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Gold bars are stored in a safe deposit room in Munich, Jan. 28, 2026.Angelika Warmuth | ReutersSpot gold prices rose by 1.4% on Friday morning, putting the precious metal on track for its first weekly gain in five weeks after coming under sustained pressure this year. By 4:30 a.m. ET, spot gold was trading at around $4,182.28 an ounce and on course for a 2.3% weekly gain – which would be its first weekly rise since late May. Front-month U.S. gold futures were up by 1.5% on an intraday basis. Stock Chart IconStock chart iconSpot goldGold prices have fallen this year,…
Russian fuel crisis prompts rush for Chinese electric cars Source link
Commercial vessels remain anchored off Port Sultan Qaboos around Qaboos Port on June 21, 2026 in Muscat, Oman.Elke Scholiers | Getty Images News | Getty ImagesOman’s reputation for neutrality has earned it the nickname the “Switzerland of the Middle East.”But the country, which sits to the south of the Strait of Hormuz, is employing a deliberately opaque diplomatic strategy in discussions about tolls for the critical waterway, and markets have a “blind spot” for what could happen next, analysts tell CNBC.Oman has served as a key intermediary in regional crises and remains one of the few countries trusted by both…
The sun rises behind the skyline of midtown Manhattan, the Chrysler Building and the Empire State Building on a day with an extreme heat warning in New York City on July 2, 2026, as seen from Jersey City, New Jersey.Gary Hershorn | Corbis News | Getty ImagesA prolonged and dangerous period of extreme heat across the central and eastern U.S. is poised to continue into the Independence Day weekend, exposing pressure points for power markets and transport.Temperatures of up to 105 degrees Fahrenheit (40.5 degrees Celsius) are expected, according to the National Weather Service, with some daily, monthly and all-time…
Pirelli shares up on report of Czech billionaires eyeing Sinochem stake Source link
During the 2023 leadership contest, Yousaf defended his decision to miss the final vote on Scotland’s equal marriage legislation after it was claimed he had arranged a meeting as cover.Yousaf insisted he had an “unavoidable” engagement about a death row prisoner in Pakistan, adding: “I support equal marriage. I supported it then, support it now.”Asked earlier this week if he would have attended the ARC event, First Minister John Swinney replied: “I certainly wouldn’t speak at a conference like that because I’m going to have nothing to do with Reform.”In response to a separate question about political disquiet, Forbes said…
The U.S. dollar was on track for the biggest weekly drop in nearly three months on Friday, after a tepid June jobs report pushed back markets expectations for Fed rate hikes, providing some relief for the embattled yen.Yuriko Nakao | Bloomberg | Getty ImagesThe U.S. dollar was on track for the biggest weekly drop in nearly three months on Friday, after a tepid June jobs report pushed back markets expectations for Fed rate hikes, providing some relief for the embattled yen.Softness in the greenback continued in early Asian trade, with the euro hovering near its two-week peak at $1.1442. Sterling was also…
Goldman Sachs upgrades Maersk, raises PT on 2027 outlook Source link
If the car-buying public had qualms about Tesla, it appears to have gotten over them. This morning, the automaker released its sales and production numbers for the second quarter of the year. And if you’re a fan of activist CEO Elon Musk, it’s good news, as April, May, and June were great months for the company. In total, Tesla sold 480,126 EVs during Q2, a 25 percent year-over-year increase. As expected, the Model 3 and Y make up the vast majority of sales; despite its size, Tesla still only mass-produces these two models, which accounted for 467,762 deliveries, a 25.2…
People walk past a collapsed building following an earthquake in Caracas on June 25, 2026. Powerful twin earthquakes have killed 32 people and injured more than 700, the nation’s interim president said on June 25, after the massive shocks collapsed entire buildings and sent people running in panic.Manaure Quintero | Afp | Getty ImagesThe death toll from twin earthquakes that struck Venezuela rose to 2,595, Acting President Delcy Rodríguez said Friday, an increase of 300 from the previous day, as rescue operations continued for more than a week after the country’s strongest tremors in over a century.The government has not…
