[ad_1] Copper prices have already recouped most of what they lost in all of 2022, buoyed by prospects for higher demand from China as it eases Covid-19 restrictions. [ad_2] Image…
[ad_1] The number: U.S. industrial production fell 0.7% in December, the Federal Reserve reported Wednesday. It is the biggest monthly decline since September 2021. The decline was steeper than economists…
[ad_1] Broadcom Inc. shares fell Tuesday following reports that Apple Inc. was working on its own radiofrequency (RF) chips, but one analyst wondered whether those plans would get shelved if…
[ad_1] Gold prices kicked off the first full trading week of 2023 at their highest level intraday since early May as a rally driven by a softer dollar and hopes…
[ad_1] Qualcomm Inc. is looking to leapfrog Apple Inc. by offering emergency satellite phone service using Android smartphones, with specific product announcements expected by the middle of the year. At…
[ad_1] The numbers: Mortgage rates rose in the first week of 2023, as mortgage applications sank to multi-decade lows. The 30-year fixed-rate mortgage averaged 6.48% as of Jan. 5, according…
[ad_1] Gold prices settled higher Friday ahead of a long holiday weekend, as the latest U.S. inflation data showed signs of cooling, but not enough to quell expectations the Federal…
[ad_1] U.S. stock futures advanced on Wednesday, with Wall Street poised to build on its climb out of a four-straight losing hole as the long Christmas weekend nears. Well-received results…
[ad_1] The numbers: Mortgage rates continue to inch downwards, providing some relief to prospective homeowners. The 30-year fixed-rate mortgage averaged 6.31% as of Dec. 15, according to data released by…
[ad_1] Gold prices edged higher on Friday, on track to mark their highest finish in just over a week, after the U.S. November producer-price inflation came in slightly higher than…
[ad_1] Anglo American PLC said Friday that 2022 production was down by around 3% as the Quellaveco copper ramp-up and strong diamond production was offset by ore grades in Chile…
[ad_1] Investors already fretting the Federal Reserve’s monetary tightening path should brace for interest rates to keep climbing through May 2023, and to forget about any rate cuts next year,…
[ad_1] The outlook for cruise stocks is still “more positive than not,” according to JPMorgan analyst Daniel Adam, but given macroeconomic and financial concerns in the sector, not all names…
[ad_1] Investors should buy Zillow Group Inc. now, UBS says, even if they have to wait a year before the U.S. housing market starts improving. Analyst Lloyd Walmsley initiated research…
[ad_1] Top U.S. lawmakers on Tuesday indicated that Congress would intervene and block a railroad strike, with their comments coming a day after President Joe Biden called on the House…
[ad_1] U.S. stock-index futures sank Sunday night, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average futures…
[ad_1] Senior officials at the Federal Reserve expect smaller increases in interest rates will “soon be appropriate” as the threat of recession grows. Although the Fed still expects rates to…
[ad_1] It’s too late to buy an Apple iPhone 14 Pro or Pro Max in time for Christmas, as supply disruptions have caused wait times to double over the past…
[ad_1] “‘I think we’re going to see Congress panic and step in here at some point next week, unfortunately.’” — SMART Transportation Division President Jeremy Ferguson The president of the…
[ad_1] TuSimple Holdings Inc. co-founder Mo Chen has taken control of the self-driving trucking company as federal authorities continue to investigate TuSimple’s relationship with Chen’s other startup, a Chinese hydrogen-trucking company. A TuSimple TSP,…
[ad_1] Tesla Inc.’s former country director in Australia pleaded guilty in a Sydney court to two counts of insider trading, having bought shares in Belmont, N.C.-based Piedmont Lithium Inc. after…
[ad_1] Inflation is cooling, but shelter makes up the lion’s share. Headline inflation fell by more than expected last month. In October, prices rose by 7.7% on the year in…
[ad_1] Gold prices on Friday marked another finish at their highest since August, up more than 5% for the week, as expectations that the Federal Reserve might slow the pace…
[ad_1] Gold futures tumbled on Thursday as the U.S. dollar and Treasury yields advanced after the Federal Reserve delivered its fourth 75 basis point interest rate hike since the start…
Commodities Corner: What’s behind copper’s impressive rise?
[ad_1] Copper prices have already recouped most of what they lost in all of 2022, buoyed by prospects for higher demand from China as it eases Covid-19 restrictions. [ad_2] Image…
U.S. industrial output falls sharply in December
[ad_1] The number: U.S. industrial production fell 0.7% in December, the Federal Reserve reported Wednesday. It is the biggest monthly decline since September 2021. The decline was steeper than economists…
Could Apple WiFi chips just be a ploy to get a better deal from Broadcom?
[ad_1] Broadcom Inc. shares fell Tuesday following reports that Apple Inc. was working on its own radiofrequency (RF) chips, but one analyst wondered whether those plans would get shelved if…
Gold prices rise to 7-month high as dollar weakens
[ad_1] Gold prices kicked off the first full trading week of 2023 at their highest level intraday since early May as a rally driven by a softer dollar and hopes…
Qualcomm jumps into emergency services with Snapdragon Satellite, in cooperation with Iridium
[ad_1] Qualcomm Inc. is looking to leapfrog Apple Inc. by offering emergency satellite phone service using Android smartphones, with specific product announcements expected by the middle of the year. At…
Mortgage rates inch up. ‘Homebuyers are waiting for rates to decrease more significantly,’ Freddie Mac says.
[ad_1] The numbers: Mortgage rates rose in the first week of 2023, as mortgage applications sank to multi-decade lows. The 30-year fixed-rate mortgage averaged 6.48% as of Jan. 5, according…
Gold ends the week above $1,800 level as U.S. inflation data shows signs of cooling
[ad_1] Gold prices settled higher Friday ahead of a long holiday weekend, as the latest U.S. inflation data showed signs of cooling, but not enough to quell expectations the Federal…
Dow futures climb over 200 points after Wall Street snaps a losing run
[ad_1] U.S. stock futures advanced on Wednesday, with Wall Street poised to build on its climb out of a four-straight losing hole as the long Christmas weekend nears. Well-received results…
‘Good news for the housing market’: Mortgage rates edge downwards, providing relief to potential buyers
[ad_1] The numbers: Mortgage rates continue to inch downwards, providing some relief to prospective homeowners. The 30-year fixed-rate mortgage averaged 6.31% as of Dec. 15, according to data released by…
Gold prices on track for highest finish in a week after U.S. inflation data
[ad_1] Gold prices edged higher on Friday, on track to mark their highest finish in just over a week, after the U.S. November producer-price inflation came in slightly higher than…
Anglo American sees 2022 production down 3%
[ad_1] Anglo American PLC said Friday that 2022 production was down by around 3% as the Quellaveco copper ramp-up and strong diamond production was offset by ore grades in Chile…
‘No cuts until 2024,’ says Goldman economist about Fed’s likely path on interest rates
[ad_1] Investors already fretting the Federal Reserve’s monetary tightening path should brace for interest rates to keep climbing through May 2023, and to forget about any rate cuts next year,…
Why this cruise stock remains JPMorgan’s favorite as leisure travel keeps roaring
[ad_1] The outlook for cruise stocks is still “more positive than not,” according to JPMorgan analyst Daniel Adam, but given macroeconomic and financial concerns in the sector, not all names…
Buy Zillow stock, UBS says, as ‘maximum uncertainty’ presents a good entry point
[ad_1] Investors should buy Zillow Group Inc. now, UBS says, even if they have to wait a year before the U.S. housing market starts improving. Analyst Lloyd Walmsley initiated research…
Congress looks on track to avert rail strike
[ad_1] Top U.S. lawmakers on Tuesday indicated that Congress would intervene and block a railroad strike, with their comments coming a day after President Joe Biden called on the House…
U.S. stock futures fall as Chinese protests rattle markets, oil hits 2022 low
[ad_1] U.S. stock-index futures sank Sunday night, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average futures…
Fed eyes slower rate hikes as recession threat grows
[ad_1] Senior officials at the Federal Reserve expect smaller increases in interest rates will “soon be appropriate” as the threat of recession grows. Although the Fed still expects rates to…
Apple iPhone wait times have doubled to after Christmas, UBS says
[ad_1] It’s too late to buy an Apple iPhone 14 Pro or Pro Max in time for Christmas, as supply disruptions have caused wait times to double over the past…
‘I think we’re going to see Congress panic and step in’: rail union president predicts intervention as strike looms
[ad_1] “‘I think we’re going to see Congress panic and step in here at some point next week, unfortunately.’” — SMART Transportation Division President Jeremy Ferguson The president of the…
Co-founder takes control of TuSimple amid federal probe into self-driving trucking company
[ad_1] TuSimple Holdings Inc. co-founder Mo Chen has taken control of the self-driving trucking company as federal authorities continue to investigate TuSimple’s relationship with Chen’s other startup, a Chinese hydrogen-trucking company. A TuSimple TSP,…
Former Tesla Australia director pleads guilty to insider trading on lithium deal
[ad_1] Tesla Inc.’s former country director in Australia pleaded guilty in a Sydney court to two counts of insider trading, having bought shares in Belmont, N.C.-based Piedmont Lithium Inc. after…
New homeowners and renters bear the brunt of October inflation — they’re cutting back on eating out, entertainment and vacations to beat rising costs
[ad_1] Inflation is cooling, but shelter makes up the lion’s share. Headline inflation fell by more than expected last month. In October, prices rose by 7.7% on the year in…
Gold settles with a more than 5% weekly gain as the dollar softens to a 2-month low
[ad_1] Gold prices on Friday marked another finish at their highest since August, up more than 5% for the week, as expectations that the Federal Reserve might slow the pace…
‘I still think we are in a bear market,’ says billionaire investor Carl Icahn of post-CPI market rally
[ad_1] “A rally like this is of course very dramatic to say the least… but I still think we are in a bear market.” That was Wall Street icon Carl…
Gold prices end at lowest in 2 1/2 years as dollar rises in wake of Fed’s 4th jumbo interest rate hike
[ad_1] Gold futures tumbled on Thursday as the U.S. dollar and Treasury yields advanced after the Federal Reserve delivered its fourth 75 basis point interest rate hike since the start…