Commodity wrap: bullion falls ahead of key data; oil up on supply disruptions fear
Gold and silver prices were in the red on Tuesday as investors remained on the edge before the release of a string of key US economic data. Over the past…
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Category: Business
Oil finds short-term support as oversupply eases, bearish risks linger
The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected. The International Energy Agency (IEA) has revised its…
Trump administration alleges Nike discriminated against white workers
The U.S. Equal Employment Opportunity Commission said Wednesday that it is investigating Nike for allegedly discriminating against white workers. The agency that polices discrimination in the workplace filed an action…
Pound rises as BoE decision looms: what a 3.75% hold means for UK borrowers
Sterling edged higher on Wednesday as investors positioned for the Bank of England’s first policy meeting of 2026, with markets widely expecting rates to be held at 3.75%. The decision…
Commodity wrap: gold, silver, oil, and copper fall sharply on CME margin hikes, geopolitical easing
After posting a record intraday loss last Friday, precious metals extended their sharp sell-off, with silver dropping as much as 16% and spot gold sliding up to 10% in early…
Amazon slashes another 16,000 jobs
Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The reductions we are making today will impact…
Investors brace for new FX regime as policy signals take precedence over data
Global currency markets are sending signals that are easy to dismiss and dangerous to ignore. Exchange rates are moving sharply, yet not always in response to economic data. Sudden rallies…
Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged ‘debanking’
President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming that the bank improperly closed his accounts for political reasons. ‘While…