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Goldman raises 2020 oil price view on OPEC-led inventory tightness

(Reuters) – Goldman Sachs raised its oil price forecasts for 2020, citing tighter-than-expected inventories after the Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to deepen oil output cuts through the first quarter of next yea... More »

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Activist investment rising in Asia, led by local players: JP Morgan

HONG KONG (Reuters) – Activist investing in Asia is rising steadily, driven more by local players rather than headline-grabbing foreign firms, as the region’s regulators pay greater attention to corporate governance, according to research from JP Morgan (JPM.N... More »

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U.S. asset managers shake up equity research as banks cut back

FILE PHOTO: The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai/File Photo NEW YORK (Reuters) – As new rules spur Wall Street banks to further shrink their research budgets, U.S. asset management... More »

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Amazon stock market value on verge of eclipsing Microsoft

FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France on February 20, 2017. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc’s shares surged on Friday, pushing its stock market value above $700 ... More »

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Nvidia set to open at record on soaring Volta chip demand

Shares of Nvidia Corp (NVDA.O) are set to open at a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless car... More »

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Goldman says global crude stocks likely to keep falling

An oil pump jack pumps oil in a field near Calgary, Alberta, July 21, 2014. REUTERS/Todd Korol Goldman Sachs expects global crude oil inventories to keep falling due to production cuts and strong growth in demand, although stocks are likely to rise in the Unit... More »

Goldman says non-OPEC output cut deal aimed at inventory glut

A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC’s headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader Goldman Sachs said the formal agreement by non-OPEC oil produc... More »

Oil price ultra-bear Goldman Sachs turns mildly bullish

U.S. bank Goldman Sachs, one of the most bearish forecasters on oil over the past year, on Monday raised its short-term price outlook as it said the market had flipped into a deficit due to production outages in Nigeria and Canada. Goldman, one of the most act... More »

Disney shares stumble as expectations outpace reality

For Walt Disney’s Peter Pan, flying was “all a matter of faith and trust.” Investors in Walt Disney Co showed a lack of both in the company’s stock on Wednesday. Disney’s shares fell 4.5 percent to $101.76 in morning trading and were the biggest drag on the Do... More »

Piper Jaffray downgrades Wells Fargo citing credit concerns

Piper Jaffray cut its rating on Wells Fargo & Co to “underweight” from “neutral” citing concerns about the bank’s credit costs. The downgrade comes a day after Wells Fargo reported a 7 percent decline in quarterly profit. The bank has set aside more than $1 bi... More »

In slump, oil firms turn to labs, data centers for help

GRAND FORKS, N.D. In a basement lab of a North Dakota research center, Beth Kurz and an assistant are peering through a scanning electron microscope, studying samples from the state’s vast Bakken shale oil formation. Kurz, a hydrogeologist, is part of a team, ... More »

Citron calls Mobileye “short of the year: 2016”- shares fall

Mobileye NV’s (MBLY.N) stock is “short of the year: 2016”, influential short-selling firm Citron Research said in a tweet on Wednesday, pushing down shares of the driving assistant software maker nearly 7 percent. The tweet provided a link to a report on elect... More »

MERS, Ebola, bird flu: Science’s big missed opportunities

LONDON, Anyone who goes down with flu in Europe this winter could be asked to enroll in a randomized clinical trial in which they will either be given a drug, which may or may not work, or standard advice to take bed rest and paracetamol. Those who agree could... More »

Nobel discoveries on DNA repair now fueling cancer drug research

CHICAGO Cancer researchers are just beginning to understand the ramifications of the fundamental discoveries behind the 2015 Nobel Prizes in Chemistry, which were awarded on Wednesday to three scientists for explaining how cells repair mistakes in DNA that occ... More »

Toyota partners with Stanford, MIT on self-driving car research

DETROIT Toyota Motor Corp is collaborating with two top U.S. universities on artificial intelligence and robotics research aimed at ramping up the Japanese automaker’s efforts to develop self-driving cars. Toyota said on Friday that it would spend $50 million ... More »

Fetal tissue research declining, still important

CHICAGO A political battle over the use of fetal tissue in medical research has been reinvigorated by the release of undercover videos targeting Planned Parenthood officials. But the controversy comes just as interest in the use of fetal tissue is dwindling, s... More »