Category: Top Story

Gold prices retreated in Thursday’s Asian session, stepping back from recent record levels as the U.S. dollar strengthened following the Federal Reserve’s widely anticipated interest rate cut and its cautious outlook for future policy moves. Spot gold dropped 0.7% to $3,635.55 per ounce by 02:24 ET (06:24 GMT), extending losses of nearly 1% from the…

Oil prices softened in Asian trading on Thursday, retreating after earlier climbs to two-week highs as markets reacted to the Federal Reserve’s interest rate cut and mixed signals from U.S. crude inventory data. Crude had been trending upward this week, driven by ongoing military tensions between Russia and Ukraine, which raised concerns about potential disruptions…

Lyft Inc. (NASDAQ:LYFT) and Waymo have joined forces to introduce autonomous ride-hailing in Nashville in 2026, the companies announced in a press release. The partnership will leverage Lyft’s Flexdrive subsidiary to manage Waymo’s autonomous fleet, covering vehicle maintenance, infrastructure, and depot operations. Initially, passengers will book rides through the Waymo app, with plans to integrate…

Silver has jumped to $42 an ounce, its highest level in 14 years, fueled by record-breaking gold prices and strong investment demand. Following this surge, UBS has upgraded its forecasts for the metal, projecting that silver could reach all-time highs within the next year. The bank now expects silver to trade at $44 an ounce…

Manchester United (NYSE:MANU) on Wednesday revealed its sixth straight annual net loss, coupled with expectations of lower revenue in the current fiscal year, sending shares tumbling nearly 8% in premarket trading. The Premier League club reported a net loss of £33 million ($45 million) for the year ending June 30, an improvement from the £113.2…

Deutsche Bank analysts have increased their 2026 gold price forecast, citing strong recent gains in the metal and expectations for potential U.S. interest rate cuts, as well as ongoing questions over the Federal Reserve’s independence. In a client briefing, the team led by Michael Hsueh raised the average projected price for 2026 to $4,000 per…

Artificial intelligence (AI) has the potential to expand the value of international trade in goods and services by almost 40% by 2040, according to the World Trade Report 2025, released Wednesday by the World Trade Organization (WTO). The report outlines scenarios in which global trade grows between 34% and 37%, depending on the pace of…

China’s internet regulator has instructed major domestic technology companies to stop buying chips from Nvidia (NASDAQ:NVDA), the semiconductor leader favored in artificial intelligence, according to the Financial Times. Sources familiar with the matter told the FT that firms including ByteDance, owner of TikTok, and e-commerce giant Alibaba were directed by the Cyberspace Administration of China…

GSK (NYSE:GSK) and Eli Lilly (NYSE:LLY) announced new investments in U.S. manufacturing on Tuesday, joining a growing number of global pharmaceutical companies expanding domestic capacity as the Trump administration weighs tariffs on imported medicines. The Wall Street Journal first reported the trend, noting that more than a dozen drugmakers have committed over $350 billion in…