Sally rumbles into U.S. Gulf Coast, historic flooding possible

© Reuters. A US maritime flag indicating a hurricane warning flies as Hurricane Sally approaches Gulfport By Jennifer Hiller HOUSTON (Reuters) – Hurricane Sally drew closer to the U.S. Gulf Coast on Tuesday morning, threatening historic floods along the coast, the National Hurricane Center said, with more than two feet (61 cm)of rain expected in […]

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Turkey To Complete Exploration Drill of Historic Gas Find Next Month

© Bloomberg. The Fatih oil drilling ship prepares to sail to the contested waters of the Mediterranean Sea for oil and gas drilling operations near Anatalya, Turkey, on Tuesday, Oct. 30, 2018. Turkey’s first deep-sea drilling ship, flanked by Turkish war vessels, set sail Tuesday looking for natural gas and oil in contested waters of […]

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Asian stocks set to sink after historic U.S. oil rout

By Katanga Johnson WASHINGTON (Reuters) – Asia shares were poised to track a Wall Street tumble on Tuesday after futures turned negative for the first time in history, crushed by a spectacular collapse in oil demand as the coronavirus pandemic derails the global economy. Global equity markets slid and bond prices rose as traders dumped […]

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Dollar’s “historic rally is not quite over” — Goldman Sachs

Goldman Sachs on the US dollar Goldman Sachs doesn’t think the dollar rally is over yet. In another equity decline, they expect the dollar to rise 3-5% on a trade-weighted basis. That would put the dollar in line with its 2002 highs, or close. They are watching two charts in particular — EUR/USD and USD/CAD […]

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Comic: Stocks Plunge Into Bear Market As Coronavirus Ends Historic Bull Run

By Jesse Cohen Investing.com – Wall Street’s wild yo-yo week continued on Thursday, with the major U.S. indices plunging into bear market territory, as mounting fears over the economic impact of the coronavirus rattled sentiment. Thursday’s rout came after yet another volatile session on Wall Street, which saw the longest bull run in U.S. stock […]

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Historic Day in Markets Has Traders Rethinking What’s Possible

(Bloomberg) — What started with the biggest oil-price collapse since 1991 is shaping up to be one of the wildest days in years for global markets. Panic selling, margin calls, vanishing liquidity and coronavirus work-from-home arrangements were just some of the challenges traders faced as risk assets plunged, currency volatility soared and money flooded into […]

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