Wall Street breathed a sigh of relief after Big Tech produced results that were largely not as bad as feared (except for Facebook), but the harder part of this earnings Read more
Tag: basic materials
Why Goldman’s commodity guru Jeff Currie is bullish on oil despite July’s pullback
Global oil prices have declined in July, but Goldman Sachs commodity guru Jeffrey Currie touts a strong upside risk for oil on the back of wide, “unprecedented” spread between physical Read more
What’s in store for commodities after losses in July?
The pullback in most commodity prices in July, with wheat and oil among the decliners, might be an indication that inflation will soon reach its peak, and some commodities could be Read more
Opinion: Green tariffs are now our best hope of beating climate change
BOSTON (Project Syndicate)—Environmental tariffs may be humanity’s last hope for mitigating climate change, which is on course to become increasingly devastating if we do not curb our greenhouse-gas (GHG) emissions. The most straightforward way Read more
Gold, silver rally again in wake of slide in dollar and bond yields
Gold rose again Friday after scoring its biggest daily gain since March on Thursday. Silver also extended its gains after rising nearly 7% on Thursday, which marked its biggest daily Read more
Gold scores biggest one day rally since March, silver jumps nearly 7% due to Fed-inspired ‘short squeeze’
Gold and silver rose sharply on Thursday, with gold logging its biggest one-day percentage gain since March and silver rallying by nearly 7% to finish at its highest price in Read more
Royal Caribbean sees signs food inflation is peaking
Shares of Royal Caribbean Group rallied Thursday, after the cruise operator’s second-quarter results beat expectations, and provided an upbeat assessment of guest activity onboard its ships and for future cruises. Read more
Coursera stock walloped after earnings in latest downbeat signal for online education
Shares of Coursera Inc. tumbled more than 26% in after-hours trading Wednesday after the company, which operates a platform for online courses, delivered a lower-than-expected revenue forecast for the year. Read more
China’s real estate crisis will cause a more severe downturn in iron ore prices: Goldman Sachs
A severe surplus in the iron-ore market caused by the renewed pressure in China’s property market will sink prices of the commodity over the second half of the year, Goldman Read more
Gold trades modestly higher as traders await Fed decision
Gold prices edged higher on Wednesday, but remained mired in a range between $1,700 and $1,750, as investors awaited the Federal Reserve’s latest interest-rate-hike announcement. Price action Gold GC00, -0.19% Read more