“Go ahead, pick a number,” seems to be the dare for gas bulls these days. prices have risen so much that, just three months ago, few could’ve imagined we’d be here.But here’s where we are, just off seven-month highs and within striking distance of $3.50 per mmBtu, or million metric British thermal units. At the March close, the energy commodity was at $2.60. Of course, this price of gas is...
The EU has finally lifted its ban on US travellers entering Europe, just ahead of the summer travel season. And after more than a year of lockdowns and restrictions, consumers are beyond eager to once again be on the move and get out of the house. With such a promising scenario, one would expect airlines and their respective stocks to be huge beneficiaries. However, American Airlines Group (NASDAQ:),...
(Bloomberg) -- The Bank of England’s top banking regulator said the $10 billion meltdown of Archegos Capital Management was “extraordinary” and may lead to supervisory fallout around the world. Sam Woods, head of the BOE’s Prudential (NYSE:) Regulation Authority, told U.K. lawmakers on Wednesday that British regulators’ probe into the collapse would likely conclude within the next...
Investing.com - was trading at $133.480 by 18:54 (13:24 GMT) on the Investing.com Index on Wednesday, up 24.45% on the day. It was the largest one-day percentage gain since Monday, May 24, 2021. The move upwards pushed Litecoin's market cap up to $8.629B, or 0.63% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $25.609B. Litecoin had traded in a range of $115.589 to...
has given up nearly all of its 95% gain from earlier in the year after US builders snuffed the rally in the home construction commodity by simply choking activity.Since reaching an all-time high of 927,000 units in October 2020, the annual pace of new home sales in the United States has fallen around 20%. Reason: Fewer houses have been coming on the market each month, despite roaring demand.Part of it...
Summer vacation 2020 was hardly anything but bleak, with COVID-19 causing many to cancel their vacation plans, and stocks in the entertainment, booking, airlines, cruises, and hotel sectors taking significant hits. Now, fast-forward to Summer 2021. Underpinned by a flood of stimulus measures and successful COVID-19 vaccine rollouts, many beaten-down names have made impressive recoveries from their...
(Bloomberg) -- U.S. restaurants, faced with higher food and labor costs, are raising menu prices at a much faster pace than historical rates, insistent on preserving profits after an arduous year. From local restaurants to national chains like Chipotle Mexican Grill Inc (NYSE:)., owners have boosted prices by as much as 5% in the past few weeks alone. Even at fast-food companies that were locked...
Investing.com - was trading at $1.282176 by 13:47 (08:17 GMT) on the Investing.com Index on Wednesday, up 14.41% on the day. It was the largest one-day percentage gain since Wednesday, May 26, 2021. The move upwards pushed Cardano's market cap up to $40.918106B, or 42.81% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $71.557257B. Cardano had traded in a range of...
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In the previous session, we have seen a gap down opening in the market. However, in the rest of the session index recovered gradually from intraday lows near 15505.65 levels. The Index closed the day with a net gain of 63.15 points. A strong bullish candle was formed on the daily chart. Now the level of 15450 will act as an important support for the index. As we have entered in a week of Monthly...
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