Oil prices fell on Wednesday after industry data showed that crude stocks in the United States rose more than expected, but supply concerns limited losses. Brent crude futures for December were down 72 cents, or 0.8 percent, at $92.80 a barrel by 0330 GMT, after closing up 26 cents in …

Gold prices fell on Tuesday as the dollar stabilized, but expectations that the Federal Reserve would slow the pace of interest rate hikes limited the precious metal’s losses. Spot gold fell 0.5% to $1,640.62 an ounce by 1238 GMT, while US gold futures fell 0.6 percent to $1,644.70. The dollar …

The monthly data published by the US Federal Housing Finance Agency showed on Tuesday that the Housing Price Index fell by 0.7% on a monthly basis in August. This print followed July’s decrease of 0.6% and came in lower than the market expectation of -0.3%. Meanwhile, the S&P/Case-Shiller Home Price …

The Coca-Cola Company raised its forecast for its full-year financial results Tuesday, October 25, after beating expectations for its quarterly earnings and revenue. The company also provided an outlook towards 2023 saying it expects inflation to continue to drive up its expenditures and commodity prices to remain volatile. However, the …

General Motors posted stronger-than-expected third-quarter earnings Tuesday while repeating its full-year profit outlook, as higher car prices helped fuel record sales for the biggest U.S. automaker. General Motors said adjusted earnings for the three months ending in September came in at $2.25 per share, up 48.5% from the same period …

The British pound rose on Tuesday, boosted by an improvement in risk appetite as Rishi Sunak prepares to take over as Britain’s prime minister. At the same time, the euro stabilized ahead of the European Central Bank’s expected rate hike on Thursday. The dollar rose slightly, but not far from …

The headline German IFO Business Climate Index eased slightly to 84.3 in October versus the previous reading of 84.4 the market consensus of 83.3. Meanwhile, the Current Economic Assessment dropped to 94.1 points in the reported month as compared to July’s 94.5 and 92.4 expected. The IFO Expectations Index – …

European shares gained on Tuesday after a series of better-than-expected earnings reports helped allay fears of rapid interest rate increases and a slowdown in the euro-zone economy. The pan-European STOXX 600 index rose 0.5% by 0717 GMT, with the media and technology sectors compensating for losses in chemical shares. SAP …

Japanese stocks rose on Tuesday, October 25 as electric car maker Nidec Corp. started its earnings season with solid results and boosted hopes that other companies might benefit from the weak yen. The index rose at the beginning of trading today only 0.51%, but ended trading up 1.02%, while the …

The World Bank said on Monday it has provided an additional $500 million to help Ukraine meet urgent spending needs caused by Russia’s Feb. 24 invasion and ongoing war on its soil. This came on the eve of a conference in Berlin on Tuesday where world leaders, development experts and …