rvimages/iStock via Getty Images While gold prices (XAUUSD:CUR) could face resistance near historical high, demand in the world’s second-largest consumer of gold, India, is likely to remain strong despite higher prices, helped by forecasts of above-normal rainfall and favourable macroeconomic backdrop, ANZ analysts said on Monday. Gold imports increased byContinue Reading
ipopba/iStock via Getty Images Update 2:30pm: Adds additional reporting from Dealreporter. Hollysys Automation (NASDAQ:HOLI) rose 1% after buyer Superior Technologies Holding said it entered into a financing agreement that will help fund the $1.66 billion acquisition. Superior entered into a facility agreement and will be lent $1.055 billion to beContinue Reading
U.S. stocks on Friday marched higher, helped by a rebound in megacap technology names and more encouraging developments on the inflation front. A rotation out of heavyweights such as the “Magnificent 7” club weighed on the benchmark S&P 500 (SP500) and the Nasdaq Composite (COMP:IND) in the previous session, butContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures climbed for a second straight session Thursday, as a tamer than expected U.S. inflation reading is seen raising the chances of a September interest rate cut by the Fed. The U.S. government reported the consumer price index declined 0.1% in June, falling forContinue Reading
BING-JHEN HONG Costco Wholesale Corporation (NASDAQ:COST) finally pulled the trigger on a membership fee increase after almost a full year of speculation over the topic. The price for the Gold Star membership is increasing to $65 from $60, while the price of the Executive membership is increasing to $130 fromContinue Reading
monsitj/iStock via Getty Images Gold futures gained Wednesday, following the equity markets higher after comments from Federal Reserve Chair Jerome Powell raised expectations for lower interest rates soon. Two days of congressional testimony from Powell appeared to indicate a favorable tilt toward cutting rates, saying progress is being made inContinue Reading
shaunl/iStock Unreleased via Getty Images Hapag-Lloyd (OTCPK:HPGLY) (OTCPK:HLAGF) shares surge 6% in German trading Wednesday after the shipping company raised its full-year profit outlook following a better than expected performance in H1 2024. The shipping company said it expects the year’s second half will top expectations thanks to recent strongContinue Reading
Manchester United (NYSE:MANU) reported a wider third-quarter loss on Wednesday as the English soccer club tackled surging operating expenses and saw segment revenues decline sharply from last year. For the full year, the club expects to generate revenue of about £660 million, revised from the previously provided forecast range ofContinue Reading
bodnarchuk/iStock via Getty Images Caledonia Mining’s (NYSE:CMCL) Q2 gold production at Blanket Mine in Zimbabwe was 20,773 ounces, a 19% increase from the year-ago period, it said on Wednesday. H1 2024 gold production at Blanket was 37,823 ounces, a 13% increase on the 33,472 ounces produced in the first halfContinue Reading
Today, Amazon SageMaker announced a new inference optimization toolkit that helps you reduce the time it takes to optimize generative artificial intelligence (AI) models from months to hours, to achieve best-in-class performance for your use case. With this new capability, you can choose from a menu of optimization techniques, applyContinue Reading
