Crude oil prices rose sharply on Wednesday after data showing an unexpected drop in U.S. crude stockpiles in the week ended September 22 added to concerns about tightening supplies amid production cuts by OPEC and allies. West Texas Intermediate Crude oil futures for November climbed $3.29 or about 3.6% to […]

On September 20th, the Fed skipped another interest rate hike, opting to hold it in the 5.25 – 5.50% range. This was despite inflation reheating in August, beating the expected 3.6% forecast by a 0.1% rise. However, the Fed’s preferred inflation gauge, core CPI, remained in line with Dow Jones […]

E-commerce and cloud computing giant Amazon is set to inject $4 billion into Anthropic, an artificial intelligence (AI) startup founded by former OpenAI members. The move, which will give Amazon a minority stake in Anthropic, is seen as the company’s major foray into generative AI, a space currently dominated by […]

The Federal Reserve’s Federal Open Market Committee (FOMC) will announce its decision on another interest rate hike Wednesday afternoon. Economists and Fed watchers are expecting the FOMC to leave the federal funds rate at its current level of 5.25% to 5.50%. An added bonus this time is the release of […]

Inflationary pressure remains stubbornly high in the United States lately, thanks to a rise in fuel prices. Therefore, investors must closely watch consumer staples stocks such as Mondelez International MDLZ, Hershey HSY and McCormick & Company MKC as they provide a natural hedge against inflation. Consumer Price Still Running Hot […]

Maplebear, more widely known as Instacart, the grocery delivery service that was founded in 2012 and reached its peak valuation two years ago, has raised its initial public offering price range from $26 to $28 per share to a new range of $28 to $30. The company is selling 14.1 […]

After moving lower over the course of the previous session, treasuries saw some further downside during trading on Friday. Bond prices came under pressure early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its […]

Gold futures settled higher on Thursday, although the uptick was just marginal as the dollar climbed up amid uncertainty about the outlook for U.S. interest rates. The European Central Bank today raised its key interest rates for the tenth policy session in a row as rate-setters assessed the euro area […]

Treasuries showed a lack of direction throughout much of the trading day on Tuesday before eventually closing modestly higher. Bond prices spent most of the session lingering near the unchanged line but moved to the upside going into the close. Subsequently, the yield on the benchmark ten-year note, which moves […]

The futures traded lower, after a solid Monday across Wall Street that saw all the major indexes post gains to start off the trading week. The Nasdaq led the way higher, up over 1% on the day. After a losing week, the buyers held serve on Monday, even though the […]