Oil prices increased, erasing previous losses, as a projected increase in US oil stocks was overshadowed by anticipation that OPEC+ will continue production restrictions. West Texas Intermediate rose about 1% to trade above $79 per barrel after previous gains this week fueled by indications of resilience in physical markets. The American Petroleum Institute, which is…
Copper surged beyond its important benchmark of $10,000 per ton following weeks of global trade disruption caused by President Donald Trump’s call for tariffs on the critical industrial metal. Last, Trumpp directed the US Commerce Department to examine US copper imports as a potential preliminary step towards slapping tariffs. Since then, US prices have skyrocketed,…
President Donald Trump claimed that the Federal Reserve should decrease interest rates, diverging from the US Central Bank, as experts assess the economic impact of his trade campaign. “The Fed would be MUCH better off CUTTING RATES as US tariffs begin to transition (ease!) into the economy,” Trump said on Truth Social. “Do the correct…
Gold prices remained stable on Thursday after reaching a new high earlier in the session, fueled by the Federal Reserve’s suggestion that the potential interest rate would decrease later this year and geopolitical and economic uncertainties, which fueled safe-haven demand for the metal. Spot gold remained steady at $3,044.44 per ounce after reaching a record…
According to its CEO, Nvidia will spend hundreds of billions of dollars on chips and other devices made in the United States over the next four years as the business shifts its supply chain away from Asia in response to Donald Trump’s tariff threats. The massive spending prediction from the world’s most valuable chip firm…
HCLTech has teamed up with Intel to introduce FlexSpace for AI PCs, a cutting-edge solution designed to revolutionize enterprise computing. The partnership brings advanced AI capabilities directly into business devices, enhancing performance, security, and efficiency for companies looking to optimize their digital workplaces. Transforming Enterprise AI with Local Processing FlexSpace integrates HCLTech’s Experience-as-a-Service (XaaS) platform…
Lucid Group Inc. (NASDAQ: LCID) saw its stock jump 8.8% on March 19, 2025, closing at $2.35 per share. The surge followed an upgrade from Morgan Stanley and growing excitement over the company’s potential in artificial intelligence (AI) and its latest leadership transition. Wall Street’s Vote of Confidence Morgan Stanley analyst Adam Jonas upgraded Lucid’s…
Tesla Inc. is facing a surge in vandalism and violent attacks on its dealerships, as CEO Elon Musk’s involvement in President Trump’s administration fuels public outrage. Since Musk took on the role of leading the Department of Government Efficiency (DOGE), his push for aggressive spending cuts has sparked protests, some of which have turned destructive….
The unexpected decline in Australian employment in February caused speculators to increase their bets on more interest-rate cuts this year, which in turn caused the currency and government bond rates to decline. Compared to a predicted 30,000 gain, employment fell 52,800, primarily from full-time positions, according to official figures released Thursday. Due to a decline…
For the second consecutive meeting, the Federal Reserve kept interest rates unchanged on Wednesday and upheld its earlier forecast of two rate cuts this year. However, in the face of uncertainty surrounding President Trump’s plans to apply a sweeping array of additional tariffs on top of those already levied on China, Canada, and Mexico, the…