Hedge funds plowed money into bets that the commodities rally of 2021 still has further to run, snapping three straight weeks of reductions. Net-long positions on a basket of 20 commodities rose by 8.3% in the week ended Tuesday, according to U.S. Commodity Futures Trade Commission data compiled by...
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A pronounced revival in the commodity cycle rescued several steel companies and boosted their bottom-lines, but the recovery has not been equal. Several secondary steelmakers from Jharkhand, Maharashtra, West Bengal and Chhattisgarh are shutting shop – or on the verge of doing so. About 45% of India’s crude steel...
Matteo Colombo | DigitalVision | Getty Images U.S. stocks fell on Friday amid a slide in Amazon shares, but the S&P 500 is still on track to notch its sixth straight positive month. The S&P 500 fell 0.4%, dragged down by the consumer discretionary sector. The tech-heavy Nasdaq Composite...
100 day MA at 40162.95 The price of Bitcoin is heading toward the weekend trading with the price hanging just below it’s 100 day MA. That MA currently comes in at $40162.95. A move above that level going forward would look to the June 15 high at $41341.57. Above...
Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC. Mark Wilson | Getty Images The U.S. Government Accountability Office on Friday denied protests from companies affiliated with Jeff Bezos...
New Delhi: Indian Railway Finance Corporation () has listed its foreign currency bonds and green bonds on NSE IFSC’s debt securities market platform. The company has raised a capital of $2.25 billion by issuing bonds in different tranches under the $4 billion global medium-term note and $500 million green...
Stefani Reynolds/Bloomberg via Getty Images The IRS began issuing another 1.5 million tax refunds this week to people who received unemployment benefits in 2020. That adds to the nearly 9 million refunds, worth about $10 billion, the agency sent since May. Funds delivered by direct deposit this week started...
MicroStrategy CEO Michael Saylor on Friday defended his enterprise software company’s debt-financed purchases of bitcoin, telling CNBC he sees buying the cryptocurrency right now as comparable to investing in Facebook in the social network’s early days. “We’ve got $2.2 billion of debt and we pay about 1.5% interest, and...
In this photo illustration an Amazon logo is displayed on a smartphone with stock market percentages in the background. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Amazon — Amazon shares fell 6.5% after the tech giant’s second-quarter report missed Wall...
A career fair in Louisville, Kentucky, on June 23, 2021. Luke Sharrett/Bloomberg via Getty Images Unemployment benefits are still not reaching people quickly, over a year into the Covid pandemic. About 38% of workers who got their first payment of benefits in June had waited more than 21 days...
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