News

Posted on October 22, 2024 by James Miller

Oil prices increased 2% on Monday following a decline of nearly 8% last week. Brent crude rose above $74 a barrel, while West Texas Intermediate surpassed $70. The uptick comes as tensions in the Middle East escalated, with Israel planning retaliation against Iran after a missile attack at the start of October. Over the weekend, […]

Posted on October 17, 2024 by James Miller

The European Central Bank (ECB) has lowered its interest rates again, reducing the benchmark rate from 3.5% to 3.25%. This decision, announced at a meeting in Ljubljana, Slovenia, marks the third rate cut since June and comes in response to inflation in the eurozone dropping to its lowest level in over three years. In September, […]

Posted on October 17, 2024 by James Miller

Billionaire Gautam Adani’s conglomerate, Adani Group, has postponed its planned re-entry into the dollar bond market with a new offering from its clean-energy sector. The group had been marketing a 20-year green bond by Adani Green Energy Ltd., intended to refinance foreign-currency loans and strengthen the company’s financial stability. The postponement comes after investors pushed […]

Posted on October 9, 2024 by James Miller

Gold prices fell by more than 1% on Tuesday, marking their largest drop in over a month. This decline came after recent U.S. employment data lowered expectations for a large interest rate cut from the Federal Reserve. Spot gold dropped 1.1% to $2,614.49 per ounce, marking its fifth consecutive session of losses and moving further […]

Posted on October 8, 2024 by James Miller

On Tuesday, U.S. government bond yields stabilized, with longer-dated yields hovering near their highest levels since late July. Short-term yields, which are sensitive to Federal Reserve policy changes, declined slightly as traders adjusted their expectations for gradual rate cuts. Investors are focusing on upcoming inflation data expected later this week, which could influence the Fed’s […]

Posted on October 3, 2024 by James Miller

Gold prices experienced a historic rise this quarter, fueled by U.S. monetary policy changes and heightened tensions in the Middle East. After hitting an all-time high of $2,685.42 per ounce on Thursday, gold has risen over 13% for the quarter, marking its best performance since early 2020. On Monday, gold took a breather, easing 0.9% […]

Posted on October 3, 2024 by James Miller

Russia’s crude oil production in September fell just below its target under the OPEC+ agreement, reaching 8.97 million barrels per day — a decrease of about 13,000 barrels per day from August — according to sources familiar with the Energy Ministry’s data. This production adjustment comes amid increased efforts by OPEC+ members to comply with […]

Posted on October 3, 2024 by James Miller

CVS Health announced the layoff of approximately 2,900 employees, constituting less than 1% of its total workforce. These layoffs primarily target corporate positions rather than frontline roles in stores, pharmacies, and distribution centers. This move is part of the healthcare giant’s previously announced initiative to streamline operations and reduce costs by $2 billion through enhanced […]

Posted on September 18, 2024 by James Miller

Recently, silver prices experienced a notable surge, topping $31 per ounce for the first time since last July. This marks the metal’s strongest gain since August 2020, climbing by 10% and reaching a two-month high.  Investors are eyeing the potential for silver to climb even higher, driven by several factors. Historically, investors have used the […]

Posted on September 13, 2024 by James Miller

On Thursday, gold spot prices reached $2,554.05 per ounce, rising by 1.7%. The market anticipation of a forthcoming Fed interest rate cut spurred this new record. U.S. gold futures also climbed by 1.5% to settle at $2,580.60. This rise aligns with recently released U.S. economic data showing a slowdown, which bolsters expectations of reduced interest […]