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Fed's Powell scheduled for congressional appearances June 16-17
(Reuters) – Federal Reserve Chair Jerome Powell will testify before the U.S. Congress on June 16 and 17 in hearings on the central bank’s semi-annual monetary policy report. By statute, the Fed delivers the report providing an overview of the economy twice a year, usually in February and again in June or July, and the […]
First-ever remains of prehistoric winged dinosaur in southern hemisphere unearthed in Chile
SANTIAGO (AFP) – Chilean scientists have announced the discovery of the first-ever southern hemisphere remains of a type of Jurassic-era “winged lizard” known as a pterosaur. Fossils of the dinosaur, which lived some 160 million years ago in what is today the Atacama Desert, were unearthed in 2009. They have now been confirmed to be […]
Battered U.S. oil ETF to diversify investment in later-dated oil contracts
By April Joyner and Shariq Khan (Reuters) – The United States Oil Fund LP, the largest oil-focused exchange-traded product (ETP) in the country, is moving to spread out its investments in oil futures in response to extreme market turbulence, it said in a filing https://bit.ly/2XWrj3L%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B on Wednesday. USO said it may invest about 20% of […]