Tag: prices
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Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year
Bessent sees his “3-3-3” plan as still in reach — 3% growth, a 3% deficit-to-GDP rate, and a 3 million barrels per day increase in oil production.
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Oil prices extend decline on expectations of smoother crude flows via Hormuz
TOKYO, June 24 : Oil prices fell on Wednesday, extending this week’s losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded in the Gulf since the start of the Iran war are set to move out of the Strait of Hormuz. Brent crude futures were down…
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Gold and silver tumble as rate-hike fears hit precious metals
Gold and silver fell Tuesday as rate-hike fears pressured precious metals and Wall Street banks reassessed their gold forecasts.
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Singapore inflation holds at 1.8% in May, cooler than expected as services costs ease
Core inflation, which strips out accommodation and private transport costs, came in at 1.4%
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Goldman Sachs picks best hedges for a rate-shock scenario
The bank said last week’s hawkish Federal Open Market Committee meeting has increased uncertainty over the outlook for short-term interest rates.
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BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices
June 22 : Gas station operators including BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart and Albertsons were sued on Monday by California drivers who accused them of using artificial intelligence to boost prices at the pump.According to a proposed class action, the defendants violated California’s main a
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Wall Street was once uber bullish on gold. Now it’s changing its tune
The June Fed meeting set a hawkish tone. Now, several Wall Street firms don’t believe gold will live up to their bullish targets.
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Bank of America expects three Fed hikes this year, says inflation is getting ‘unambiguously worse’
The bank’s economists reversed their position held as recently as last week that the central bank would stay on hold this year.
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Three reasons why a food-supply shock may be coming to Southeast Asia: Goldman Sachs
Higher input costs and a potential El Niño weather event are combining to increase the risk of significant food price inflation across Southeast Asia, according to a report from Goldman Sachs
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‘Regime change but in a velvet glove’: How Kevin Warsh has set out to remake the Fed
The first big announced changes point toward a quiet revolution, with task forces set up to rethink virtually everything done at the Fed.
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