Chevron Corporation reported a significant decline in second-quarter earnings on Friday, sending its shares down by 3%. The oil giant also revealed that its planned $53 billion acquisition of Hess Corporation is likely to be postponed until mid-2025, if not entirely blocked. This news follows recent statements suggesting a potential …

Latest NFP data has sent mixed messages to investors, resulting in significant movements across global financial markets, particularly affecting the US dollar, oil, and gold.In July, the Non-Farm Payrolls report showed an increase of 114,000 jobs in the United States, significantly lower than the previous reading of 179,000 jobs and …

Gold futures exceeded the 2500 mark and are trading at 2,514.00 per ounce at the time of writing; up +1.34%. The price of Gold rose to just under $2,470 per ounce this morning, approaching the record high of mid-July, boosted by comments made by Fed Chairman Powell on Wednesday evening. …

Apple defied analyst expectations in its third-quarter earnings report, exceeding targets for both earnings per share and revenue. However, the win came with a caveat: a decline in iPhone sales, a key revenue driver.China Challenge PersistsWall Street’s focus was on Apple’s performance in China, a crucial market. While the company …

The US dollar emerged as a clear safe-haven asset, rallying significantly amidst a broader risk-off environment. The greenback’s strength was exacerbated by a cautious monetary policy stance adopted by the Bank of England, which opted for a 25 basis point rate cut while expressing concerns about the potential for further …

The most important US employment data of the month is expected to be released on Friday amid expectations of a significant decline in job growth in the United States, with a stable unemployment rate and a decline in wage growth. On the first Friday of each month, US employment data …

Oil prices experienced a modest uptick on Friday, August 1st, 2024. However, this increase is unlikely to prevent a fourth consecutive week of losses. Concerns about slowing global economic growth and declining demand are overshadowing the potential impact of rising tensions in the Middle East. The primary driver behind the …

Despite the Federal Reserve adopting a dovish tone during the FOMC meeting, Bitcoin’s price remained weak. Fed Chair Jerome Powell hinted at a rate cut in September, which had already been priced in by the market at 0.25% odds.While US equities responded positively, the crypto market showed little interest, with …

The US Dollar rebounded after the Federal Reserve’s (Fed) decision, with market participants focusing on Friday’s Nonfarm Payrolls data. Despite signs of disinflation, the strong US economic landscape led Fed Chair Jerome Powell to maintain a data-dependent stance. While chances of a rate cut in September increased, Powell’s demand for …

Gold prices surged past $2,450 on Thursday, fueled by the Federal Reserve’s (Fed) signal of potential rate cuts and escalating tensions in the Middle East. The Fed expressed increased confidence in a slowing inflation rate during the second quarter, bolstering expectations for a policy shift.The XAU/USD index reached a two-week …