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| WEEKLY RATE INFORMATION |
| Market Index |
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¹ Excludes dividends
Sources: Yahoo! Finance, U.S. Dept of the Treasury, U.S. EIA, Barchart (SWAADY10.RT), Bloomberg, World Gold Council |
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¹ Excludes dividends
Sources: Yahoo! Finance, U.S. Dept of the Treasury, U.S. EIA, Barchart (SWAADY10.RT), Bloomberg, World Gold Council |
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| US passes emergency waiver over fuel pipeline cyber-attack |
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The US government issued emergency legislation on Sunday after the largest fuel pipeline in the US was hit by a ransomware cyber-attack.
The Colonial Pipeline carries 2.5 million barrels a day - 45% of the East Coast's supply of diesel, petrol and jet fuel.
The operator took itself offline on Friday after the cyber-attack and work to restore service is continuing. |
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| Underwriters puzzle over how to make pandemics insurable again |
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When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new business policies.
Denis Kessler, chairman and CEO of French reinsurer SCOR, summed it up when he told a recent conference that pandemic risk was like war. |
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| Stocks Are Mixed as Commodities Boom Gives Pause: Markets Wrap |
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U.S. stocks were mixed as surging commodity prices stoked concern about whether inflation will derail a growth rebound in the world’s largest economy and spoil a record stock rally.
The tech-heavy Nasdaq Composite Index declined amid the prospect of inflation, which can threaten longer-horizon revenues typical of the sector. |
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