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Oil prices edges lower; China stimulus, Trump repercussions in focusvictory
Oil prices slipped Thursday, continuing the previous session's weakness on the
back of a strong dollar and lower crude imports in China.
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Asia stocks dip amid rates, election uncertainty; China shares drift higher
Most Asian stocks fell on Tuesday as uncertainty over interest rates and the
U.S. presidential election kept traders largely risk-averse, while Chinese
markets drifted higher after an interest rate cut.
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Boeing shares rise after labor offer but analysts wary of worker pushback
Boeing shares rose 3% on Monday on hopes of an end to a crippling strike,
although some analysts questioned whether a proposed labor contract unveiled
over the weekend would muster enough support from the U.S. planemaker's workers.
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Oil prices dip as rebound stalls; demand fears persist
Oil prices fell in Asian trade on Tuesday as a recent rebound ran out of steam,
with concerns over slowing demand in major oil consumer China remaining squarely
in play.
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Dollar rises in tandem with US rates on economic view
The dollar climbed on Monday, buoyed by a rise in U.S. bond yields, as a run of
solid U.S. economic data suggested the Federal Reserve can afford to be patient
in cutting rates while investors positioned for the Nov. 5 presidential
election.
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Citi stays bullish on gold, hikes price 3-month outlook to $2,800 per ounce
Citi Research raised its three-month forecast for gold prices, citing possible
further U.S. labor market deterioration, interest rate cuts by the Federal
Reserve, and physical and ETF buying, it said in a note on Monday.
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Facebook owner Meta restarts facial recognition tech in 'celeb-bait' crackdown
Three years after Meta shut down facial recognition software on Facebook
(NASDAQ:META) amid a groundswell of privacy and regulator pushback, the social
media giant said on Tuesday it is testing the service again as part of a
crackdown on "celeb bait" scams.
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