Oil prices edged higher on Thursday after data showed U.S. crude inventories fell again, easing concern about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains.
Oil prices edged higher on Thursday after data showed U.S. crude inventories fell again, easing concern about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains. Brent crude futures for July delivery were trading up 17 cents, or 0.5%, at $35.92 per barrel at 0024 GMT. U.S. West Texas Intermediate (WTI) crude futures for July were up 4 cents, or 0.1%, at $33.53 a barrel. …read more […]
Canada Goose Holdings Inc has laid off about 250 workers, as the COVID-19 pandemic saps demand for the company’s luxury parkas, the Wall Street Journal reported on Wednesday.
Mastercard Inc will not ask employees to return to its worldwide corporate offices until they are comfortable that the sometimes fatal coronavirus is under control with vaccines or other measures, a senior executive told Reuters on Wednesday.
American astrophysicist, Neil deGrasse Tyson, also known as the coolest smartest guy in Manhattan, has a cult following. Neil deGrasse Tyson doesn’t fit the image of one might have of a genius scientist. Not in the way he looks, the way he sounds, the way he walks. And then there’s the coolness factor. The guy’s […] …read more […]
American astrophysicist, Neil deGrasse Tyson, also known as the coolest smartest guy in Manhattan, has a cult following. Neil deGrasse Tyson doesn’t fit the image of one might have of a genius scientist. Not in the way he looks, the way he sounds, the way he walks. And then there’s the coolness factor. The guy’s […] …read more […]
Airline Lufthansa said on Thursday it is in advanced talks with the German government’s economic stabilisation fund over a rescue deal worth up to 9 billion euros ($9.88 billion), including the state taking a 20% stake in the company.
Asian shares were poised to open higher on Thursday after global equities and crude prices rallied overnight on hopes of a rapid economic recovery and government support.
(Bloomberg) — From the Middle East to Siberia, the North Sea down to Latin America, the prices of physical cargoes of crude oil are rallying hard almost everywhere, underpinning a surge in headline futures markets. Now, though, attention is turning toward just how sustainable the recovery will really be.Brent crude traded on the ICE Futures Europe exchange has nearly doubled to about $35 a barrel in the past month, while America’s West Texas Intermediate — which dipped into negative territory at one stage — has also soared. All that’s happened because global producers have slashed millions of barrels of output …read more […]
Four Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc, owner of Uber Eats, to buy rival online food delivery company Grubhub Inc would “raise serious competition issues” in many cities.
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
The central bank’s words and actions have sent mortgage rates through the floor. …read more […]
China Mobile Limited (HKG:941) is about to trade ex-dividend in the next 4 days. If you purchase the stock on or after… …read more […]
As I’m sure you know, the race for a vaccine is on… with each second the markets are open. The direction of the market depends on whether the vaccine news flow is positive or negative.
You saw that positive impact on Monday, when the Dow soared 1,000 points on the promise of Moderna’s (Nasdaq: MRNA) vaccine.
You also saw the negative impact yesterday afternoon, when doubt was planted about the true validity of Moderna’s vaccine effectiveness – and the markets got hit with a sharp and sudden reversal.
Clearly, the direction of the markets now hinges on the vaccine news – which is …read more […]
And just like that, the global race to advance a COVID-19 vaccine got turned up a notch. On Monday, mRNA specialist Moderna (MRNA) announced positive data regarding its COVID-19 vaccine candidate, mRNA-1273.5-star Oppenheimer’s Hartaj Singh applauds Moderna’s “unprecedented pace of development” and highlights the vaccine’s potential to accelerate the mRNA platform’s progress. In the first stage of the Phase 1 study across three different dose groups (25, 100, 250 µg), following the analysis of eight patients’ data, all developed neutralizing antibodies which stopped the virus from replicating. Additionally, the study showed the vaccine was safe, and that the …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
