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
“Vessel at anchor and all crew are safe,” the UKMTO said. Houthi militants later claimed the attack, with spokesperson Yahya Sare’e identifying the vessel as general cargo ship Rubymar and describing it as British. VesselFinder and MarineTraffic.com data indicate the ship sails under the flag of Belize. Houthi forces have previously said they are targeting … Read more
Pipelines and oil storage tanks in Cushing, Okla. Justin Solomon | CNBC Oil prices rallied Thursday as demand expectations rose on strong U.S. economic growth and stimulus in China, while the supply side tightened on falling crude inventories due to winter storms. The West Texas Intermediate contract for March rose $2.27, or 3.02%, to settle … 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
My top 10 things to watch Monday, Nov. 6 1. U.S. stocks tick up in premarket trading Monday, with S & P 500 futures up 0.16%, after equities rallied more than 5% last week. It’s the aftermath of the bulls’ victory — and here’s how the market can build on its best week of the … Read more
An Hour Ago CNBC Pro: There’s a ‘game of thrones’ in AI — but these Chinese tech giants offer ‘a lot of value,’ says tech veteran China’s tech giants may be reeling from the regulatory clampdowns, but they still have “a lot of value,” according to veteran analyst Dan Ives. The managing director and senior … Read more
Fri, Oct 20 2023 1:34 AM EDT Malaysia inflation rate slides to lowest since March 2021 Malaysia’s consumer price index recorded a 1.9% increase year on year for September, lower than the 2% in August and also lower than the 2.2% expected by a Reuters poll. This is lowest rate of inflation the country has … Read more