Gold experienced a modest decline, slipping to levels not seen in over two weeks on Tuesday. This downtrend came as the U.S. dollar staged a resurgence, with investors taking a cautious stance in anticipation of the forthcoming U.S. inflation data set to be unveiled on Wednesday. The spot gold market saw a 0.6% dip, bringing…
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…
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…
In recent years, the global investment community has been keenly observing the rise and fall of cryptocurrency ventures. One such case that caught the attention of many, is that of Faruk Fatih Ozer’s Thodex exchange. Back in 2021, Ozer, a mere 29 years old, found himself amidst a whirlwind of controversy when he allegedly…
The United States and Saudi Arabia are proactively engaging in collaborative discussions to harness vital metals from Africa. These metals will play a significant role in bolstering their energy transitions, as per insights shared by informed sources. This collaborative initiative involves a Saudi state-supported venture strategically investing in mining assets, estimated to be worth $15…
Amazon.com, Inc (NASDAQ: AMZN) experienced an initial dip in Thursday’s trading session, only to rebound above Wednesday’s high-of-day. This shift followed the sale of 4,000 company shares by Doug Herrington, CEO of Worldwide Amazon Stores. The rise in Amazon’s stock contributed to a slight upturn in the S&P 500, counteracting Apple’s initial drag on the…
The electric vehicle revolution is undeniably underway, but it’s no cakewalk, even for German automakers who once led the automotive world in design and cutting-edge tech. The IAA motor show kicked off in Munich, shifting the spotlight away from Mercedes Benz and Porsche to Tesla Inc, which is unveiling an enhanced version of its top-selling…
Softbank’s Arm is gearing up for a highly anticipated public debut next week, set to become the year’s largest IPO. Jim Cramer voiced his enthusiastic support for the company, predicting an overwhelming demand for its chip designs. Here’s what you need to know: Arm is eyeing a valuation close to $54 billion for its forthcoming…
Tesla, Inc. (NASDAQ:TSLA) witnessed a notable increase in its sales performance in China for the month of August. Preliminary data from the China Passenger Car Association indicates that the company sold 84,159 electric vehicles (EVs) produced in China during the month. This figure reflects a significant 9.4% rise compared to the 76,965 units sold during…
In the realm of Apple Inc. (NASDAQ:AAPL), some noteworthy developments have emerged, touching upon a legal resolution concerning a trademark dispute, the much-anticipated reveal of the iPhone 15, and novel advancements in the supply chain pertaining to the Apple Watch 9. Let’s delve into these significant updates. Trademark Resolution with USPTO: Apple has recently reached…
