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Sat, Jan 31, 2026 09:04 AM All times are UTC

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Gold consolidates as resurgence of coronavirus cases offset robust U.S. jobs data

Jul 03, 2020 08:45 am UTC| Commentary

Gold prices consolidated within narrow ranges, as worries over surging coronavirus cases globally and lingering trade tensions between the United States and China overshadowed strong U.S. jobs data. Spot gold held firm...

U.S. weekly initial jobless claims remain nearly unchanged

Jul 02, 2020 19:33 pm UTC| Commentary

U.S. initial jobless claims for the week ended 27th June came in at 1.427 million, only slightly lower than the 1.482 million seen in the prior week. Todays figure was above consensus expectations of 1.35 million as the...

Canadian trade deficit narrows in May on rise in exports

Jul 02, 2020 18:37 pm UTC| Commentary

Canadian trade deficit narrowed to CAD 677 million in May, after a revised deficit of CAD 4.3 billion recorded in the prior month. On a sequential basis, exports rose 6.7 percent; however, imports saw a further decline of...

U.S. trade deficit widens in May on fall in exports, pace of decline in global trade decelerates

Jul 02, 2020 16:35 pm UTC| Commentary

The U.S. trade deficit widened in May, rising to USD 54.6 billion from Aprils 49.8 billion. This is owing to exports dropping more than imports. The positive news is that the rate of fall in global trade decelerated in...

U.S. nonfarm payrolls rise above expectations in June, jobless rate falls to 11.1 pct

Jul 02, 2020 13:56 pm UTC| Commentary

U.S. nonfarm payrolls rose above consensus expectations in June. Nonfarm payrolls rose 4.8 million, as compared with consensus forecasts of a rise of 3 million. Jobless rate also rebounded in the month, dropping to 11.1...

Gold off near 8-year peak as upbeat U.S. data, vaccine hopes boost investor risk appetite

Jul 02, 2020 09:05 am UTC| Commentary

Gold prices declined, drifting away from a near 8-year peak hit in the previous session, as demand for safe-haven assets eased following solid U.S. manufacturing data and promising results from a COVID-19 vaccine trial....

Gold near 8-year peak as coronavirus fears cast shadow over recovery

Jul 01, 2020 08:14 am UTC| Commentary

Gold prices rallied to a fresh near 8-year peak, as safe-haven demand surged on worries about the global economic impact of surging coronavirus infections around the world. However, improving economic data offset worries...

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Economy

China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook

Chinas factory activity contracted at the start of the year, highlighting persistent pressure from weak domestic demand despite continued policy support from Beijing. An official survey released on Saturday showed that...

U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal

The United States government was on track for a partial shutdown early Saturday after Congress failed to finalize a funding agreement before the midnight deadline. Although the U.S. Senate ultimately passed a bipartisan...

Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair

Gold and silver prices suffered a dramatic selloff on Friday after President Donald Trump nominated former Federal Reserve Governor Kevin Warsh to replace Jerome Powell as Fed chair, easing fears about the central banks...

Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets

Wall Street ended Friday on a weaker note as risk-off sentiment dominated trading, driven by hotter-than-expected U.S. inflation data, a dramatic sell-off in precious metals, and major political developments surrounding...

Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes

Asian currencies traded in a narrow range on Friday as the U.S. dollar rebounded modestly from a near four-year low, following comments from U.S. President Donald Trump that he would announce his nominee for the next...

Politics

Venezuela Proposes Amnesty Law and Plans to Transform Helicoide Prison

Venezuelas interim president Delcy Rodríguez announced on Friday a proposed amnesty law aimed at releasing hundreds of prisoners and easing political tensions in the country. Speaking at an event held at the Supreme...

U.S. Approves Over $6.5 Billion in Military Sales to Israel Across Three Defense Contracts

The United States has approved more than $6.5 billion in potential military sales to Israel through three separate defense contracts, according to announcements released by the Pentagon on Friday. The approvals, granted by...

Syria-Kurdish Ceasefire Marks Historic Step Toward National Unity

The Syrian government and Kurdish-led forces have reached a landmark ceasefire agreement that sets out a phased integration of Kurdish fighters into state institutions, easing fears of a major military confrontation in...

Putin Envoy Kirill Dmitriev to Visit Miami for Talks With Trump Administration Officials

Russian President Vladimir Putins special envoy, Kirill Dmitriev, is expected to travel to Miami on Saturday for meetings with members of U.S. President Donald Trumps administration, according to two sources familiar with...

Kevin Warsh’s Fed Nomination Raises Questions Over Corporate Ties and U.S.–South Korea Trade Tensions

Kevin Warsh, President Donald Trumps nominee to lead the Federal Reserve, is drawing renewed scrutiny over his corporate affiliations as trade tensions between the United States and South Korea escalate. Warsh, a former...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

Speculation around a potential Musk Inc has resurfaced as Elon Musks companiesSpaceX, Tesla, and xAIexplore closer ties amid rapid advances in artificial intelligence and automation. With SpaceX expected to go public later...

SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

SpaceX delivered a strong financial performance last year, generating an estimated $8 billion in profit on revenues between $15 billion and $16 billion, according to people familiar with the companys results. The figures,...

SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom

SpaceX has revised its Starlink privacy policy to allow customer data to be used for artificial intelligence training, a move that could significantly support Elon Musks broader AI ambitions. The policy change comes as...

Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says

Nvidias ambitious plan to invest up to $100 billion in OpenAI, aimed at supporting the training and operation of next-generation artificial intelligence models, has reportedly hit a roadblock. According to a report...

Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI

A U.S. federal judge has signaled she may dismiss a high-profile lawsuit filed by Elon Musks artificial intelligence startup, xAI, against rival OpenAI, dealing a potential setback to Musk in an escalating legal battle...