The number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published on Friday. The total rig count rose to 752 this week—273 rigs higher than the rig count this time in 2021. Oil rigs in the United States rose by 2 this […]
Stock Markets The markets were generally up over the past week. The Dow Jones Industrial Average (DJIA) gained 0.77% from the previous week’s close, while the broader S&P 500 Index rose by 1.94%. The technology tracker Nasdaq Composite rose 4.56%, signaling that most of the rebound took place in the technology sector. Within the Dow […]
Trading across the cryptocurrency market was relatively subdued on July 5 as the ecosystem continues to digest the fallout from the Three Arrows Capital scandal and Voyager Digital announcing that it has filed for Chapter 11 bankruptcy protection. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has spent the day oscillating around the $20,000 […]
Bitcoin and ethereum have been boring lately. Considering 15% daily swings are the norm in the crypto market, prices haven’t moved much in the last few days, with bitcoin holding steady near the $19,000 to $20,000 range and ethereum floating around $1,100. The two largest cryptocurrencies seem to be hovering around their current price levels […]
A rally in U.S. energy shares is crumbling, as fears of a global recession have prompted investors to take profits in one of the few corners of the stock market that has thrived this year. The S&P 500 energy sector is still up 20% year-to-date, bucking a broader market swoon. But the sector has slid […]
SINGAPORE — Asia-Pacific markets were mostly higher on Thursday as investors watch for market reaction to the latest Fed minutes. In South Korea, the Kospi advanced 1.83% after closing more than 2% lower on Wednesday, and the Kosdaq climbed around 1.43%. Samsung Electronics shares rose 3.19% after the company released earnings guidance for the second […]
Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products. West Texas Intermediate crude, the U.S. oil benchmark, settled 8.24%, or $8.93, lower at $99.50 per barrel. At one point WTI slid more than 10%, trading as low […]
U.S. Treasury yields were higher early on Wednesday after a volatile day on Wall Street, but the closely watched 2-year/10-year yield curve remained inverted, a key recession warning. At around 2:45 a.m. ET, the yield on the benchmark 10-year Treasury note climbed to 2.8345%, while the yield on the 30-year Treasury bond was up at […]
Bitcoin (BTC) hit daily lows on the July 5 Wall Street open as the U.S. dollar saw a violent surge higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView USD sets yet another 20-year record Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retreating to $19,281 on Bitstamp as the Independence Day long weekend concluded with a bump. The pair […]
The cryptocurrency market along with the tech-heavy Nasdaq saw a bit of positive price action on July 5 amid a backdrop of rising recession concerns in the United States. Data from Cointelegraph Markets Pro and TradingView shows that an early morning onslaught by bears managed to drop Bitcoin (BTC) to a daily low of $19,309 before reinforcements arrived to […]
This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, July 5 (Reuters) – IKEA will open for business for a final time in Russia on Tuesday, with customers permitted to buy goods in an online-only fire sale before the Swedish furniture company winds down its operations in a […]
LONDON — European stocks were flat on Tuesday as global markets look to cement gains after a bruising week for stocks last week. The pan-European Stoxx 600 hovered around the flatline after an hour of trading, having given back opening gains. Food and beverage stocks gained 0.8% while oil and gas stocks dropped 1%. In […]
