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Another batch of names has been added to the meme-stock frenzy as retail traders latched on to their latest favorites Wednesday. Prison operator GEO Group Inc. soared 60% and Clean Energy Fuels Corp. jumped 24% as of 2:32 p.m. in New York, supplanting names like ContextLogic Inc. and Clover Health Investments Corp. that had led the charge higher on Tuesday. In Europe, Air Berlin jumped 138% after surging 54% the day before. Meanwhile, shares of fast-food restaurant chain Wendy’s Inc. reversed gains from Tuesday after both Northcoast and Stifel downgraded the stock to hold-equivalent recom...

Prices are surging from China to Europe as demand for coal rebounds from a virus-induced hit, and temporary mine outages curtail supply. Yet companies remain hesitant to invest in new projects with financing difficult to come by and question marks over long-term demand. That’s a boon for miners’ bottom lines but goes against the grain of the typical commodity cycle, where high prices are a signal to increase production and eventually bring the market back into balance. The disruption to normal dynamics underscores how broader environmental goals are changing investment patterns for fossi...

Read more about Coal firms around the world aren't setting up new mines, except Adani Group on Business Standard. Companies hesitant to invest in new projects as financing is difficult to come by and long-term demand is uncertain.

(Bloomberg) -- Paris and Frankfurt have their work cut out if they’re going to seriously challenge the City of London, according to an analysis by think tank New Financial, which found five times more international financial activity in the U.K. than France or Germany.“This report shows you would have to move a huge amount of activity from the U.K. before France, Germany or any other EU financial center is significantly closing that gap,” William Wright, New Financial’s managing director, said i

Author of the article: Ben Sharples Publishing date: Jun 06, 2021  •  2 hours ago  •  1 minute read  •  Article content (Bloomberg) — Oil in New York hit $70 a barrel for the first time since October 2018 as upbeat comments on the market from major trader Vitol Group added to optimism over the global demand recovery. Futures climbed as much as 0.6% during early trading on Monday after posting a second straight weekly gain. OPEC+ appears in control of crude prices, with U.S. production lagging pre-pandemic levels, Mike Muller, Vitol’s head of A...