Oil prices fell on Wednesday as markets followed the developments in the recently reignited trade dispute between the United States and China. Beijing announced a 10% tariff on US oil, as well as a 15% levy on coal and liquified natural gas. However, bilateral discussions are ongoing and the eventual impact of the measure is […]
Major stock exchanges in the United States traded mostly lower at the open on Wednesday as earnings from tech companies seemingly failed to live up to expectations. While Alphabet’s Google cloud revenue came in at $11.9 billion in the fourth trimester of fiscal 2024, registering a slower growth compared to the previous quarter, AMD’s net […]
Major stock markets in the United States ended higher on Wednesday as investors brushed off earlier trade turmoil linked to the US administration’s tariff policies. Tech stocks led gains, after Super Micro Computer announced the full production availability of its AI data center featuring Nvidia’s Blackwell platform, making both company’s stocks climb. Market participants are […]
The prices of oil futures kept surging on Thursday as investors remained laser-focused on tensions in the Middle East and United States President Joe Biden’s latest comments on the matter. When asked by reporters at the White House if he would support Israel striking Iran’s oil facilities, he responded: “We’re discussing that. “After Iran’s ballistic […]
The prices of precious metals rose on Tuesday with gold soaring more than 1% and mostly erasing yesterday’s losses, as the growing chaos in the Middle East seemingly pushed investors toward safe havens. A day earlier, Israel announced it would be conducting “limited” ground operations in Lebanon, after killing Hezbollah chief Hassan Nasrallah. Israel’s previous […]
Initial jobless claims in the United States stood at 225,000 for the week ending September 28, which was higher by 6,000 compared to the previous week’s revised level, according to a report by the Department of Labor on Thursday. The 4-week moving average was 224,250, a decrease of 750 from the previous week’s revised average. […]
Major stock markets in the United States closed Wednesday’s session mostly lower as Nasdaq 100 and S&P 500 indexes closed in the red territory dragged by a sell-off of tech companies. Within both indexes, players like Micron Technology, Nvidia, Meta, Broadcom, Qualcomm, Advanced Micro Devices, and ASML were some of the firms on the list […]
Major stock indexes in the Asia-Pacific region traded lower on Thursday after a report showed that Japan’s trade deficit landed at ¥224.04 billion in June. Additionally, Australia’s unemployment rate stood at 4.1% in June. Australia’s S&P/ASX 200 lost 0.19% at 4:05 am CET. South Korea’s Kospi Composite was down by 1.16% a minute later. Hong […]
The price of the white metal declined on Wednesday as concerns about the future of the Federal Reserve’s monetary policy appeared to weaken investors’ appetite for safe-haven assets. Meanwhile, Federal Reserve Chair Jerome Powell said on Monday that recent data “adds somewhat to confidence” that inflation is returning to target and that the central bank […]
Crude oil inventories in the United States dropped by 9.1 million barrels in the week that ended June 28, private data from the American Petroleum Institute (API) allegedly showed on Tuesday. Meanwhile, reserves in Cushing, Oklahoma, allegedly grew by 404,000 barrels. Gasoline stockpiles added 2.46 million barrels, while distillate inventories slid by 740,000 barrels, according […]
