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Oil prices

Oil prices could ‘very easily’ top $100 a barrel, says former U.S. energy secretary

Oil prices could ‘very easily’ top $100 a barrel, says former U.S. energy secretary Via CNBC.com: Oil prices could “very easily” hit $100 a barrel in the aftermath of the failed OPEC+ talks, former U.S. Energy Secretary Dan Brouillette told CNBC on Tuesday. “You could very easily see oil hitting $100 a barrel — potentially even higher,” he told CNBC’s Hadley Gamble. On the flip side, it’s “equally possible” that […]

today07/06/2021 12

TSA

TSA screenings surpass 2019 levels in pandemic first as airlines, airports scramble to staff

TSA screenings surpass 2019 levels in pandemic first as airlines, airports scramble to staff Via CNBC.com: The Transportation Security Administration said Friday that airport screenings have climbed above 2019 levels for the first time in the pandemic, signaling strong travel demand during Fourth of July weekend. The TSA screened nearly 2.15 million people on Thursday, close to 3% more than the 2.01 million people who passed through security checkpoints at […]

today07/03/2021

Robinhood

Robinhood to pay $70 million for outages and misleading customers

Robinhood to pay $70 million for outages and misleading customers Via CNBC.com: Robinhood will pay roughly $70 million in penalties for its systemwide outages and misleading communication and trading practices, the Financial Industry Regulatory Authority said Wednesday. The settlement regards the technical failures Robinhood experienced in March of 2020, Robinhood’s lack of due diligence before approving customers to place options trades and purveying misleading information to customers about aspects like […]

today07/01/2021 16

Gas prices

Gas prices hit 7-year high, as stations face delivery, shortage woes ahead of July 4 weekend

Gas prices hit 7-year high, as stations face delivery, shortage woes ahead of July 4 weekend Via Just The News: The cost of gasoline has reached a seven-year high, and gas stations are expect to run out of fuel during the July 4 weekend. The average national price for regular gas is priced at $3.10, the highest it has been since October 2014. The price is up 2% from Memorial Day and 42% from […]

today06/30/2021 11

Treasury

10-year Treasury yield edges higher ahead of inflation data

10-year Treasury yield edges higher ahead of inflation data Via CNBC.com: The 10-year U.S. Treasury yield edged higher early on Friday, ahead of the release of inflation data later in the morning. The yield on the benchmark 10-year Treasury note rose slightly to 1.489% at 3:15 a.m. ET. The yield on the 30-year Treasury bond dipped slightly to 2.093%. Yields move inversely to prices. The Commerce Department is set to […]

today06/25/2021 11

cryptocurrency

2 in 5 Americans believe that cryptocurrency will be widely accepted in 10 years

2 in 5 Americans believe that cryptocurrency will be widely accepted in 10 years Via YouGov: El Salvador recently became the first country in the world to officially declare Bitcoin (a type of cryptocurrency) as legal currency. Several major retailers, including Microsoft and PayPal, accept cryptocurrencies as payment. But new data from YouGov suggests that many Americans may be uncertain about the future of cryptocurrency. A poll of more than 33,000 US adults finds that two […]

today06/11/2021 14

Bitcoin

Bitcoin jumps more than 13% after El Salvador passes law to adopt it as legal tender

Bitcoin jumps more than 13% after El Salvador passes law to adopt it as legal tender Via CNBC.com: Bitcoin surged on Thursday, a day after El Salvador passed a law to adopt bitcoin as legal tender. The cryptocurrency jumped more than 13% to trade above $37,000 before settling lower at $36,435.96 at about 4:48 a.m. ET, according to CoinDesk data. On Wednesday, lawmakers in the Central American country passed a […]

today06/10/2021 5

Bitcoin

Bitcoin slides 7% after U.S. seizes most of Colonial Pipeline ransom

Bitcoin slides 7% after U.S. seizes most of Colonial Pipeline ransom Via CNBC.com: Bitcoin’s price slipped again Tuesday. The reason for the move was unclear, however it may be related to concerns over security of the cryptocurrency after U.S. officials managed to recover most of the ransom paid to hackers that targeted Colonial Pipeline. Court documents said investigators were able to access the password for one of the hackers’ bitcoin […]

today06/08/2021 4

American goods

China buys fewer American goods in May; trade surplus grows

China buys fewer American goods in May; trade surplus grows Via CNBC.com: China bought fewer American products in May versus the prior month, while exports to the U.S. rose, according to customs data released Monday. China bought $13.11 billion dollars’ worth of goods from the U.S. in May, down from $13.94 billion in April, data accessed through Wind Information showed. May’s figure marked the lowest monthly amount since October, the […]

today06/07/2021 5

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