In a surprising turn of events, gold made headlines on Monday with an impressive rally, marking its most substantial performance in nearly two weeks. The driving force behind this resurgence was the weakening U.S. dollar, which showed signs of faltering in anticipation of a pivotal U.S. inflation report slated for later this month. The…
By Max A. Cherney (Reuters) – Nvidia’s supremacy in building computer chips for artificial intelligence has chilled venture funding for would-be rivals, investors said, with the number of U.S. deals this quarter falling 80% from a year ago. The Santa Clara, California company dominates the market for chips that work with massive amounts of language…
Sept 11 (Reuters) – Copper concentrate production started at Russia’s largest undeveloped copper deposit on Monday following a ceremony overseen by President Vladimir Putin via video link. The long-awaited Udokan project in Russia’s far east is coming on stream at a challenging time. The United States imposed sanctions on its operator – Udokan Copper LLC – in…
By Nathan Gomes (Reuters) -The United Auto Workers (UAW) union expects to go on strike against the Detroit Three automakers later this week if no agreement is reached over new contracts, setting the stage for one of the largest worker actions this year. The current contracts at General Motors, Ford and Chrysler parent Stellantis are…
