California officials canceled fireworks and closed beaches in some counties this Fourth of July weekend, as the state faced an explosion of new coronavirus cases. California’s early success battling the virus has turned into a crisis. Photo: Getty Images...
(Bloomberg) -- Oil rose in London to above $43 a barrel as Saudi Arabia hiked its official selling prices, and as global equity markets climbed.Brent gained 1.3% in London to near the highest level since March. Saudi Aramco increased its crude prices to Asia as demand recovers. Libya’s oil exports are expected to fall this month as forces opposed to the government continue to block shipments. Global equity markets are near the highest in a month, giving crude another boost.Still, the surge in coronavirus infections around the world, including in the U.S., makes the recovery in the oil market fragile. For now though, optimism over strong economic data, returning energy demand as countries ease lockdown measures, and OPEC and its allies’ bumper output cuts are driving crude higher.See also: Markets Torn Between Robust Economic Data and Rising Virus Cases“Despite the rapid increase in new global cases of Covid-19, financial and commodities...
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk announced Sunday that the automaker was selling a pair of red "short shorts" on its online store, which led to the item being sold off in minutes and the company's retail website crashing.What Happened Musk took to Twitter to announce the sale of the short shorts.> Limited edition short shorts now available at https://t.co/5EmNcTBvJv> > -- Elon Musk (@elonmusk) July 5, 2020The Tesla chief executive said the limited edition shorts were on sale for "only $69.420," a thinly veiled reference to the $420 price point at which Musk had wanted to take the automaker private in 2018.Minutes after the shorts went on sale, they were all sold out, and the Tesla online store became inaccessible. > Dang, we broke the website> > -- Elon Musk (@elonmusk) July 5, 2020The shorts' product description mocks the short-sellers of Tesla stock. It reads, "Celebrate summer with Tesla...
Jul.06 -- France already has a new prime minister, but the rest of the government is expected to be announced today, according to AFP citing the presidency. Bloomberg’s Caroline Connan reports on “Bloomberg Markets: European Open.”...
Jul.06 -- Freddie Lait, chief investment officer at Latitude Investment Management, discusses the current state of markets and where he sees them heading. He speaks on “Bloomberg Markets: European Open.”...
