Microsoft will report its fiscal Q4 earnings after the bell on Tuesday as investors and analysts look to see how much the company is making and spending on AI.
(Bloomberg) -- Stocks rose ahead of major central bank decisions, key economic data and earnings from four megacaps worth nearly $10 trillion.Most Read from BloombergVenezuela’s Opposition Disputes Claim of Maduro Election VictoryHarris’ Running-Mate Search Zeroes In on Three Top ContendersTraders Fret as 32-Hour Central Bank Spree Hangs Over MarketMaduro Regime Accuses Rival of Sabotage, Triggering ProtestsFrench Internet Lines Cut in Latest Attack During OlympicsAlmost 300 shares in the S&P 50
In response to the declining prices, Chesapeake, along with rivals like EQT and Coterra Energy, had curtailed their production earlier this year. Chesapeake, which is on the cusp of becoming the biggest natural gas producer pending its acquisition of Southwestern Energy, said production during the April-June quarter fell 24.9% to 2.75 billion cubic feet per day (bcf/d). The U.S. Energy Information Administration expects domestic natural gas production to decline for the remainder of 2024.
