Piper Sandler raises Baker Hughes stock price target on record orders

Crude oil prices plunged below $70 per barrel at the beginning of the week, and energy markets largely considered the Iran war over and done with as modest traffic flowed again through the infamous Strait of Hormuz. But nearly 1 billion barrels of worldwide petroleum reserves are now depleted and not being replenished. At the…

After a sharp sell-off in Wednesday’s session, investors will be watching whether the Sensex and Nifty 50 can recover on Thursday or extend their losses. The Indian stock market came under heavy selling pressure as renewed tensions between the US and Iran hurt global sentiment and pushed crude oil prices higher. Stock Market Outlook Today,…

Alphabet made history Wednesday with a quarterly profit that stretched into 12 figures for the first time in the search giant’s history—and perhaps for the first time in any company’s history. Alphabet, the parent company of Google, grew its bottom line by 298% year-over-year in the second quarter, totaling an astounding $112.1 billion in net…

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Companies looking for a faster way to accept payments in fiat currencies but settle in stablecoins may have a new option in an integration announced Wednesday between XDC Tech and Bridge, the stablecoin unit of the payments-technology firm Stripe. Under the arrangement, merchants can accept dollars or other fiat currencies through accounts offered by Bridge,…

The Financial Action Task Force is urging governments to bring decentralized finance platforms under anti-money laundering rules when developers, token holders or other identifiable parties retain meaningful control. It warned that many purportedly decentralized platforms are not as decentralized as they claim. In a report published Tuesday (July 21), new report, the Paris-based global anti-money…