Energy News
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The meme stock influencer Kieth Gill, better known online as Roaring Kitty or DeepFucking Value, opined on YouTube—carefully—on Friday about GameStop’s future as a company. It was his first livestream since 2021. “Do I have to be careful about what I saw here?” the influencer asked, while displaying a background of GameStop’s stock price on Yahoo Finance. ...
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A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures have been ...
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Two years ago, we started to raise key interest rates because inflation was too fast. Now the situation is better. Although prices continue to rise, especially in the service sector, overall inflation has slowed considerably. Next year, we will reach the goal of a two percent inflation rate. So we can now lower our policy rates. The most important of them ...
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Natural gas broke above the neckline of its inverted head and shoulders pattern to confirm that a reversal from the selloff is in order. Technical indicators also appear to be hinting at a return in upside pressure as well. The 100 SMA crossed above the 200 SMA to indicate that the path of least resistance is to the upside or that the climb is likely to ...
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There have been mixed reactions to Victoria's newest gas extraction project with some locals saying gas is still necessary in the move to renewables, while others believe "enough damage has been done" and want to the state government to listen to its constituents. On Thursday the Victorian government announced it had approved the first new application for ...
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Investors will be looking to May’s nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation. Economists surveyed by Dow ...
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US May non-farm payrolls came in at 272k versus the 180k consensus and higher than any of the 77 forecasts submitted to Bloomberg – the range was 120-258k. Private payrolls rose ...
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According to preliminary data from the Federal Statistical Office (Destatis), real (price-adjusted) production in the manufacturing sector fell by 0.1% in April 2024 compared to ...
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Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. ...
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Employment was little changed in May (+27,000; +0.1%) and the employment rate fell 0.1 percentage points to 61.3%. The unemployment rate was 6.2% in May, up 0.1 percentage points ...
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Two years ago, we started to raise key interest rates because inflation was too fast. Now the situation is better. Although prices continue to rise, especially in the service ...
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Main scenario: consider short positions from corrections below the level of 80.85 with a target of 63.77 – 55.00. Alternative scenario: breakout and consolidation above the level of 80.85 will allow the asset to continue rising to the levels of 87.80 – 94.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree ...
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Natural gas broke above the neckline of its inverted head and shoulders pattern to confirm that a reversal from the selloff is in order. Technical indicators also appear to be hinting at a return in upside pressure as well. The 100 SMA crossed above the 200 SMA to indicate that the path of least resistance is to the upside or that the climb is likely to ...
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Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through March, good for a 73% decline from a record $5.5 billion posted a year earlier. The company’s revenue fell 5.4% ...