Browsing: Business

– US markets are heading into one of the busiest weeks of the earnings season, with three of the biggest names in the Magnificent 7 set to report quarterly results. Alphabet, Microsoft and Amazon will release figures as investors look

– On October 21, oil prices experienced upward movement with Brent crude futures rising by $1.21 to reach $110 per barrel, as reported by Reuters. Meanwhile, US West Texas Intermediate crude also increased by more than $1, settling at $99

– On Tuesday, October 13, the US dollar experienced a retreat from an 18-month high, influenced by falling oil prices and a reassessment of the rally driven by artificial intelligence. The U.S. Dollar Index, which tracks the greenback against a

– The U.S. stock bull market has now entered its fifth year on Monday, following four consecutive years of gains. According to Truist analysis, the S&P 500 has increased roughly 119% since its bear-market closing low on October 12, 2022.

The rally in international stocks gained momentum late in the week, with markets rebounding from recent declines as the pace of rising borrowing costs slowed temporarily. Data indicates that US and European equities finished higher as bond yields declined, prompting

– Gold prices moved higher on Monday amid a cautious market reaction to soft U.S. employment figures and a strengthening dollar. Spot gold increased by 0.6% to $4,165.49 an ounce at 0901 GMT. Meanwhile, U.S. gold futures for December delivery

The Emirates News Agency reports that the foreign exchange market experienced notable upward momentum as the US dollar reached a 17-month high, with the index rising to 102.08 and marking its third consecutive weekly increase. The dollar’s 1 percent weekly rise

– The U.S. Treasury Department is scheduled to conduct three debt auctions next week, totaling $119 billion in notes and bonds. The process begins on Oct. 6 with the sale of $58 billion of three-year notes. On Oct. 7, Treasury

– The U.S. Bureau of Economic Analysis announced an upward revision of the country’s second-quarter growth rate to 2.2% on an annual basis for 2026. This update modifies its previous estimate of 1.5%, reflecting economic activity from April through June.

– U.S. consumer confidence experienced a sharp decline in September, reaching its lowest point since April 2014. The Conference Board announced that its Consumer Confidence Index fell by 6.7 points to 81.9. The previous August figure was revised downward to