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Oil prices dip on demand worries as California reimposes restrictions

© Reuters. FILE PHOTO: A view shows railroad freight car in Omsk MELBOURNE (Reuters) - Oil prices slipped in early trade on Thursday after California reimposed some coronavirus lockdown measures, stoking worries a resurgence in COVID-19 cases will stall a recovery in fuel demand. U.S. West Texas Intermediate (WTI) crude () futures fell 13 cents, or 0.3%, to $39.69 a barrel at 0024 GMT, trimming a 1.4% rise from Wednesday. Brent crude () futures fell 15 cents, or 0.3%, to…

Mark Hulbert: 4 safe and inflation-beating ways to beat those sinking yields on money-market funds

It’s possible to squeeze more yield out of the cash you are keeping on the sidelines. That’s important, because long gone are the days when you could earn even one percent from a money-market fund. In fact, yields consistently have been below 0.5% for the past decade; nowadays the average national money market fund yield is just 0.09%. Yields are so low that mutual fund giant Fidelity Investments in March decided to close three of its money-market funds to new investors (though it recently announced that it will reopen…

Canadian province Manitoba cuts deficit forecast to C$2.9 billion

WINNIPEG, Manitoba (Reuters) - The Canadian province of Manitoba forecast on Tuesday a fiscal year deficit of C$2.9 billion ($2.13 billion), down from an earlier estimate of C$5 billion, as the spread of coronavirus infections remains low. The 2020-21 deficit could still reach C$5 billion if the economic downturn is prolonged or infections accelerate, Premier Brian Pallister said. Manitoba, whose economy is based on manufacturing, farming and mining, has had low daily…

U.N. backs changes to aviation emissions scheme in boost for airlines

MONTREAL (Reuters) - A UN agency agreed on Tuesday to change a landmark aviation emissions scheme, in a boost for airlines that said they could face billions of dollars in costs under the current deal when air travel recovers from the coronavirus pandemic. The International Civil Aviation Organization's (ICAO) governing council agreed to change the baseline year used for calculating emissions under the global CORSIA deal to 2019, the agency said in a statement.…

Oil rises after sharp drop in U.S. crude inventories

© Reuters. FILE PHOTO: The moon rises behind oil storage tanks in Omsk TOKYO (Reuters) - Oil prices rose on Wednesday after an industry report showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world. Brent crude () rose 33 cents, or 0.8%, to $41.60 a barrel by 0044 GMT after declining more than 1% on Tuesday. was up 42 cents, or 1.1%, at $39.69 a barrel, having…

Explainomics: How to build an investment portfolio that supports racial justice

In the wake of widespread outrage and protests about racial injustice, many people are looking at their stock portfolio and wondering: what can I do to support racial justice with my dollars? If you are an investor of any type — whether you have a 401(k), IRA, or trading account — there are a few things you could do to promote racial equity. ESG investing: the basics You may have heard of ESG investing, which stands for “environmental, social and governance.” It is also often called sustainable, socially…

Gold Up, Remains Within Striking Reach of $1,800 

© Reuters. By Barani Krishnan Investing.com - Gold stayed within striking distance of the $1,800 per ounce target on Monday, with the safe-haven crowd keeping the yellow metal in positive territory despite an unexpected ramp up in risk by investors shrugging off some of their fears over the Covid-19. for August delivery settled up 90 cents, or 0.05%, at $1,781.20 per ounce on New York’s Comex. On Thursday, the benchmark gold futures contract spiked to $1,796.10 , the…

Oil prices slip as weak Japan data exposes market jitters over fragile demand

© Reuters. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County By Sonali Paul MELBOURNE (Reuters) - Oil prices fell in early trade on Tuesday after weak Japanese industrial production data, not usually a market-moving factor, was enough to jangle trader nerves over a bumpy recovery in fuel demand as coronavirus pandemic restrictions ease. U.S. West Texas Intermediate (WTI) crude () futures briefly traded higher then fell 38…

Oil Futures Advance as Signs of Economic Recovery Offset Virus

<img alt="© Bloomberg. " id="carouselImage" src="https://d1-invdn-com.akamaized.net/content/pic3bfa2a89bf1da22f25de8cbbf9efe23e.jpg"> © Bloomberg. (Bloomberg) -- Oil rebounded from a weekly loss as better-than-estimated economic data countered fears that Covid-19’s resurgence will crimp fuel demand. Futures in New York and London closed higher after declining for two out of the last three weeks. Prices followed equities higher as U.S.…

Gold Edges Closer to $1,800/Oz as Virus Cases Surpass 10 Million

© Reuters. Gold Edges Closer to $1,800/Oz as Virus Cases Surpass 10 Million (Bloomberg) -- edged closer toward $1,800 an ounce -- a level last seen at the end of 2011 -- as demand for haven assets surged amid concerns over rising coronavirus infections. Bullion rose as deaths surpassed 500,000 worldwide and confirmed cases exceeded 10 million, according to Johns Hopkins University data. The increasing numbers are a chilling reminder that the deadliest pandemic of the…