Oil prices could dive deeper into negative territory next month. The global economy will contract this year, further dampening demand. Angela Merkel has warned that the novel coronavirus is not going away soon. Oil prices reached uncharted territory earlier this week by falling to sub-zero levels. With consumption not expected to improve anytime soon, they…
One small trader invested in oil futures and almost drowned in oil. One of the biggest banks in the world went long for too long. One of the most vaunted ETFs has no future left in oil and another is almost broke With crude oil prices going negative for the first time ever, everyone and…
The oil price collapse has added to Boeings pile of woes.Airlines have much bigger problems than the fuel efficiency of the 737 Max in an era of dirt-cheap jet fuel.Total order cancellations for the narrow-body aircraft are running i…
Front-month U.S. oil prices plunged below zero for the first time in history. But they’re about to “surge” around $40 overnight. Both of those statements are at least partly true. And yet neither of them tells the whole story. U.S. oil prices crashed to their lowest level ever on Monday, careening as low as negative…
The Dow Jones started the week with a painful nosedive. An epic collapse in the price of May’s WTI crude futures contract saw front-month oil prices go profoundly negative. With a wave of job losses likely, the Dow has another big problem on its hands. The Dow Jones nosedived on Monday as the impact of…
The PS5 price will be astronomical if Sony is selling it this hard. Wednesday’s PlayStation 5 “reveal event” was a major tease for PS5 gamers. The company pulled out all the stops to build value ahead of the release, using the same sticker shock prevention tactics employed in car sales. Sony live-streamed an event billed…
Authorities are cracking down on sellers for “price gouging” as people panic-buy face masks. They’re also urging people not to panic-buy face masks as shortages threaten an effective coronavirus response. While companies appear guilty of “profiteering” from the crisis, raising prices could ration vital medical supplies. Authorities, governmental and otherwise, are cracking down on companies…
Hasbro is releasing these throwback handheld consoles featuring Sonic the Hedgehog and The Transformers amongst others. While these units are priced at around $15 in the U.S., they’re the equivalent of nearly $30 in the UK. Is this a mistake, or a deliberate act of price gouging from Hasbro? Hasbro recently decided to bring some…
Gold surged 0.9% to $1,626.50/oz., a new seven-year high. Federal Reserve Board members are pouring cold water on expectations of gradual rate cuts this year. Stocks suffer a major setback over coronavirus, overvaluation fears. Gold charted a fresh seven-year high Thursday after the Federal Reserve’s top brass tried to temper the market’s expectation of another…
Oil prices rallied on Friday, capping off their first weekly gain in six. Goldman Sachs and the Energy Information Administration (EIA) have cut their forecast for 2020 crude prices. Coronavirus and the sharp downturn in Chinese consumption are largely to blame. Oil prices were back in rally mode on Friday, gaining modestly on hopes that…
