Browsing: Business

NEW YORK: Gold steadied on Friday and remained on track for a third straight weekly gain, with spot bullion holding near $4,764.54 an ounce and June U.S. gold futures around $4,787.80. The metal was up about 1.8% for the week,

WASHINGTON: President Donald Trump has revised U.S. Section 232 tariffs on steel, aluminum and copper, lowering duties on many derivative products while keeping a 50% tariff in place for core metal imports. The White House said the changes were set

AUSTIN: Oracle has begun a new round of layoffs, including 491 positions in Washington state, as the software company continues to commit tens of billions of dollars to cloud and artificial intelligence infrastructure. A notice filed with Washington labor authorities

NEW YORK: Gold prices steadied on March 31 after a sharp monthly selloff that marked bullion’s worst month since October 2008, underscoring how quickly one of the market’s strongest trades turned lower after its record run earlier this year. Spot

LOS GATOS: Netflix has raised prices across all of its U.S. streaming plans, increasing the monthly cost of its ad-supported tier to $8.99 from $7.99, its standard ad-free plan to $19.99 from $17.99 and its premium plan to $26.99 from

WASHINGTON: The U.S. Postal Service filed notice on March 25 with the Postal Regulatory Commission for a temporary 8% price increase on key package shipping products, citing rising transportation costs. The proposed change, if cleared by the regulator, would take effect at midnight

MENLO PARK: Meta Platforms cut several hundred jobs across multiple teams on March 25, describing the move as part of regular restructuring and saying it was seeking other opportunities inside the company for some affected workers. The latest reductions add

NEW YORK: Goldman Sachs has raised its probability of a U.S. recession in the next 12 months to 30% from 25%, marking a sharper turn in its outlook as higher energy costs, tighter financial conditions and a waning lift from

WASHINGTON: U.S. business activity slowed to an 11 month low in March as higher energy costs and broader supply strains linked to the Middle East conflict weighed on demand, while price pressures intensified across the private sector. Flash survey data

NEW YORK: Gold prices fell sharply on Monday, extending a historic selloff as the conflict in the Middle East kept energy markets volatile and reinforced inflation concerns that have unsettled precious metals. Spot gold was down 2.2% at $4,388.22 an