Gold prices held hefty despite two-day losses as traders focused on US economic data and Middle East geopolitical conflicts. On Wednesday, Gold futures for the December contract declined by 0.15% to $1,983.05, while spot gold rose by 0.5% to $1,972.21. Furthermore, data shows the yellow metal surged about 9% in the last two weeks, hitting …
Gold Prices Dwindle amid Mideast War and US Economic Data Read More »
Despite the early Google Pixel 8 Pro leak, the US tech giant surprised consumers with upgrades for the smartphone. At the Pixel Pro 8 launch event, Google said the Pixel 8 Pro is now equipped with a Tensor G3 chipset. The processor is a significant subsystem upgrade, providing a platform for on-device generative artificial intelligence …
Google’s Launch Event Introduces Upgraded Pixel 8 Pro Read More »
Wheat futures bounced back on bargain hunting ahead of this week’s opening despite the USDA indicating a surplus. US wheat futures for December delivery rose by 1.74% to $5.50 per bushel at the market open on October 02. Similarly, Chicago Board of Trade (CBOT) wheat gained 0.50% to $5.44 a bushel. The grain commodity finished …
Wheat Prices Rebound on Bargain Hunting, USDA Reports Excess Read More »
On Tuesday, cattle futures prices plunged amid news from Canada that lab results confirmed one of its cows had died from Anthrax. Live cattle futures for October delivery closed 1.14% lower at S184.85 per pound on September 26. At the same time, feeder cattle October futures ended the session at $253.82 per pound after a …
Cattle Futures Plummet as Anthrax Case Confirmed in Canada Read More »
On Tuesday, Apple released its iPhone 15 Pro with a new titanium shell, a faster-performing chip, and better video game-playing features. Its biggest surprise for iPhone fans is the price, which did not increase. It reflected the worldwide smartphone flop. Moreover, the Apple event at Cupertino, California, headquarters was driven by economic uncertainty, mainly in …
Mortgage rates have surged past the 7% mark, reaching their highest point in over two decades, dealing a blow to potential homebuyers and further complicating the housing market landscape. The average rate on the widely used 30-year fixed mortgage reached 7.09% this week, up from 6.96% the previous week, according to data from Freddie Mac …
Mortgage Rates Surpass 7%, Hitting a 21-Year High and Dampening Homebuyer Demand Read More »
US stocks faced another day of decline on Thursday, marking the third consecutive session of losses as August shapes up to be a challenging month for Wall Street. The Dow Jones Industrial Average (^DJI) took a hit of about 0.8%, echoing the sentiment in the broader S&P 500 (^GSPC) index, which also experienced a similar …
Bitcoin BTCUSD –3.99% and the broader cryptocurrency market are experiencing a significant selloff, raising concerns and speculations about the cause behind this abrupt downturn. As Bitcoin and other digital assets plummet through crucial support levels, one name is repeatedly surfacing as a potential catalyst for this downturn—Elon Musk. Over the past 24 hours, the …
Bitcoin’s Plunge Continues: Is Elon Musk to Blame for a Possible 25% Further Drop? Read More »
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