Tag: Commodities

US stocks close down, oil tumbles after Fed minutes; Nvidia reports

WASHINGTON (AP) — The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a time.…

Most Chinese developers’ shares fall despite latest support measures

Chinese companies win licensing bids to explore Iraq oil and gas fields

Inflation data next week could mark the start of the end of upside surprises: MS

Gold set for best week in five on renewed US rate-cut hopes

Asian shares subdued as China trade eyed, yen steadies after recent falls

China’s economy is in a funk and people are rushing out to buy gold as a safe-haven asset to hedge against economic uncertainties, sending prices of the precious metal to record highs.The country’s central bank has also gotten into the act, adding 60,000 troy ounces of gold to its stash in April, according to official…

As night fell across Thailand, a pregnant creature with a “golden” tail emerged from its hiding spot on a rocky hill. The “colorful” animal set out in search of food; or at least, it tried to.Visiting scientists found the “golden”-tailed animal — and discovered a new species.Researchers visited Khao Ebid, a large rock formation, several…

By Doyinsola OladipoNEW YORK (Reuters) -Cruise operator Royal Caribbean Group is in discussions with new and existing markets around the world to recruit thousands of workers to staff its ships and private destinations to keep up with record cruise demand.The number of people taking cruises hit a record in 2023, and with the surge in…