IEA Predicts 2024 Improved Oil Prospects The International Energy Agency (IEA) has revised its full-year outlook for oil demand growth, attributing it to Houthi attacks in the Red Sea and an improved U.S. outlook. Despite the upward adjustment by 110,000 barrels per day (bpd), reaching 1.3 million bpd, it still lags behind OPEC’s forecast. The ...
Australian CEO of the Gurner Group, a real estate firm, called for governments to cause "pain in the economy" to remind workers that "they work for the employer, not the other way around." I think the problem that we've had is that we've, you... ...
Today, the Dow Jones Industrial Average experienced its largest gain in a single day since 1933.
From the Wall Street Journal:
U.S. stocks rallied sharply Tuesday, with the Dow surging to its biggest one-day gain in more than 85 years on signs that lawmakers and the Trump administration were nearing a deal on a giant stimulus ...
It's already been reported that Trump is getting antsy about all the social-distancing quarantines intended to flatten the curve of coronavirus deaths, and that he's eager to return things to business-as-normal. Who cares about a million deaths as long as the economy is moving, amirite?
I'm sure his decision has nothing to do with the ...
The Dow Jones Industrial Average plummetted more than 1,000 points as news of a spreading coronavirus outbreak suggests wider coming damage to the global economy.
Today's stock market drop was the worst for the Dow in two years, and wiped out all gains so far in 2020.
Nervous investors scrambled for safety, loading ...
Here’s a good explainer from Reuters on the airline industry’s response to the Wuhan coronavirus outbreak so far. If the virus spreads becomes a pandemic, this could impact world financial markets as did SARS in 2003.
SARS killed about 800 people. Since then, people travel by plane even more, and other things have changed in ...
New US Census Bureau data shows that while the median household income for the United States (and 14 states within the USA) increased a bit from 2017 to 2018, "income inequality was significantly higher during the same period for the nation and nine states.... Maryland ($83,242) was among the states with the highest median household ...
In this week's newsletter: WeWork files confidentially for IPO, Lyft loses scooter head and Magic Leap raises MORE money. ...
With six deals already under its belt, the sustainability focused investment firm Ecosystem Integrity Fund has closed its third investment vehicle at its $100 million target. Investments in the third fund include EV Connect, an electric charging company; eMotorWerks, the charging demand management software and service provider acquired by Enel; the solar mounting company, Pegasus ...
WorldCover, a New York and Africa-based climate insurance provider to smallholder farmers, has raised a $6 million Series A round led by MS&AD Ventures. Y-Combinator, Western Technology Investment, and EchoVC also participated in the round. WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phones, and data analytics to create insurance options for farmers whose crops ...