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Market Overview - Page 373


AI can’t solve this: The coronavirus could be highlighting just how overhyped the industry is
AI can’t solve this: The coronavirus could be highlighting just how overhyped the industry is.

The world is facing its biggest health crisis in decades but one of the world’s most promising technologies — artificial intelligence (AI) – isn’t playing the major role some may have hoped for. Renowned AI labs at the likes of.

US crude surges nearly 15% as inventories reportedly rise less than expected
US crude surges nearly 15% as inventories reportedly rise less than expected.

Oil prices jumped in the afternoon of Asian trading hours on Wednesday following a report that showed a smaller than expected crude inventory build stateside. West Texas Intermediate for June delivery surged 14.75% to $14.16 per barrel. International benchmark Brent.

The US will need to spend trillions more as economy takes until 2022 to fully recover: CNBC survey
The US will need to spend trillions more as economy takes until 2022 to fully recover: CNBC survey.

The economy could take one to two years to rebound to full strength and the Federal Reserve and Congress, having already committed historic sums to fight the coronavirus pandemic, will have to commit trillions more, according to respondents to the.

Greece spent 10 years thinking that things couldn’t get any worse, then the coronavirus hit
Greece spent 10 years thinking that things couldn’t get any worse, then the coronavirus hit.

Optimism had just returned to Greece after 10 years of severe financial difficulty, some civil unrest and gloomy economic prospects. But the global pandemic is now making Greeks even more concerned about their futures. “I do expect to be(come) unemployed,”.

US Consumer Confidence fell fast, but not deep yet
US Consumer Confidence fell fast, but not deep yet.

The US consumer confidence index fell to 86.9 in April from 118.8 a month earlier. Although this is the sharpest drop in the indicator in history, the index remained at comfortably high levels. It was steadily lower from the beginning.

FxPro Daily Insight for April 28
FxPro Daily Insight for April 28.

Market overview Futures on the SP500 added 1.4% before the start of the New York trading session after rising 1.4% a day earlier. Positive dynamics is ensured by a decrease in the number of daily new infected and the gradual.

Virus Likely to Keep Coming Back Each Year, Say Top Chinese Scientists
Virus Likely to Keep Coming Back Each Year, Say Top Chinese Scientists.

Chinese scientists say the novel coronavirus will not be eradicated, adding to a growing consensus around the world that the pathogen will likely return in waves like the flu. It’s unlikely the new virus will disappear the way its close.

Bitcoin Whale Suggests BTC Price Will Crash — Halving Is Priced in
Bitcoin Whale Suggests BTC Price Will Crash — Halving Is Priced in.

A major Bitcoin whale has implied that the upcoming halving is already priced in and BTC price can crash after the reward reduction. The third Bitcoin (BTC) block reward halving is set to occur in 14 days and this event.

Oil prices fall on brimming storage, global storage onshore was estimated to be about 85% full as of last week
Oil prices fall on brimming storage, global storage onshore was estimated to be about 85% full as of last week.

Oil prices plunged for a second day in a row on Tuesday on concerns about dwindling global capacity to store more crude and fears that demand may be slow to recover even after countries ease restrictions to combat the coronavirus.

Asian shares gain on signs lockdowns could ease
Asian shares gain on signs lockdowns could ease.

Most Asian shares made gains while U.S. stock futures fell on Tuesday amid choppy trade as a renewed decline in oil prices partially offset optimism about the easing of coronavirus-related restrictions. MSCI’s broadest index of Asia-Pacific shares outside Japan was.

Aussie recovery and suspicious weakening of the franc
Aussie recovery and suspicious weakening of the franc.

The world markets started trading session on Tuesday with a dive into the red zone. However, they managed to return to growth in the wake of news about the spread of coronavirus. Growth in the number of cases on April.

BP’s net profit slides 67% in the first quarter following a historic fall in oil prices
BP’s net profit slides 67% in the first quarter following a historic fall in oil prices.

Energy giant BP reported a significant fall in first-quarter net profit on Tuesday, as oil prices continue to dive amid intensifying concerns about the coronavirus crisis and dwindling storage capacity. The U.K.-based oil and gas company posted first-quarter underlying replacement.

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