Stock markets have fallen sharply around the world after Saudi Arabia launched an aggressive oil price war which caused oil prices to fall by almost a third. The UK’s FTSE 100 index plunged by over 8% at the open, while Australia’s S&P/ASX 200 ended 7.3% lower on Monday, the index’s biggest plunge since October 2008. [...
But in 1938-’39, when World War II rescue drama “Resistance” takes place, Jewish-born Marcel Mangel was just 15 years old and had not yet adopted his stage name, [...]Friday, March 6, was a surreal day. We were putting the finishing touches on the sound mix for our film “We Are As Gods,” a feature documentary about counterculture icon and environmentalist Stewart Brand that was set to premiere at SXSW. It was the last day of our sound mix at Skywalker Ranch, which marked [...
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World stocks sink on coronavirus shock, oil price crashGlobal share markets fall as panicked investors flee to the safety of bonds and the yen to hedge the economic trauma of the coronavirus, while oil plunges more than 30% after Saudi Arabia opens the taps in a price war with Russia Saudi Arabia's move, whether intended or not, will ease the global economic crisis by lowering cost of fuel while also collapsing the Russian economy because Russia can't compete with SA & ruble is heavily based on oil. It's a good move by KSAmofaEN - Russia, check! I'm going deeper underground, there's too much panic in this town Russia will be the loser here they wont be able to compete with the Saudis and a reduction in the price of oil will help to cushion some effects of the Virus for global industry
Source: Reuters - 🏆 2. / 97 Read more »
Airline stocks slammed by coronavirus fears, but experts say reaction may be overdoneU.S. airline stocks have been slammed as companies cancel all but urgent travel and avoid regions with high numbers of cases of the coronavirus COVID-19, but... I want to say they had it coming for all these years of price gouging and monopolizing air travel but does that make me a bad person heh lol, they'll make it up by nickle and diming passengers for pillows, blankets, bags, etc I smell a bailout
Source: MarketWatch - 🏆 3. / 97 Read more »
Global stocks tumble as oil crashes, compounding coronavirus fearsGlobal stocks are falling and bond yields are sinking after Saudi Arabia shocked oil markets by launching a price war against onetime ally Russia. Trump's buddies in Saudi Arabia are screwing up the Stock Market. That should piss him off. Hey .cnn I think it is also a price war against the United States.
Source: CNN - 🏆 4. / 95 Read more »