Commodity wrap: silver hits new record high, dwarfing gold’s rise; oil prices up post CME outage chaos
Gold prices rose to a two-week high and were on track for a fourth consecutive monthly high on rising bets…
Intel stock jumps as tech analyst says Apple may tap its foundry for future M-series chips
Intel Corp. shares rose more than 8% on Friday after noted technology analyst Ming-Chi Kuo of TF International Securities said…
Starbucks faces pressure as workers escalate strike across 120 stores ahead of Black Friday
Starbucks is facing mounting pressure as its workers’ union escalates an ongoing strike to more than 120 US stores across…
Goldman Sachs’ Struyven sees gold hitting $4,900 on central bank and Fed tailwinds
Gold prices are forecast to rise to $4,900 per ounce next year, according to Daan Struyven, head of oil research…
German consumer sentiment trends shift as shoppers plan cautious holiday spending
Germany is moving into December with a slight lift in consumer sentiment as households prepare for the holiday season. A…
Puma shares jumps 13% on report Anta Sports exploring acquisition
Puma shares rallied more than 13% on Thursday after reports that Chinese sportswear giant Anta Sports is weighing a potential…
EU conflict looms as Italy moves to declare gold reserves state property
Italian lawmakers are pushing ahead with a controversial claim that the central bank’s $300 billion in gold reserves should be…
America’s trillion dollar promise: Is the “Trump Effect” real?
The White House claims that Trump’s “America First” policies are bringing in trillions of dollars in new investments into the…
Thailand floods slash rubber output by up to 90,000 tons, driving global supply concerns
Severe floods in Thailand’s southern region are expected to slash rubber production in the world’s largest producer by up to…
Venezuela revokes flight permits for six airlines after US safety warning
After six big foreign carriers stopped flights to the country due to a recommendation from the US Federal Aviation Administration (FAA),…