Tuesday, 13 Apr 2021

Gold Gains On Dovish Fed Minutes

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Video shows a massive fireball destroying the deck of a supply ship in the Antarctic Ocean

  • A video shows shows a fire erupting on a vessel in the Antarctic Ocean.
  • It left the ship with a damaged engine and only able to move at slower speeds.
  • No injuries were reported, and authorities are investigating.
  • See more stories on Insider’s business page.

Video footage shows a fire erupting on a supply vessel in the Antarctic Ocean. 

The fire started at around 2 p.m. on Monday on MPV Everest, The Guardian reported, while it was five days into a 14-day journey back to Australia.

Watch the video here: 

https://www.youtube.com/embed/RwhZJymEfpo

The fire was suppressed, but it left the ship only able to go at much slower speeds, according to The Guardian.

No injuries were reported, and the Australian Transport Safety Bureau is investigating.

A Maritime Union of Australia official said the fire caused “significant damage” to one of the ship’s engines and “resulted in the destruction of two smaller vessels stored on the deck,” The Guardian reported.

Opinion | Four Ways of Looking at the Radicalism of Joe Biden

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By Ezra Klein

Opinion Columnist

E-commerce firm StockX valued at $3.8 billion after new funding round

(Reuters) – E-commerce firm StockX said on Thursday it had raised $255 million in a financing round, valuing the company at more than $3.8 billion.

The all-cash offer was led by Altimeter Capital, with participation from existing investors and new institutional investor Dragoneer.

Covid cases rising in one area of London as infections by borough revealed


Figures for London by borough

E-commerce firm StockX valued at $3.8 billion after new funding round

(Reuters) – E-commerce firm StockX said on Thursday it had raised $255 million in a financing round, valuing the company at more than $3.8 billion.

The all-cash offer was led by Altimeter Capital, with participation from existing investors and new institutional investor Dragoneer.

Suspect found in South Carolina killings of 2 kids, 3 adults

ROCK HILL, S.C. – A suspect was found after an hours-long search for the attacker in a South Carolina shooting Wednesday evening that left five people, including two children, dead, authorities said.

The York County Sheriff’s Office said the suspect was found in a nearby home. Details on the suspect’s apprehension weren’t immediately released. 

The York County coroner’s office said Dr. Robert Lesslie, 70, and his wife, Barbara Lesslie, 69, were pronounced dead at the scene along with grandchildren Adah Lesslie, 9, and Noah Lesslie, 5.

A fifth victim, James Lewis, 38, from Gaston, was found dead outside. Authorities said he had been working at the home when he was shot. 

York County Sheriff’s Office’s spokesperson Trent Faris said a sixth person was hospitalized with “serious gunshot wounds.” Their condition is unknown. 

Faris said deputies were called to the area around 4:45 p.m. to the home in the Rock Hill area. 

“We are shocked that this type of incident happened here,” Faris said. 

The sheriff’s office spent hours searching for the suspect before finding him around 1:30 a.m. 

Rock Hill is a city in northernmost South Carolina about 25 miles (40 kilometers) southwest of Charlotte, North Carolina. 

The investigation is ongoing.

Gold Gains On Dovish Fed Minutes

Gold prices rose on Thursday as the dollar and treasury yields retreated on dovish signals from the Federal Reserve.

Spot gold rose 0.4 percent to $1,745.02 an ounce while U.S. gold futures were up 0.3 percent at $1,746.05.

The U.S. dollar traded near its lowest in more than two weeks versus major peers and yields on longer-term U.S. Treasuries dropped after the Federal Reserve in its latest policy meeting minutes gave no indication a tightening of monetary policy was imminent.

“Participants noted that it would likely be some time until substantial further progress toward the Committee’s maximum-employment and price-stability goals would be realized and that, consistent with the Committee’s outcome-based guidance, asset purchases would continue at least at the current pace until then,” the Fed’s March 16-17 minutes revealed.

Meanwhile, the Biden administration released more details about the tax plan, which raises the federal corporate income tax rate to 28 percent from 21 percent.

Traders await a speech from the Fed Chair Jerome Powell at a virtual IMF seminar, where he outlines his views on global recovery and the monetary policy outlook.

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