Gold price maintained defensive stance late during the New York session after an early US employment report showed that the Fed is right about pushing back on recession chatter. Gold is trading at $1773.33, down by almost 1%.Before Wall Street opened, the US Bureau of Labour Statistics revealed that the …

The price of crude oil rose on Friday, balking at the July U.S. jobs report, which suggested that the Federal Reserve could tighten further and limit the demand for crude oil. WTI rose to $90.69 per barrel on Friday at 11:22 a.m. ET, up $1.20 (+2.43%) on the day. Crude …

The US drilling rig count is down 3 units to 764 rigs working for the week ended August 5, according to Baker Hughes data. The count is up 273 units from the 491 rigs working this time a year ago.At 746 rigs working, the land rig count is unchanged from …

The EUR/USD pair has snapped two straight weeks of gains, and now drops 0.42%. The common currency is trendless, within the boundaries of 1.0096-1.0278.From a daily chart perspective, the EUR/USD might probe the 1.0096 low before a re-test of YTD lows below the parity level. The EUR/USD slumps late as …

Lyft Achieves Record Earnings Lyft’ adjusted earnings hit $79 million in the second quarter. The Company sees “material improvement” in driver shortage. Lyft shares jumped as much as 8.6% Friday and is on track for its best week in nearly two years on after reporting the highest earnings in its …

In its latest meeting, the Reserve Bank of Australia hiked the key interest rate by 50 basis points to 1.85%. According to analysts, the RBA will likely raise again in September but with a 25 bps rate hike. They see the rate peak at 3.10% by early next year.August’s announcement …

The GBP/USD pair prepares to finish the week with hefty losses of 0.78%. US labour data poured cold water on recession fears ahead of next week’s CPI. The GBP/USD tanks reached a fresh weekly low at 1.2002 as a reaction to a stellar US employment report which eases US recession …

The July US official employment report showed better-than-expected numbers and triggered a rally of the US dollar on Friday. According to analysts, at least a 50 bps rate hike at the September 20-21 FOMC meeting seems on the table at this point of time, and yet another 75 bps hike …

Last April, Elon Musk made a $44 billion offer to buy Twitter before he decided in July that he wanted to cancel the deal. On the other hand, Twitter said this does work works when one has already made a legally binding commitment. US courts now have the mission and …

Alibaba Group’s first-quarter results beat Wall Street’s expectations after the platform company cut costs during a resurgence of the coronavirus pandemic across China.US listed shares of the Chinese Alibaba fell in half over the past year, though analysts saw encouraging trends in latest earnings report that could help change the …