rail Strike in 30 Years

      21st June 2022
      0
  • US
    • Boeing Reduces Losses and Delivers Significantly More Aircraft

      Boeing Reduces Losses and Delivers Significantly More Aircraft

      23rd April 2025
      0
    • US May or May Not Exclude Smartphones and Computers from Tariffs

      US May or May Not Exclude Smartphones and Computers from Tariffs

      14th April 2025
      0
    • Stock Market Antics Earn Musk $36 Billion and Zuckerberg Almost $26 Billion

      Stock Market Antics Earn Musk $36 Billion and Zuckerberg Almost $26 Billion

      10th April 2025
      0
    • Swedish Insurer Pulls Out of Tesla Over Labour Rights Conflict

      Swedish Insurer Pulls Out of Tesla Over Labour Rights Conflict

      2nd April 2025
      0
    • Fraudsters Were Able to Intercept Taylor Swift Tickets Through A Backdoor

      Fraudsters Were Able to Intercept Taylor Swift Tickets Through A Backdoor

      10th March 2025
      0
    • European Commission on Trump Criticism: Ukraine is a Democracy

      European Commission on Trump Criticism: Ukraine is a Democracy

      20th February 2025
      0
    • MMA Fighter Conor McGregor Charged With Sexual Assault in Miami

      MMA Fighter Conor McGregor Charged With Sexual Assault in Miami

      16th January 2025
      0
    • Trump Asks Judge to Delay Sentencing Hearing in Hush Money Case

      Trump Asks Judge to Delay Sentencing Hearing in Hush Money Case

      6th January 2025
      0
    • Newspaper: Trump's Team Weakens Plan for Import Duties

      Newspaper: Trump's Team Weakens Plan for Import Duties

      6th January 2025
      0
  • Europe
    • Swedish Insurer Pulls Out of Tesla Over Labour Rights Conflict

      Swedish Insurer Pulls Out of Tesla Over Labour Rights Conflict

      2nd April 2025
      0
    • European Commission on Trump Criticism: Ukraine is a Democracy

      European Commission on Trump Criticism: Ukraine is a Democracy

      20th February 2025
      0
    • Suspect in Possible Munich Attack Posted Islamic Posts

      Suspect in Possible Munich Attack Posted Islamic Posts

      13th February 2025
      0
    • Eurozone Inflation Rises Slightly Less Than Expected

      Eurozone Inflation Rises Slightly Less Than Expected

      18th December 2024
      0
    • Twelve Dead in Georgia Ski Resort Restaurant

      Twelve Dead in Georgia Ski Resort Restaurant

      16th December 2024
      0
    • Finland will Join NATO on Tuesday

      Finland will Join NATO on Tuesday

      3rd April 2023
      0
    • Economists: Eurozone Inflation Will Also be Higher Than ECB target in 2025

      Economists: Eurozone Inflation Will Also be Higher Than ECB target in 2025

      13th February 2023
      0
    • EU Opens Ukrainian Crime Prosecution Centre in The Hague

      EU Opens Ukrainian Crime Prosecution Centre in The Hague

      2nd February 2023
      0
    • Eurozone Inflation Rises Slightly Less Than Expected

      Disciplinary Committee Banks Again Impose Heavy Punishment

      17th January 2023
      0
  • International
    • International Court of Justice Orders Myanmar to Take Measures for Rohingya

      International Court of Justice Orders Myanmar to Take Measures for Rohingya

      23rd January 2020
      0
    • Lebanese Hezbollah Calls for Revenge on the US

      Lebanese Hezbollah Calls for Revenge on the US

      3rd January 2020
      0
    • Greta's father: I Adjusted My Lifestyle, Not for the Climate, but to Save My Daughter

      Greta's father: I Adjusted My Lifestyle, Not for the Climate, but to ...

      30th December 2019
      0
    • Pope Francis Speaks Urbi and Orbi and Calls for Guaranteeing Safety in the Middle East

      Pope Francis Speaks Urbi and Orbi and Calls for Guaranteeing Safety in ...

      25th December 2019
      0
    • Five of Eleven Death Sentences after Journalist Khashoggi Murder

      Five of Eleven Death Sentences after Journalist Khashoggi Murder

      23rd December 2019
      0
    • Indian Rape Victim Who was Set On Fire has Now Died

      Indian Rape Victim Who was Set On Fire has Now Died

      7th December 2019
      0
    • Barnier

      Brexit Conversations Yielded Nothing

      15th October 2019
      0
    • Juncker Gives Johnson The Last Brexit Plan A Chance

      3rd October 2019
      0
    • Cristiano News

      "Not Messi, But Ronaldo Earned This Prize"

      26th September 2019
      0
  • Technology
    • Apple Considers Price Increase for New iPhones

      Apple Considers Price Increase for New iPhones

      12th May 2025
      0
    • Boeing Reduces Losses and Delivers Significantly More Aircraft

      Boeing Reduces Losses and Delivers Significantly More Aircraft

      23rd April 2025
      0
    • US May or May Not Exclude Smartphones and Computers from Tariffs

      US May or May Not Exclude Smartphones and Computers from Tariffs

      14th April 2025
      0
    • Threads and Instagram Users are Getting Posts About Politics Again

      Threads and Instagram Users are Getting Posts About Politics Again

      10th January 2025
      0
    • Apple is Working on a Doorbell With Facial Recognition

      Apple is Working on a Doorbell With Facial Recognition

      24th December 2024
      0
    • AI Predicts Much Faster Warming Than Previously Thought

      AI Predicts Much Faster Warming Than Previously Thought

      12th December 2024
      0
    • TikTok Founder Becomes China's Richest Man

      TikTok Founder Becomes China's Richest Man

      29th October 2024
      0
    • The Future of SEO: What Happens If ChatGPT Kills Search Engines?

      The Future of SEO: What Happens If ChatGPT Kills Search Engines?

      16th October 2024
      0
    • Twitter is Making API Free Again for Public Notifications From Verified Accounts

      Twitter is Making API Free Again for Public Notifications From Verified Accounts

      5th May 2023
      0
  • Business
    • Apple Considers Price Increase for New iPhones

      Apple Considers Price Increase for New iPhones

      12th May 2025
      0
    • Boeing Reduces Losses and Delivers Significantly More Aircraft

      Boeing Reduces Losses and Delivers Significantly More Aircraft

      23rd April 2025
      0
    • Stock Market Antics Earn Musk $36 Billion and Zuckerberg Almost $26 Billion

      Stock Market Antics Earn Musk $36 Billion and Zuckerberg Almost $26 Billion

      10th April 2025
      0
    • Swedish Insurer Pulls Out of Tesla Over Labour Rights Conflict

      Swedish Insurer Pulls Out of Tesla Over Labour Rights Conflict

      2nd April 2025
      0
    • Aircraft Manufacturer Boeing Falls on Wall Street After Crash in South Korea

      Aircraft Manufacturer Boeing Falls on Wall Street After Crash in South Korea

      30th December 2024
      0
    • Apple is Working on a Doorbell With Facial Recognition

      Apple is Working on a Doorbell With Facial Recognition

      24th December 2024
      0
    • Honda and Nissan to Merge in 2026

      Honda and Nissan to Merge in 2026

      23rd December 2024
      0
    • Eurozone Inflation Rises Slightly Less Than Expected

      Eurozone Inflation Rises Slightly Less Than Expected

      18th December 2024
      0
    • TikTok Founder Becomes China's Richest Man

      TikTok Founder Becomes China's Richest Man

      29th October 2024
      0
  • Sports
    • Title: Double Trouble Wrestling: Spotlight on Jamie Lynn

      Double Trouble Wrestling: Spotlight on Jamie Lynn

      20th February 2025
      0
    • Starting Strength Training? How to Build Muscle

      1st January 2025
      0
    • MotoGP Driver Bagnaia Apologizes for Drunk Driving

      MotoGP Driver Bagnaia Apologizes for Drunk Driving

      6th July 2022
      0
    • Djokovic Cancels Cincinnati Tennis Tournament

      Djokovic Cancels Cincinnati Tennis Tournament

      10th August 2021
      0
    • Japan Extends Corona Emergency Around Tokyo

      Japan Extends Corona Emergency Around Tokyo

      30th July 2021
      0
    • Andy Murray: Olympics can Offer Hope

      Andy Murray: Olympics can Offer Hope

      21st July 2021
      0
    • Czech Volleyball Beach Player Tests Positive in Olympic Games

      Czech Volleyball Beach Player Tests Positive in Olympic Games

      19th July 2021
      0
    • Tokyo Olympic Athletes Village Officially Opens

      Tokyo Olympic Athletes Village Officially Opens

      13th July 2021
      0
    • Japan Extends Corona Emergency Around Tokyo

      Advice From Japanese Doctors: Do Not Allow Spectators During Games

      18th June 2021
      0
  • Travel
    • Discover the Charm of Camp Chateaugay, New York

      Camp Chateaugay New York: A Premier Summer Experience in the Adirondacks

      9th February 2025
      0
    • Battery Lamps for Camping: The Ultimate Guide for Campers

      8th February 2025
      0
    • Major Tourist Attractions in Thailand: Explore the Land of Smiles

      23rd December 2024
      0
    • Beaches to Visit During Summer: The Ultimate Travel Guide

      16th December 2024
      0
    • Cultural Tour of Italy: 10 Must-Visit Destinations for Art, History, and Architecture

      2nd December 2024
      0
    • The 4 Best UK Tours to Embark On This Autumn 2022

      The 4 Best UK Tours to Embark On This Autumn 2022

      16th August 2022
      0
    • Discover the Charm of Camp Chateaugay, New York

      Top 6 Campsites in Canada

      18th December 2018
      0
    • Alberta-Canada

      10 Most Photogenic Places On Earth

      3rd May 2018
      0
    • HuaShanChina

      Hua Shan Trail In China

      1st May 2018
      0
  • Apple Considers Price Increase for New iPhones

  • Big Pampas Grass: Beauty, Benefits, and Backyard Impact

  • Boeing Reduces Losses and Delivers Significantly More Aircraft

  • КРАКЕН САЙТ/ KRAKEN DARKNET/ KRAKEN ONION

  • КРАКЕН DARKNET/ KRAKEN ССЫЛКА/ KRAKEN ОНИОН

BusinessNewsUS
Home›Business›Occidental Rises on Wall Street After Buffett Purchases

Occidental Rises on Wall Street After Buffett Purchases

By James Anderson
8th March 2023
697
0
Share:
Aircraft Manufacturer Boeing Falls on Wall Street After Crash in South Korea

On Wednesday, Occidental Petroleum was among the gainers on the New York stock exchanges. Berkshire Hathaway, the investment company of billionaire Warren Buffett, has further increased its stake in the American oil producer to about 22 percent.

Buffett bought nearly 5.8 million shares of Occidental recently and now has a stake of more than $ 12 billion in the group. The stock rose 3.7 percent.

The mood on Wall Street remained subdued after heavy losses the day before. However, the remarks of U.S. central bank president Jerome Powell still reverberated on Wall Street. Powell said in Congress on Tuesday that interest rates may need to be raised more strongly and quickly to curb inflation.

Investors now fear that the Federal Reserve will raise interest rates again by half a percentage point later this month. In February, the central bank lowered interest rates by a quarter percentage point because of signs of cooling inflation. However, so-called core inflation, which does not consider the volatile energy and food prices, remains stubbornly high.

Investors also processed the job data from payroll processor ADP, which was stronger than expected. The ADP figure indicates the official U.S. government jobs report, which will be released on Friday. In addition to inflation, the situation in the labour market plays an essential role in the interest rate policy of the Fed. A strong labour market gives the central bank more room to raise interest rates sharply.

The Dow Jones index was almost the same after the start of trading at 32,854 points. The main index lost 1.7 percent on Tuesday. So was the broad S&P 500, which stood at 3986 points. Tech exchange Nasdaq rose a fraction to 11,537 points.

Tesla lost 2.5 percent. Analysts from investment bank Berenberg removed the manufacturer of electric cars from their buy list. Also, the U.S. National Highway Traffic Safety Administration (NHTSA) said it would open an investigation into 120,000 Model Y cars from 2023 after two reports of steering wheels becoming completely detached while driving.

CrowdStrike increased by 5.8 percent. The cybersecurity company posted more profit than expected last quarter. The outlook for the current quarter was also higher than expected.

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Timeline

  • 12th May 2025

    Apple Considers Price Increase for New iPhones

  • 6th May 2025

    Big Pampas Grass: Beauty, Benefits, and Backyard Impact

  • 23rd April 2025

    Boeing Reduces Losses and Delivers Significantly More Aircraft

  • 18th April 2025

    КРАКЕН САЙТ/ KRAKEN DARKNET/ KRAKEN ONION

  • 18th April 2025

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