Asian shares were tentative in early Monday trade as investors remained unconvinced about U.S. President Donald Trump's ability to fulfill his economic agenda.Read More »
While enthusiasm in the U.S. oil market dwindles, things are looking a little brighter across the pond. For a second week, hedge funds refrained from making big bets on West Texas Intermediate prices stuck below $50 a barrel in New York as American output keeps rising. Meanwhile in London, Brent surged to a 12-week high as global physical markets tighten. The gap between the two benchmarks hasn’t been so wide in almost two years. “You still have fairly strong and resilient production in the shale sector, so there is a lot of light oil around in the U.S.,” said Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas SA in London. Crude output at major shale fields like the Permian
Prospectors have mined 20 million ounces of gold from the Yukon’s famous Klondike since the Gold Rush. This is the Mother Lode of Klondike gold that countless prospectors have been trying to get at for over a century. Now it’s a story of amazing technology that’s enraptured everyone on the Discovery Channel, a Canadian billionaire whose touch turns everything to gold, and a legendary geologist of gold-discovery fame.
In the two months since Amazon.com Inc. (AMZN) announced its jaw-dropping $13.7 billion deal to buy Whole Foods Market Inc. (WFM) , there's been plenty of speculation about what types of physical retailers besides grocery stores Amazon will target via bricks-and-mortar initiatives. Between what was announced today and last December's unveiling of the Amazon Go store concept, it's safe to say that convenience stores are high on Amazon's hit list. As with grocery stores, Amazon is taking aim at an industry that to a large degree has been immune to e-commerce's multi-decade onslaught. Amazon just unveiled Instant Pickup, a service that it promises will let Prime members pick up "hundreds of need-it-now items like food, cold drinks, personal care items, technology essentials and Amazon devices" within two minutes of ordering them via the Amazon app.