It has been disappointing for the bulls that oil prices have failed to erupt in recent weeks, despite a flurry of positive news, including declining inventories and reports that OPEC + producers have mostly sticking to their promise cuts. And now the pendulum has swum to the opposite end and …
Read More »Residents of Louisiana, Cuba evacuate as twin storms target a U.S. coast
(Reuters) – Coastal residents in low-lying areas of Louisiana and Cuba were evacuated on Sunday as roads turned into rivers in Haiti’s capital as twin hurricanes threatened the Caribbean Sea and the Gulf Coast. Marco, which intensified after a hurricane on Sunday and is expected to hit the Louisiana coast …
Read More »Tech stocks defend downbeat data as dollar, global stock retreats
NEW YORK (Reuters) – The dollar weakened and global stock markets fell on Thursday, even as the tech-heavy NASDAQ index hit a record high and overlooked the growing signs of prolonged economic weakness. Gold rose also in a sign of buying safe haven. FILE PHOTO: Signage is seen outside the …
Read More »Tech stocks defend downbeat data as dollar, global stock retreats
NEW YORK (Reuters) – The dollar weakened and global stock markets fell on Thursday, even as the tech-heavy NASDAQ index hit a record high and overlooked the growing signs of prolonged economic weakness. Gold rose also in a sign of buying safe haven. A stock trader checks his screens at …
Read More »Record-breaking stocks are taking a height, data weighing on dollars
SINGAPORE / NEW YORK (Reuters) – Asia’s stock markets tied after Wall Street’s lead on Friday, but were set for their softest week in about a month as investors wrestled with sluggish economic data and airy ratings following a huge rally coronavirus loss. PHILO PHOTO: A man wearing a face …
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