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…
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…
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…
In a significant development that underscores the evolving landscape of international relations, the coalition of BRICS countries – comprising Brazil, Russia, India, China, and South Africa – has come to a consensus to expand its membership. This comes amid growing interest from several nations eager to be part of this influential group. The Backdrop:…
In a recent chat with CNN, retired U.S. Army general and former CIA director, David Petraeus, expressed cautious optimism about Ukraine’s counteroffensive against Russia. While Kyiv’s initial success in taking out six of Putin’s missiles made waves in May, the road to victory has been more arduous than anticipated by many Western observers….
Microsoft’s foray into the world of Artificial Intelligence (AI) and cloud technology has industry experts buzzing, especially with the promising trajectory it seems to be on. Analyst’s Take Timothy Horan from Oppenheimer has firmly placed his bets on Microsoft (NASDAQ: MSFT). Not only has he given the tech giant an ‘Outperform’ rating, but…
As the federal oversight body winds down its multi-year assessment of Tesla’s touted Autopilot system, the road ahead for Elon Musk’s vision of self-driving technology remains clouded with uncertainty. Snapshot: The Key Player: The National Highway Traffic Safety Administration (NHTSA) has spent years examining the ins and outs of Tesla’s driver-assist mechanisms, especially the…
Nvidia Corp.’s (NASDAQ:NVDA) impressive second-quarter earnings release was met with a cautious market response, influenced by the anticipation of Federal Reserve Chair Jerome Powell’s imminent speech at the Jackson Hole event. Despite an intraday surge of 6.5%, Nvidia’s shares settled with a modest 0.10% gain, closing at $471.63. Key Takeaways from Q2: Nvidia’s…
