Gold Price Forecast: XAU/USD holds above $2,450 ahead of US CPI data – FXStreet
Gold prices were slightly higher around $2,465 in early Asian trading on Wednesday. Rising tensions in the Middle East have boosted demand for gold as a safe-haven asset, benefiting it. Attention on Wednesday will be on the release of the US Consumer Price Index for July. Gold prices (XAU/USD) were up slightly around $2,465 in […]
Producer Prices Increased by Less Than Forecast in July
U.S. inflation pressures showed further signs of easing in July, with producer prices rising just 0.1%, less than expected. According to the Bureau of Labor Statistics, the Producer Price Index (PPI) for final demand, which tracks the average change in selling prices received by domestic producers of goods and services for the products they sell […]
Oil prices dip as OPEC cuts demand forecast, economic cues awaited – Investing.com
Investing.com — Oil prices fell in Asia on Tuesday, reversing last week’s rebound as caution mounted over a string of economic data this week and OPEC’s cut to its 2024 demand growth forecast. Prices have rebounded sharply from more than seven-month lows as traders charged a higher risk premium to crude on fears of an […]
Gold Price Forecast: XAU/USD holds below $2,450, eyes on geopolitical risks and key US economic data this week – FXStreet
Gold prices were trading weakly around $2,430 in early Asian trading on Monday. Safe-haven flows may support gold amid rising geopolitical risks. Traders are awaiting key U.S. economic data this week, including the Producer Price Index (PPI), Consumer Price Index (CPI) and retail sales, which could provide fresh stimulus. Gold prices (XAU/USD) are trading lower […]
Lyft plunges nearly 20% after weak forecast sparks fears its losing race with Uber
Lyft shares plunged 17% on Wednesday after the company gave a weak outlook for the key summer quarter, sparking concerns that it is being edged out by rival Uber. Uber and Lyft, which reported strong results on Tuesday, are locked in a fierce battle for market share in the North American ride-hailing sector. Uber, which […]
Harris tops Trump for first time in Nate Silver's election forecast
Polling firm Nate Silver’s election forecast shows Vice President Harris holding a narrow lead over former President Trump for the first time since the model began. A national Silver Bulletin poll showed Harris beating Trump by 1.4 percentage points. Poll AverageThe vice president has a forecast lead for the first time, with the latest model […]
Southeastern US coast forecast to feel wrath of likely Tropical Storm Debby next week
While most of the attention on the tropical storm swirling off the coast of Cuba on Saturday has been focused on its expected impact on Florida this weekend, some indications suggest the storm could have a second life off the southeastern U.S. coast, bringing new threats of flooding rains, damaging winds and dangerous storm surges. […]
Apple beats earnings forecast despite decline in iPhone sales | Apple
Apple reported better-than-expected profits for the third quarter of 2024, with buzz about new AI capabilities helping to offset continued declines in key market China. Despite a decline in iPhone sales compared to the same period a year ago, revenue beat analyst expectations, rising 4.9 percent to $85.78 billion for the three months ended June […]
Amazon shares plummet on weak revenue forecast
Amazon’s shares fell sharply in after-hours trading after the company forecast lower-than-expected sales for the current quarter and its second-quarter profit beat Wall Street expectations. Amazon’s focus on the success of its AWS cloud computing platform did not please investors, with the Seattle-based company’s shares falling more than 6% in after-hours trading. “We continue to […]
Deckers shares soar after profit forecast hike on strong Hoka, UGG sales
Shares of Deckers Outdoor Inc. soared as much as 17% on Friday after several brokerages raised their price targets after the company bet on full-price sales of its best-selling Hoka running shoes and Ugg boots to boost its full-year profit forecast. Shares of clothing company Deckers Outdoor surged on Friday after the company raised its […]