Fed chief mentions U.S. economic recovery slows
(Reuters) - The surge in U.S. coronavirus cases is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, and he promised the U.S. central…
Gold rallies on U.S. stimulus, as Asian stocks pull back
NEW YORK (Reuters) - Asian equities pulled backed on Wednesday as an impasse in U.S. economic stimulus negotiations pushed global stocks lower and sent investors into safe-haven assets like gold,…
If Biden Becomes President: Iran Could Flood Oil Markets
If presumptive Democratic candidate Joe Biden wins the presidential election in November, Iran could suddenly turn from a bullish driver for oil prices into a bearish factor if it resumes…
India May Store Its Crude In The U.S
India may store some of its crude oil in the United States, the Hindustan Times reports, citing unnamed sources in the know. “The proposal to store oil in the US is…
California driller files for bankruptcy
HOUSTON (Bloomberg) --California Resources Corp. filed for bankruptcy, kicking off what could turn into the next wave of collapses among oil drillers and the businesses that depend on them. The…
Betting On This COVID-Proof Industry would be Best
Investors are looking for the next post-coronavirus trend... And it's already here. While the world is in varying degrees of lockdown... Investors are home looking to profit from one stealth…
China’s resource claims in South China Sea rejected
WASHINGTON (Reuters) - The United States on Monday rejected China’s disputed claims to offshore resources in most of the South China Sea, a move that may further sour the fraught…
U.S.: Venezuelan Fuel Oil swapped For Russian counterpart
The United States has been raising its imports of fuel oil from Russia over the past year and a half after the U.S. imposed sanctions on Venezuela’s exports, Reuters reported on Monday,…
Marcellus threatened by Atlantic Coast pipeline cancellation
NEW YORK (Bloomberg) --To understand why the cancellation of the $8 billion Atlantic Coast Pipeline at the start of this week was such big news, consider America’s most important natural…
17.6 million unemployed Americans will not be called back
Just over 1 in 10 Americans who are out of work because of the coronavirus pandemic don’t have a good chance of getting called back to their old jobs, according to…