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Bernard Arnault immune to record gains and losses

Bernard Arnault immune to record gains and losses

Having survived the first coronavirus shock, global stocks are gaining ground slowly but surely. Remarkably, some companies set new records amid ongoing market jitters. Chairman, CEO, and founder of Louis Vuitton Moët Hennessy (LVMH) was able to earn a whopping $11.3 billion in a single trading day.
08:51 2020-04-08 UTC+00
Energy market drowning in crude oversupply

Energy market drowning in crude oversupply

Before 2020, mankind was worried that oil reserves would soon be depleted. This year, however, global markets have faced an unprecedented oil surplus, the biggest on record. A growing number of oil refineries worldwide are shutting down as demand for crude shrinks. In the physical crude oil market, the situation is getting worse.
08:22 2020-04-08 UTC+00
Investment banks assess risks looming over stock market

Investment banks assess risks looming over stock market

While the coronavirus pandemic is shaking the global markets, experts have no option but stand by and watch the situation. The currency strategists of the largest investment banks are trying to figure out whether the market has bottomed out or there is still room for maneuver.Experts at JP Morgan Chase & Co and Goldman Sachs Group Inc.
14:08 2020-04-07 UTC+00
Riot Blockchain: COVID-19 might hurt crypto sphere

Riot Blockchain: COVID-19 might hurt crypto sphere

The intensifying coronavirus pandemic could also affect the cryptocurrency sphere. Many experts fear serious disruptions in digital assets mining and their transactions.Experts at Riot Blockchain, a US cryptocurrency mining firm, are sure that the blockchain company is already facing the operational challenges.
14:44 2020-04-06 UTC+00
Saudi Arabia knocks down oil and gas prices

Saudi Arabia knocks down oil and gas prices

Saudi Arabia is exerting influence on large oil exporters, aiming to outpace its rivals.  The Kingdom’s economy has been unaffected by the coronavirus pandemic yet. So, nothing disrupts its standoff with Russia. OPEC’s de facto leader Saudi Arabia has unleashed the oil trade war with the powerful rival to win the lion’s share in the global oil market.
11:08 2020-04-06 UTC+00
Trump signs $2 trillion coronavirus stimulus bill

Trump signs $2 trillion coronavirus stimulus bill

The US government was rather prompt to respond to the coronavirus crisis. In late March, the US Senate passed a $2.2 trillion relief bill to blunt the impact of the economic downturn caused by the pandemic. The stimulus package features a wide-ranging support program which includes one-time direct payments to individuals and support measures for large and small businesses.
09:53 2020-04-06 UTC+00
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