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Oil Prices Subdued Ahead Of OPEC Meeting
Published: 7/29/2024 5:55 AM ET | Oil prices were subdued on Monday, heading into this week’s meeting of the Organization of Petroleum Exporting Countries (OPEC) and its allies.Prices were flat to slightly lower […] This post is only…
Gold Inches Higher As Middle East Tensions Escalate
Gold prices rose toward $2,400 per ounce on Monday as tensions in the Middle East showed little sign of abating.Spot gold edged up 0.2 percent to $2,392.86 per ounce while […] This post is only…
ECONOMIC NEWS: US CPI (Y-o-Y)
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Atlanta Fed Sees U.S. Q3 GDP Growth At 2.8%
The Atlanta Fed released its initial estimate for the third quarter growth based on its GDPNow model on Friday that projected the U.S. economy to grow 2.8 percent in the third quarter.Official […] This post is only…
Oil falls by more than US$1 a barrel as Israel officials seek to avoid broader Middle East war
Oil prices fell by more than $1 a barrel on Monday after Israeli officials said they wanted to avoid dragging the Middle East into an all-out war while responding to […] This post is only…
Calendar: July 29 – Aug 2
Monday, July 29China industrial profitsEarnings include: McDonald’s, Loews, TilrayTuesday, July 30Bank of Japan policy announcement and outlook report (through Wednesday)Euro area GDP July economic confidence. Germany also releases CPI and France […] This post is only…
Nasdaq sells off for a second day as rotation out of tech continues, Russell 2000 rises: Live updates
The Nasdaq Composite dropped for a second day Thursday as Wall Street continued its rotation out of technology stocks.The Nasdaq Composite fell 1.5%, while the S&P 500 declined 0.6%. The Dow Jones Industrial Average rose 130 […] This post is only…
Cryptocurrencies suffer alongside tech stock rout, ether slides 6%
Cryptocurrencies fell one day after a reversal in technology stocks pushed the S&P 500 and Nasdaq Composite to their worst day since 2022.Bitcoin was lower by 2% at $64,299.18 early Thursday, according […] This post is only…
U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Real gross domestic product increased at a 2.8% annualized pace in the second quarter, above the 2.1% forecast. The personal consumption expenditures price index, a key measure for the Fed, […] This post is only…