Market Overview - Page 365

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.

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.