1 hour ago
Shell says $900 million charge hits fourth-quarter earnings
British oil giant Shell said on Monday that a $900 million charge hit its fourth-quarter earnings, but that was offset by a strong increase in gas trading. However, it added that overall production is on track to meet its targets.
The company is scheduled to announce its fourth quarter results on February 1st.
— Karen Gilchrist
8 hours ago
CNBC Pro: Is it time to buy oil stocks?A trader reveals the top stocks to buy right now
2023 may have been a tough year for energy stocks, but one trader sees an opportunity to pick up the theme and name his favorite sectors and stocks heading into the new year.
Bill Perkins, CEO and head trader at Schuyler Capital Management, said he is “somewhat bullish” on oil but sees some opportunities for retail investors.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
8 hours ago
CNBC Pro: Citi says rising AI demand will boost these 9 memory chip stocks, with 60% upside potential for each
Citi predicts that memory chip manufacturers will continue to see strong growth due to increasing demand for artificial intelligence applications.
The Wall Street bank predicts that specialized memory and storage products for AI chips will gain a larger share of the overall market, reducing volatility in the sector.
The investment bank named nine stocks that could benefit from this trend. CNBC Pro subscribers can read more here.
— Ganesh Rao
4 hours ago
European Market: Click here for opening call
European markets are set to open in negative territory on Monday.
According to IG data, the UK's FTSE 100 index fell 15 points to 7,671, Germany's DAX fell 15 points to 16,573, France's CAC fell 14 points to 7,405 and Italy's FTSE MIB fell 62 points. It is expected to start at 30,468.
Eurozone retail sales statistics for December will be released on Monday.
— Holly Ellyatt
