OPEC+ Drama Helps Gasoline to 1st Week Above $2 Since 2019

© Reuters. By Barani Krishnan Investing.com –  US gasoline futures finished their first week above $ 2 per gallon since 2019, while global crude benchmark Brent neared $ 70 a barrel, after producer alliance OPEC+ largely withheld a production hike for next month, defying market expectations. New York-traded settled at $ 2.065 per gallon on […]

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BT denies any CEO rift behind chairman’s retirement

© Reuters. Company’s logo is displayed at British Telecom (BT) headquarters in London LONDON (Reuters) – BT denied any “misalignment” between board and management on Saturday after Sky News said that CEO Philip Jansen had indicated he might resign unless it replaced its chairman. The British broadband and mobile telecoms operator said on Monday that […]

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Major indices have another wild ride in trading today

Major indices close near highs for the day It was another wild day in the equity complex.   The major indices are all closing higher and near their session highs after earlier falls were erased. Dow posted the best weekly performance in four weeks NASDAQ sees its second straight weekly loss Dow S&P and NASDAQ snap three day losing streak […]

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CFTC Commitments of Traders: EUR long position trimmed. GBP longs is the largest since April 2018

CFTC Commitments of Traders: EUR long position trimmed. GBP longs is the largest since April 2018 Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Weekly forex futures positioning data for the CFTC for the week ending Tuesday, March 2, 2021 EUR long 126K vs 138K long last week. Longs […]

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Exclusive: U.S. agency probes Facebook for ‘systemic’ racial bias in hiring, promotions

© Reuters. FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration By Paresh Dave (Reuters) – A U.S. agency investigating Facebook Inc (NASDAQ:) for racial bias in hiring and promotions has designated the probe as “systemic,” attorneys for three job applicants and a manager who claim the company discriminated […]

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Give shut-out U.S. coal, auto workers a chance in green energy – Manchin

3/3 © Reuters. FILE PHOTO: Senator Joe Manchin Democrat of West Virginia discusses climate policy coal and renewable energy at a press briefing at the IHS Markit CERAWeek conference in Houston 2/3 By Timothy Gardner WASHINGTON (Reuters) – U.S. coal and auto industry laborers who have lost jobs as the economy moves to green energy […]

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Disneyland, other California theme parks get go-ahead for limited reopening April 1

© Reuters. FILE PHOTO: Walt Disney Co’s Disneyland and California Adventure theme parks in Southern California are now closed due to the global outbreak of coronavirus in Anaheim, California LOS ANGELES (Reuters) – California health officials on Friday gave Walt Disney (NYSE:) Co’s Disneyland and other theme parks the go-ahead to reopen at limited capacity […]

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Unfazed by bond market, Fed sets course for sustained, easy policy

2/2 © Reuters. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC 2/2 By Ann Saphir, Dan Burns and Jonnelle Marte (Reuters) – U.S. central bankers on Friday signaled they do not plan to touch the dial on their super-easy policy for some time, expressing little concern over the rapid rise in U.S. […]

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Oil hits almost 14-month high after OPEC+ extends output cuts

© Reuters. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing By Noah Browning LONDON (Reuters) – Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await […]

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