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Investing.com– Gold prices steadied close to record highs in Asian trade on Wednesday, recouping some recent losses as traders maintained bets that the Federal Reserve will cut interest rates further. The yellow metal had hit record highs in September, but has since remained rangebound in the low-to-mid $2,600 an ounce…
(Reuters) – Boeing (NYSE:) faces a crucial test with employees, customers and investors after announcing 10% job cuts and $5 billion in charges as a crippling machinists strike enters a fifth week. The planemaker plans a series of internal meetings this week to lay out the jobs plan, which could…
By Alex Lawler LONDON (Reuters) -OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer group’s third consecutive downward revision. The weaker outlook highlights the dilemma faced by OPEC+,…
Investing.com — Morgan Stanley in a note dated Monday revised its outlook for key European oil and gas stocks, cutting ratings and price targets amid concerns about weakening demand. The analysts point to a softening macroeconomic environment, which is expected to drag on both oil and gas prices over the…
By Echo Wang (Reuters) -Wall Street’s main indexes rose in mid-afternoon on Monday as investors assessed whether a trend will develop in the week following the Federal Reserve’s rate cut. The gains come amid comments from Fed policymakers and steady factory activity data, building on last week’s sharp market rally…
By Nora Eckert and Giulio Piovaccari DETROIT/MILAN (Reuters) – Chrysler-parent Stellantis (NYSE:) is seeking to strengthen its positioning in North America by slashing its bloated inventories and cutting vehicle prices, the group’s finance chief said on Monday. The automaker is aiming to cut 100,000 vehicles from its U.S. inventories by…
Investing.com — With the Federal Reserve likely to initiate rate cuts in the upcoming meeting on September 17-18, investors are increasingly focused on the potential impacts of U.S. monetary easing on industrial metals, particularly and . Analysts at HSBC have constructed two possible scenarios, offering insights into how copper and…
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health…
The nation’s central bank has finally cut interest rates for the first time in over four years. But Americans might not feel that relief just yet. On Wednesday, the Federal Open Market Committee announced an interest-rate cut of 50 basis points, concluding years of the Federal Reserve’s aggressive inflation-fighting as…
Investing.com — Goldman Sachs in a note dated Monday has revised its price forecast for the fourth quarter of 2024, lowering the expected price to $85 per ton from $100 per ton. This adjustment reflects growing concerns over an oversupply in the global iron ore market, exacerbated by persistently strong…
