The beginning of summer may herald the end of a boom for the fuel that underpinned crude’s rally into a bull market last year.
Profits from turning benchmark Dubai crude into diesel are poised to shrivel in Asia — the world’s biggest oil-consuming region — as refiners from Japan to India prepare to boost processing after slowing down during spring-season maintenance....More>>>
I was shorting the SPDR S&P 500 ETF (SPY) most of the day on Tuesday, adding to my already-large short position.
There are a number of factors that have contributed to my decision to go net short in a big way, including:
Narrow Market Leadership. We’re back to a market that’s basically led by the FAANGs — Facebook (FB) , Amazon (AMZN) , Apple (AAPL) , Netflix....More>>>
The British pound is on a scorching rally, making it the best performing major currency of the year so far.
Badly battered in the aftermath of Britain’s 2016 vote to leave the European Union, the currency has staged a major comeback, and has climbed 6% against the dollar and 3% against the euro this year alone.
The pound is gaining ground despite the fact that Brexit remains....More>>>
The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 57 billion cubic feet for the week ending March 2.
Analysts were expecting a storage withdrawal between 54 billion and 68 billion cubic feet. The five-year average for the week is a withdrawal of 129 billion cubic feet, and last year’s storage decrease for the week totaled....More>>>
BlackBerry’s (NSDQ:BBRY)turnaround has been moving at snail’s pace. In that context, BlackBerry’s deal with Ford (NYSE:F) to expand usage of its QNX software in the latter’s line of connected cars was welcome news. Many see BBRY’s focus on automotive technology as a potential profit center. Norwegian security firm, Promon, recently gave a demonstration of howTesla (NSDQ:TSLA)....More>>>