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Oil prices rose, during trading today, Thursday, July 7, 2022, to regain some of the large losses incurred during the previous two sessions. Investors refocused on limited supplies, in conjunction with continuing fears of a global recession, after inflation in most countries of the world hit record levels. Oil prices today The price of the […]

William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch

U.K. Boris Johnson on Thursday said he would step down in a defiant address in which he talked of his administration’s achievements and noted his standings in the polls despite a difficult economic backdrop. “When the herd moves, it moves,” said Johnson of his fellow Conservative parliamentary members. He thanked voters for an “incredible mandate” […]

The leadership of the crypto-friendly charter city of Próspera in Honduras has hit back at reports it is facing a backlash from residents of the neighboring community of Crawfish Rock over its expansion plans. A Tuesday article from The Guardian reported the special economic zone, touted as an island paradise with low taxes/fiscal responsibility, luxury […]

The British pound rose early Thursday as the BBC and other U.K. media reported that Prime Minister Boris Johnson is expected to resign imminently. The pound GBPUSD, +0.56% rose 0.4% to $1.1978, in a week that has thus far seen dozens of Conservative cabinet members resign in protest over Johnson’s flip-flopping around a sexual harrassment […]

EURUSD updated its 20-year “bottom” again. The major currency pair remained weak on Thursday. The current quote for the instrument is 1.0186. Investors continue escaping the risks of a recession and it’s already not important how fast the economy will go down. They have already included all their emotions and sentiments in the prices.  The […]