Gold steadies on dollar pullback; Fed rate increase fears weigh
Two Argor-Heraeus SA 250 gram gold bars at Solar Capital Gold Zrt. arranged in Budapest, Hungary, on Tuesday, March 22, 2022. Akos Stiller | Bloomberg | Getty ImagesGold prices edged higher on Thursday due to a slight pullback in the dollar and bond yields, although gains were kept in check by evidence of a resilient U.S. […]
Gold drops to over 1-month low as rate-hike bets fuel dollar
Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander ManzyukAlexander Manzyuk | ReutersGold prices dropped to their lowest in over a month on Wednesday, weighed down by a stronger dollar as better-than-expected U.S. economic data raised worries […]
IMF chief warns world is a very different place after crises like Covid
‘Think of the unthinkable’: IMF chief warns world is a very different place after crises like Covid.Bloomberg / Contributor / Getty ImagesThe Managing Director of the IMF warned that we need to “think of the unthinkable,” as we live in “a more shock-prone world” impacted by the Covid-19 pandemic, Russia’s invasion of Ukraine and the […]
Gold eases on firm dollar as U.S. inflation test looms
Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander ManzyukAlexander Manzyuk | ReutersGold prices inched lower as the dollar firmed on Monday, although traders held off on big bets as they positioned themselves for key U.S. inflation […]
A new inflation warning for consumers coming from the supply chain
An Optoro warehouse in Tennessee that handles returns for retailers.Source: Matt Adams | OptoroAs the markets prepare for the latest consumer price index data on Tuesday, logistics managers are warning of a persistent source of inflation in the supply chain, and saying consumers should be ready for the impact it will have on their wallets. […]
Wholesale egg prices have ‘collapsed’ from record highs in December
Egg shelves in New York on Jan. 21, 2023 with a note apologizing to customers for the price increase.Fatih Aktas/Anadolu Agency via Getty ImagesWholesale egg prices have cratered in recent weeks from record highs, meaning consumers may soon see relief at the grocery store.But the dynamics of egg pricing from the wholesale to retail market, […]
There isn’t enough copper in the world, shortage could last until 2030
A copper master and his copper products at the Coppersmith Bazaar in Baghdad, Iraq on March 15, 2022.Murtadha Al-Sudani | Anadolu Agency | Getty ImagesA copper deficit is set to inundate global markets throughout 2023 — and one analyst predicts the shortfall could potentially extend throughout the rest of the decade.The world is currently facing […]
Chegg, Baidu, Bed Bath & Beyond, Hertz and more
A screen displays the Hertz logo during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York, November 9, 2021.Brendan McDermid | ReutersCheck out the companies making headlines before the bell:Chegg — Shares dropped 22.7% following its earnings report Monday . The company gave first-quarter and full-year revenue guidance that […]
Stocks moving big after hours: PINS, CHGG, TTWO
Andrew Harrer | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell: Pinterest — The social media stock shed more than 7% after revenue for the recent quarter fell short of analysts’ expectations. Pinterest also shared guidance for the first quarter that was lighter than expected and said it expects sales to increase […]
Stocks moving big midday: DELL, ON, PYPL
The PayPal logo displayed on a smartphone screen with a stock market graphic in the background.Omar Marques | SOPA Images | LightRocket | Getty ImagesCheck out the companies making headlines in midday trading Monday.On Semiconductor — Shares gained more than 1% after the company reported earnings Monday that beat Wall Street estimates. The company posted […]