Energy News
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Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine at his secretive firm, Renaissance Technologies, has died. He was 86. He died today in New York City, according to his charitable foundation, which didn’t cite a cause. In turning from academia to investing as he entered his 40s, Simons ...
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An indictment was unsealed today in the Eastern District of Virginia charging seven men with racketeer influenced and corrupt organizations (RICO) conspiracy and money laundering conspiracy in connection with their alleged participation in a large-scale gas pump skimming device organization. According to court documents, the defendants, led by Eduardo ...
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Bond markets make the financial world go round, helping to grease the wheels of commerce, allowing economic activity to expand. But when too much debt is issued, it can overwhelm demand, causing borrowing costs to spike which can be detrimental to the economy. This balancing act is attracting plenty of interest right now, especially when it comes to trends ...
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post: U.S PRESIDENT BIDEN TO QUADRUPLE TARIFFS ON CHINESE EVS - WSJ post: EV TARIFF RATE EXPECTED TO RISE TO ROUGHLY 100% FROM 25% - WSJ
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Main scenario: consider short positions from corrections below the level of 84.85 with a target of 67.60 – 57.00. Alternative scenario: breakout and consolidation above the level of 84.85 will allow the asset to continue rising to the levels of 94.00 – 100.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree ...
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An indictment was unsealed today in the Eastern District of Virginia charging seven men with racketeer influenced and corrupt organizations (RICO) conspiracy and money laundering conspiracy in connection with their alleged participation in a large-scale gas pump skimming device organization. According to court documents, the defendants, led by Eduardo ...
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The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade expanded at the start of the second quarter of 2024, ...
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Royce Mendes, managing director and head of macro strategy at Desjardins, joins to discuss the health of the Canadian consumer as retailers post cautious outlooks. Mendes says ...
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China urged the U.S. to create an enabling environment for bilateral relations and cooperation across various fields, noting that the generalization of the concept of national ...
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Consumer sentiment plunged to the lowest level in six months as price increases reaccelerated, according to the latest University of Michigan survey of consumers, released Friday. ...
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Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. The employment rate held steady at 61.4%, following six consecutive monthly ...
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UK gross domestic product (GDP) is estimated to have increased by 0.6% in Quarter 1 (Jan to Mar) 2024, following declines of 0.3% in Quarter 4 (Oct to Dec) and 0.1% in Quarter 3 ...
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Main scenario: consider short positions from corrections below the level of 84.85 with a target of 67.60 – 57.00. Alternative scenario: breakout and consolidation above the level of 84.85 will allow the asset to continue rising to the levels of 94.00 – 100.00. Analysis: supposedly, a downward correction continues developing as second wave of larger degree ...
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Natural gas is still on a tear, but its rally might be cut short soon as the commodity is approaching resistance levels marked by the Fibonacci retracement tool on its long-term chart. Price is closing in on the 38.2% Fib at $2.259, which lines up with a former support area. A larger pullback could take it up to the 50% level at $2.472 near the 200 SMA ...
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CME Group, the world's leading derivatives marketplace, today announced that trading in its U.S. Crude Grade futures, which are Argus-settled and trade as a differential to the global benchmark WTI Crude Oil futures, reached several records in April 2024: • Record ADV of 17.8K contracts, up 54% year-over-year • Record ADV for WTI Midland contracts of 7.1K, ...