Oil companies are betting big on “carbon capture” technology that sucks greenhouse gases out of smokestacks and the air. It could help a polluting industry remake itself. But is it too little, too late? …read more […]
The post Test appeared first on Investment U. …read more […]
As hysteria surrounding the illness drives some to stockpile toilet tissue, it’s also causing many to worry about a shortage of guns and ammunition. …read more […]
Oil fell on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus, while a price war between top producers added to a growing supply glut.
(Bloomberg) — Tencent Holdings Ltd. picked up millions of new gamers during the global coronavirus outbreak — yet that surge in mobile play may be slowing as the world’s No. 2 economy goes back to work.The quest for entertainment among millions confined to home translated into a big boost for Tencent’s marquee games, Honor of Kings and Peacekeeper Elite. That helped the company gain $25 billion of market value up to March 5, before a global market rout torpedoed the stock along with the rest of the market. WeChat operator Tencent is now expected to report its fastest pace of …read more […]
The owner of British Airways and easyJet, Europe’s no.3 and no.4 airlines, said they would cut capacity drastically to try to survive the coronavirus outbreak which has stopped people traveling around the world.
The owner of British Airways said it would cut its flying capacity by at least 75% in April and May and its outgoing boss Willie Walsh would defer his retirement in its fight to survive the coronavirus outbreak.
EasyJet , Europe’s fourth biggest airline, said it could ground the majority of its fleet as people stopped traveling due to coronavirus, and called for coordinated government backing to help the aviation industry survive.
Mar.16 — There are now over 166,000 coronavirus cases worldwide, and more than 6.400 deaths have been reported, as infections outside China surpass those on the mainland. Stephen Engle and Selina Wang report on “Bloomberg Markets: Asia.” …read more […]
For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and crews hard to drive drilling costs down by about $20 a barrel. The oil market rout last week, however, has left most shale firms facing prices below their costs of production. The Organization of the Petroleum Exporting Countries (OPEC) and major oil producers including Russia have turned on each other to launch a price war that threatens to sink shale companies burdened with higher costs. …read more […]
Stock markets were routed and the dollar stumbled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap U.S. dollars to ease a ruinous logjam in global lending markets.
Mar.16 — Beijing is now imposing a two-week quarantine on all people arriving from overseas, including Chinese citizens. The government has shifted its focus on limiting imported coronavirus cases as the number of infections outside China exceeds those on the mainland. Bloomberg’s Selina Wang reports on “Bloomberg Markets: China Open.” …read more […]
(Bloomberg) — The Federal Reserve’s shock interest-rate cut and bond-buying program rippled through global markets on Monday, with S&P 500 Index futures falling by the limit and Treasury yields moving sharply lower at the start of what promises to be another volatile week.Early reactions on Wall Street to the Fed’s moves were mixed. Some said the measures will help stabilize jittery financial markets, while others warned that the central bank’s emergency actions risked adding to investor panic. One refrain from across the spectrum: global policy makers will have to roll out more monetary and fiscal stimulus to counter the economic …read more […]
The Federal Reserve unexpectedly cut interest rates on Sunday for the second time in less than two weeks, an emergency move to help shore up the U.S. economy as a coronavirus pandemic spreads worldwide.
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