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Oil prices climbed for a second consecutive day on Thursday, driven by optimism surrounding the anticipated uptick in demand in the United States, the world’s largest oil consumer. This optimism stems from expectations of refineries’ efforts to resume operations following recent outages, coupled with the weakening of the dollar. At 0740 GMT, Brent crude futures […]
NEW YORK (Reuters) -Oil prices gained about 2% on Friday as Iraq voiced support for OPEC+’s oil cuts ahead of a meeting in two weeks and as some speculators covered massive short positions ahead of weekend uncertainty. Still, prices settled with weekly losses of 4%, their third straight weekly decline. “This was the perfect technical […]
U.Today – has witnessed a notable price movement, breaching the $2,000 threshold. The significant market activity coincides with Ethereum cofounder Vitalik Buterin’s recent transfer of 50 ETH, valued at approximately $106,000, to Coinbase (NASDAQ:COIN) Custody. It is important to note that such a transfer does not inherently indicate an intent to sell the assets; instead, it […]
(Reuters) – Alphabet (NASDAQ:GOOGL)’s Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital to train models and keep up with user demand, two sources briefed on the matter told Reuters. The investment, which could be structured as convertible notes, according […]
Crude dives for second-weekly loss as Middle East risk premium deflates The two crude benchmarks fell 4% and 6% respectively, marking their second consecutive week in red, after a lack of escalation in the Israel-Hamas war eased worries about a disruption to supplies in the Middle East. Israel was still carrying out a major ground […]
Gold prices stayed close to the $2,000 mark today, buoyed by investors seeking safe-haven assets due to the ongoing conflict in the Middle East and ahead of the U.S. Federal Reserve’s policy meeting this week. Despite Israeli forces attacking Gaza’s main northern city, spot gold experienced a minor dip of 0.4% to $1,998.39 per ounce. On the […]
In recent discussions with Paul Tudor Jones, Stanley Druckenmiller, the founder of Duquesne Capital Management, has shown an optimistic outlook toward Bitcoin‘s potential as a secure store of value. He equated Bitcoin and gold, despite currently only owning the latter. This comes after his past ownership and subsequent liquidation of Bitcoin due to restrictions imposed by […]
WASHINGTON (Reuters) -Google CEO Sundar Pichai on Monday acknowledged the importance of making its search engine the default in keeping users loyal — a key point in a once-in-a generation U.S. antitrust fight focused on billions of dollars Google (NASDAQ:GOOGL) paid to be the default on laptops and smartphones. Google, which started paying for default […]
(Reuters) -Shares of Ford Motor (NYSE:F) Co closed down 12.3% on Friday, after the automaker reported a wider loss from its electric-vehicle (EV) business due to pressures from a price war, sparked by industry leader Tesla (NASDAQ:TSLA). The Detroit automaker also pulled its 2023 forecast, citing “uncertainty” over the pending ratification of its new labor […]
The Dow Jones Industrial Average fell 1% or 337 points and the Nasdaq rose 0.4%. The S&P 500 fell 0.4% to close in correction territory at 4,118.93. S&P 500 closes in correction territory as tech bid fades despite Amazon, Intel surge The S&P 500 has racked up a more than 10% loss from its July peak of 4,588.96 to close in […]