Gold strengthened its position on Wednesday morning in Asia. Investors shifted their attention to U.S. inflation data after Federal Reserve’s Chairman Jerome Powell set a less hawkish tone and reiterated that the central bank would tackle inflation. Gold futures rose 0.01% to $1,818.75 by 11:39 PM ET (4:39 AM GMT). The U.S. currency, which usually …
Gold Futures Gained 0.1% Thanks to a Combination of Factors Read More »
InvestorsThere are thousands of books for experienced as well as inexperienced investors. It is all but impossible to discuss all of them in one article. So, let’s focus on several interesting books. The first book is Burton G. Malkiel’s A Random Walk Down Wall Street. His book continues to be at the top of reading …
Oil prices jumped on Tuesday, supported by tight supply as well as hopes that rising coronavirus cases and the spread of the Omicron variant will not affect a global demand recovery. OPEC supply additions are running below their allowed increase as part of a pact with allies as some countries are struggling to increase output. …
Volkswagen, as well as its rivals, understand the importance of electric cars. It aims to double sales of its ID battery electric vehicles in China this year and aims to do even better, but A shortage of semiconductors could hamstring Volkswagen. The ID series, which Volkswagen produces at its Chinese joint ventures with SAIC Motor …
Volkswagen Wants to Sell More Electric Cars in China Read More »
European stocks rose on Tuesday as investors waited for the subsequent U.S. inflation reading on Wednesday. They also monitor comments from the U.S. Federal Reserve. The pan-European Stoxx 600 added 1% by noon, mostly recouping the 1.3% decline by Monday’s close. Tech stocks gained 2.3% to lead gains as most sec and major bouses entered …
European Stocks Rose As Investors Monitor Inflation Data Read More »
KFC will add a new dish to its menu from January 10. The company will launch the plant-based fried chicken nugget alternative, called Beyond Fried Chicken for a limited time. Unsurprisingly, it is counting on clients making healthier choices to fulfill typical New Year’s resolutions. More and more people are embracing a so-called flexitarian diet …
KFC Will Launch Plant-Based Fried Chicken in the U.S. Read More »
Toyota Motor Corporation commonly known as simply Toyota outsold General Motors Company in 2021, marking the first time General Motors has not led U.S. auto sales for a full year since 1931. In 2021, Toyota sold 2.332 million vehicles in the United States. Its rival General Motors sold 2.218 million vehicles. The company’s U.S. sales …
Toyota Outsold General Motors for the First Time Read More »
Employees left their jobs in record numbers in November based on the information provided by the Labor Department. The so-called quits level jumped to 4.53 million for the month, according to the department’s Job Openings and Labor Turnover Survey. More people quit their jobs in November than in October. Moreover, in the first month of …
Millions of Employees Quit Their Jobs in November Read More »
Oil prices rose on January 5, rising towards $81 a barrel after OPEC+ producers adhered to an agreed output target rise for February and investors analyzed the impact of the Omicron variant of Covid-19. Brent crude futures gained 65 cents or 0.81% to $80.65 a barrel by 13:17 GMT. U.S. West Texas Intermediate (WTI) crude …
Stocks in Asia-Pacific were mixed on January 5, as technology stocks in the region came under pressure amid rising U.S. bond yields. Hong Kong-listed shares of Tencent dropped 4.31% on January 5. One day earlier, the tech giant announced that it will be divesting 2.6% of its equity interest in Sea Limited. Shares of other …
The Ethics in Government Act requires many elected officials on a yearly basis to file a financial disclosure statement that reveals their various assets, investments as well as business interests. Unsurprisingly, senators are one of the groups of people who must make this disclosure. Thanks to such documents people have the opportunity to learn more …
China’s factory activity surpassed expectations in the last month of 2021, driven by production hikes and easing price pressures, but a weaker job market and business confidence added uncertainty, a private survey showed on Tuesday. The Caixin/Markit Manufacturing Purchasing Managers’ index (PMI) reached 50.9 in December. The index reached its best result in June. Economists …
U.S. stocks jumped on Monday as investors began 2022 by betting the economy could overcome the latest surge in Covid cases and lifted two of their favorite stocks to significant milestones. Shares of Apple rose to become the first company ever with a $3 trillion market valuation. Meanwhile, shares of Tesla gained 13.5%. Apple’s shares …
U.S. Stocks Rose on the First Trading Day of the Year Read More »
Oil prices declined on Tuesday as investors embraced expectations that major oil producers will confirm a plan to add supply at a meeting on Tuesday amid diminishing concerns regarding the spread of the omicron variant of Covid-19. Brent crude futures dropped 25 cents to $78.74 a barrel at 07:39 GMT. U.S. West Texas Intermediate (WTI) …
Oil Prices Fell as Investors Monitored Producers’ Meeting Read More »
Stocks in Asia-Pacific were mixed on January 3 as trading in 2022 kicked off, with some major markets in the region closed. In Hong Kong, the Hang Seng index dropped 0.53% to end its trading day at 23,274.75. China’s one of the major real estate developers, China Evergrande Group, suspended trading in Hong Kong on …
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