After years of being the only group that didn’t feel the impact of rising grocery prices, middle-income consumers are now starting to feel the pinch. According to a report by data company Numerator, middle-income consumers now account for the majority of those affected by the rising prices. While ruralRead More →
Gold futures climbed on Wednesday, with commodity investors positioning prices for a third straight rise ahead of a Federal Reserve statement that could prove mostly bullish for long-term metals investors. Investors expect the Fed to express continued support, even though the central bank won’t change interest rates from aRead More →
Consumers face being hit by surging prices for protective gear as face coverings become mandatory for shoppers in England, a consumer group said. U.K. Prime Minister Boris Johnson said on Monday the measure will come into place on July 24, sparking fears that predatory sellers could bump up prices,Read More →
U.S. equities ended a week of cautious optimism with the Dow Jones, S&P 500 and the Nasdaq Composite, a heavy technology index, rising. Most of the gains occurred in the latter, as the first two have not yet surpassed the highs set in June, as they spend most ofRead More →
The price of bitcoin and a number of cryptocurrencies have been sliding downward in value during the last 72 hours, after bitcoin touched a high of $9,700 on May 30, 2020. On Monday, June 1, the price is up 0.06% and trading for $9,578 per coin during the morning tradingRead More →
Gold prices on Monday headed to a more than six-year high, as fears of the economic impact of a fast-moving viral outbreak hurt appetite for stocks and powered buying in assets perceived as havens. “The anticipated Wuhan flu contagion triggered sell-off in equity markets will likely drive gold demand outRead More →
By Jane Lanhee Lee MILL VALLEY, California (Reuters) – Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco’s Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced. Rivian founder andRead More →
Oil futures fell on Wednesday to mark their lowest settlement in about seven weeks as fears of an oversupply of crude, and potential hit to demand on the back of the coronavirus outbreak in China, outweighed a disruption to Libyan production. West Texas Intermediate crude for March delivery CLH20, -2.76%Read More →
BEIJING (Reuters) – Global pharmaceutical majors and generic drugmakers chopped by 53% on average prices of some of their off-patent products in the latest bidding round under China’s national bulk-buy program, government officials said late on Friday. Beijing has been pushing forward the program where drugmakers have to go throughRead More →
Gold prices edged higher early Wednesday, as investors adopted a cautious stance ahead of the expected White House signing of a partial agreement between the U.S. and China later in the session. Doubts that the so-called phase one trade pact will alleviate tensions between Beijing and Washington have kept bullionRead More →
Crude oil prices surged and U.S. stock market futures tumbled late Tuesday after Iran fired multiple missiles at air bases in Iraq housing U.S. troops, raising fears of a wider Middle East conflict. Iranian state TV described the attack as a revenge operation over the killing of Revolutionary Guard Gen.Read More →
Oil prices added to gains on Monday, with the benchmarks for crude touching their highest levels in at least 7 months in the wake of Friday’s killing of Iranian Gen. Qassem Soleimani in a U.S. drone strike, which has ratcheted up Middle East tensions. West Texas Intermediate crude for FebruaryRead More →
Oil prices continued to rise in late Sunday trading, continuing their surge in the wake of last week’s killing of Iranian Gen. Qassem Soleimani in a U.S. drone strike, which ratcheted up Middle East tensions. After opening nearly 2% higher, late Sunday, West Texas Intermediate crude for February delivery CLG20,Read More →
The death of an Iranian military leader in a U.S. airstrike has sent markets reeling. But U.S. consumers won’t feel the impact of rising oil prices immediately. Qassem Soleimani, the leader of the foreign wing of Iran’s Islamic Revolutionary Guard Corps, was killed in an airstrike on Baghdad’s international airportRead More →
Crude oil prices skyrocketed and U.S. stock market futures fell on Thursday night following news that a top Iranian general and an Iraqi militia’s deputy commander were killed in a U.S. airstrike at Baghdad’s airport. The Associated Press reported an airstrike killed Gen. Qassem Soleimani, head of Iran’s elite QudsRead More →
By Michael Erman NEW YORK (Reuters) – Drugmakers including Bristol-Myers Squibb (NYSE:) Co, Gilead Sciences Inc (NASDAQ:), and Biogen Inc (NASDAQ:) hiked U.S. list prices on more than 50 drugs on Wednesday, bringing total New Year’s Day drug price increases to more than 250, according to data analyzed by healthcareRead More →
© Reuters. Logo of U.S. pharmaceutical corporation Pfizer Inc. is seen in Zurich By Michael Erman and Carl O’Donnell NEW YORK (Reuters) – Drugmakers including Pfizer Inc (N:), GlaxoSmithKline PLC (L:) and Sanofi SA (PA:) are planning to hike U.S. list prices on more than 200 drugs in the UnitedRead More →
Gold futures on Thursday traded little changed as benchmark bond yields pushed higher amid an easing of U.S.-China trade tensions and reduced worries over the global economic outlook. Markets so far have brushed off the impeachment late Wednesday of President Donald Trump, only the third president to suffer the fate.Read More →
Amarin Corp.’s stock moved toward a new decade-high price in the extended session Friday after a Food and Drug Administration marketing approval that gave its drug Vascepa a wider use. U.S. traded shares of Dublin-based Amarin AMRN, +4.92% rose more than 5% Friday after being halted for half the tradingRead More →
By Mahmoud Mourad CAIRO (Reuters) – The number of Egyptians switching to duel-fuel vehicles is accelerating as the government pushes motorists to use cheaper, cleaner and plentiful . About 300,000 vehicles, mostly taxis and minibuses, have been converted to duel-fuel systems since the 1990s — a small fraction of theRead More →
© Reuters. FILE PHOTO: Sign of Saudi Aramco’s IPO is seen during a news conference by the state oil company in Dhahran By Hadeel Al Sayegh, Marwa Rashad and Rania El Gamal DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history,Read More →
© Reuters. Computer chip maker Intel’s logo is shown on a gaming computer display during the opening day of E3, the annual video games expo revealing the latest in gaming software and hardware in Los Angeles By Stephen Nellis (Reuters) – The cost of cars equipped with ultra-fast 5G wirelessRead More →
Oil prices posted sharp losses Friday, trimming the November gain, as the much-anticipated approval of a production-cut extension at next week’s OPEC meeting grew more doubtful following speculative reports. Saudi Arabia probably will indicate it’s no longer willing to compensate for excessive production by other members of the Organization ofRead More →
Coffee prices have jumped more than 25% in recent weeks, lifted by signs of shrinking production in Latin America. Coffee futures have climbed to $1.173 a pound on the Intercontinental Exchange, surging from a recent low around 93 cents a pound in mid-October amid concerns of a supply glut. PricesRead More →
On Wall Street, rose-colored glasses come with the territory. The Dow Jones Industrial Average DJIA, +0.02% and the Standard & Poor’s 500 SPX, +0.26% both just hit all-time highs after one of the quietest, most grudging rallies I’ve ever seen. Yet the latest meme circulating down in the Canyon ofRead More →
