Browsing: Business

Global oil prices fell sharply as Brent crude futures dropped more than 4% during trading before settling lower, extending volatility in energy markets tied to Middle East supply routes. Brent closed down 3% at $91.45 a barrel after touching its

Gold prices held near a two-month low on Tuesday as investors weighed higher U.S. Treasury yields, a firm dollar and recent labor data against softer oil prices. Spot gold rose 0.4 percent to $4,345.71 per ounce. U.S. gold futures for

The World Economic Forum said geoeconomic fragmentation now costs the global economy $213 billion to $307 billion each year. The estimate appears in its new report, Deepening Divides: The Cost of a More Fragmented Financial System. The report said current

The U.S. 10-year Treasury yield moved back near 4.5 percent on Wednesday and held close to that level on Thursday, after stronger labor market readings and elevated oil prices added pressure to government bonds. The benchmark yield was around 4.49

Gold prices advanced Thursday as a softer U.S. dollar and lower crude oil prices supported bullion, with trading across precious metals reflecting shifts in currency and energy markets. Spot gold rose 0.8 percent to $4,468.84 per ounce, while U.S. gold

Oil prices declined in early Asian trading on Thursday as benchmark crude futures retreated from the previous session’s gains, with markets assessing confirmed Middle East developments and U.S. inventory data. Brent crude futures fell 87 cents, or 0.89 percent, to

U.S. stocks closed lower Wednesday as a broad market sell-off pulled major indexes back from recent highs, with losses concentrated in financial, technology and small-cap shares. The S&P 500 fell 56.10 points, or 0.7 percent, to 7,553.68, ending a nine-session

Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, has renewed his warning that U.S. equities are vulnerable after a prolonged advance that left major benchmarks trading near record levels. In a published interview, Schiff described the

OpenAI’s ChatGPT reached 1 billion monthly active app users worldwide in May 2026, according to data from market intelligence firm Sensor Tower, marking the fastest rise to that level recorded for a consumer app. The estimate places ChatGPT among the

WASHINGTON, D.C. / Content Syndication Services / — The European Parliament’s trade committee backed legislation on Tuesday to remove import duties on many goods from the United States, advancing a central part of the EU-US trade framework reached in 2025.