Gold futures fell Friday and were on track for a weekly decline as a 75 basis point interest rate rise by the Federal Reserve next month looked to be locked Read more
Tag: basic materials
Wells Fargo failing customers as Zelle scams soar, Sen. Warren charges in letter
Sen. Elizabeth Warren is tightening the pressure on Wells Fargo CEO Charles Scharf, just one among major bank executives that the Massachusetts Democrat is targeting amid evidence of repeat fraud Read more
Why stocks scored a historic bounce after another hot inflation report
Stock-market investors can be forgiven for feeling a little dizzy after a day that saw stocks plunge in reaction to another round of hotter-than-expected inflation data only to surge higher Read more
Gold, silver advance as investors await September inflation reading
Gold and silver prices edged up early Thursday as Treasury yields slipped while investors awaited the release of the U.S. September consumer price inflation data. Price action Gold futures due Read more
Taiwan Semi reports stronger-than-forecast profit
Third-party silicon-wafer manufacturer reported Taiwan Semiconductor Manufacturing Co. reported a stronger-than-forecast 80% increase in profit for the third quarter. The chipmaker said earnings rose to NT$281 billion from NT$156 billion. TSMC Read more
Dow edges up despite higher-than-expected inflation data
U.S. stock indexes traded mixed on Wednesday, while hotter-than-expected producer price inflation data deepened concerns that the Federal Reserve may continue its aggressive interest rate hikes. How are stock-index futures Read more
U.S. stocks edge up despite higher-than-expected inflation data
U.S. stock indexes edged up in choppy trading on Wednesday, even though hotter-than-expected inflation data deepened concerns that the Federal Reserve may continue its aggressive interest rate hikes. How are Read more
Gold, silver slip as 10-year Treasury yield nears 4%
Gold and silver prices slipped on Wednesday as U.S. Treasury yields edged higher, with the yield on the 10-year note nearing 4%. Price action Gold for December GCZ22, -0.56% delivery shed Read more
Helena Bonham-Carter’s cousin indicted for allegedly helping Russian oligarch evade sanctions
A UK property manager who is a relative of Oscar-nominated actress Helena Bonham Carter, has been indicted in the U.S. for allegedly helping Russian oligarch Oleg Deripaska evade sanctions. Graham Read more
Gold prices head for a third consecutive loss as U.S. inflation data looms
Gold edged lower on Tuesday as anxieties about further interest rate rises by the Federal Reserve in the face of high inflation set prices up for a third consecutive decline. Read more