Gold futures markets have seen open interest and volume rise for the second session in a row, according to preliminary readings from CME Group. Open interest rose by around 14,800 contracts on Tuesday, while volume added around 48,500 contracts to the previous daily build. This suggests that traders and investors.
On Wednesday, the ADP report on private-sector employment for March will be released, providing insight into the current state of the US labor market. This report, due at 12:15 GMT, will offer estimates of private-sector job additions during the reported month. The data is anticipated to show an increase of.
Natural gas futures markets have continued their uptrend as traders add nearly 16,000 contracts to their open interest positions on Tuesday, according to CME Group’s flash data. This has extended the uptrend that has been in place since March 27, driven by a combination of factors including colder-than-average temperatures in.
Johnson & Johnson (NYSE:JNJ) announced on Wednesday that its offer to settle talc-related lawsuits for $8.9 billion has gained the support of thousands of claimants, leading to a 3% increase in its shares before the bell. The settlement is significantly higher than the initial offer of $2 billion and could.
Introduction: The US Dollar Index has recently rebounded modestly after a two-day slide, while the EUR/USD has the potential to test 1.1000 in the near term. Investors will be closely watching the upcoming ADP employment and ISM Services PMI data from the US, which could have a significant impact on.
Gold prices have been oscillating in a narrow band just below their highest level since March 2022, benefitting from a combination of factors that have boosted investor sentiment towards the precious metal. One of the key drivers of this trend is the expectation that the Federal Reserve will pause its.
General Motors (NYSE:GM) has announced that 5,000 of its salaried workers have taken voluntary buyouts, as part of its cost-cutting efforts. CFO Paul Jacobson stated that this move will save the company $1 billion on an annual basis, and will cover 6% of the automaker’s 81,000 white-collar employees. The buyouts.
The Biden administration has released final guidance on how clean energy companies can secure additional tax credits when investing in US communities economically tied to fossil fuels like oil and coal. The Inflation Reduction Act (IRA) passed last year by Democrats extended a 30% tax credit for wind, solar, and.
Introduction A major shareholder in Seven & i Holdings is urging the company to spin off its 7-Eleven convenience store chain and add new directors to the board. This move reflects growing frustration among investors with the conglomerate structure of the company. In this article, we will explore the reasons.
The global oil market is constantly in flux due to a variety of factors, including supply and demand, geopolitical tensions, and economic trends. On Wednesday, oil prices were steady as the market weighed the gloomy economic prospects against expectations of U.S. crude inventory declines and plans by OPEC+ producers to.
Introduction Bank of America analysts have raised the price target on Apple (NASDAQ:AAPL) stock to $168 per share to reflect higher estimates for 2023 and 2024. This development comes after checks showed that the iPhone and Services trends “are stable to better,” further supported by the falling dollar. In this.
Introduction The trade ministers of the Group of Seven (G7) countries recently held a teleconference to discuss issues related to export controls and economic security. The G7 is an intergovernmental organization consisting of seven of the world’s most industrialized economies, including Canada, France, Germany, Italy, Japan, the United Kingdom, and.