Browsing: Business

Gold rose more than 1% on Thursday, extending a rebound from its lowest level in nearly a month. Spot gold gained 1.1% to $4,434.70 an ounce by 04:25 GMT. U.S. gold futures climbed 1.5% to $4,480.10. The U.S. dollar weakened

Major U.S. stock indexes closed sharply lower as a spike in crude oil prices driven by escalating geopolitical tensions in the Middle East reignited inflation concerns across global equity markets. The blue-chip index posted significant losses as investors evaluated the

U.S. equity indexes held near record levels Wednesday as Wall Street braced for Nvidia’s pivotal second-quarter earnings report. Trading volume remained concentrated in the technology sector as traders balanced elevated valuation metrics against broader macroeconomic indicators, including sticky core inflation

Wall Street’s technology rebound this week gained fresh context after Nvidia released quarterly results Wednesday. Major U.S. indexes had climbed Tuesday as technology and semiconductor shares recovered from the previous session’s decline. The S&P 500 rose 0.31% to 7,676.62. The

The U.S. dollar faced persistent headwinds across global currency markets on Tuesday, unable to maintain overnight gains as major international peers consolidated recent trading ranges. The dollar index, which tracks the greenback against a basket of six major currencies, dipped

Technology giant Apple has released its inaugural public country-by-country tax report for Europe, revealing an extraordinary $17.1 billion income tax contribution in Ireland for the fiscal year ending September 2025. The disclosure comes as part of compliance with new European

U.S. Energy Secretary Chris Wright announced Saturday that the nation has achieved new peaks in domestic crude oil and natural gas extraction, affirming its position as the world’s leading energy producer. In a social media statement, Wright praised the American

WASHINGTON, D.C. / RankWire.AI / – On Thursday, the US dollar hovered close to a three-month minimum, driven by a decline in long-term Treasury yields. The dollar index hovered around 98.81 against a basket of six major currencies. The euro

Gold edged higher in Asian trading Wednesday as U.S. Treasury yields eased from recent highs. Spot gold rose 0.2% to $4,342.33 an ounce at 0030 GMT after falling nearly 2% on Tuesday. December U.S. gold futures slipped 0.6% to $4,396.30

Bank of America has launched a $250 billion initiative aimed at financing vital infrastructure developments across the United States. Spanning 18 months, the program will encompass eligible activities from January 1, 2026, to July 4, 2027, with a focus on