Oil Down 3.5% on Week; Demand Concerns Offset Euro Vaccine Progress

© Reuters. By Barani Krishnan Investing.com – Oil prices fell as much as 3.5% on the week as concerns over summer fuel demand offset news that Europe appeared to be finally turning the corner on its Covid-19 vaccine crisis. Germany doubled the number of daily Covid-19 vaccinations, France hit a key immunization milestone a week […]

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Oil Ends Down 4% as Euro Covid Worry Offsets Suez Jam

© Reuters. By Barani Krishnan  Investing.com — The volatility in oil isn’t going away as growing worries over Europe’s third wave of COVID-19 overwhelmed risks to the global crude trade from a tanker jam on the Suez Canal. Crude prices settled down 4%, resuming their slide after Wednesday’s 6% leap recouped almost all what the […]

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Dollar Inches Down but “Regains Mojo” as Fed Deflects Early Interest Hike Hopes

© Reuters. By Gina Lee Investing.com – The dollar inched down on Friday morning in Asia but was boosted by rising Treasury yields and a fall in global shares. Investors also continue to contemplate the U.S. Federal Reserve’s deflection of early interest-rate hike expectations. The that tracks the greenback against a basket of other currencies […]

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Tesla Down 2% On UK Cutting Subsidies for EVs, Mounting Challenges

© Reuters By Dhirendra Tripathi Investing.com – Tesla (NASDAQ:) shares were down in premarket trading Thursday, after a report saying that its most popular model in the U.K., Model 3, will no longer be covered by the country’s subsidy program. The Times reported that grants for electric cars will be cut by £500 and abolished […]

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Dangerous winter storm batters western U.S. as airport, highways shut down

4/4 © Reuters. FILE PHOTO: Severe winter storm hits Denver 2/4 By Keith Coffman DENVER (Reuters) – A dangerous winter storm pummeled parts of the U.S. Rockies and western Plains with heavy snow on Sunday, shutting down Denver’s busy airport and forcing the closure of major highways. Snowfall accumulations were expected to reach 3 feet […]

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GameStop CFO to step down after Reddit driven stock rally

© Reuters. FILE PHOTO: FILE PHOTO: A GameStop store is pictured in New York By Jessica DiNapoli and Subrat Patnaik NEW YORK (Reuters) – GameStop (NYSE:) Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of […]

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Petrobras shares slump as Brazil’s Bolsonaro doubles down on intervention

© Reuters. FILE PHOTO: A logo of Brazil’s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro By Sabrina Valle and Gram Slattery RIO DE JANEIRO (Reuters) – Petrobras shares plunged 22% on Monday, wiping out 71 billion reais ($ 13 billion) in market value, as Brazilian President Jair Bolsonaro again […]

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Four down days in a row for the S&P index. Longest losing streak this year

NASDAQ index and Dow industrial average close marginally higher. Russell index surges The S&P index closed lower for the 4th consecutive day. That is the longest losing streak for the year S&P and NASDAQ post the 1st weekly loss in the 3 weeks NASDAQ and Dow industrial average have modest gains on the day Dow’s […]

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