The oil market doomsayers are beginning to capitulate.
"If you’ve been short since February this has been a very painful ride," said Kyle Cooper, director of research with IAF Advisors and Cypress Energy Capital Management in Houston. "There are always a few die-hards but otherwise you’d want to get out. This is indicative of the improving fundamentals."
FRANKFURT, Germany — Europe's economic recovery is finally showing signs it might be the real deal, after years of sluggishness and false starts.
And that means the European Central Bank likely won't have to step up its ongoing 1.74 trillion-euro ($1.93 trillion) stimulus program when it meets this week.
It started out simply: Quartz's David Yanofsky was reporting a story about the number of Brazilians who visit Disney World each year. He needed data about who was entering the United States, and when, where, and why. When he found the information he was looking for, he got some bad news: he'd have to buy it.
Price-matching has been in the news this week: Amazon customers criticized the retail giant for ending its practice of matching cheaper prices. Amazon soon shot back it never had such a policy, except for TVs.
Now Wal-Mart is ending price-matching in 500 of its stores. Customers have traditionally been able to come in brandishing a cheaper rival’s ad – and get refunded the difference. As of June 9, they’ll be able to price check on an app and get a gift card back instead of cash.
One of the latest symbols of the overinflated luxury housing market is a pink mansion perched above the Mediterranean on the French Riviera.
The listing is part of a global pileup of homes listed for $100 million or more. A record 27 properties with nine-figure prices are officially for sale, according to Christie’s International Real Estate. That is up from 19 last year and about a dozen in 2014.
LANZHOU NEW AREA, China —This city is supposed to be the “diamond” on China’s Silk Road Economic Belt — a new metropolis carved out of the mountains in the country’s arid northwest.
But it is shaping up to be fool’s gold, a ghost city in the making.
Oil and natural gas producers cannot catch a break of late it seems. A few years after the onset of the natural gas glut, Europe is experiencing a similar phenomenon with Russia and Norway using tactics akin to those used by the Saudis with oil. The result is rock bottom prices on natural gas that are benefiting utility companies across the continent. The effective result of these actions is also hitting LNG terminal development economics in the U.S. and minimizing growth of imports from Qatar.
SYDNEY, Australia — Mass bleaching on the Great Barrier Reef in the past three months has killed as much as half of the coral in the north but left large parts of the southern reaches with only minor damage, scientists in Australia said on Sunday.
The current bleaching is the third to strike the roughly 1,400-mile-long reef in 18 years and the most extreme scientists have recorded.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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