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Gold rebounds from 3-week trough on U.S. stimulus uncertainty

Aug 12, 2020 09:46 am UTC| Commentary

Gold prices rebounded from a 3-week trough hit earlier in the session as the greenback eased from recent peaks on growing uncertainty about a U.S. stimulus deal. Spot gold surged 0.9 percent to $1,930.03 per ounce by...

Canada’s housing starts surge in July, strong demand to support activity in near term

Aug 11, 2020 14:45 pm UTC| Commentary

Canadas housing starts rose sharply to 245.6k units in July, rising from 212.1k units in June. Excluding monthly noise, the six-month moving average rose to 204.4k units, rising from 199.8k units in June. Todays data was...

U.K. employment falls in three months to June, jobless rate remains at 3.9 pct

Aug 11, 2020 13:45 pm UTC| Commentary

The latest U.K. labor market statistics gave slight indication of the coronavirus-related malaise that has been seen in other indicators of domestic activity, especially with tomorrows GDP report likely to show that the...

Australian business sentiment falls in July, business conditions rebounds by 8 points

Aug 11, 2020 11:04 am UTC| Commentary

Australian business sentiment fell in the month of July. The business confidence index dropped 14 points to -14 in the month, overshadowing the 8 point rebound seen in business conditions. New South Wales and Victoria saw...

Gold declines as investors await U.S. stimulus talks

Aug 11, 2020 09:37 am UTC| Commentary

Gold prices declined to a 1-week low as the dollar firmed after Beijing imposed sanctions on U.S. officials in the latest flare-up in tensions between Washington and Beijing, with investors also keeping a close watch on...

Norwegian core inflation accelerates above expectations in July

Aug 10, 2020 14:42 pm UTC| Commentary

Norwegian core inflation accelerated in the month of July to 3.5 percent year-on-year from Junes 3.1 percent. The outcome was above consensus expectations of 3.1 percent. Clothing price dropped 1.8 percent sequentially in...

Danish consumer price inflation accelerates in July, likely to move higher in months ahead

Aug 10, 2020 12:43 pm UTC| Commentary

Danish consumer price inflation accelerated to 0.8 percent sequentially in July. On a year-on-year basis, inflation saw a rise of 0.5 percent the highest since February 2020. Core inflation accelerated marginally to 1...

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Economy

New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election

New Zealands economic outlook has become increasingly complicated as rising inflation and elevated unemployment place the Reserve Bank of New Zealand (RBNZ) under growing pressure ahead of the closely contested 2026...

China Inflation Misses Forecast as Consumer Spending Stays Weak, Producer Prices Surge

Chinas inflation data for May 2026 highlighted continued weakness in consumer spending, while factory-gate prices climbed at their fastest pace in nearly four years due to rising energy costs linked to ongoing Middle East...

Asian Stocks Slide, Oil Prices Climb as Middle East Tensions and Inflation Fears Shake Markets in 2026

Asian stock markets declined on Wednesday while oil prices advanced as escalating tensions in the Middle East fueled investor concerns and weakened confidence across global financial markets. The renewed conflict has...

Japan Producer Prices Surge in May, Strengthening Expectations of BOJ Rate Hike

Japans producer prices increased more than expected in May, highlighting ongoing inflationary pressures driven by rising energy and raw material import costs. Fresh data released by the Bank of Japan (BOJ) showed that the...

US Stock Futures Slip as New Iran Strikes Weigh on Market Sentiment Ahead of Inflation Data

U.S. stock index futures moved lower on Tuesday evening as renewed military action involving Iran dampened investor confidence and raised fresh concerns about geopolitical stability. Market participants are also closely...

Politics

Trump Administration Urges Judge to Allow UFC Event on White House Lawn

The Trump administration has asked a federal judge to reject a legal challenge seeking to stop a planned Ultimate Fighting Championship (UFC) event on the White House South Lawn, arguing that the event is lawful and that...

Randy Villegas Advances to Face David Valadao in Key California Congressional Race

Democratic challenger Randy Villegas, an educator and community advocate, is projected to advance to the November general election following Californias open primary election held on Tuesday. According to U.S. media...

US Voters Prioritize Party Loyalty Over Candidate Controversies, Reuters/Ipsos Poll Finds

A new Reuters/Ipsos poll suggests that most American voters are unlikely to abandon their preferred political partys candidate, even when serious controversies surround them. The findings highlight the growing political...

Trump Nears Decision on Permanent U.S. Intelligence Chief as FISA Renewal Faces Senate Resistance

President Donald Trump is reportedly close to selecting a permanent Director of National Intelligence (DNI), according to U.S. House Speaker Mike Johnson, as lawmakers debate the future of a key U.S. surveillance law set...

Steve Hilton and Xavier Becerra Advance to California Governor Election After Primary Results

Republican political commentator Steve Hilton and Democrat Xavier Becerra have officially advanced to Californias November 3, 2026, gubernatorial election after emerging as the top two candidates in the states June 2 open...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Meta Partners With Reliance to Launch First AI-Powered Data Center in India

Meta Platforms, the parent company of Facebook, has announced a major partnership with Reliance Industries to establish its first AI-enabled data center in India, marking a significant step in the companys expansion across...

OpenAI Eyes Massive 10GW Ohio Data Center Campus in Potential $500 Billion AI Infrastructure Deal

OpenAI is reportedly in discussions to lease a proposed 10-gigawatt data center campus in Ohio, a project that could become one of the largest artificial intelligence infrastructure developments ever undertaken. According...

SpaceX IPO Demand Surges Past $250 Billion Ahead of Historic Market Debut

SpaceX, the aerospace company founded by Elon Musk, is attracting unprecedented investor interest ahead of what could become the largest initial public offering (IPO) in history. According to a Reuters report, investor...

Trump Administration Defends Anthropic AI Restrictions in Ongoing Federal Lawsuit

The Trump administration has defended its decision to restrict the use of Anthropics artificial intelligence products, arguing in a new court filing that the federal government acted lawfully after the AI company resisted...

OpenAI Files Confidential IPO Draft as AI Giants Race Toward Public Markets

OpenAI has confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), taking a major step toward a potential initial public offering (IPO). The move positions the...
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