Ethereum price prediction 2020

India is 80% dependent on imports for meeting its oil needs. Retail rates adjust according to the global movement in crude prices. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × A government official, while speaking to CNBC-TV18 , said the oil marketing companies ( OMCs ) may suffer losses owing to a pause in retail fuel rates for the last 40 consecutive days across the country, despite the rising trend in international crude prices. The official, however, was not sure when petrol and diesel price hikes will resume bridging the price gap created by international crude oil prices that are trading past $100 a barrel. According to the official, the current price revision standstill is not sustainable. "Halting retail price revision hurting for OMCs. Want refiners to make a profit. Pitching for a balanced solution, not … [Read more...] about OMCs suffering losses due to delay in retail fuel price hike, says govt official

Share to Twitter Share to Linkedin Democrats continue to decry high gasoline prices and accuse oil companies of price gouging, but lawmakers should consider whether their policies restricting domestic energy production are to blame for soaring consumer prices. Democrats may want to look in the mirror before pointing the finger at the people who create jobs and produce the energy this country runs on. The Democrats' own policies are causing the energy scarcity that's driving up prices. Oil and gas prices have risen because of falling supply. Less than a decade ago, there were 1,600 active drilling rigs in the country producing or searching for oil; now, there's a quarter of that number. There were twice as many drilling rigs operating in the Gulf of Mexico before the pandemic hit in spring 2020. That was also the last time oil was at or above $100 a barrel. Why? Because the energy sector faces severe supply chain shortages, including skilled … [Read more...] about Congress Picks Populism Over Increased Supply With Price Gouging Legislation

Tesla, Inc.'s ( TSLA ) shares reversed course from their recent downward trajectory and rose by 3% on Monday, Jan. 10, after key analysts upped their price targets for the stock. Goldman Sachs analyst Mark Delaney confirmed Tesla as a Top Pick for his firm, and Tesla bull Adam Jonas of Morgan Stanley said that the company was a winner in the electric vehicle (EV) race. Both analysts increased their price targets for Tesla shares. The increase in share price came after a bruising four-day period for the stock during which its price fell from $1,200 to as low as $980. The decline occurred even after Tesla announced record delivery numbers . Key Takeaways Electric carmaker Tesla's stock reversed course and rose yesterday after key analyst revisions to its price targets. Noted Tesla bull Adam Jonas of Morgan Stanley revised his price target to $1,300 from $1,200 and stated that Tesla was winning the EV marathon. Goldman Sachs analyst Mark Delaney rated Tesla stock a Top … [Read more...] about Tesla (TSLA) Stock Rises After Analysts Boost Price Targets

An aerial view shows an Idemitsu Kosan Co. oil facility in Ichihara, east of Tokyo, Japan Nov. 12, 2021, in this photo taken by Kyodo.(Kyodo/via REUTERS) NEW YORK — Oil prices rose on Monday on optimism that China would see significant demand recovery after positive signs that the coronavirus pandemic was receding in the hardest-hit areas. Brent crude rose $1.34, or 1.2%, at $112.89 a barrel at 12:10 p.m. EDT (1710 EDT) 1342 GMT, while US West Texas Intermediate (WTI) crude rose $2.22, or less than 0.1%, to $$112.71 a barrel. Shanghai aims to reopen broadly and allow normal life to resume for the city’s 25 million people from June 1, a city official said on Monday, after declaring that 15 of its 16 districts had eliminated cases outside quarantine areas. However, it is estimated that 46 cities in China are under lockdowns, hitting shopping, factory output, and energy usage. “We are seeing a lot of signals that demand will start returning in that region, supporting higher … [Read more...] about Oil prices rise on China demand optimism, gasoline strength

FILE PHOTO: An aerial view shows an Idemitsu Kosan Co. oil facility in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Mandatory credit Kyodo/via REUTERS LONDON — Oil prices fell on Monday as widespread lockdowns in China and weak Chinese economic data fueled fears of a global recession, though the market found some support as the European Union stepped closer to an import ban on Russian crude. Brent crude was down 72 cents, or 0.7%, at $110.83 a barrel at 1236 GMT, and U.S. West Texas Intermediate (WTI) crude slipped 58 cents, or 0.5%, to $109.91 a barrel. The fall in oil prices “is chiefly due to the weak Chinese economic data, as the lockdown measures are having a direct impact on the world’s second-largest market,” said Barbara Lambrecht, energy analyst at Commerzbank. It is estimated that 46 cities in China are under lockdowns, hitting shopping, factory output, and energy usage. The latest Chinese data showed retail sales in April shrank … [Read more...] about Oil prices fall on China’s weak economic data

Shares for The Walt Disney Company ( DIS ) fell by almost 3% after analysts at investment firm Guggenheim Partners downgraded the stock over concerns for the company's future profit growth. Disney, which reports earnings on Feb. 9, closed trading at $155.44 on Jan. 13. As of this writing, the stock is changing hands for $151.13. Key Takeaways Disney stock is falling because it was downgraded to Neutral from Buy by investment firm Guggenheim Partners. The firm cited the threat of new COVID variants disrupting operations and the entertainment behemoth's increased content spend as reasons for its downgrade. Out of 17 analysts covering Disney, 14 have still rated it a Buy for 2022. Why Did Guggenheim Downgrade Disney? Analysts at Guggenheim downgraded Disney stock to Neutral from their earlier Buy rating. They also cut the firm's price target on Disney shares to $165 from $205 due to "broader business pressure." Elements of this pressure include higher wages … [Read more...] about Disney (DIS) Falls on Guggenheim Downgrade

If you're an ecommerce business or have a service you're trying to market, it goes without saying that you'll want your audience to have every possible opportunity to make a sale. In the past social media was all about connecting with this audience, then trying to drive them to your website, and then trying to make a sale, but recently more and more social networks are cutting out the middle man. In other words, they're making it easy for users to make a purchase from your brand right then and there--you just have to know how to get started and how to take advantage. How the Social Commerce Revolution Works and Examples The first thing to understand is what exactly a social commerce revolution means. In short, social commerce refers to options for users to buy what they're seeing right there without having to navigate to a brand's page to make the purchase. In the past social networks were all about making connections and creating profile pages, but they're quickly … [Read more...] about The Social Commerce Revolution Is Upon Us

Russia continues its military buildup at the Ukrainian border, NATO said , disputing Russia's claims that it's removing troops. The rally in U.S. stocks stopped, with major indexes slipping after yesterday's surges. Economists will be mining the minutes from the January FOMC meeting—due later today from the Fed—for clues as to how aggressive the central bank will act in its efforts to curb inflation. Key Takeaways Russia continues adding troops at the border, NATO said, disputing Russia's claims that it is removing troops. The rally in U.S. stocks halted, while oil climbed. Stock declines came despite stronger-than-expected January retail sales. Stocks surged yesterday, snapping a three-day losing streak, on indications tensions between Russia and Ukraine were easing. The Dow rose 1.2%, while the S&P 500 gained 1.6%, and the Nasdaq shot up 2.5%. Later today, the Federal Reserve will release minutes from its January policy meeting . Investors will look for … [Read more...] about NATO Disputes Russian Withdrawals, an Alarming Yield Curve, and More Moving Today’s Market

Shares of Peloton Interactive Inc. ( PTON ) are skyrocketing after the connected exercise company announced a major restructuring. The stock is up nearly 30% as of Tuesday afternoon. Currently trading around $38, the company is still down more than 70% in the last year. U.S. equity markets as a whole are decisively higher after wavering this morning, led by tech and small-cap stocks, with the Nasdaq up more than 1% and the Dow Jones not far behind. Shares of Harley-Davidson ( HOG ) are up nearly 15% this morning after the company posted better-than-expected revenue and earnings. Analysts expected a loss of 38 cents per share; instead, Harley-Davidson reported a gain of 14 cents per share, thanks in part to increased demand for one of its more expensive motorcycle models. Key Takeaways The Dow Jones, S&P 500 and Nasdaq are all higher after wavering earlier. Amgen and Peloton are both helping lead markets higher, as are small-cap stocks as measured by the Russell … [Read more...] about Stocks Rally as Amgen, Peloton, Travel Companies Push Markets Higher

Stocks are falling after hiring in January blew past expectations, raising concerns that the Federal Reserve will lift interest rates aggressively to prevent the economy from overheating. The U.S. added 467,000 jobs last month, the Labor Department reported today. That crushed economists' expectations for 150,000 hires, driving stocks lower despite Amazon.com, Inc. ( AMZN ) gaining after a solid earnings report . Key Takeaways Stocks are falling for a second day after January hiring crushed expectations and raised concerns that the Federal Reserve will lift interest rates aggressively. Amazon is gaining around 10% and Snap more than 40% after reporting solid earnings growth. The yield on the 10-year Treasury note jumped past 1.9%, its highest in more than a year. Crude oil soared past $90 per barrel. The Dow Jones Industrial Average , S&P 500 , and Nasdaq indexes are all lower, following big declines in each yesterday. Crude oil soared past $90 per … [Read more...] about Stocks Drop as Blowout Jobs Report Increases Rate-Hike Jitters