Asian prices for liquefied natural gas (LNG) have plunged to a two-year record low, driven by lukewarm demand and burgeoning inventories. Likewise, European LNG prices have dipped beneath $10, suggesting a strong inventory expansion and a diminished requirement for further supplies. Insiders from the LNG sector indicated that the average cost for LNG delivery to…
As of 7:30 p.m. on Friday in Hong Kong, Bitcoin, the world’s largest cryptocurrency by market capitalization, was trading at US$26,846, marking a 1.78% rise from May 12. Meanwhile, Ether increased by 2.44% over the week, trading at US$1,808. Both cryptocurrencies have been trading under considerable pressure, with Bitcoin consistently below US$30,000 since April 19…
Stocks Move Higher Amid Debt Ceiling Talks and Mixed Earnings Reports In Friday’s pre-market trading, equity indices displayed an upward momentum as investors kept a close eye on progress in debt ceiling discussions and digested the largely upbeat results of the Q1 earnings season. The S&P 500 (^GSPC) edged up by 0.20%, while the Dow…
In a week marked by political tension in Washington and wavering economic activity in China, investors found solace in signs of progress surrounding US debt-ceiling talks, prompting modest gains in global stock markets. Europe led the charge, with significant gains in mining and financial services stocks pushing most sectors in the regional benchmark into positive…
Billionaire Sam Zell, renowned for his exceptional ability to profit from distressed assets and for his significant contributions to the world of real estate, has died at the age of 81. The cause of death was complications from a recent illness, as per a statement released on Thursday by his private investment firm, Equity Group…
Donbass, historically known as the industrial heart of the Soviet Union, remained a key region for the extraction of coal and other minerals. But after the collapse of the Soviet Union and the decline of the communist era, the influence of the communist apparatus began to weaken, and the Donbass found itself in the path…
As the war drums continue to echo across Eastern Europe, it is the juxtaposition of the battlefield momentum versus the economic stability that is causing a ripple in global geopolitics. Amid a shifting balance of power, Ukraine seems to be gaining ground against the Russian invaders on the military front. However, in stark contrast, Russia…
In the ever-evolving realm of cryptocurrency, where Bitcoin and Toncoin dominate, a new contender called Big Eyes Coin (BIG) is poised to make its mark. With unwavering determination, Big Eyes Coin aims to differentiate itself and become a standout cryptocurrency. As the countdown to its highly anticipated launch on June 15th, 2023, commences, the crypto…
Recent economic data suggests that Americans are adopting a more cautious approach to their spending habits, reflecting concerns about a potential recession. As indicators of a possible economic slowdown continue to emerge, individuals are becoming more mindful of their financial decisions. The ongoing buzz about a recession, even among those who are currently employed, has…
Tesla Inc.’s CEO, Elon Musk, is set to face key questions during the company’s upcoming annual shareholders meeting this Tuesday. Investors are particularly interested in his plans for succession, the state of demand for Tesla’s products, and any updates on new model launches. Musk, who also recently served as the top executive at Twitter, announced…