Author: News Room
By Geoffrey Smith Investing.com — The surprise production cuts announced by nine members of the ‘OPEC+’ group at the weekend may have been aimed at crude short-sellers as much as anything else, according to analysts at UBS. Giovanni Staunovo, a commodities strategist with UBS’ Chief Investment Office, said in a note to clients that it was “possible the surprise cut was aimed to clear the buildup of short futures and options positions in recent weeks.” Crude oil futures typically trade with a net “long” bias, that hit an all-time high of 734,000 contracts in 2017 and has been declining steadily,…
© Reuters. FILE PHOTO: Airbus A321XLR is being prepared before take-off for its maiden flight at Hamburg-Finkenwerder Airport, Germany, June 15, 2022. Picture taken through glass. REUTERS/Fabian Bimmer (Reuters) – Icelandair Group HF said on Friday it signed a provisional deal to purchase 13 of European planemaker Airbus SE (OTC:)’s latest A321XLR single-aisle jet, with deliveries slated to begin in 2029. As part of the deal, Icelandair has an option to purchase an additional 12 aircraft after buying 13 of Airbus’ newest and largest narrowbody airliner at an undisclosed price. Icelandair, however, said it plans to start using the world’s…
Supreme Court Justice Clarence Thomas has reportedly been accepting lavish gifts from Republican megadonor Harlan Crow for decades without disclosing those gifts, according to a report Wednesday from ProPublica.Thomas, 74, has reportedly vacationed on Crow’s 162-foot superyacht, used Crow’s private plane and spent time at luxury retreats owned by the wealthy developer. Thomas, who is viewed as one of the most conservative justices on the Supreme Court, was nominated to the court by President George H. W. Bush in 1991. He is the longest-serving current justice. The following are four key facts about Harlan Crow.Crow has given gifts to Justice Thomas and…
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly!INVESTING NEWS & TRENDSGot gold? Biggest gold ETF attracts investors as the ‘safe haven’ yellow metal shines There’s been a bit of a gold rush lately. Read More ‘Every time the bulls think they can celebrate, the Fed or the Treasury throws cold water on the party.’ This rally so far is an oversold one. S&P 500 resistance is at 4040, with support at 3760, writes Lawrence McMillan. Read MoreThis Gabelli financial-fund manager has bucked this year’s brutal…
The US Environmental Protection Agency is preparing to release strict new proposed federal emissions standards for light-duty vehicles that, if implemented, would move the US car market decisively toward electric vehicles over the next decade. The EPA is considering emissions standards that could make up to two-thirds of new passenger vehicles sold in the US electric by 2032, according to a source familiar with the proposal. If implemented, the new greenhouse gas performance standards would start for light-duty vehicles that are model year 2027 and gradually increase through model year 2032. By 2032, the rules would ensure that 64% to…
China’s financial sector is reeling from a series of new corruption probes and a surge in surprise audits of venture funds, as President Xi Jinping sharpens his focus on an industry he sees as failing to serve the broader economy. With Beijing’s graft-busting Central Commission for Discipline Inspection warning against “hedonism” and “high-end lifestyles”, banks have also been making deep cuts to executive pay and bonuses as former high-ranking officials come under investigation.Since February, more than a dozen executives have been investigated or penalised as the CCDI began a fresh drive to “resolutely” fight misconduct in the sector and eradicate…
Healthcare spending is set for material growth with the US alone set to see healthcare spending rise by 8% of GDP from 2018 through 2040. Both Medical Properties Trust (NYSE:MPW) and Healthcare Realty Trust (NYSE:HR) form two REITs in the space that whilst having some similarities offer investors highly divergent total return profiles as we see through the end of the current monetary tightening cycle. Medical Properties last declared a quarterly cash dividend payout of $0.29 per share, in line with its prior payout and a 14.3% forward yield. Healthcare Realty’s last quarterly dividend payment was $0.31 per share, also…
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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.There are already speculations about the cryptocurrency tokens that would rise in the new year. This article will explore three different tokens, Fantom (FTM), Solana (SOL), and Collateral Network (COLT), and why they could be the next game changers in the DEFI space. Notably, Collateral Network (COLT) is expected to surge by over 3500% in the coming months.>>BUY COLT TOKENS NOW<<Fantom (FTM)As it stands, Fantom (FTM) is experiencing a surge, primarily due to the Singapore-based Hyper Chain Capital declaring its investment in the Fantom token worth $15…
