An Hour Ago Gold prices soar to record high on hopes of Fed cut Gold prices extended their rally on Monday, scaling to a new record. The optimism was helped by U.S. interest rate cut expectations and bullion’s appeal as a safe haven asset. Spot gold added 1.32% to trade at $2,265.53 per ounce. U.S. … Read more
During the recent Remarketing Expert Track on March 7th, 2024, Dr. Christof Engelskirchen, Chief Economist at Autovista Group, delivered an insightful outlook on the European market and shared essential forecasts on emerging concerns. “Slowbalisation” In his presentation, Mr. Engelskirchen offered a perspective on the used vehicle market by juxtaposing current trends with the pre-pandemic era. … Read more
4 Mins Ago UAE keeps eyes on ambitious growth target UAE Economy Minister Abdullah bin Touq al Marri has doubled down on Abu Dhabi’s intentions to chase economic growth of 7% of the national GDP in 2024, with a focus on expanding the country’s revenue streams. “On non-oil GDP we’re doing really above 5% and … Read more
Beginning January 8, Today in Energy will encompass a broader range of analysis. Pieces previously published as This Week in Petroleum, the Electricity Monthly Update, and the Natural Gas Weekly Update’s In the News will now fall under Today in Energy. We consolidated these products to provide timely analysis on a variety of fuels … Read more
Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. Marco Bello | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
Shoppers pass a promotional sign for ‘Black Friday’ sales discounts in London, on November 23, 2018. Ben Stansall | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
2 Hours Ago China’s manufacturing activity unexpectedly expands in November: Caixin survey Workers assemble mini excavators in a factory of heavy machinery in Suzhou in east China’s Jiangsu province on Oct. 23, 2023. Future Publishing | Future Publishing | Getty Images China’s manufacturing sector unexpectedly expanded in November, according to a survey by Caixin. The Caixin … Read more
An Hour Ago China official PMI unexpectedly weakens for a second straight month in November China’s factory activity shrank for a second straight month in November, signaling that the world’s second-largest economy is not yet out of the woods and may require more muscular policy support. The official manufacturing purchasing managers’ index fell slightly to … Read more
4 Hours Ago Major indexes head for best monthly performances this year Despite muted trading on Tuesday, the three major indexes are on track to post major monthly gains. The Dow is poised to finish the November trading month, which concludes with Thursday’s closing bell, 6.9% higher. That would amount to the best monthly performance … Read more
An Hour Ago Indonesian rupiah dips a day after central bank holds interest rates The Indonesian rupiah dipped 0.10% to 15,565 against the dollar on Friday, a day after the country’s central bank kept its rates steady, as expected. Bank Indonesia left its benchmark 7-day reverse repurchase rate at 6%, meeting expectations of economists polled … Read more