Shell’s third-quarter earnings rose on higher refining margins, oil prices and gas and oil sales, while it launched a $3.5 billion share buyback program. The energy giant on Thursday reported adjusted earnings of $6.22 billion for the quarter, up from $5.07 billion in the preceding quarter, but a slight miss to market expectations of $6.25 … Read more
Investing.com– Gold prices rose on Thursday, encouraged by a weaker dollar and Treasury yields after the Federal Reserve struck a less hawkish tone than expected, although gains in the yellow metal were limited by increased risk appetite., as widely expected, on Wednesday. But comments from Fed Chair Jerome Powell saw markets pricing in a diminished … Read more
Benchmark U.S. crude oil for December delivery fell 58 cents to $80.44 per barrel Wednesday. Brent crude for January delivery fell 39 cents to $84.63 per barrel. Wholesale gasoline for December delivery fell 3 cents to $2.19 a gallon. December heating oil rose 5 cents to $2.96 a gallon. December natural gas fell 9 cents … Read more
Year on year October prices were down 3.3%, a less sharp fall than September’s 5.3% drop, Nationwide said.”The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained,” Nationwide Chief Economist Robert Gardner said. There was little evidence of forced selling of homes, which … Read more
October 31, 2023 at 1:57 pm PDTFile -A Ford Bronco is displayed at a Gus Machado Ford dealership on Jan. 23, 2023, in Hialeah, Fla. New union agreements with Detroit automakers reached during the past week will cost Ford, Stellantis and General Motors over $1 billion per year by the time they take effect in … Read more
Oil futures declined on Tuesday, with U.S. prices posting a loss of nearly 11% for the month. For now, the risks tied to the conflict in the Middle East “appear contained,” said Michael Hewson, chief market analyst at CMC Markets UK. “However, there remains a clear and present danger that the conflict might spread wider.” … Read more
An earlier version of this story referred to the wrong day of the week. The article has been corrcted. Oil futures traded lower Tuesday afternoon, after dropping more than 3% the previous session, and remained on track for monthly losses as a risk premium tied to fears the Israel-Hamas war could threaten crude supplies eroded. … Read more
My ‘naked’ McDonald’s order is ‘irritating’ but also delicious and healthysaid Monday the fast-food giant will hike prices in California after Gov. Gavin Newsom recently signed into law a measure that would give wage earners a $20-an-hour minimum — although the company hasn’t yet decided by how much. The Chicago-based burger chain — which cited … Read more
FRANKFURT, Germany (AP) — The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold. But that encouraging news was balanced by official figures showing economic output in … Read more
Another day and another Commodity hits new record highs. That’s one of the most lucrative trends of the current financial climate that we find ourselves in right now! A long list of the world’s most powerful Wall Street banks have described thecurrent economic climate as “The Golden Age of Trading”. The big question now is … Read more