Sunday, January 17, 2021
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Wells Fargo profit beats Wall Street estimates as credit costs fall

Wells Fargo & Co reported a quarterly profit on Friday that beat Wall Street estimates, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop...

Oil drops as Chinese lockdowns, U.S. unemployment data drains rally

Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude...

BlackRock profit beats expectations as assets reach record high

BlackRock Inc, the world’s largest asset manager, on Thursday reported a better-than-expected quarterly profit, as increased activity in financial markets resulted in higher fees and pushed its assets under...

Column: China’s commodity imports saved 2020, this year may be different: Russell

There is both a history lesson and a warning in the latest Chinese data on imports of major commodities. The history part is that China bought...

Dollar lifted as Treasury yields stabilise from drop

Stabilising U.S. Treasury yields helped the dollar trade back in positive territory on Wednesday, though investors remained bearish on the currency’s near-term prospects. Benchmark 10-year Treasury...
Oil prices fell on Thursday after OPEC and IEA reports cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world’s biggest oil importer

Oil prices gain more than 1% after bigger-than-expected inventory draw

Oil prices gained more than 1% on Wednesday, with U.S. crude rising for a seventh day, after industry data showed a bigger than expected drop in inventories and investors...

‘Darkest hour’: BoE’s Bailey sees UK economy in difficult times

Bank of England Governor Andrew Bailey said on Tuesday that Britain’s economy was facing its “darkest hour”, and played down suggestions that cutting interest rates below zero would be...
A 3D-printed coronavirus model is seen in front of a U.S. flag on display in this illustration taken March

Coronavirus causes largest U.S. greenhouse gas emissions drop since World War Two -report

U.S. greenhouse gas emissions fell 10.3% in 2020, the largest drop in emissions in the post-World War II era, as the coronavirus crippled the economy, according to a report...

World stocks near record peak, dollar stumbles again

World stocks edged closer to recent record highs and Asian shares hit a record peak on Wednesday, as investors bet on a strong economic recovery next year, with the...

Oil up on hopes of demand recovery, lower U.S. inventories

Oil gained ground on Wednesday as a U.S. coronavirus fiscal aid package and a decline in crude oil inventories lifted prices. Brent crude futures rose 35...