US crude, gasoline stocks fall sharply

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US crude, gasoline stocks fall sharply

July 8 (Reuters) – U.S. crude and gasoline stocks fell sharply while distillate inventories rose in the most recent week, the U.S. Energy Information Administration said on Thursday. Crude inventories (USOILC=ECI) fell by 6.9 million barrels in the week to July 2 …
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A $15.3 Billion Quant ETF Loses Out in Badly-Timed Rebalance

A basket matching its previous allocation is up about 10%, according to Bloomberg Intelligence. MTUM ETF has struggled to make gains since end of
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Retail inflation eases marginally in June

During the month, prices of eggs, edible oils, fruits and pulses accelerated in double digits. Fuel inflation grew 12.7% as oil marketing companies continued to increase petrol and diesel prices, raising the cost of transport and communication services.
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Grant Shapps faces backlash over mandatory Covid tests for five-year-olds

Parents and academics claimed it was unnecessary and potentially harmful to test such young children, while tourism chiefs warned the extra costs for holidays could price many families out of foreign travel. The Transport Secretary announced that …
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Instacart hires Facebook executive as new CEO ahead of expected IPO

Instacart has appointed Facebook executive Fidji Simo as its new CEO, just seven months after she joined the grocery delivery company’s board of directors. Simo, formerly the vice president and head of the Facebook app, will replace Instacart founder and …
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