Analyst Says US Stock Market Bear Run Will End in Months, S&P Will Hit 6,000 Level in February 2023 According to the Bank of America, the bear market cycle is likely to end by the middle of October 2022. Jun 17, 2022By Jacob J
Global Markets Rout Gathers Ominous Pace as Interest Rate Hikes Fuel Recession Fears Share prices fell in Asia on Friday at the beginning of what was likely to be another torrid day for investors. Jun 17, 2022By IANS
Europe Frets as Russia Slashes Natural Gas Deliveries Through Nord Stream Pipeline According to Gazprom, deliveries via the Nord Stream pipeline has been slashed by around 40 percent as Siemens is undertaking repairs on the line. Jun 15, 2022By Jacob J
S&P 500 Confirms Bear Market as US Recession Worry Grows Cryptocurrency- and blockchain-related stocks, including Riot Blockchain, Marathon Digital Holdings and Coinbase Global, all plunged. Jun 14, 2022By Reuters
India, China Shun West, On Course to Buying Record Volumes of Russian Oil This Year India used a whopping 60 million barrels of Russian oil so far in 2022, as against 12 million barrels in the whole of 2021. Jun 13, 2022By Jacob J
Russia Restricts Export of Rare Gases in Trade Retaliation, Semiconductor Shortage to Worsen The supply of neon and xenon gasses had already come under strain after Ukraine stopped production following the outbreak of the war. Jun 13, 2022By Jacob J
Average US Gasoline Prices Breach $5 Per Gallon Mark; Oil Giants Make Record Profits According to AAA, the national average price for unleaded gasoline was $5.004 a gallon on Saturday, June 11. Jun 11, 2022By Jacob J
Wall Street Investors Run for Cover as Blistering Inflation Hurts Stocks and Bonds The benchmark S&P 500 index fell nearly 3% on Friday while yields on the benchmark 10-year Treasury hit their highest level since early May. Jun 11, 2022By Reuters
What is Demand Destruction? High Pump Prices Seen Slashing US Gasoline Consumption While West Texas Intermediate crude futures traded above $122 per barrel on Wednesday, Brent prices were above $123 per barrel. Jun 9, 2022By Jacob J
Ukraine War Worsens Americans' Economic Hardship; National Average Gas Price to Top $4.80 For some more context, a week into the Ukraine war, the US national average gas price was hovering around the sensitive $4 mark. Jun 4, 2022By Jacob J
Gazprom Stops Gas Supplies to Netherland's GasTerra as Europe Rushes to Fill Gas Storage Sites On Monday European Union leaders agreed in principle to cut the EU's Russian oil imports by 90% by year-end. May 31, 2022By Reuters
Russian Rouble Posts Multi-Year Highs Against Dollar, Euro as More EU Countries Agree to Pay for Oil in Euro In early morning trade on Monday, rouble rose 2.5 percent against the dollar at 58.74; it was at 61.38 against the euro, rising 2.3 percent. May 23, 2022By Jacob J
China Serves Blow to Delusional Europe, Offers to Buy More Russian Crude Crude prices will shoot up further if Russian oil is blocked off the market due to political opposition in the wake of the Ukraine war. May 20, 2022By Jacob J
US Stock Market Crash: Bloodbath Yet to Come, Nasdaq Forecast to Fall 75%, S&P 500 45% On Wednesday, the Dow Jones Industrial average plunged more than 1164 points, or 3.6 percent. May 19, 2022By Jacob J
Major Escalation as Russia Cuts Off Gas to Poland and Bulgaria; Putin Vows to Punish Enemies Staunch Kremlin opponent Poland is among the European countries seeking the toughest sanctions against Russia for invading its neighbour. Apr 27, 2022By Reuters