Friday, October 11, 2024
Wharton’s Jeremy Siegel: Wall Street could boom in 2021 ‘no matter who is president’- oil and gas 360

Wharton’s Jeremy Siegel: Wall Street could boom in 2021 ‘no matter who is president’

CNBC Wharton School professor Jeremy Siegel told CNBC on Monday the stock market is likely primed for strong gains next year, regardless of whether President Donald Trump or Joe Biden occupy the White House. Siegel, who has been mostly bullish over the years, cited a number of reasons, including the increased money supply as a result of coronavirus stimulus efforts, the prospect of an improved Covid-19

Brazil's Petrobras pays off $2 billion revolving credit line- oil and gas 360

Brazil’s Petrobras pays off $2 billion revolving credit line

Reuters BRASILIA  – Brazilian state-controlled oil producer Petroleo Brasileiro S.A. PETR4.SA said on Monday that it has fully repaid the remaining $2 billion balance on its dollar-denominated revolving credit line, which will now allow it to access new facilities. Petrobras can now access lines of up to $7.6 billion, and 4 billion reais ($727 million), the company said in a securities

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