Industry

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Oil Prices Expected to Hit $85 per Barrel Following Israeli Air Strikes

Oil prices are rising due to recent conflicts between Israel and Hezbollah, with fears of Iranian retaliation potentially disrupting global oil supplies and pushing Brent crude to $75-$85 per barrel in September.


Fed's Rate Hikes Proved Essential in Controlling US Inflation, New Research Finds

A new Kansas City Fed conference study revealed that the Federal Reserve's aggressive rate hikes were essential in gaining public trust and controlling U.S. inflation over the past two years.

Nestlé Shares Drop as CEO Mark Schneider Steps Down; But Analysts Think It's a Good Thing

Nestlé has ousted Mark Schneider as CEO and replaced him with Laurent Freixe amid recent financial struggles and a drop in stock price. At the same time, analysts express optimism about the leadership change.

European Shares Gain While Dollar Weaken as Fed Signals Rate Cuts Ahead

European and US share prices rose on August 22 following Federal Reserve signals of potential interest rate cuts, while the dollar remained weak and oil prices stabilized after a recent decline.


Latest News

Gold Hits Record Highs of $2,540.8 Per Ounce, Analysts Predict $3,000 by 2025
As of August 19, gold prices have hit new highs, with spot gold at $2,508.14 per ounce and U.S. futures at $2,540.8 per ounce, amid rising expectations that prices could reach $3,000 by mid-2025.
US and China Signs New Financial Agreement, Focusing on Capital Markets and Cross-Border Payments
The US and China have signed a new financial stability agreement to boost cooperation on key issues like capital markets and cross-border payments.
US Supply Chain at Risk as Canadian Railroads Face Possible Shutdown Due to Labor Dispute
Due to an impending labor dispute, Canada's two largest railroads may face a work disruption soon, threatening to also disrupt the US supply chain for an indefinite amount of days.
Saudi Oil Giant Aramco to Strengthen Ties with China in Petrochemicals and Low-Carbon Solutions
Saudi Aramco is expanding its partnership with China by investing in petrochemicals and low-carbon technologies, aligning with China's energy security and sustainability goals.
Walmart Reports 4.8% Revenue Growth, Driven by Rising Consumer Spending
Walmart's Q2 revenue hit $169.34 billion, exceeding expectations, with a 4.8% increase from last year and a 9.8% rise in adjusted earnings per share.
Huawei Prepares AI Chip to Rival Nvidia in China, Possibly Generating $2 Billion in Orders
Huawei is set to launch its Ascend 910C AI chip, designed to rival Nvidia’s restricted H100, with initial orders expected to top $2 billion.
Markets Await Inflation Data to Guide Federal Reserve's Rate Cut Decision
As markets await crucial inflation data this week, investors hope it will allow the Federal Reserve to implement its anticipated interest rate cut next month amid recent market stability.
Yum Brands Misses Revenue Target as Pizza Hut and KFC See Lower Sales
Yum Brands fell short of revenue expectations in the second quarter as Pizza Hut and KFC struggled with declining same-store sales, while Taco Bell saw a 5% increase.
Saudi Aramco's Profit Dips to $29.1 Billion in Q2 as Oil Production Remains Low
World's largest oil company, Saudi Aramco, reported a 3% decline in second-quarter profits to $29.1 billion due to lower crude production but still plans to pay $124.2 billion in dividends this year.
The Blackwell B200 AI chips will now take at least three more months to produce. Nvidia Corp. 's upcoming artificial intelligence chips are now facing production delays due to a design flaw, according to a report.
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