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European Gas Prices Surge on Russia Pipeline Delays
3 years ago
Commodities News
Russia’s Nord Stream 2 gas pipeline faced fresh commissioning delays as crucial approval from the German regulator was further delayed this week. European gas prices rose sharply on the back of this news, as the pipeline is now only expected ...
Bank of England Could Be First Major Central Bank to Tackle Inflation
3 years ago
Stocks News
The UK is facing 10-year high inflation levels. With the US facing 31-year highs and China facing 26-year records, tackling inflation is on everyone’s agenda. Britain could be the first major economy to hike interest rates. Fueled by higher energy ...
Bitcoin Takes a Hit as China Cracks Down on Crypto Mining
3 years ago
Cryptocurrency News
Authorities in China took a fresh swipe at crypto mining by calling the practice “extremely harmful.” Citing crypto mining as a threat to the country’s efforts to reduce carbon emissions, authorities have voiced concerns at the amount of electricity it ...
Gold Fails to Protect Investors from Runaway Inflation
3 years ago
Commodities News
With inflation at a 31-year high and a 26-year record in the US and China, respectively, gold is not providing the protection it usually does. Gold Exchange-Traded Funds (ETF) are lagging. The SPDR Gold Trust (GLD), with $56.1 billion in ...
US Stock Futures Hold Lower Ahead of Inflation Report
3 years ago
Stocks News
Stock futures on both the Dow and Nasdaq ended Tuesday’s session lower, as investors keenly awaited an important inflation report to be released today. The US Labor Department's Consumer Price Index (CPI) report for October is expected to reflect that ...
Five Things to Watch for this Week (8-12/11/2021) in the Markets
3 years ago
FOREX News
With trading sessions for the week starting November 8 now into their second day, here are the top five things to watch in markets. US September-Quarter Earnings Season Expect to see reports from a number of blue-chip companies such as ...
The Reasons Why Warren Buffett Views Cryptocurrencies as Poison
3 years ago
Cryptocurrency News
As cryptocurrencies continue to rise in value and popularity, with Bitcoin breaking the $66,000 mark on Wednesday, there is growing dislike of these currencies in the US and internationally. Indeed, no one detests cryptocurrencies like Warren Buffett. The legendary Omaha-based ...
Oil-Based Commodity Prices Soar on the Back Of COP26
3 years ago
Commodities News
The 2021 United Nations Climate Change Conference, also known as COP26, has seen politicians from several countries make ambitious pledges to reduce greenhouse emissions. Scores of world leaders signed a pledge to slash potent climate heating gas methane by 30% ...
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