Treasuries showed a lack of direction over the course of the trading session on Thursday before ending the day modestly higher. Bond prices spent the day bouncing back and forth across the unchanged line but moved to the upside going into the close. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 2.1 basis […]

Mining for bitcoin and other cryptocurrencies consumes as much electricity as a typical household uses in 13 years. And that’s just for one coin. Global electricity demand for bitcoin mining in August of 2021 was approximately 13.4 gigawatts, and meeting that demand spewed 65.4 million metric tons (Mt) into the earth’s atmosphere, according to a new study by Alex de […]

BORODYANKA, Ukraine (Reuters) – Russia’s invasion of Ukraine entered its second week on Thursday with its main assault force halted north of the capital Kyiv and several cities enduring heavy Russian bombing. The humanitarian crisis also worsened, with more than one million refugees now having fled Ukraine, the United Nations said. Hundreds of Russian soldiers and Ukrainian civilians have been […]

WASHINGTON (Reuters) -U.S. President Joe Biden on Tuesday vowed that Russia’s Vladimir Putin will pay dearly over the long run even for his invasion of Ukraine, even if his military campaign succeeds in the short term.US President Joe Biden delivers his State of the Union Address before lawmakers in the US Capitol in Washington, DC, U.S., March 1, 2022. Jim […]

SINGAPORE (Reuters) – Norway’s Telenor is planning to transfer $100 million held by its troubled Myanmar operations to the unit’s new buyers – an amount roughly equivalent to how much it will be paid over five years, three people with knowledge of the deal’s terms said.FILE PHOTO: Telenor’s logo is seen in central Belgrade, Serbia, March 21, 2018. REUTERS/Marko DjuricaThe […]

Markets dipped to start out Tuesday, as the conflict between Russia and Ukraine continued. One definitive ramification of this conflict has been rising energy prices, as investors are watching West Texas Intermediate crude hit its highest level in the past eight years. Reaching back even further than that was the Nasdaq, as this major average posted its worst start to […]

HONG KONG (Reuters) -Hong Kong residents braced for a city-wide lockdown, emptying supermarkets and pharmacies, even as leader Carrie Lam called for calm on Tuesday and appealed for the public not to worry over a compulsory mass COVID-19 testing plan. The Chinese-ruled territory reported 32,597 new coronavirus infections on Tuesday and a record 117 deaths in the past 24 hours. […]

WASHINGTON (Reuters) – The White House said on Monday it is denying executive privilege to advisors of former President Donald Trump, whose testimony is being sought by a Congressional committee investigating the deadly Jan. 6, 2021 Capitol riot.Slideshow ( 2 images )In letters dated Feb. 28, a White House lawyer explained to former Trump trade advisor Peter Navarro and to […]