Written by GaryOil prices rise on expectations of a strong economic recovery (SPY +0.1%). Biggest midday movers: Tesla, Nuance Communications, Uber. Amazon launches new food brand, Aplenty.
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One day after the DOW and SP 500 surged to closing records, markets will take a breather (SPY -0.2%). Home price growth reaches 15-year highand Credit Suisse takes $4.7 billion hit.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Iraq Moves To Exploit Its Massive Natural Gas Reserves Official estimates are that Iraqs proven reserves of conventional natural gas amount to at least 3.5 trillion cubic meters (tcm), or about 1.5 percent of the worlds total, placing Iraq 13th among global reserve-holders, with around three-quarters of this figure comprising associated gas that is found in the same reservoirs as oil. The International Energy Agency, though, estimates that ultimately recoverable resources will be considerably larger, at 8.0 tcm, of which around 30
What s behind the boom in iconic boomer musicians selling their songs Paul Simon is latest icon to sell his songs, joining Boy Dylan, Neil Young and Stevie Nicks. For acquirers, it s a boom market. For musicians, estate-planning.
GM unveils electric Hummer SUV topping $110,000 The 2024 GMC Hummer EV SUV debuted during an ad narrated by NBA star LeBron James that aired during the NCAA s Final Four.
Matthew McConaughey: Lessons for a successful life in post-Covid reality McConaughey tells CNBC there are fundamental life lessons from the Covid year we must accept in order to succeed in building a better, post-pandemic world.Â
April 1, 2021, is a settlement holiday on account of Annual bank closing (SPY 0.4%). Weekly jobless claims higher than expected despite signs of labor market improvement.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The Future Of U.S. LNG Hangs In The Balance Soaring American exports of liquefied natural gas (LNG) could become a powerful tool of the Biden Administration to help other countries reduce their carbon footprint from more emission-intensive fossil fuels such as coal, U.S. shale gas producers say. Moreover, American natural gas is the sharpest diplomatic tool the Biden administration can wield in energy-related foreign policy and international trade negotiations, David Callahan, president of the Pittsburgh-based Marcellus Shale Coalition, wrot