China’s Call for More Coal From Miners Seen Reversing Transition to Clean Energy
(Bloomberg) Beijing wants coal miners in the country to pump more resources to boost coal output to over 12 million tons a day in the final three months of the…
(Bloomberg) Beijing wants coal miners in the country to pump more resources to boost coal output to over 12 million tons a day in the final three months of the…
(IHS Markit) The UK Composite Output Index rose to a three-month high of 56.8 in October from 54.9 in September, as the UK economy regained steady growth in most sectors. …
(IHS Markit) Eurozone’s PMI Composite Output Index fell to a six-month low of 54.3 in October, down from 56.2 in September on sticky supply chain and ongoing Covid-19 concerns. The…
(ONS) The UK posted a 0.2% fall in retail sales in September, after another 0.6% decline in August. The retail sales remained 4.2% above February 2020 at the onset of…
(European Commission) The consumer confidence indicator fell by 0.8 points to -4.8 points in the euro area in October from September. The index was down by 0.9 points to -6.1…
(NAR) US sales of existing homes improved at an annual rate of 7% to 6.29 million in September from August, with increases in supply accounting for the uptick in activity.…
(Crocs) Crocs’ revenue increased to $626 million in the third quarter of 2021, from $362 million in the same period of last year. The retailer’s net revenue for the nine…
(Philadelphia Fed) The diffusion index gauging current general activity in US manufacturing fell by 7 points to 23.8 in October. 40% of firms had increases in activity, compared to 34%…
(Forbes) Morgan Creek Capital Management analyst Mark Yusko is warning that Bitcoin could be overbought, and price consolidation might follow due to profit-taking. Yusko is, however, forecasting that bitcoin prices…
(Department of Labor) US jobless claims were 290,000 for the week that ended October 16, down by 6,000 from the previous week. The claims were lower than expected 300,000. At…
(Cointelegraph) JPMorgan strategists believe the recent rally in Bitcoin price is driven by investor concerns over inflation. JPMorgan says the ProShares Bitcoin Strategy exchange-traded fund is unlikely to trigger the…
(AT&T) AT&T Inc. reported a net income of $5.9 billion in the third quarter of 2021, an increase compared to $2.8 billion in the same period of last year. The…