Dashboard

Financial News

Can the U.K. Still Save Its Oil and Gas Industry?
oilprice52d ago

Can the U.K. Still Save Its Oil and Gas Industry?

When the UK’s government slapped a 25% windfall tax on oil and gas producers in 2022, the industry warned this could be the death knell for local oil and gas production. Four years later, the UK’s oil and gas industry is being described as “irrelevant”. The UK’s oil and gas production has slumped from some 4.4 million barrels of oil equivalent daily 25 years ago to some 1 million barrels of oil equivalent daily to date. This is seen dropping to as little as 150,000 barrels by 2050. In fact, it may drop even more sharply...

#ECONOMY
Prediction Markets Chip Away at Sports Betting’s Territory
pymnts52d ago

Prediction Markets Chip Away at Sports Betting’s Territory

Sports-related bets on Kalshi are now generating estimated annualized revenues of roughly $1.3 billion. As the Financial Times (FT) reported Saturday (Feb. 14), that figure is nearly a quarter of the total sportsbook revenue for betting giant DraftKings and spotlights the increasing threat that prediction markets like Kalshi present to the $14 billion U.S. [...]The post Prediction Markets Chip Away at Sports Betting’s Territory appeared first on PYMNTS.com.

#STOCKS
Weak start to the year for housing market
thepost_nz52d ago

Weak start to the year for housing market

New Zealand’s housing market started the year with little momentum, with sales in January at their lowest level in 18 months, economists say.

#STOCKS
Indian Stock Market Opens Weak Amid AI Disruption Concerns in IT Sector
devdiscourse52d ago

Indian Stock Market Opens Weak Amid AI Disruption Concerns in IT Sector

The domestic stock markets displayed a weak start this Monday with benchmark indices opening in the red amid ongoing concerns about disruptions caused by artificial intelligence AI in the IT sector The Nifty 50 index started at 2542360 marking a decline of 4750 points or 019 percent Meanwhile the BSE Sensex opened at 8248040 down by 14636 points or 018 percent reflecting cautious investor sentiment at the weeks outset

#STOCKS