Bloomberg (April 5)
“The plunge in oil prices over the past two days following the twin shocks of President Donald Trump’s tariffs and the surprise boost in production from OPEC+ has altered the global energy landscape with stunning speed.” The market is frantically “tossing aside expectations for 2025” as Brent crude “tumbled 13% through Thursday and Friday to just over $66 a barrel, casting new doubts on Trump’s quest to aggressively boost US fossil fuel output and achieve ‘energy dominance.’”
Tags: $66, 2025, Altered, Brent, Doubts, Energy landscape, Expectations, Fossil fuel, Market, Oil prices, OPEC, Output, Plunge, Production, Stunning, Surprise, Trump’s tariffs, Tumbled, Twin shocks, U.S.
Wall Street Journal (September 18)
“The Federal Reserve’s rate cut Wednesday sounded the all-clear for overseas central banks that are also concerned about their domestic economic growth.” Some major central banks like the BoE and ECB, already beat the Fed in cutting rates, but “there are a number of others, including in India, South Korea and South Africa, that have held back. And the Fed’s move could encourage them to take the plunge.”
Tags: All-clear, BOE, Central banks, ECB, Economic growth, Encourage, Fed, India, Overseas, Plunge, Rate cut, South Africa, South Korea
Marketwatch (September 20)
“The number of millionaires in the world is set to nearly double by 2026, despite rising interest rates, looming recession fears and a recent plunge in net worth for some of the world’s wealthiest people.” All told, the number of millionaires “is expected to jump 40% and reach 87.5 million over the next five years.”
Tags: 2026, 87.5 million, Double, Fears, Interest rates, Millionaires, Net worth, Plunge, Recession, Wealthiest, World
Bloomberg (August 7)
“Sky-high US inflation may finally be approaching a peak as global economic growth sputters and oil and other commodity prices plunge. Now the focus is shifting to how fast and far it will retreat.” The tight job market “is probably the biggest reason why inflation may prove more entrenched than the optimists expect.”
Tags: Commodity prices, Entrenched, Global, Growth, Inflation, Job market, Oil, Optimists, Peak, Plunge, Sky-high, Sputters, U.S.
New York Times (January 25)
“So far, 2022 is off to a rocky start for the stock market. Yesterday, after an initial plunge in which stocks dropped as much as 4 percent — the biggest one-day drop in nearly a year — the market rallied and ended the day with a slight gain.” There was no particularly market-moving news, but “the foundations supporting the market during the pandemic are looking less stable.”
Tags: 2022, Foundations, Gain, News, Pandemic, Plunge, Rallied, Rocky start, Stock market, Support
New York Times (March 7)
“The pandemic has disrupted international trade, driving up the cost of shipping goods and adding a fresh challenge to the global economic recovery.” Although “the volume of global trade dipped by only 1 percent in 2020,” that fact obscures “a plunge of more than 12 percent in April and May, followed by an equally dramatic reversal. The system could not adjust, leaving containers in the wrong places, and pushing shipping prices to extraordinary heights.” Some experts believe the upheaval will last the remainder of the year.
Tags: Containers, Cost of shipping, Disrupted, Economic recovery, Global trade, International trade, Pandemic, Plunge, Reversal
Houston Chronicle (June 8)
“The coronavirus pandemic and the unprecedented plunge in energy demand has forced oil companies to shut down wells by the thousands, providing another test of a shale industry that restored the U.S. as a leading global producer and spurred Houston’s economy for more than a decade.”
Tags: Coronavirus, Energy demand, Oil companies, Pandemic, Plunge, Shale, Shut down, U.S., Unprecedented, Wells
Forbes (February 28)
Japan’s Q4 6.3% GDP “plunge is a harsh wakeup call,” but the “talk of the Olympics being scrapped” is actually “an opportunity to refocus on what really matter. If Abe had used the last several years doing heavy lifting on reform rather than betting it all on Olympic glory, Japan would have greater endurance. It’s time Tokyo got to work actually creating a brighter future. Not just staging one.”
LA Times (November 20)
“It looks as if the years-long stock market party might just be over.” The “recent plunge in share prices of U.S. technology giants spread like a software virus through the entire market Tuesday, triggering a broad sell-off that wiped out this year’s gains for the major indexes after they all hit record highs in recent months.”
Tags: Gains, Plunge, Sell-off, Share prices, Stock market, Technology giants, U.S.
The Economist (December 10)
“For the first time since oil prices plunged in 2014, Big Oil is putting its head above the parapet to seek substantial new sources of crude that will tide it through the 2020s.” While this signals renewed confidence, the players remain extremely cost conscious, with the aim of staying lean to maintain profitability even if oil stays stuck around $50 per barrel.
Tags: Big oil, Confidence, Cost conscious, Crude, Lean, Oil, Plunge, Prices, Profitability
