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Gold prices held steady on Thursday, while a firmer dollar and fading hopes for near-term interest rate cuts due to higher oil prices continued to weigh.Hans-peter Merten | The Image Bank | Getty ImagesOne of the hottest trades of the past year might have run its course, if one options trader gets their way.In one of the most interesting macro trades of the day, someone sold upside call exposure in the SPDR Gold ETF (GLD) while simultaneously buying downside put exposure in a two-pronged trade that both brings in a million-dollar credit and creates potential for big gains if GLD…
The European Commission has found that Meta breached EU law by failing to prevent under-13s from accessing its platforms, as scrutiny of the tech giant’s handling of child safety intensifies. The commission said Wednesday that its preliminary investigations concluded that Meta violated the EU’s Digital Services Act because the minimum age requirement of 13 for Instagram and Facebook is not adequately enforced. When creating an account, minors can input a false birth date, with no controls in place to verify it, the Commission said.Additionally, the tool for reporting a minor’s account is “difficult to use” and requires up to seven…
In an aerial view, two-story single family homes line the streets on Jan. 14, 2026 in Thousand Oaks, California.Kevin Carter | Getty ImagesMortgage rates began climbing again last week, and that took a toll on refinance demand. Homebuyers, however, seem finally to be ready for the spring market.Total mortgage application volume fell 1.6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, increased to 6.37% from 6.35%, with points remaining unchanged at 0.61, including the origination fee,…
Stocks fall, oil rises, traders wait for tech earnings and Fed Source link
The whole town is “devastated,” Edelson told Ars. He recently visited Gebala in the hospital; the families suing have criticized Altman for failing to do the same. “She’s a fighter,” Edelson said. “Her mom is a fighter, but it is really hard.” Edelson’s team told Ars that the school has shut down and will soon be razed. In the meantime, students have been attending classes in makeshift trailers. Some students aren’t ready to go back to school. Mwansa’s little sister is too scared to return to the town because she feels unsafe. “What this town went through, it’s just unimaginable,”…
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered twice a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Welcome back.Few markets have ever had swings quite like those seen recently in European wholesale power prices. When the sun is shining and the wind is blowing, these can be very low indeed. On Sunday, the price in Germany hit an extraordinary record of minus €413.88…
Facade of a Taco Bell Cantina restaurant in Danville, California, Jan. 8, 2026. Smith Collection | Gado | Archive Photos | Getty ImagesYum Brands on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by another strong quarter for Taco Bell.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.50 adjusted vs. $1.38 expectedRevenue: $2.06 billion vs. $2.04 billion expectedYum reported first-quarter net income of $432 million, or $1.55 per share, up from $253 million, or 90 cents per share, a year earlier.Excluding charges related to its strategic…
Morgan Stanley upgrades ADNOC Gas on Strait of Hormuz reopening expectations Source link
Shares of Meta Platforms are recovering from a bruising stretch earlier this year, when investors shied away from the social media giant’s massive investment in artificial intelligence. Wednesday’s earnings will determine whether that rebound will continue. The stakes are high: Meta is in the midst of one of the most aggressive AI buildouts of all the megacaps. In recent weeks, the Facebook and Instagram parent laid out investments spanning cloud infrastructure and custom chips and inked massive compute commitments — all part of the company’s plan to spend as much as $169 billion this year, most of which will go…
Europe is urgently turning to alternative suppliers of jet fuel as imports from the Middle East remain knocked out — but the continent must “fight for every cargo” in what analysts have dubbed a “global stress test” for the airline industry.The loss of Middle Eastern jet fuel because of the Iran war is quickly becoming an acute logistics problem for Europe, according to analysts at Societe Generale.The continent’s average daily demand of about 1.6 million barrels of jet fuel a day is typically met primarily through domestic production, at 1.1 million barrels per day.But the additional 500,000 barrels is met…