Prerequisites for further growth
Fears about the economy are not the only factor pushing prices down. According to industry experts, most of the money that has left the commodity markets does not belong to…
Commodities cheaper before recession, but not for long
Prices for oil, metals and wheat are declining. Prices for oil, metals and wheat are declining FIG.1 The military conflict in Ukraine cut off the flow of raw materials, which…
Amazon breaks 50-day moving average for first time since April
Shares of Amazon.com Inc. (NASDAQ: AMZN) surged 2.0% in Thursday afternoon trading, pushing it above the 50-day moving average (MA), which many analysts see as a short-term trend indicator. This…
Gold futures rose for the first time in 8 sessions
Gold futures rose on Thursday, ending a seven-session streak of declines, the longest decline in more than three years. August gold rose $3.20, or 0.2%, to $1,739.70 an ounce a…
Christopher Waller: Fed wants to tame inflation
Federal Reserve Governor Christopher Waller said today he supports a 75 basis point hike in interest rates this month and a smaller 50 basis point increase at the next meeting…
Re/Max Holdings to cut 17% of staff
Re/Max Holdings Inc. (NYSE: RMAX) said late Thursday it expects to cut its workforce by about 17% by the end of the year, mostly technical jobs. A real estate company…
Costco increased sales by 20%
Retailer Costco (NASDAQ: COST) posted net sales of $22.78 billion in June. This is more than the $18.92 billion received in the same period a year earlier.
Stock indices rose steadily on Thursday
US stocks closed higher on Thursday, with the S&P 500 and Nasdaq Composite posting gains for the fourth day in a row. The S&P 500 rose 1.5%, the Nasdaq Composite…
Oil futures fell below $100 a barrel
Oil futures fell sharply on Tuesday as prices fell below $100 a barrel, their lowest level in more than two months. This came under pressure from a stronger US dollar…
Indices ended trading at the highs of the day
The stock market started Tuesday’s session on concerns about future economic growth. By the end of the day, these fears gave way to a sense of relief about a possible…