Oil is a commodity, and as such, it tends to see larger fluctuations in price than more stable investments, such as stocks and bonds. There are several influences on oil prices, a few of which we will outline below. Key Takeaways Oil prices are influenced by a variety of factors, particularly the decisions about output
Jeff Bezos and Elon Musk Getty Images The two richest men on the planet are sparring in front of federal regulators over the massive satellite internet projects their companies are developing. SpaceX CEO Elon Musk took to Twitter on Tuesday, as his company works to persuade Federal Communications Commission officials that it should allow SpaceX
Spain’s health minister quit on Tuesday to run as his party’s lead candidate in Catalonia’s regional elections, a political gamble by the ruling Socialists when the country is contending with a record number of coronavirus cases. The party is seeking to capitalise on what supporters say is the reputation Salvador Illa has forged over the
Global stock markets rose on Tuesday, as investors cheered a strong corporate earnings season and banked on the US Federal Reserve reaffirming its loose monetary policy at its meeting this week. On Wall Street, the blue-chip S&P 500 index rose 0.1 per cent while the technology-focused Nasdaq Composite gained 0.3 per cent, after hitting a
Traders work on the floor of the NYSE. NYSE Short sellers on the ropes — or are they? Short sellers clearly have picked the wrong names in January. The GameStop phenomenon — where buyers deliberately target heavily shorted stocks — is only the most recent development in a long series of failures from short sellers. But
A trading surge that lifted UBS Group’s profit last quarter still fell short of Wall Street’s performance, a sign that Europe’s investment banks may not have fully seized the equities-led rally. Revenue from buying and selling stocks — a traditional strength at the Swiss lender — increased 28% to $1.07 billion in the fourth quarter.
On Jan. 20, BlackRock, the world’s largest asset manager with over $8.7 trillion assets under management, appeared to have given the green light to two of its associated funds, BlackRock Global Allocation Fund Inc. and BlackRock Funds, to invest in Bitcoin futures. In this regard, the prospectus documents filed with the United States Securities and
Quiet spaces for fitness and meditation are a strong wellness design trend. Photo Courtesy of Designer: Ana Cummings; Photographer: S. Dutchesen // Wellness by Design (Tiller Press) (c) J. Gold Wellness design was a strong and growing trend before Covid-19 reached our shores early last year, but it has exploded in popularity as the virus
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images The surge in home prices is not slowing down, thanks to high buyer demand and a record low supply of
In Daly City, California, authorities are investigating a crypto scam incident where a man lost $27,000 worth of bitcoin. A 48-year-old man claimed the scammers tricked him into giving them the keys to his wallet. Scammer Impersonated a Crypto Wallet Hardware Firm Ledger Representative Per KTVU FOX 2, the unnamed victim received a text message
Getty getty Democrats took control in Washington and began laying out their agenda for the next four years. Many media outlets across the country may shift their economic outlook as a result. The press organizations that were negative on the markets, foreign policy, defense, and healthcare, over the last four years may now turn positive
Greenspoon Marder LLP has named attorney Jeannette Bond of counsel as part of its public finance buildout. Bond, who works in New York, was previously special tax counsel for the public finance team at McCarter & English LLP until her recent retirement from that firm after more than 20 years as special counsel. Jeannette Bond
Vancouver, Canada – TheNewswire – January 26, 2021 – Medgold Resources Corp. (TSXV:MED)|(FRA:1XD) is pleased to announce the completion of a positive Preliminary Economic Assessment (“PEA”) for the Barje gold deposit at its Tlamino Project, Serbia (“Barje”, “Tlamino”, the “Project”). The highlights of the PEA are as follows: – Based on simple open-pit mining
Elizabeth Warren is looking forward to working with Yellen to “help our economy, small businesses, and families recover from this crisis”… (by Half Dollar) It’s official. Janet “Never-Another-Financial-Crisis-In-Our-Lifetimes” Yellen is now Treasury Secretary. Here’s how she got her nickname (video will begin playing at the correct timestamp): [embedded content] So here’s the question: If you
Twitter has entered into a binding agreement to settle the shareholder derivative lawsuits that accused CEO Jack Dorsey and other executives of misleading shareholders about Twitter’s growth, while selling their own personal stock. The lawsuits were first filed in October 2016 by shareholder Jack Porter, and accused Dorsey and his colleagues of misrepresenting the growth
Take a look at some of the biggest movers in the premarket: American Express (AXP) – The financial services giant reported fourth-quarter earnings of $1.76 per share, compared to a consensus estimate of $1.31 a share. Revenue matched Wall Street forecasts. Amex suffered a slump in travel and entertainment spending, although a jump in online
by Michael Snyder Have you heard about H.R. 1? If not, I would urge you to read the text of the bill immediately. It is called the “For The People Act”, and you can find it right here. The text of this bill specifically states that Congress has the “ultimate supervisory power over federal elections”, but
Given the hundreds of indicators that are available to traders, finding the appropriate technical tools to use in day trading can be a difficult task. The good news is that the majority of indicators can be used in day trading simply by adjusting the number of time periods used in creating the indicator. Most traders
Matteo Colombo | DigitalVision | Getty Images For most investors these days, it’s literally a “PIPE dream.” PIPEs, or private investments in public equity, are mechanisms for companies to raise capital from a select group of investors outside the market. But as PIPEs are increasingly being deployed in conjunction with a surge in SPAC mergers,
UBS has pledged to return billions more to shareholders as surging income for the world’s super wealthy led to a sharp rise in profits in 2020, despite the global pandemic. The Swiss bank said on Tuesday that it intends to expand its plans to return capital to shareholders. It has proposed a dividend of $0.37
Rolls-Royce has warned that cash outflows will be more than double the expected level as global travel restrictions cut into flying times. But the company stuck with a forecast to turn cash flow positive during the second half of the year. The jet engine maker said that it now expected a cash outflow of around
The Price You Pay for College: An Entirely New Roadmap for the Biggest Financial Decision Your Family Will Ever Make, by Ron Lieber (HarperCollins, 2021). College is expensive. Aside from retirement, paying for college is one of the top planning priorities of financial advisors’ clients. Parents and often grandparents grow increasingly consumed with this question
According to research by Messari, the top three online brokerage firms in Japan are experiencing surging revenue from their cryptocurrency exchange services. In its Asian Crypto Landscape report, Messari noted the operating revenue and net worth of exchange platforms operated by Japan’s top securities brokers is quickly catching up to that of their crypto-native rivals.
There are several routes that potential homeowners can choose to get information about real estate purchases. However, some of these sources may give outdated information. For first-time buyers, this misinformation can create some strange misconceptions about the process of purchasing. One of the most common areas that potential homeowners are typically misinformed about is down
Marathon Patent Group announced Monday that it bought 4,813 bitcoins in a deal worth $150 million. The firm joins the growing list of publicly listed companies holding bitcoin in their treasuries. Merrick Okamoto, chairman and chief executive officer of Marathon, said the Nasdaq firm is buying bitcoin (BTC) as a reserve asset. “We…believe that holding
Covid restrictions for those over 65 have remained in place for months in most places. Widowed aging parents may have no one to touch them, be with them, or pay much regular attention to them. Some seek company on the internet. Dating sites for those over 50 years of age are out there, and your
Municipals were firmer in spots but triple-A yield curves held at Friday’s levels even as U.S. Treasuries gained on the tail of equity losses. The start of the new week brought with it an increasing demand for paper amid ongoing scarcity and high-yield is the paper du jour. On a week-over-week basis, the performance of
Silver is trading mostly unchanged on the day near $25.44 per ounce at press time. The semi-precious metal is struggling to gather upside traction, marking a weak follow-through to the bullish outside week candle created in the five days to Jan. 22. A bullish outside week occurs when an asset sees more volatility than the
January’s big gold-stock volatility must be considered as a whole to be properly processed and gamed. The leading… by Adam Hamilton of Zeal LLC The gold miners’ stocks have had a wild ride this month, surging then plunging. After hitting new upleg highs, the leading gold-stock benchmark collapsed in a sharp drawdown. That gutted bullish sentiment,
Should you call GameStop’s (GME) astounding run-up this month amazing, or ridiculous? Perhaps “amazingly ridiculous” is a reasonable compromise. From Jan. 4, the first trading day of the New Year, through Monday’s close, shares of this terminally ill mall-based retailer (Q3 sales — down 30% year-over-year) have shot up 345% in three short weeks. And
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