Category: demand
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Crude oil bounces as Fed rate cut hopes outrank demand worries (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended a five-session losing streak on Wednesday, as renewed hopes for a Federal Reserve interest rate cut in September outweighed concerns about demand after data showed a build in US crude oil and fuel inventories. US Treasuries rose on Wednesday afterward Private…
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Delta Air sees healthy demand, especially on international routes By Reuters
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Written by Lisa Barrington DUBAI (Reuters) – Delta Air Lines Corp (NYSE:) remains committed to the Boeing 737 MAX 10 it has ordered for delivery starting next year, although it does not expect to receive the plane for some time. CEO Ed Bastian said Saturday. Delta, one of the largest…
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Dell beats first-quarter revenue estimates as AI boom bolster server demand
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(Reuters) – Dell Technologies beat Wall Street estimates for first-quarter revenue on Thursday, snapping a six-quarter streak of declines, thanks to surging demand for its artificial intelligence-powered servers. The surge in demand for high-performance computing and large-scale data centers to support the growing adoption of generative AI has spurred investments…
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Copper prices to quadruple on soaring demand, top commodity trader Andurand says
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SimoneN/iStock via Getty Images Hedge fund manager Pierre Andurand, one of the world’s most famous commodities traders, believes that the rise in copper prices still has much further to go and could be close to… Four times as much as $40,000 per metric ton For the next few years, the…
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Fresh Wave of Demand for Bitcoin (BTC) Could Spark New Rally
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Bitcoin rose above $71,000 this week, breaking out of a tight trading range in which it had been confined for several weeks. One of the main catalysts for this price movement is strong demand through ETFs, with net inflows of around $1.2 billion over the past week. Going forward, several…
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Bitcoin Selling Pressure Subsides as Demand Stabilizes: CryptoQuant
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The price of Bitcoin (BTC) rose beyond the $60,000 level to the $67,000 region on news of a lower-than-expected inflation rate in the United States. According to the latest weekly CryptoQuant a reportBitcoin’s recent rally has also been sustained by the recent decline in selling pressure. However, the demand for…
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CME Group Plans To Launch Bitcoin Spot Trading, Targeting Wall Street Demand
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According to the Financial TimesThe Chicago Mercantile Exchange (CME) Group, the world’s largest futures exchange, is reportedly in discussions to introduce spot trading for Bitcoin (BTC). The move aims to capitalize on growing demand among Wall Street money managers seeking exposure to the cryptocurrency sector. The move represents an important…
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New U.S. rules aim to boost renewables, meet surging electricity demand (NYSEARCA:XLU)
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Gargolas/iStock via Getty Images Federal Energy Regulatory Commission Two new rules were approved Monday’s move is expected to make it easier to expand construction of large power lines and bring more renewable energy to American homes and businesses. One rule will require companies that produce and transmit electricity to weigh…
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Oil extends fall on signs of weak fuel demand, strong dollar By Reuters
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Written by Florence Tan SINGAPORE (Reuters) – Oil prices continued to decline on Monday amid signs of weak demand for fuel and at a time when statements by Federal Reserve officials (the US central bank) weakened hopes for lowering interest rates, which could lead to slowing growth and reducing demand.…
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BA owner IAG boosts staff by 1,700 to meet summer demand surge
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British Airways has created 1,700 jobs as it prepares for a summer boom that will allow its parent company IAG to match last year’s big operating profit of €3.5 billion. British Airways’ recruitment drive includes cabin crew and technology specialists to boost the airline’s digital services. The move follows a…
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Royal Caribbean to hire thousands to keep up with record cruise demand – report
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Solar737/iStock Editorial via Getty Images Royal Caribbean (New York Stock Exchange: RCLThe company is in talks with tourism boards and port operators around the world to hire thousands of people as it faces record demand for cruises, Reuters reported. The cruise operator plans to hire about 10,000 workers this year…
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Car Industry Urges UK Government Action to Boost Waning Electric Vehicle Demand
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Carmakers are sounding the alarm about slowing demand for electric cars among private buyers in the UK, leading to urgent calls for government intervention to reignite interest in battery-powered cars. Although overall UK vehicle registrations increased by 1% year-on-year to 134,000 in April, driven by fleet sales, sales to private…
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Weak diesel market adds to concerns about global oil demand (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended little changed on Thursday, as a surprisingly large build in US inventories that raised concerns about demand and a potential ceasefire in the Middle East hampered any potential recovery from yesterday’s sharp losses. Dip in Global demand for diesel is also…
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Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
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In a legal saga that has captured international attention, a Nigerian court has postponed the money laundering trial against cryptocurrency exchange Binance and two of its executives until May 17. The decision came after a lawyer representing the stock exchange informed the court that he had not been served. With…
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DEMAND Pool’s CEO Says The Time To Decentralize Bitcoin Mining Is Now
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Company Name: Requests Founders: Alejandro de la Torre and Filippo Merli Date of Establishment: 2023 Headquarters location: Lisbon, Portugal and Florence, Italy Amount of Bitcoin in the treasury: “Currently being booted” Number of Employees: 2 website: https://www.dmnd.work/ Public or private? private Alejandro de la Torre is deeply concerned that Bitcoin…