Browsing: Business

Gold prices rebounded Thursday from a six-month low as traders tracked U.S. inflation data, interest rate expectations and firm oil prices. Spot gold rose 0.5% to $4,095.64 an ounce by 0558 GMT. Earlier in the session, bullion touched $4,022.09, its lowest

U.S. stocks closed mixed Tuesday as renewed pressure on technology and semiconductor shares pulled the S&P 500 and Nasdaq Composite lower. The Dow Jones Industrial Average rose 86.10 points, or 0.17%, to 50,872.11. The S&P 500 fell 19.08 points, or 0.26%, to 7,386.65. The

Global oil prices fell sharply as Brent crude futures dropped more than 4% during trading before settling lower, extending volatility in energy markets tied to Middle East supply routes. Brent closed down 3% at $91.45 a barrel after touching its lowest level since

The World Economic Forum said geoeconomic fragmentation now costs the global economy $213 billion to $307 billion each year. The estimate appears in its new report, Deepening Divides: The Cost of a More Fragmented Financial System. The report said current trade and

Gold prices advanced Thursday as a softer U.S. dollar and lower crude oil prices supported bullion, with trading across precious metals reflecting shifts in currency and energy markets. Spot gold rose 0.8 percent to $4,468.84 per ounce, while U.S. gold futures for

Oil prices declined in early Asian trading on Thursday as benchmark crude futures retreated from the previous session’s gains, with markets assessing confirmed Middle East developments and U.S. inventory data. Brent crude futures fell 87 cents, or 0.89 percent, to $96.92 a

OpenAI’s ChatGPT reached 1 billion monthly active app users worldwide in May 2026, according to data from market intelligence firm Sensor Tower, marking the fastest rise to that level recorded for a consumer app. The estimate places ChatGPT among the largest

Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, has renewed his warning that U.S. equities are vulnerable after a prolonged advance that left major benchmarks trading near record levels. In a published interview, Schiff described the

The U.S. dollar held steady on Tuesday as global currency markets remained largely rangebound, with traders tracking Middle East diplomacy, energy prices and the U.S. economic calendar. The dollar index, which measures the currency against a basket of major peers, was near

Gold prices rose on Tuesday as U.S. Treasury yields eased, lifting demand for bullion after recent pressure from elevated rates and a firmer dollar. Spot gold advanced 0.8 percent to $4,517.73 per ounce, while U.S. gold futures for August delivery climbed 0.9