Author: i2wtc
Things are getting worse in the Middle East. Asia, the largest demand hub so far for Saudi Arabia, Iraq and the United Arab Emirates, appears to be in the same weakening phase as Europe and the US in the spring. They are not buying enough oil, their oil inventories are depleting and oil prices are generally expected to fall further before recovering. There is perhaps no better example to illustrate this than China. China was supposed to lead the demand recovery in the summer but has bought the least amount of oil this year as seaborne imports have fallen to…
59 days With volatility increasing recently, we started looking at some attractive buying opportunities last week. Was this a much-anticipated correction? Is the pullback over now? Or is there more pain ahead? Exciting weeks ahead market SPX (StockCharts.com | Advanced financial charts and technical analysis tools) The past few weeks have been exciting, especially since the much-anticipated pullback began. The S&P 500 Index (SP500, SPX) was extremely overbought in the short term and needed to reset. The pullback from peak to trough was 5%. It remains to be seen if this is enough. Still, it is reassuring to see some…
The 2024 Paris Olympics are underway, and the U.S. team has already won several gold, silver and bronze medals. Team USA won seven medals Sunday, bringing its total through the first two days to 12. Nine of the 12 were won by women, who took first and second places in the day’s two events: the 100-meter butterfly and individual foil. 2024 Olympics TV schedule today: Gymnastics, shooting, tennis, skateboarding and more The last Summer Olympics where the U.S. didn’t finish on top of the gold medal list was in Beijing in 2008. The host nation always tends to win more…
(Bloomberg) — Stocks rose ahead of major central bank decisions, key economic data and earnings reports from four giant companies with a market capitalization of roughly $10 trillion.Most read articles on BloombergBig tech stocks rose after a rotation that brought the Nasdaq 100 to the brink of a correction, while small caps fell after rising 10% in July. After a disappointing start to big-cap earnings season, results from Microsoft Corp., Meta Platforms Inc., Apple Inc. and Amazon.com Inc. will be key. Federal Reserve officials are on the verge of cutting interest rates within months, and Chairman Jerome Powell could signal…
Lee Kiefer won consecutive gold medals in foil fencing, while teammate Lauren Scruggs made history by winning silver on Sunday as the first black fencer to do so. Olympic She won a medal for the United States in the women’s individual event.Keefer beat Scruggs 15-6 in the final and pirouetted down the course in celebration. He said he took the pressure off knowing the U.S. national anthem would be played after the final no matter what. The cheering crowd at the huge Grand Palais stood in stark contrast to the silent and empty venue in Chiba, Japan. Kiefer won his…
Chinese scientists have discovered water molecules trapped in lunar rocks, overturning previous assumptions that the lunar surface is dry.Rock samples retrieved from the lunar surface and returned to Earth by China’s Chang’e-5 mission in 2020 contain crystals filled with “hydration molecules,” according to the Chinese Academy of Sciences.Samples returned by the US Apollo missions in the 1960s and 1970s contained no traces of water, leading scientists to believe that most of the lunar soil was completely dry, but remote sensing from lunar orbiters has since detected the presence of water on the moon’s surface, especially near the cold poles. Now,…
Down icon An icon in the shape of a downward angle. Ryan Reynolds and Blake Lively have four children. Taylor Hill/WireImage Ryan Reynolds and Hugh Jackman will star in Marvel’s ‘Deadpool & Wolverine’.The film features a number of celebrity cameos.All four members of the Reynolds family appear in the film. Warning: Major spoilers for “Deadpool & Wolverine” ahead.Deadpool & Wolverine is filled with so many cameos that Ryan Reynolds and Blake Lively’s kids might have gone unnoticed.Directed by Shawn Levy, the third film in the Deadpool series will see Reynolds’ Wade Wilson/Deadpool team up with Hugh Jackman’s Logan/Wolverine for an…
Anna Moneymaker/Getty Images A police officer stands near the stage at a campaign rally for former Republican presidential candidate Donald Trump on July 13, 2024, in Butler, Pennsylvania. CNN — Donald Trump has agreed to be interviewed by the FBI, which is investigating an assassination attempt that occurred this month, an FBI official said on Monday. Victim interviews are a routine part of criminal investigations, but they are voluntary. “Any interviews with the former president will be consistent with the interviews we conduct with other victims,” Kevin Rojek, special agent in charge of the FBI’s Pittsburgh field office, told reporters…
The Association for Democratic Reforms (ADR), a voting rights group, has alleged discrepancies between the vote count and the vote count in 538 constituencies in India’s Lok Sabha elections. According to an ADR analysis released at a press conference on Monday, in the recent Indian Lok Sabha elections, 362 constituencies had fewer votes than the total, at 554,598, while 176 constituencies had more votes than the total, at 35,093. The Election Commission’s response on the matter was awaited. “Furthermore, the inordinate delay in releasing the final voter turnout data, the absence of a breakdown by absolute number of constituencies and…
Global credit ratings agency Fitch on Monday upgraded Pakistan’s credit rating to CCC+ from CCC, saying the risk of external financing has reduced after the country secured a fresh bailout from the International Monetary Fund (IMF).Pakistan’s Long-Term Foreign Currency Issuer Default Rating (IDR) was upgraded to CCC+ from CCC.The ratings agency said the upgrade reduced the likelihood of Pakistan defaulting on its debt, although it remains below investment grade.”The upgrade reflects increased certainty over the continued availability of external financing following the signing of a Staff-Level Agreement (SLA) between Pakistan and the IMF for a new 37-month $7 billion Extended…