A couple of prominent shale producers said that oil at around $30 might be enough to revive shale activity. Diamondback Energy Inc is going to curtail production by 10% to 15% this month. Parsley Energy Inc. has curbed a quarter of its output. As the world runs out of places to store additional oil supply, …
Oil up nearly $25, and it is for the first time middle of April Read More »
U.S. stocks closed varied, with the Dow off 200 points, as investors pored over data showing a collapse in private-sector employment in April and weighed the easing of lockdowns imposed by the coronavirus pandemic. Investors also parsed corporate quarterly updates from some of the nation’s largest companies, with Walt Disney Co.’s profit diving more than 90% in …
U.S. stocks closed varied, with the Dow off 200 points Read More »
Copper giant, Peru Copper Inc. will slowly ease restrictions on key industries including mining and construction in May, according to the decree of the Government of Peru on Sunday. Production activity had been practically paralyzed since mid-march amid the nationwide lockdown to curb the spread of the coronavirus outbreak. El Peruano, the official daily newspaper …
Copper Peru to gradually lift restrictions on mining sector month Read More »
U.S. stock-index futures Tuesday evening rose modestly, hours after the benchmarks suffered a pullback that eroded part of a powerful rally. Futures for the Dow Jones Industrial Average YMM20, 1.20% were up 0.2%, at 23,805 those for the S&P 500 index ESM20, 1.15% were rising 0.2% at 2,864.50, while Nasdaq-100 futures NQM20, 1.04% gained 0.3% at 8,950.25. Stocks lost steam into the …
According to Richard Hayes, the CEO of Perth Mint, the gold outlook is upside since the world is facing a possible second wave of the Coronavirus outbreak. The gradual easing of all the restrictions and reopening the businesses will undoubtedly have an impact on precious metals prices. According to The CDS and the WHO, there …
danger of second wave could push gold prices to new record Read More »
Treasury price fell Monday, and yields rose, as investors attempted to digest the potential impact of a glut of debt from the likes of Apple and Kraft-Heinz and a trillions in coming government paper set to hit the market soon, which could in toto lower prices for existing bonds. The focus on the coming deluge …
Investors are fixating on corporate and government debt sales Read More »
U.S. stocks started the first trading day in May on a downbeat note after notching the best April for the benchmarks in years. The day’s losses wiped out weekly gains and were mostly reflective of the magnitude of the surge in the prior month and concerns about the earnings prospects for the likes of Amazon.com …
the first trading day in May, Dow falls 622 points Read More »
After notching the best April for benchmark in years, the first trading day in May started on a downbeat note for U.S. stocks. Weekly gains were wiped out by the day’s losses, and it mostly reflected on the magnitude of the surge of the previous month and opened some concerns about the earnings prospects for …
The First Trading Day In May, Started With A Downbeat Read More »
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