LONDON (Reuters) – Investors pulled $16.2 billion from stocks in the past week in the largest weekly redemption since the March stock market slump, according to the Bank of America’s weekly flows data.Stock markets have staged a remarkable recovery in the past month after the coronavirus crisis cause a massive tumble in March. The rebound …
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do not let the fucking talking heads idiots fool you. this time it is really different The stock market finished nearly 2% higher on Friday, despite one of the worst monthly jobs reports in history, as investors continued to look toward a reopening of the economy and bet that the worst of the economic impact …
Continue reading “Dow up over 450 pts…. This is the greatest recovery EVER!”
The United States will pull two Patriot missile batteries from guarding Saudi Arabian oil facilities, an American official told the Associated Press on Thursday, citing a disagreement over oil production. The anonymous source also told the AP that the U.S. would pull out 300 U.S. troops staffing the missile batteries. U.S. President Donald Trump said, …
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White House adviser Kevin Hassett said on Friday that the Trump administration would support the Federal Reserve’s decision if it wanted to introduce negative interest rates in response to the coronavirus crisis. “If the Fed did decide to have negative interest rates, we will support it,” Hassett stated. However, he noted the White House …
The number of oil rigs in the United States decreased by 33 to 292 in the week ending May 8 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday. The oil rig count stood at the lowest level since September 2009. Meanwhile, the number of US gas rigs …
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Countries around the world are developing Covid-19 smartphone apps to limit the spread of coronavirus and relax lockdown restrictions. It’s hoped the information they gather can be used to alert people whether they pose a risk of spreading the contagion, and need to isolate. But, over recent weeks, a split has emerged between two different …
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Fresh meat prices were up 8.1% at the end of April, as the coronavirus pandemic causes serious issues in the American supply chain. Pork and beef prices could increase by an unprecedented 20% in the coming months, according to a new report from CoBank. With pork and beef production plunging by 35%, CoBank economist Will …
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The medical device, which clips onto a patient’s finger, has saved millions of lives and is a vital tool in the fight against the novel coronavirus. Takuo Aoyagi, a Japanese engineer whose pioneering work in the 1970s led to the modern pulse oximeter, a lifesaving device that clips on a finger and shows the level …
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Oil could hit $100 per barrel within the next 18 months, Egyptian billionaire Naguib Sawiris told CNBC on Wednesday—a hard pill to swallow with Brent currently trading below $30 per barrel. Sawiris, chairman of one of Egypt’s largest companies, Orascom Telecom Media and Technology Holding S.A.E., is Egypt’s second-richest man and has a net worth somewhere …