Fri, March 29, 2024

Amanda Hansen

Amanda Hansen is our senior reporter writing on Economy News. Ms. Hansen is a Georgetown graduate specializing in economic and political sciences. Her Ph.D. concentrates on the market impact on the global economy.

Wibest – Oil Petroleum: Crude oil barrels being refilled in a refinery.

Oil Prices Rose Thanks to Comments About the Omicron

Oil prices benefited from positive comments regarding the Omicron variant. Even as some governments stepped up curbs to stop its rapid spread, prices rose.   According to Pfizer and BioNTech, a three-shot course of their Covid-19 vaccine may protect against infection from the Omicron variant.   On Thursday, U.S. West Texas Intermediate (WTI) crude futures …

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Tickets and corporate clients

Beyond The Blockchain Fanfare: The Game-Changing Tech

When seeking more secure technologies and removing an intermediary from the execution of the business plan while reducing the cost to customers, distributed ledger technology could be an option. Blockchain is just one segment in the DLT’s technical class. Distributed ledger technology is on a P2P (a peer-to-peer) network, eliminating clearinghouse involvement. The P2P network …

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stock markets

U.S. Stocks and the Omicron Variant of Covid-19

U.S. stocks rose on Wednesday as investors continued to monitor the situation regarding Covid’s new variant.  The Dow Jones Industrial Average gained 35.32 points or 0.1% to close at 35,754.75. The S&P 500 advanced 0.3% to 4,701.21. The index sat 0.9% from its record. The Nasdaq Composite added 0.6% to 15,786.99.  Pfizer’s and BioNTech’s position …

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The price of cryptocurrencies on December 6

Congress Provides New Regulations – Crypto Industry Wishes

Top executives at six major cryptocurrency companies, including Circle and Coinbase, called Congress on Wednesday to provide more precise rules for the $3 trillion growing industry. There was also a warning that overly strict restrictions would push it out of bounds. The hearing of the U.S. House of Representatives Financial Services Committee was the first …

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Oil prices float above $75  

Oil Prices Declined Due to Several Risk Factors

Oil prices declined on Wednesday as investors waited for more information regarding the impact of the Omicron coronavirus variant on the global economy and fuel demand.  On Wednesday, Brent crude futures fell 40 cents or 0.5% to $75.04 a barrel at 07:48 GMT. One day earlier, Brent crude futures gained 3.2%. U.S. West Texas Intermediate …

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Weekly Overview: Forex, Stocks, Crypto, Commodities

How European Stocks Reacted to Covid’s New Variant

European stocks rose on Wednesday, with investors analyzing the latest information around the omicron Covid variant. The pan-European Stoxx 600 gained 0.2% by early afternoon, paring earlier gains, with healthcare stocks gaining 1.2% while retail fell 0.9%. The positive trade in the region came after a strong session on Tuesday. This week, Pfizer’s CEO Albert …

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bitcoin chip on a computer motherboard

Possible Testing of the Inventor of Bitcoin – Satoshi Case

A jury has verified that Craig Wright, who allegedly invented Bitcoin, will not have half of his predicted cryptocurrency storage – more than $50 billion. The lawsuit has caused a stir in the Bitcoin community. He would have to hand over these bitcoins if the court instructed him, and only a real Satoshi can do …

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