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Dollar hits five-month highs vs. yen as US yields climb on inflation talk LONDON (Reuters) - The dollar rose against low-yielding currencies on Wednesday, reaching a five-month high against the yen, as U.S. bond yields jumped on the prospects of further economic recovery and a possible acceleration in inflation. FILE PHOTO: ...
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With Bitcoin Breaking $50000, Even Wall Street Skeptics Must Pay Attention For many professionals involved in the traditional financial system, it's been tempting to just ignore Bitcoin and hope it goes away. To them the digital currency makes no sense as an investment or a currency; they note it's not backed up by any asset, underlying ...
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Big Freeze in Texas Is Becoming a Global Oil Market Crisis More than 4 million barrels a day of output -- almost 40% of the nation's crude production -- is now offline, according to traders and executives. One of the world's biggest oil refining centers has seen output drastically cut back.
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Bitcoin surges to new highs, analysts warn about price sustainability NEW YORK/LONDON (Reuters) - Bitcoin soared to yet another record high on Wednesday, a day after the virtual currency vaulted to the $50,000 hurdle, even as analysts warned against the sustainability of such prices amid elevated volatility. FILE PHOTO: A ...
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The 5 Best Monthly Divided Paying Stocks TransAlta Renewables (Toronto: RNW) (OTC: TRSWF) — our #5 monthly dividend stock — has a history in renewable power generation that goes back more than 100 years. In 2013, the company was spun off from TransAlta, who remains a major shareholder ...
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Texas energy sector struggles to thaw after deep freeze About 500,000 to 1.2 million bpd of crude production has also been shut, including in the Permian, the largest U.S. oilfield, and it could be weeks before it is fully restored, industry analysts said.
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How Do You Restart an Oil Well That's Frozen Solid? Restarting oil and gas wells closed by the extreme cold sweeping much of the U.S. isn't going to be quick or easy, even once the ice thaws and power is restored. Oil production nationwide has been cut by at least a third and in the Permian Basin of Texas, the ...
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Oil rises 1% as Texas freeze prompts US production drop NEW YORK (Reuters) - Oil climbed more than 1% on Wednesday as frigid Texas temperatures curtailed production in the largest U.S. crude producing state, with the unusual cold weather expected to hamper output for days or even weeks. Slideshow ( 2 ...
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Stocks pull back from record highs as big tech slides; yields retreat NEW YORK (Reuters) - A gauge of global equity markets pulled back on Wednesday from the record high hit in the previous session as investors sold technology-related companies and the prospect of rising inflation tempered optimism around a vaccine-led ...
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Citi May Get Stuck With Huge Chunk of Distressed Revlon Debt A failed appeal could leave bank holding $500 million of loan · Revlon lenders who kept erroneous payments won court fight.
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