Browsing: Business

Wall Street indices closed higher Thursday as semiconductor stocks powered a broad rebound in U.S. equities. The Nasdaq Composite rose 1.91% to 26,517.93. The S&P 500 advanced 1.08% to 7,500.58. The Dow Jones Industrial Average gained 0.14% to 51,564.70.

Gold prices headed for a third straight weekly loss on Friday as a stronger U.S. dollar and firmer rate expectations weighed on bullion. Spot gold fell 2.1% to $4,121.95 an ounce by 0508 GMT. The metal touched its lowest level

Oil prices rose more than $2 a barrel on Thursday as traders reacted to new tensions around the Strait of Hormuz and a sharp fall in U.S. crude inventories. Brent crude futures climbed $2.30, or 2.47%, to $95.40 a barrel. U.S. West Texas

U.S. stocks closed mixed Tuesday as renewed pressure on technology and semiconductor shares pulled the S&P 500 and Nasdaq Composite lower. The Dow Jones Industrial Average rose 86.10 points, or 0.17%, to 50,872.11. The S&P 500 fell 19.08 points, or 0.26%, to 7,386.65. The

Global oil prices fell sharply as Brent crude futures dropped more than 4% during trading before settling lower, extending volatility in energy markets tied to Middle East supply routes. Brent closed down 3% at $91.45 a barrel after touching its lowest level since

The World Economic Forum said geoeconomic fragmentation now costs the global economy $213 billion to $307 billion each year. The estimate appears in its new report, Deepening Divides: The Cost of a More Fragmented Financial System. The report said current

U.S. stocks closed lower Wednesday as a broad market sell-off pulled major indexes back from recent highs, with losses concentrated in financial, technology and small-cap shares. The S&P 500 fell 56.10 points, or 0.7 percent, to 7,553.68, ending a nine-session winning streak.

The U.S. 10-year Treasury yield moved back near 4.5 percent on Wednesday and held close to that level on Thursday, after stronger labor market readings and elevated oil prices added pressure to government bonds. The benchmark yield was around 4.49 percent on

Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, has renewed his warning that U.S. equities are vulnerable after a prolonged advance that left major benchmarks trading near record levels. In a published interview, Schiff described the

OpenAI’s ChatGPT reached 1 billion monthly active app users worldwide in May 2026, according to data from market intelligence firm Sensor Tower, marking the fastest rise to that level recorded for a consumer app. The estimate places ChatGPT among the