Market Overview - Page 362

The stock market has bounced back fast since the epic selloff in March. But even bullish investors admit that we’re currently pricing in the top-end of a very optimistic recovery. As Fidelity’s Jurrien Timmer puts it: At this point the.

Voluntary production cuts by OPEC members show that oil producing countries are doing what they can to stabilize the market during the ongoing coronavirus outbreak, one strategist told CNBC this week. Saudi Arabia on Monday said it will reduce output.

Prices in the United States fell in April at the highest rate since 2008. A new BLS report noted a fall in the general price level in the USA by 0.8% mom, by April last year, growth had slowed to.

The U.S. dollar clung on to gains on Tuesday on growing fears about a second wave of coronavirus infections and after the Federal Reserve played down the likelihood of negative U.S. interest rates, boosting the currency’s yield attraction. Fed policymakers.

Norway plans to draw a record 382 billion kroner ($37 billion) from its wealth fund, in a move that will force the world’s biggest sovereign investor to embark on an historic asset sale to generate cash. The unprecedented withdrawal is.

Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins are created. The world’s biggest cryptocurrency’s so-called “halving” happens roughly every four years. The digital currency relies on what are known as “miners”, who.

Factory workers began returning to assembly lines in Michigan on Monday, paving the way to reopen the U.S. auto sector but stoking fears of a second wave of coronavirus infections as strict lockdowns are eased across the country. With millions.

Stocks futures were little changed in early morning trade on Tuesday as investors evaluated the latest attempts to reopen the economy. Futures on the Dow Jones Industrial Average dipped 53 points, implying a Tuesday opening decline of about 61 points..

Asian indices are losing about 1% on Tuesday morning while futures for European and US indices point to open in the red. This is associated with the emergence of a new sickness case in Wuhan, which brings back fears of.

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.