Tag: Commodities

Morning Bid: China clouds global ‘Goldilocks’ outlook

A “worldwide catastrophe” is imperiling Pacific Islands and the world must respond to the unprecedented and devastating impacts of rising seas “before it is too late,” the United Nations chief has warned.UN Secretary-General Antonio Guterres issued a global SOS – “Save Our Seas” – from the Pacific Island nation of Tonga on Tuesday with a…

Zoom raises annual revenue forecast on strong demand for its AI-powered products

Goldman Sachs lowers odds of US recession to 20% from 25%

Dollar falls on bets for dovish Fed

On Friday, residents of Rodanthe in North Carolina’s Outer Banks witnessed another unfortunate, yet increasingly common, event: a house collapsing into the ocean.The combination of high tides and waves from Hurricane Ernesto, which was hundreds of miles away, contributed to the latest collapse that took place at Hatteras Island in Rodanthe. No one was inside…

DETROIT (AP) — A teenager on a field trip to see a Detroit court ended up in jail clothes and handcuffs because a judge said he didn’t like her attitude.Judge Kenneth King even asked other kids in the courtroom Tuesday whether the 16-year-old girl should be taken to juvenile detention, WXYZ-TV reported.King, who works at…

Asia shares on the rise ahead of US inflation data

Fed’s Bowman: Rate cuts will be needed if inflation keeps falling

PAGE, Ariz. (AP) — A large geological feature in southern Utah known as the “Double Arch,” the “Hole in the Roof” and sometimes the “Toilet Bowl” has collapsed, National Park Service officials said Friday. No injuries were reported.The popular arch in the Glen Canyon National Recreation Area fell Thursday, and park rangers suspect changing water…