Oil prices declined on Wednesday amid a faltering China manufacturing sector and accumulation in US crude inventories. The US West Texas Intermediate (WTI) crude oil March futures retreated 2.53% to $75.85 per barrel on January 31. However, analysts expect a 0.87% climb to $76.51 a barrel in the coming market session. Nevertheless, the US petroleum …
Oil Dips on Weak China Manufacturing Sector, US Stock Build Read More »
At 3:15 p.m. today, Bitcoin experienced a 0.81 per cent drop to 39,140.58 euros in the last 24 hours on Binance, the world’s largest cryptocurrency exchange. The total Bitcoin trade volume in the last 24 hours was 19.44 billion euros. The Bitcoin-related Fear and Greed Index is currently at level 60, categorized as “greed.” The …
On Thursday, US sugar #11 rose sharply on fund short covering as traders vie for year-end positioning as experts see El Niño worsening next year. Sugar futures for March delivery rallied 6.12% to ¢21.86 per pound on December 28, extending Thursday’s 0.34% gain. Analysts expect the momentum to push the soft commodity 0.23% higher to …
Sugar Prices Soar on Short Covering, El Niño to Persist Read More »
Oil prices extended their losing streak to five sessions on Wednesday as traders doubted whether OPEC+ would honor their pledged production reductions. The US West Texas Intermediate (WTI) crude oil January futures closed 4.07% lower at $69.38 per barrel, its lowest price since June. However, industry watchers anticipate a slight 0.66% rebound to $69.84 in …
Oil Falls to Six-Month Low Amid OPEC+ Skepticism Read More »
Nvidia leads the profitability race in the semiconductor industry, outperforming rivals with impressive earnings for the third quarter. The US tech giant revealed third-quarter revenue of $18.12 billion and profit of $10.42 billion. The results marked a 206% year-over-year (YoY) climb, mainly driven by Nvidia’s focus on artificial intelligence (AI) chips amid the ongoing surge …
Nvidia Leads Semiconductor Profitability Race Amid AI Booms Read More »
Bank of America (BofA) shares ended the session positively, leading to two consecutive days of gains amid soaring stock markets. BofA closed 0.10% higher at $30.01 per share on Tuesday. The slight surge came during an optimistic market, with the S&P 500 rising 0.74% to $4,547.38 and the Dow increasing 0.58% to $35,151.04. The US …
Bank of America Ends Session Higher Amid Market Optimism Read More »
Oil prices retreated on Tuesday, eliminating gains posted from the previous session’s rally, as concerns over faltering demand amid the global economy losing pace curbed the possibility of additional supply cuts from the Organization of Petroleum Exporting Countries (OPEC). Global benchmark Brent crude oil futures fell 0.69% to $81.75 per barrel, while the US benchmark …
On Wednesday, Google rolled out three updates for fact-checking, context-sourcing, and image verification integration. In recent years, social platforms have grappled with users’ rampant use of images and videos out of context. Governments kept up the pressure on search engines and social media sites to reduce misinformation to acceptable levels. The global release of the …
Google Expands Image Fact Checking and Source Verification Read More »
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