Browsing: Business
U.S. crude oil prices increased by 3% due to a production stop in Libya and ongoing Middle East tensions.
Following Powell’s remarks, the 10-year Treasury yield remains unchanged, signaling market anticipation of rate cuts.
OPEC chief highlights the synergistic roles of oil and electrification in the global energy mix.
As Wall Street grows bullish, gold prices might hit $3,000 next year, driven by geopolitical tensions and central bank buys.
Amid a weakening dollar and rising expectations of a Fed rate cut, gold prices reached a record high of $2,500.99 per ounce, signaling strong market confidence.
Consumer spending in the U.S. experienced a notable boost in July, with retail sectors like autos and electronics leading the gains.
UAE’s IPOs raise a robust $890 million in Q2 2024, with significant listings on the Abu Dhabi and Dubai exchanges.
Stock markets rebound as Dow and S&P 500 climb, driven by robust retail sales and promising labor data, signaling a decrease in recession fears and restoring investor confidence.
Starbucks’ shares soar 24% as Chipotle’s Brian Niccol is announced as the new CEO, marking a significant leadership transition.
Positive inflation data drives a 317-point surge in the Dow, hinting at a stabilizing economic environment.