Tag: Commodities

China’s oil majors face uphill climb to adapt to EV future

Stocks muted, gold at new peak as markets weigh Fed cut timing

Asian shares fall on global rate scare, yen plumbs 34-yr low

Hong Kong customs officials have seized 146 kilograms of suspected gold, worth more than $10 million, on board a freight plane headed for Japan.The discovery is the largest gold-smuggling case on record in Hong Kong in terms of seizure value, according to the Customs Department.The precious metal was discovered on 27 March while officials at…

The changing of the conservative mind in recent years could hardly be captured more pithily than in the headline of a recent op-ed: “Why I believe in industrial policy — done right.” So opined Sen. Marco Rubio for the Washington Post and, at greater length, for National Affairs.Note that I’m not addressing the conservative heart.…

Fed rate cut expectations for 2024 fall to lowest since October

Men are punching random women on the streets of New York City. As usual with these kinds of diffuse and chaotic stories, there’s much that is unknown, including how often this is happening, how many people are involved, or whether it’s at all coordinated. But what we do know is already alarming. CNN reports that dozens…

Wall Street indexes rise after strong jobs data

The wife of a New York Yankees executive was killed when a tree fell on her car in Westchester County on Wednesday.Catherine Tusiani, 50, was behind the wheel of a 2021 Toyota heading north on Route 128 near School St. in Armonk, N.Y., during Wednesday’s storm when a tree crashed down on her car around…

China eases car loan policy for first time since 2018 to boost demand