Transocean (NYSE:RIG) , an offshore contract driller for oil and gas wells, closed Thursday at $6.03, up 0.50%. The stock is reacting to continued momentum from its $5.8 billion Valaris (NYSE: VAL) acquisition agreement and fresh contract awards, while investors are watching how these moves reshape backlog, leverage, and long-term earnings power. The company’s trading volume reached 102.9 million ...
Transocean (NYSE:RIG) , an offshore contract driller for oil and gas wells, closed Thursday at $6.03, up 0.50%. The stock is reacting to continued momentum from its $5.8 billion Valaris (NYSE: VAL) acquisition agreement and fresh contract awards, while investors are watching how these moves reshape backlog, leverage, and long-term earnings power. The company’s trading volume reached 102.9 million shares, which stands about 159% above compared with its three-month average of 39.8 million shares. Transocean went public in 1993 and has fallen 45% since its IPO. The S&P 500 (SNPINDEX: ^GSPC) fell 1.57% to 6,832, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 2.03% to finish at 22,597. Within oil & gas drilling names, Noble Plc (NYSE:NE) closed at $42.58 (-3.36%) and Seadrill (NYSE:SDRL) finished at $41.13 (-4.37%), underperforming Transocean’s more resilient move. Continue reading
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -1.57%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.04%. March E-mini S&P futures (ESH26 ) fell -1.55%, and March E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -1.57%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.04%. March E-mini S&P futures (ESH26 ) fell -1.55%, and March E-mini Nasdaq futures...
Half Of Gen Z Brings Parents To Job Interviews: Survey Authored by Oscar Mackey via The College Fix, 80% said their parents have communicated with their manager at least once... Over 50% of college-age job seekers had their parents sit with them at an in-person interview , a January survey by Resume Templates found. What’s more, over 35% of surveyed individuals reported parents either writing a co...
Half Of Gen Z Brings Parents To Job Interviews: Survey Authored by Oscar Mackey via The College Fix, 80% said their parents have communicated with their manager at least once... Over 50% of college-age job seekers had their parents sit with them at an in-person interview , a January survey by Resume Templates found. What’s more, over 35% of surveyed individuals reported parents either writing a cover letter or performing a test assignment for them. Julia Toothacre, a career coach and chief career strategist at the survey group, said she had never seen parents this involved in their child’s job searches in the past. “When I was doing career development at the college level, we would see parents come in to talk about majors and sometimes career choices, but they weren’t sitting in on interviews or communicating with managers,” Toothacre told The College Fix in a recent interview via email. When asked what she believed caused this trend, Toothacre replied, “I think COVID played a larger role in this parental involvement than many people want to admit.” She elaborated: “Right now, one of the main factors is the unpredictable market. I think parents are seeing how difficult it’s been to get hired and how many entry-level and early-career positions are being replaced with AI or simply being limited. “Second, I believe this generation, while more emotionally aware, also experiences greater anxiety than previous generations. Couple that with living through COVID during formative years, and there is going to be a portion of this generation that feels like they need additional support,” Toothacre told The Fix. The survey polled young adults ages 18-23. Parental involvement in this survey was defined as “the actions a parent took for their child during the job search process.” The young adults surveyed reported parental involvement was often repeated. They also said parents submitted applications (64%), completed test assignments (51%), and sat in on in-person interviews (51%)...
Gold steadied after a sharp decline sparked by a wider selloff across financial markets. Bullion was near $4,920 an ounce in early trading, after plunging 3.2% in the previous session — the biggest one-day drop in a week. The sudden decline accompanied jitters on Wall Street, where prices buckled across asset classes on concern over the impact of AI on companies’ earnings. Read More: Nasdaq 100 Si...
Gold steadied after a sharp decline sparked by a wider selloff across financial markets. Bullion was near $4,920 an ounce in early trading, after plunging 3.2% in the previous session — the biggest one-day drop in a week. The sudden decline accompanied jitters on Wall Street, where prices buckled across asset classes on concern over the impact of AI on companies’ earnings. Read More: Nasdaq 100 Sinks 2% as AI Jitters Roil Wall Street The dramatic pullback in gold — which didn’t have a clear catalyst — was likely intensified by selling from commodity trading advisers using computer models to bet on price moves, said Michael Ball , a macro strategist at Bloomberg. Investors are now looking to US inflation figures due later Friday that may shape expectations for the Federal Reserve’s next move. Robust January jobs data published this week reduced urgency for the Fed to cut interest rates again by midyear. Lower rates are a tailwind for precious metals, which don’t pay interest. Spot gold was steady at $4,920.59 an ounce as of 7:22 a.m. in Singapore. Silver fell 0.1% to $75.20. Platinum and palladium were little changed. The Bloomberg Dollar Spot Index , a gauge of the US currency, was flat during the previous session.
Steve Moore, Co-Founder of Unleash Prosperity and a former Trump Economic Adviser, joins Bloomberg Businessweek Daily to discuss the state of the US economy as the second year of President Trump's second term begins, Trump's pick for the next Federal Reserve Chair Kevin Warsh, current trade policy, and more. Moore also weighs in on a Bloomberg report that Trump is weighing quitting the USMCA trade...
Steve Moore, Co-Founder of Unleash Prosperity and a former Trump Economic Adviser, joins Bloomberg Businessweek Daily to discuss the state of the US economy as the second year of President Trump's second term begins, Trump's pick for the next Federal Reserve Chair Kevin Warsh, current trade policy, and more. Moore also weighs in on a Bloomberg report that Trump is weighing quitting the USMCA trade pact he negotiated during his first term. Moore says both the USMCA and NAFTA trade agreements are beneficial, saying that the USMCA agreement in particular is "enormously advantageous to the whole North American continent." Moore speaks with Carol Massar and Tim Stenovec, alongside Bloomberg Economics US and Canada Economist Stuart Paul. (Source: Bloomberg)