Written by Gary
Everything is crashing: stocks, bonds, crypto, commodities all tumble ahead of Fed minutes (SPY -1.1%). April 2021 trucking marginally declined. Bitcoin tanks 20% in 24 hours to fall below $37,000.
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 IEAs Latest Proposal Is Both Reckless And ImpossibleThe International Energy Agency, which has stepped up its efforts to become a major green energy supporter, appears to have forgotten the reason it was set up as an agency in the first place. In its new report Net Zero in 2050, the energy agency calls for no new investments in oil- and gas-related projects. As stated by Fatih Birol, the IEAs executive director, new energy security challenges will emerge on the way to net zero by 2050 while longstanding ones will remain, even as the role of oil and gas diminishes. | |
How A Junior Miner Might Have Sparked A New Canadian Gold RushGold plays like this only happen very rarely. Since a major gold discovery last year in Quebec saw a small-cap miner buy up all the adjacent property, many investors have been watching closely. When that same miner then acquired one of the provinces biggest past-producing mines, the excitement became palpable. Then, the small-cap miner started drilling and, against all our expectations, produced first-drill results before any of us had time to digest the news. And it was bigger than we anticipated. The junior miner may | |
3 Hydrogen Stocks That Are Poised To Break OutHydrogen stocks have been red-hot over the past year as the ESG and clean energy momentum went into overdrive. Hydrogen fuel cell stalwarts Plug Power Inc. (NASDAQ:PLUG), FuelCell Energy (NASDAQ:FCEL), Bloom Energy Corporation (NASDAQ:BE) and Ballard Power Systems (NASDAQ:BLDP) were all up in triple-digits as a growing section of Wall Street punters including Bank of America declared that the industry had reached a tipping point and was finally ready to take off. Meanwhile, the EU made major commitments to invest in green hydrogen. But maybe Wall | |
Colombias Oil Industry Is On The Brink Of CollapseColombias oil industry is yet again under considerable pressure, despite the national government in Bogota attempting to reactivate the economically crucial sector. The March 2020 oil price crash, COVID-19 pandemic, rising security risk and now significant political turmoil are weighing heavily on the oil industrys performance. After a rough 2020 where Colombias five-month long quarantine lockdown sharply impacted operational activity and crude oil production, there are signs that the Andean countrys oil industry is | |
Crude Oil Inventories See Smaller Than Expected BuildThe American Petroleum Institute (API) on Tuesday reported a build in crude oil inventories of 620,000 barrels for the week ending May 14. Analysts had predicted a build of 1.680 million barrels for the week. In the previous week, the API reported a massive draw in oil inventories of 2.533 million barrels after analysts had predicted a draw of 2.817 million barrels. Since the start of 2020, crude oil inventories have grown by more than 50 million barrels, according to API data. Oil prices were trading down on the day prior to the data release as | |
$70 Oil Could Put The Brakes On Chinas Crude Buying SpreeChinas accelerated crude oil stockpiling could be coming to an end with oil at $70 and the possibility that strategic reserves are close to capacity, suggesting that the worlds largest oil importer could slow down crude builds and crude imports. In April, China is estimated to have tapped its crude reserves, according to calculations of Reuters columnist Clyde Russell based on official data. Refiners processed more crude oil last month than the sum of its imports and domestic oil production. This suggests that China used around 280,000 | |
Here’s how these small businesses pivoted to survive during the pandemicWhen the Covid pandemic hit, small business owners across the country scrambled to survive. Here’s how four businesses pivoted. | |
JetBlue to begin service to London with flights starting Aug. 11JetBlue is selling tickets for its first service to London, which starts in August. | |
Students protest mandatory Covid vaccinations at collegesHundreds of colleges have already said Covid vaccines will be mandatory for fall 2021, yet some students object to the mandates. | |
5 things to know before the stock market opens WednesdayWith tech names under pressure, bitcoin plunging and bond yields rising, U.S. stock futures sank Wednesday. | |
Overtime selects Atlanta for its basketball league that pays 16-to-18-year-olds $100,000The media company plans to construct a new complex that will house the players and says it will provide 400 construction jobs. | |
Lowe’s earnings beat on robust home improvement spending, but shares fallLowe’s said it saw strong demand for home improvement in the first quarter, buoyed by the growth of its business among contractors and other home professionals. | |
Burger King to enter chicken sandwich wars with the Ch’KingBurger King will enter the chicken sandwich wars in June with the Ch’King, its take on the trendy menu item. | |
Target sales jump 23% as exclusive brands, curbside pickup draw in shoppersThe big-box retailer said it is benefiting from the reopening economy and busier social calendars, which are prompting consumers to shop. | |
The UAE and Bahrain offer third Sinopharm shots amid questions over vaccine effectivenessThe announcements come amid worries over Sinopharm’s efficacy and reports of Covid-19 reinfections among people who have received their two doses of the shot. | |
India’s daily death toll crosses 4,500 as Covid-19 cases stay below 300,000India has reported more than 25 million cases and over 283,000 deaths so far. | |
Singapore faces twin challenges from climate change, says ministerSingapore, a small Southeast Asian city-state, has been working for years to preserve its coastline from sea level rise and other environmental damage. | |
The world is ‘standing on the precipice’ of multiple crises, former UN chief warnsBan Ki-moon called on global leaders to raise their ambition in order to avoid failures on a range of different issues. | |
Crypto Markets Lose Over $800 Billion In A Week As Bitcoin Bloodbath AcceleratesCrypto Markets Lose Over $800 Billion In A Week As Bitcoin Bloodbath Accelerates Well that escalated quickly… The total market cap of the cryptocurrency space has crashed by more than $800 billion since its peak last week, from over $2.5 trillion on May 12th to just above $1.7 trillion this morning (the lowest since March)… | |
Watch: Communist Professor Declares That US Was Defeated In “Biological War” With ChinaWatch: Communist Professor Declares That US Was Defeated In “Biological War” With China Authored by Steve Watson via Summit News, A professor with close ties to the Communist Chinese Government has declared that his country ‘defeated’ the U.S. in 2020, winning a biological war, and putting America ‘back in it’s place’. The comments were made by Chen Ping, a Senior Researcher at The China Institute of Fudan University, a CCP affiliated think tank, and a professor at Peking University. The video, which appeared online recently, was translated by New York-based Chinese blogger Jennifer Zeng:
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Everything Is Crashing: Stocks, Bonds, Crypto, Commodities All TumbleEverything Is Crashing: Stocks, Bonds, Crypto, Commodities All Tumble Everything is tumbling! Global stocks and US index futures fell for the third straight session, led by the Nasdaq 100, bonds and commodities dropped and crypto crashed ahead of today’s release of the April Fed minutes after the ECB warned the euro-area faces elevated risks to financial stability as it emerges from the pandemic with high debt burdens and œremarkable exuberance coupled with resurgent worries over inflation and coronavirus flareups. The yield on 10-year Treasury notes touched a one-week high of 1.67%, driving down shares of Apple, Microsoft and Facebook by about 1% premarket. Dow e-minis were down 252 points, or 0.65%, S&P 500 e-minis were down 42.25 points, or 1.0%, and Nasdaq 100 e-minis were down 170.75 points, or 1.24%. On Tuesday, Wall Street stocks slid late in the session to end lower, unable to sustain gains made after bumper earnings from Walmart and Home Depot. The S&P 500 lost 0.85%, with telecom shares leading the decline, while the Nasdaq C … | |
Europe Finally Opens Doors To Vaccinated Tourists As Denmark Leads Reopening PushEurope Finally Opens Doors To Vaccinated Tourists As Denmark Leads Reopening Push Across the EU, borders are reopening to tourists from the US, UK and antipodes as a group of diplomats meeting in Brussels officially signed off on the plan. The European Commission, the unelected committee of bureaucrats that handles most of the bloc’s executive policymaking, first got the word out back in April that tourists in wealthy countries who could prove their vaccination status could start booking European vacations again. According to the AFP, the recommendations will be officially adopted by EU ministers on May 21. Until then, non-essential travel to the 27-member bloc will be banned, as it has been since last spring, when the pandemic first emerged from Wuhan. The Commission has agreed to raft a list of approved vaccination certificates, and EU officials will also discuss on Thursday a “white list” of non-EU countries deemed to present a low risk of spreading the disease. The list will be updated based … | |
House prices climb at highest rate since before credit crunchAverage UK house prices soared by 10.2% over the year to March 2021, the highest annual growth rate for 14 years | |
UK inflation rate more than doubles in AprilInflation in the UK rose by 1.5% in the year to April, compared with 0.7% in March. | |
Bitcoin falls further as China cracks down on crypto currenciesThe price of Bitcoin fell below $40,000 for the first time in three months after China imposed fresh curbs. | |
$600 billion wiped out! Crypto tumble is becoming very painfulThe value of more than 7,000 tokens tracked by CoinGecko has shrunk more than $600 billion in the past week to $1.9 trillion. | |
Bitcoin erases all gains since Elon Musk’s initial big embraceThe world’s largest cryptocurrency has dropped roughly 40% from its record of almost $65,000. | |
Algo trading for the masses! 5 changes FinTech has brought to stock marketFinTech goes way beyond banks, loans and insurance. It has expanded its influence to other sectors such as stock trading and investment. Today, FinTech has made it easy even for users, who lack the requisite experience, to do stock trading. | |
April 2021 Trucking Marginally DeclinedWritten by Steven Hansen Headline data for the CASS Freight Index show that truck volumes show volumes slowed month-over-month – but the year-over-year growth is now in double digits. In the opposite corner, the American Trucking Association (ATA) index also declined but is finally in expansion now year-over-year. | |
: Cannabinoid company backed by rapper Snoop Dogg headed for London IPOOxford Cannabinoid Technologies, the pharmaceutical company developing cannabinoid-based prescription medicines, has announced plans to list on the London Stock Exchange. | |
: With drinkers back, 2 of Britain’s biggest pub groups are hoping for a strong reboundPub groups Mitchells & Butlers and Marston’s said they are confident profits will rebound, as the gradual easing of COVID-19 restrictions encourages more people to return to their venues. | |
: European Central Bank warns on heightened risks to financial stabilityFinancial-stability risks are increasing in Europe, and the uneven impact of the COVID-19 pandemic means that they have become concentrated in specific industries and countries, the ECB said on Wednesday. |
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