President of the Federal Reserve Bank of St. Louis, James Bullard, believes the United States Federal Reserve should take a decision about tapering the massive asset purchases in September and begin the process during the first quarter of next year. Bullard believes that monetary policymakers need to consider the possibility …

The main indices of the New York Stock Exchange (NYSE) finished lower on Friday, registering a weekly decline but maintaining monthly gains in July, with Wall Street investors worried about the spread of Coronavirus Delta variant, despite the positive earnings reports by some of the market’s major listed companies. The …

Oil prices finished higher on Friday, extending their weekly and monthly increases, amid expectations for tight supply over the coming months, with a recovery in the demand in the market. Brent crude futures gained 28 cents, or 0.37%, to settle at $76.33 per barrel. The global benchmark crude front-month contract …

The European Union has imposed a huge fine on Amazon.com due to violating data protection rules. The e-commerce giant will have to pay a record $886.6 million for processing personal data in violation of the EU’s General Data Protection Regulation (GDPR). A ruling was issued by the Luxembourg National Commission …

Gold prices declined on Friday, as the U.S. Dollar (USD) rebounded from its recent losses, but the yellow metal was able to maintain the key $1,800 level by the end of the week to register weekly gains. Front month futures closed lower by $18.60 or 1.02% at $1812.60 per ounce. …

Europe’s stocks declined on Friday, retreating after closing Thursday’s trading session at a new all-time high, following the release of inflation data and more earnings reports. The STOXX Europe 600 Index lost 2.10 points or 0.45% and closed at 461.74 points. Travel and leisure stocks led today’s decline and plunged …

The U.S. Dollar (USD) is showing some recovery signs on Friday, following steep declines over the past four sessions, which brought the greenback to its lowest level in about six weeks against major currencies. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies …

The main indices of the New York Stock Exchange (NYSE) finished Thursday higher, despite a weaker than expected GDP growth numbers registered in the second quarter, as Wall Street investors seemed more optimistic about the Federal Reserve vowing to maintain the low-interest rates for the time being. Accordingly, the Dow …

The Canadian Dollar (CAD) capitalized on the decline of the U.S. Dollar (USD) across the board and the surge in crude oil prices to rise to its highest level in about three weeks. The USD/CAD pair declined by about 0.64% and reached the level of 1.2448 by the end of …

Oil prices rose registered their largest rise in a week, joining an upward trend by most commodities amid a decline by the U.S. Dollar (USD). Crude oil futures also continued to be supported by the weekly decline in U.S. inventories, as official data showed on Wednesday, easing recent concerns about …