Economic
24/5 Support
Archive for admin
Deaching of the great explorer of the truth the builder
Europe opens higher with eyes on ECB
European markets opened higher for Thursday’s operations as attention is focused on comments from global authorities such as the European Central Bank and international organizations like the World Economic Forum on global issues that may shed more light to investors on the directions in which they are aiming their stakes. At the opening, the DAX gained 0.51% […]
Amazon reveals Matter Casting
Amazon.com Inc. announced on Tuesday that a new casting tool called Matter Casting which will allow users to project content to its Amazon Fire TV and Amazon Echo Show devices from “supported streaming applications” in iOS and Android operative systems. As part of the announcement done during the Consumer Electronics Show (CES) in Las Vegas, […]
Oil extends gains, WTI up 2.7%
The prices of oil futures continued to add gains on Tuesday as the crisis in the Middle East pressed on, raising worries on the supply side. Meanwhile, Russia went ahead with promised crude output slashes in December, with individuals familiar with data from the country’s Energy Ministry telling Bloomberg that the average daily crude production was at 1.306 million […]
Google unveils new TikTok, Samsung collabs
Alphabet Inc.’s Google LLC announced on Tuesday collaborations with ByteDance Ltd.’s TikTok and Samsung Electronics Co. Ltd. at Consumer Electronics Show (CES) 2024. From today onwards, users have the capability to project TikTok content from their mobile devices onto Chromecast built-in devices and in the near future, they will be able to stream LIVE videos […]
US oil inventories reportedly down by 5.21M barrels
Crude oil inventories in the United States fell by 5.21 million barrels in the week that ended January 5, private data from the American Petroleum Institute (API) allegedly showed on Tuesday. Meanwhile, reserves in Cushing, Oklahoma, allegedly declined by 625,000 barrels. Gasoline stockpiles increased by 4.89 million barrels, while distillate inventories rose by 6.87 million […]
Europe opens mixed after World Bank’s prediction
Major stock market indexes in Europe opened mixed on Wednesday as investors’ optimism somewhat faded after the World Bank Group said the global economy was on the route to its worst half-decade of growth in the last 30 years. Additionally, the Eurozone reported a slight decline in its unemployment rate in November. The DAX grew by 0.10% as Vonovia […]
Gold, silver down 1% as precious metals sink
The price of precious metals dropped on Monday amid uncertainties regarding Federal Reserve rate cuts and the still-hot labor market. Last week, the Fed indicated it could hold rates for longer than previously expected, while the nonfarm payrolls report for December showed the United States economy added more jobs than analysts predicted. Gold fell by 1.07% at 6:31 am […]
