After rushing to raise rates this year, the Fed shifted to a more dovish strategy this month in what appears to be a compromise between officials concerned about high inflation and others wary of higher rates. Financial costs can destroy the economy or stress markets. The minutes of the Nov. 1-2 policy conference, coming later …
An announcement from a US Treasury official on Tuesday stated that the Group of Seven nations would soon release the Russian oil price cap level, adding that there would likely be an adjustment a few times a year. The price cap level, which is part of Russia’s sanctions for its Ukrainian invasion, was set to …
The Glazer Family, Manchester United’s owner, has confirmed that they are considering selling the football club, stating that they are evaluating every strategic alternative, including a sale, club investment, and other transactions. A post on the club’s official website mentioned that they were reviewing such possibilities for the sake of the club’s growth and to …
Glazer Family to Consider Manchester United Sale Read More »
In an annual interim report released last week by the Silver Institute, data shows that silver demand is expected to hit a record high of 16% to 1.21 billion ounces this year, creating the decade’s biggest deficit. The Silver Institute expected a 194.00 million ounces deficit this year from merely 48.00 million ounces in 2021. …
Silver Demand to Turn Bullish as Market Heads for Deficit Read More »
Disney announced the reinstatement of Bob Iger as the company’s CEO, effectively replacing Bob Chapek, who took over Disney on February 2020, a month before the Covid-19 pandemic. Bob Iger had served as Disney’s CEO for 15 years. Among the notable accomplishments are the acquisition of Pixar Animations Studios, Marvel Entertainment, and 21st Century Fox, …
On Monday, Gold hovered at around $1,750 levels as traders waited for an update on Fed’s insights into their monetary policy. On Thursday, Fed is expected to release details regarding their previous meeting, which the traders believe could give more clarity into the central bank’s plans for interest rates. Although the market expects a smaller …
In the regulatory filings released on Monday, billionaire Warren Buffet’s Berkshire Hathaway has reportedly increased its stakes by around 1% to more than 6% in each of Japan’s major trading houses. This initiative from Berkshire was in line with Buffet’s intention for long-term investment and possible stakes hike after the acquisition announcement of about 5% …
Berkshire Raised Stakes in Japan’s Five Major Trading Houses Read More »
Joint Organization Data Initiative (JODI) released some data that indicates that global oil demand for September this year has exceeded that of September 2019 pre-Covid levels. According to the JODI data showed by the Riyadh-based International Energy Forum (IEF) on Thursday, worldwide oil demand for September this year was at 101% of pre-Covid levels, while …
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