Ukraine, one of the world’s top wheat exporters, faces a scarce wheat planting that could potentially affect the global food supply. According to analysts, Ukraine’s harvest was down 40% to 19 million tons of wheat this year, compared to the previous 33 million tons last season. With Ukraine still being ravaged by war and economic …
Global Food Supply Concerns Over Ukraine’s Scarce Wheat Plantings Read More »
Nickel reportedly exceeded its daily upper price limit on Monday, as traders offered to sell above the 15% limit for the first time since the March debacle. A disorderly trade on March 8 that pushed nickel prices to $100,000 per ton forced the London Metal Exchange (LME) to cancel all nickel trades on that day …
Copper prices extended losses on Tuesday following China’s continued support towards its strict zero-COVID policy, while gold prices traded close to a one-month high as the dollar slipped on the possibility that the Federal Reserve will raise interest rates by a smaller percentage point ahead. Copper futures traded 0.4% lower to $3.5835 per pound, posting …
Copper Extends Losses as China Maintains Zero-COVID Policy Read More »
Oil prices soared on Friday as the dollar lost some momentum, although gains remained limited on concerns over a recession and COVID-19 weighing on fuel demand in leading importer China. Global benchmark Brent crude futures edged higher by 2.2% to $96.84 per barrel, while the US benchmark West Texas Intermediate (WTI) surged by 2.1% to …
Oil Prices Gain as Dollar Falls, Demand Concerns Limit Gains Read More »
Amid a lockdown triggered by the Covid outbreak, Foxconn is distressed after reporting that several workers have fled the Zhengzhou plant, an iPhone manufacturing facility in central China, over the weekend. On October 19, Foxconn banned dining at canteens at the Zhengzhou plant, requiring workers to eat in their dormitories. Said measures frustrated the workers, …
While initial public offerings (IPOs) are an attention grabber, with investors expecting substantial price increases once they go public, it’s important to know that investing in IPOs can be risky as they may provide returns of varying amounts in the long run. Here’s what you need to know about IPOs, including their purpose, their use …
Nasdaq 100 futures weakened on Thursday as a lackluster outlook from Facebook-parent Meta Platforms Inc. raised concerns over sluggish earnings, while the possibility of the Federal Reserve hitting the brakes on aggressively hiking interest rates kept losses in check. Nasdaq 100 futures were trading 0.09% lower, while shares in Meta dropped nearly 25% pre-market and …
Nasdaq Futures Slide as Meta Stumbles on Gloomy Outlook Read More »
US tech giants Alphabet Inc. and Microsoft Corp. reported on Wednesday a loss of momentum in their respective top lines for the third quarter. Google-parent Alphabet stated that its revenue rose 6% year-over-year to $69 billion in the three months ending September, its slowest revenue growth since 2013, citing reduced advertising budgets as the reason …
Alphabet, Microsoft Post Sharp Slowdown in Q3 Revenue Read More »
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