Author name: David Ryabchikov

Retail sales up 0.9% in May as the weather improved and gasoline prices cooled

Retail sales up 0.9% in May as the weather improved and gasoline prices cooled

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NEW YORK — Shoppers increased their spending in May as temperatures warmed and gasoline prices cooled. Retail sales rose a better-than-expected 0.9%, up from a revised 0.4% gain in April, according to new Commerce Department data released Wednesday. Sales got a boost from generous government tax refunds in both April and May, though economists say

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Oil prices at three-month low but fuel body warns prices will rise when excise cuts end

Oil prices at three-month low but fuel body warns prices will rise when excise cuts end

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Tánaiste Simon Harris said the government will consider extending fuel excise cuts over the coming two weeks. Alamy fuels for Ireland Fuels for Ireland has said that when government excise cuts end next month, ‘prices will rise again unless there is a plan in place’. OIL PRICES HAVE hit a three-month low, but Fuels for

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We’re optimistic stabilising Iran-US tensions could push crude oil prices below $80 – COMAC CEO

We’re optimistic stabilising Iran-US tensions could push crude oil prices below $80 – COMAC CEO

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The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Dr. Riverson Oppong, has expressed optimism that easing tensions between Iran and the United States and a possible agreement could sustain the recent decline in global crude oil prices and push them below $80 per barrel. Responding to a question on how confident

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Standard Chartered Watches Three Signals For A Bitcoin Bottom

Standard Chartered Watches Three Signals For A Bitcoin Bottom

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Bitcoin’s recovery has brought the bottom debate back into focus, but one institutional view is keeping the question simple: watch demand, watch ETF flows, and watch oil. TL;DR Standard Chartered’s Bitcoin outlook is focused on three confirmation signals: corporate buying, ETF flows, and oil prices. The framework matters because it connects BTC’s chart to real

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Oil prices tumble and markets rally amid hopes strait of Hormuz will reopen

Oil prices tumble and markets rally amid hopes strait of Hormuz will reopen

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Global oil prices have tumbled and stock markets rallied amid fresh hopes that a US-Iran peace deal may end the greatest energy supply crisis in the history of the market. The price of Brent crude dropped 4% to below $84 (£62) a barrel as the new trading week began in financial centres across Asia-Pacific, amid

Oil prices tumble and markets rally amid hopes strait of Hormuz will reopen Read More »

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