Gold begins the week trading in a narrow consolidation after last week’s rally lost momentum near the 4,200 resistance. The market is now entering a wait-and-see mode as institutional traders position ahead of several high-impact U.S. events. This week’s primary catalysts include: FOMC Meeting Minutes – Investors will look for clues on the Fed’s rate…
By Heekyong Yang, Hyunjoo Jin and Joyce Lee SEOUL, July 7 (Reuters) – Samsung Electronics on Tuesday flagged a 19-fold jump in second-quarter operating profit, surpassing its combined earnings over the past three years, but investors wiped more than $80 billion off its market value on concerns over how long the AI bonanza will last….
US stocks mostly fell on Tuesday after Samsung’s (016360.KS) quarterly results sparked renewed selling in chip stocks and oil prices edged higher. The Dow Jones Industrial Average (^DJI) rose 0.4% on the heels of a record-setting day on Wall Street. However, the S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) fell 0.1% and 0.5%, respectively….
The oil majors are set for windfall earnings for the second quarter, which saw crude oil prices jump to a four-year high due to the closure of the Strait of Hormuz. The earnings at both ExxonMobil and Chevron are expected to have tripled in the April to June quarter compared to the first quarter, as…
WASHINGTON, July 6 (Reuters) – The investment industry is urging Wall Street’s top regulator to stick to its current practice of requiring quarterly reporting from publicly traded companies, according to the balance of public comment letters available on Monday. Responses to a proposal to let companies opt for semiannual reporting underscored a divide between investor…
Nigeria is trying to rebuild its energy industry from the ground up, not only trying to recover lost crude production, but working to turn itself into Africa’s dominant refining, gas, capital markets and energy export hub. The clearest test is the Dangote Refinery. The 650,000-barrel-per-day plant has already changed Nigeria’s fuel market and is now…
The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.72%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.26%. September E-mini S&P futures (ESU26) rose +0.82%, and September E-mini Nasdaq futures (NQU26) rose +1.35%. Stock indexes settled higher on Monday, with the S&P 500 posting a 2.5-week…
Railcar maker Greenbrier wrestled with the twin issues of volume and mix in the second quarter as lower railcar deliveries weighed on revenue and profits, even though cash flow stayed solid. Fiscal Q2 2026 earnings for the Lake Oswego, Ore.-based supplier (NYSE: GBX) saw weak earnings per share at $.47 versus $.89 in estimates, on…
I’ve spent more than 30 years tracking energy stocks. I can count on one hand the number of times a government decision made my pulse jump the way this one did. Earlier this year, the U.K. government handed down a quiet regulatory decision. No press conference. No headlines on the nightly news. Just a short…
Summary The major stock indices are mixed at midday on Monday, with the Nasdaq up 1.4%, the S&P up 0.73%, and the Dow Jones Industrial Average down 0.12%. . This is a quiet-before-the-storm period, as earnings season kicks off next week. Crude oil is at $69 pe
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