Category: Top Story

The U.S. dollar remained relatively stable Thursday as investors exercised caution ahead of key economic data, amid uncertainty over how much further the Federal Reserve might ease monetary policy. At 03:00 ET (08:00 GMT), the Dollar Index, tracking the greenback against six major currencies, inched up to 97.552 after climbing 0.6% overnight to a two-week…

Gold prices held their ground in Asian trading on Thursday after falling from record peaks, pressured by a stronger dollar and cautious signals from the Federal Reserve. Spot gold last rose 0.2% to $3,713.42 per ounce at 03:01 ET (07:01 GMT), following Tuesday’s all-time high of $3,790.82/oz. December U.S. Gold Futures edged up 0.1% to…

Oil prices eased in Asian trade on Thursday, retreating from the seven-week highs hit in the previous session as investors locked in profits amid expectations of slower demand during the winter and the return of Kurdish crude supplies. Brent futures fell 19 cents, or 0.3%, to $69.12 a barrel by 0637 GMT, while U.S. West…

Recent data on U.S. New Home Sales shows a sharp rise in the annualized number of new single-family homes sold last month, reaching 800,000 units. This figure significantly exceeded analysts’ expectations of 650,000, beating forecasts by 150,000 units and highlighting strong demand in the housing market. Compared to the previous month’s 664,000 homes sold, this…

Oracle (NYSE:ORCL) saw its stock drop more than 2% shortly after Wednesday’s market open amid reports that the software company is considering a $15 billion U.S. investment-grade bond offering. Bloomberg News, citing sources familiar with the matter, reported that Oracle may structure the debt sale in up to seven tranches, including a rare 40-year bond.…

Alibaba Group (NYSE:BABA) shares jumped Wednesday after the Chinese e-commerce titan unveiled plans to significantly boost spending on artificial intelligence infrastructure and revealed a new collaboration with AI powerhouse Nvidia (NASDAQ:NVDA). As of 8:44 AM ET, Alibaba ADRs traded in the U.S. were up 8.9% at $177.70, while shares listed in Hong Kong climbed 9.2%…

U.S. crude oil inventories fell last week, according to the Energy Information Administration (EIA), but the decline was smaller than analysts had forecasted. The EIA reported that commercial crude oil stocks decreased by 607,000 barrels, below the expected drop of 800,000 barrels. Compared to the steep 9.285 million-barrel decline recorded the prior week, this week’s…

Levi Strauss & Co. (NYSE:LEVI) Class A shares climbed to a 52-week high of $23.41, highlighting a strong upward trend over the past year. Over the last 12 months, the stock has gained 11.35%, signaling steady growth and growing investor confidence. The company’s market strength and strategic initiatives have contributed to this positive momentum, underscoring…