Connect with us

A powerful quake of magnitude 6.8 struck off the eastern coast of Greenland on Friday, the U.S. Geological Survey said.

The quake, initially reported as a magnitude 7.1, struck at 0149 GMT. Its epicenter was in a remote area 253 miles (407 km) east of Ittoqqortoormiit in Greenland.

It was strong enough to cause local waves in the Greenland Sea but was not expected to cause a tsunami in more populated areas, the U.S. Tsunami Warning System said.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

World

Trump says he called OPEC and told cartel to bring fuel prices down

Published

on

President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019.

Jonathan Ernst | Reuters

President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019.

President Donald Trump on Friday said he “called up” OPEC and told the producer group to take action to bring down fuel costs, making a dubious claim that gasoline prices are already falling.

“The gasoline prices are coming down. I called up OPEC. I said, ‘You’ve got to bring them down. You’ve got to bring them down, and gasoline’s coming down,” Trump told reporters en route to a National Rifle Association event in Indianapolis.

It was not immediately clear whether Trump meant that he had contacted the OPEC Secretariat in Vienna, or whether he was referring to OPEC members and close U.S. allies like Saudi Arabia and the United Arab Emirates.

In fact, the national average for a gallon of regular gasoline is $2.883 per gallon, up from $2.877 a day ago and $2.839 a week ago. Wholesale U.S. gasoline prices have ticked lower in recent days, but are still up 10.7% from a week ago and

Source link

Continue Reading

World

Oil's recent price surge won't last, economists predict

Published

on


Sluggish global growth and an increase in U.S. output both signal the end of the recent rally in oil prices, economic research consultancy Capital Economics has suggested.

Source link

Continue Reading

World

US GDP grows by 3.2% in the first quarter

Published

on

The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in six years.

First-quarter GDP expanded by 3.2% in the first quarter, the Bureau of Economic Analysis said in its initial read of the economy for that period. Economists polled by Dow Jones expected the U.S. economy increased by 2.5% in the first quarter. It was the first time since 2013 that first-quarter GDP topped 3%.

Exports rose 3.7% in the first quarter, while imports decreased by 3.7%. Economic growth also got a lift from strong investments in intellectual property products. Those investments expanded by 8.6%.

“The upside beat was helped by net trade (exports jumped while imports contracted sharply) and inventories which combined contributed almost 170 bps of the rise,” wrote Peter Boockvar, chief investment officer at Bleakley Advisory Group. “Personal spending though, the biggest component was up just 1.2%, two tenths more than expected as an increase in spending on services and nondurable goods offset a decline in spending on durable goods.”

Disposable personal income increased by 3%, while prices increased by 1.3% when excluding food and energy. Overall prices climbed by 0.8% in the first quarter.

Source link

Continue Reading

Trending