Market Overview - Page 361

Saudi Aramco reported a 25% fall in net income for the first quarter on Tuesday, as the state-owned oil giant battles with a dramatic slide in crude prices and cratering global demand. In a release published Tuesday, the company said.

Tesla CEO Elon Musk is not happy with how California is handling the COVID-19 pandemic. So much so that he threatened moving his headquarters to Texas or Nevada. Musk has recently said that the shelter-in-place orders are “fascist.” The Tesla.

Bitcoin faces a key technical event Monday known as the “halving.” Due to take place later in the day, industry insiders are debating what effect it might have on the cryptocurrency market. So what is the halving? You can think.

On Friday, Baker Hughes published a portion of weekly data on the number of drilling workers. The total number of drilling rigs in the United States fell by 34 to 374. This is the minimum number in the history of.

The price action of high-yield corporate bonds will signal to investors when the bear market triggered by the coronavirus pandemic is truly at its bottom, according to Longview Economics. A bear market is a broad decline in a stock market,.

Oil and natural gas exploration plunged to an all-time low as the economic and industrial dislocations from the Covid-19 pandemic snuffed out the remnants of the American shale boom. Drilling in U.S. oil and gas fields retreated by 34 rigs.

Russia’s coronavirus cases overtook Italian and British infections on Monday to become the third highest in the world after a record daily rise hours before President Vladimir Putin was due to review the country’s lockdown regime. The official tally surged.

As bitcoin investors brace for a long-awaited technical adjustment that will halve new supply of the cryptocurrency, the coronavirus pandemic has cast uncertainty over the expected rally that has historically accompanied such events. This “halving,” the third in bitcoin’s 11-year.

India reported 4,213 new coronavirus cases in the last 24 hours to bring its tally of confirmed infections to 67,152, according to the latest data by the Ministry of Health and Family Welfare. The number of new cases was the.

Last week, the U.S. indexes ended up with an increase of almost 4%. The S&P500 rose 35% against its low of March 23, which is explained by the strong position of the Fed and the U.S. authorities. The same can.

The coronavirus pandemic will cause China’s purchases of U.S. goods this year to fall way short of what was agreed to in the “phase one” trade deal, according to a forecast by think tank Center for Strategic and International Studies..

In the harshest downturn for American workers in history, employers cut an unprecedented 20.5 million jobs in April and the unemployment rate more than tripled to 14.7%. Joblessness now stands at the most since the Great Depression era of the.