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Surging Oil Prices Threaten NVIDIA, Amazon, and Meta
Brent crude surged 27%, the largest daily rise since 1988, driving investors to sell equities and buy US dollars amid fears of rising inflation and interest rates.
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2 Articles
2 Articles
Surging Oil Prices Threaten NVIDIA, Amazon, and Meta
Quick Read Oil futures are rattling the markets on Sunday night. NVIDIA (NVDA) shares are down 1.66% as of 8:15 p.m. ET while Amazon (AMZN) is down 2.3% and Meta Platform (META) is down 2%. While all these stocks aren’t connected to oil, they are dependent on the global economy. With oil prices up 18% in premarket trading, there are fresh concerns of an economic slowdown. That could cause extra harm to advertising reliant companies like Amazon…
·New York, United States
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Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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