Oil prices jumped on Tuesday as a massive storm hit crude production and operations at refineries in the US Gulf Coast. Meanwhile, gold prices fell, but remained near their recent record highs above the $5,100 per ounce level. Silver prices on COMEX also fell sharply after hitting a record high of $113.438 per ounce earlier
Global markets delivered a mixed picture on Wednesday, with Asia-Pacific stocks diverging from Wall Street’s record-setting close, commodities surging to fresh highs, currencies swinging on US dollar weakness, and corporate uncertainty resurfacing at Amazon after a prematurely sent internal email fueled layoff fears. Asian markets mixed as Wall Street hits record Asia-Pacific markets traded mixed,
Gold’s blistering run is likely to continue as prices breached the $5,200 per ounce mark on Wednesday for the first time in history. Meanwhile, silver prices on COMEX also climbed above $116 per ounce for the first time earlier on Wednesday as the white metal continued its record-shattering run. Experts believe that both metals have
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Shell and BP are actively pursuing US licenses to begin extracting natural gas from shared fields in Trinidad and Tobago and Venezuela, the Caribbean country’s energy minister Roodal Moonilal announced on Wednesday, according to a Reuters report. As Latin America’s top exporter of liquefied natural gas and a major global supplier of ammonia and methanol,
Amazon.com Inc. said on Wednesday it plans to cut about 16,000 corporate jobs, marking a second major round of layoffs in three months as the company moves to streamline management layers and accelerate the adoption of artificial intelligence across its operations. The latest reductions deepen a restructuring effort that began last year and underscore how
“I was doing Dry January for the trend and health benefits, but now that I have been laid off, I think this is more of a financial necessity,” joked London-based Callum Hill, recently cut by one of the UK’s fintech majors. The line lands lightly, but it captures a deeper shift rippling through labour markets:
US stock index futures climbed on Wednesday as investors positioned ahead of the Federal Reserve’s interest rate decision and a closely watched slate of earnings from major technology companies, with artificial intelligence-linked stocks driving early momentum. Futures tied to the S&P 500 rose about 0.3%, while Nasdaq 100 futures gained roughly 0.9%, putting the tech-heavy
Silver has been in an unusually strong uptrend in recent weeks – rallying more than 60% since the start of this year, effectively compressing a multi-year move into less than 30 days. Speaking this morning with CNBC, Tom Sosnoff – the cofounder of LossDog – agreed this massive rally in silver is unlike anything he’s
Seagate Technology’s shares surged in premarket trading on Wednesday after the hard drive maker forecast third-quarter revenue and profit above Wall Street expectations. The stock rose 10.3% to $410.05 before the opening bell. Seagate had already closed at a fresh record high in the previous session, ahead of quarterly results released after the market close.