Browsing: Business

– Bank of America, Blackstone, Citi and Morgan Stanley announced a $63 billion financing structure on Monday, October 26, to fund AI computing capacity for Anthropic. The deal will pay for technology from Broadcom, which will be leased to the

– US markets are heading into one of the busiest weeks of the earnings season, with three of the biggest names in the Magnificent 7 set to report quarterly results. Alphabet, Microsoft and Amazon will release figures as investors look

– Oil prices rose on Wednesday, October 21, with Brent crude futures climbing $1.21 to $110 per barrel, according to Reuters. US West Texas Intermediate crude also gained more than $1 to reach $99 per barrel. The move came during

– The US dollar retreated from an 18-month high on Tuesday, October 13, as falling oil prices and a reassessment of the artificial intelligence-driven rally weighed on the currency. The U.S. Dollar Index, which measures the greenback against a basket

– The U.S. stock bull market moved into its fifth year Monday after completing four years of gains. The S&P 500 has climbed about 119% from its Oct. 12, 2022 bear-market closing low, according to Truist analysis. The index ended

International equities mounted a vigorous late-week recovery, rebounding from recent selloffs as climbing borrowing costs temporarily lost momentum. Market metrics indicate that US and European stocks close higher as bond yields ease, drawing institutional capital back into riskier asset classes

– Gold prices advanced on Monday as investors weighed weak U.S. hiring data against a firmer dollar. Spot gold gained 0.6% to $4,165.49 an ounce by 0901 GMT. U.S. gold futures for December delivery climbed 0.8% to $4,194.60. The move

The foreign exchange market recorded strong upward momentum as the US dollar hits 17-month high benchmarks, climbing to a 102.08 index rating and securing its third consecutive weekly gain. According to international market reports published by the Emirates News Agency, the

– The U.S. Treasury Department will offer $119 billion of notes and bonds through three auctions next week. The schedule begins Oct. 6 with $58 billion of three-year notes. Treasury will sell $39 billion of 10-year notes on Oct. 7.

Oil prices dropped sharply Monday as Brent crude closed at its lowest level in nearly two weeks. November Brent settled at $100.34 a barrel, losing $3.53, or 3.4%. October West Texas Intermediate fell $4.52, or 4.51%, to $95.78 a barrel.