Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals tumbled as an intensifying trade war between the United States and China triggered worries over demand for raw materials. Gold, which climbed to a record peak last week, also fell amid a wider markets sell-off. Major stock indexes…
Spend any time on a farm and you soon appreciate the grit required to land that sirloin on your plate. From fencing and drenching to battling storms, environmental regulations, labour shortages and high interest rates — farming is heavy weather. For the red meat sector, the headwinds are getting stronger. There are four storms. AdvertisementAdvertise…
The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. For that, however, the industry needs the “right business conditions”. Offshore Energies UK said that local energy production was estimated at some 2 billion…
Even though policymakers in Beijing may be putting up a sanguine show, not all is well with China’s economy. Its latest official data reveals that prices in China fell 0.7% from a year earlier in February, marking the first time in more than a year that the economy is in the grip of deflation. Also…
At the strike of midnight on Tuesday, local businesses were met with a big shift: President Donald Trump officially implemented a 25 percent tariff on most Mexican imports. As a result, the cross-border industries in Ambos Nogales could see major impacts to their operations, local business leaders said: Some produce distributors in Nogales, Ariz. could…
Crude oil prices were heading towards a weekly gain earlier today following an update from the World Bank on the growth prospects of the Chinese economy next year. Brent crude was trading at $73.18 per barrel at the time of writing, with West Texas Intermediate at $69.58 per barrel, after the World Bank revised upwards…
Bank of America downgraded AMD on Monday, citing higher competitive risk in the AI market. AWS customers’ low demand for AMD AI chips and Nvidia dominance impact AMD’s growth potential. AMD could still succeed due to Nvidia supply issues and its server chip market position. Bank of America downgraded AMD after a Business Insider report…
Demand for Coldplay’s concerts in Hong Kong remains high with fans reporting being stuck in a virtual queue for at least 30 minutes when advance tickets for an added show went on sale. Hongkonger Rachel Ball said on Wednesday that she had managed to successfully buy tickets for Coldplay’s extra show on April 8, after…
Morning! Retired Navy SEAL Jocko Willink sometimes works out for three hours a day, but some of the most effective exercises don’t require much equipment and can be done right at home. In today’s big story, all eyes are on Nvidia’s earnings report after the bell and what it says about the chip giant’s future….
Hedge fund managers who do best in choppy markets are not convinced by the post-election euphoria. These managers, like $16 billion firm Universa Investments, believe warning signs are flashing. One datapoint that markets are at a peak: Warren Buffett is holding more cash than ever. Thanks for signing up! Access your favorite topics in a…