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Energy

“Global Fuel Prices Are Surging With Supply Risks Ahead”

“Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices and making forecasts difficult in the run-up to a US presidential election in which inflation will be a key issue…” https://www.yahoo.com/news/surging-gasoline-prices-add-inflation-021939727.html Plus… Continue Reading…

Stocks

“Meme Traders Fuel 2,650% Spike in Battered Holographic-Tech Company”

“A battered Chinese company that’s developing holographic technology captured the attention of the meme stock crowd. The prize: a 2,650% jump. MicroCloud Hologram Inc. soared as high as $41.53 Thursday from a $1.50 record low earlier this week, with more… Continue Reading…

Economy

“Canada’s surging cost of living fuels reverse immigration”

“The dream of making it big in Canada is turning into a battle for survival for many immigrants due to the high cost of living and rental shortages, as rising emigration numbers hint at newcomers being forced to turn their… Continue Reading…

Energy

“Exxon sees $16 billion in earnings for fuels, chemicals by 2027”

“Exxon Mobil Corp expects its motor fuels and chemicals earnings to reach $16 billion by 2027, up about $4 billion from current levels as demand continues to rise, executives said on Wednesday. The largest U.S. oil company has been generating… Continue Reading…

Economy, Energy

“America is running out of diesel fuel. Here’s why it matters to consumers”

“While gasoline prices have moderated since hitting their record high in June, the price of diesel fuel has stubbornly remained above $5 a gallon. AAA’s daily fuel price survey puts the national average price at $5.30 a gallon, 43 cents… Continue Reading…

Economy

“China’s flood of new electric cars cost 20% more to insure than fuel-powered cars”

“…In general, the insurance premium for new energy cars — which includes electric — is about 20% higher than it would be for comparable traditional fuel-powered cars, said Wenwen Chen, director at S&P Global Ratings, who leads the firm’s research… Continue Reading…

Economy

“Oil Price Fundamental Daily Forecast – Unexpected Demand from Fuel Switching Put $100 Crude on Radar”

“…The U.S. benchmark crossed the psychological $80 per barrel level on Friday for the first time since November 2014, jumping more than 2% before easing into the close. Brent also rose more than 2% higher early in the session. On… Continue Reading…

Cryptocurrencies

“Bitcoin Nears $40,000 as Shorts Fuel Rally on Amazon Speculation”

“Bitcoin surged near $40,000 as a flurry of short-covering intensified a rally apparently sparked by speculation over Amazon.com Inc.’s involvement in the crypto industry… As the largest digital token gained on the speculation, investors rushing to cover bearish bets fueled… Continue Reading…

Banking

“Toyota recalls 3.2 million vehicles worldwide over fuel pump problem”

“Toyota Motor Corp <7203.T> said Wednesday it is now recalling 3.2 million vehicles worldwide to address a fuel pump issue that could result in engines stalling… The automaker told the U.S. National Highway Traffic Safety Administration in January it was… Continue Reading…

Economy, Stocks

“Shift into value stocks could fuel a solid rally, says J.P. Morgan”

“Bone up on the term “market rotation” if you want to hold your own at the water cooler these days… Diving right into the debate is our call of the day from a team led by J.P. Morgan’s global head of quantitative… Continue Reading…