U.S. consumer spending exhibited robust growth in July, indicating that the economy remains on stable footing as it enters the third quarter, despite growing concerns over the labor market. The Commerce Department’s report on Friday revealed a 0.5% rise in consumer spending, maintaining much of the...

Nvidia's upcoming earnings report is anticipated to cause a significant market shift, with traders in the U.S. equity options market expecting a potential $300 billion swing in the company's stock. The pricing of options suggests traders foresee a 9.8% movement in Nvidia’s shares following the...

Exxon Mobil has projected that global crude oil demand will remain above 100 million barrels per day (bpd) through 2050, signaling a robust outlook for the oil industry that contrasts sharply with the forecasts of its European counterparts, particularly BP. This forecast, outlined in Exxon’s latest...

The United States escalated its sanctions against over 400 entities and individuals on Friday, targeting those involved in supporting Russia's military campaign in Ukraine. Among those sanctioned are Chinese companies accused of helping Moscow bypass Western sanctions and bolster its military...

China, already a global leader in electric vehicles, is now setting its sights on revolutionizing industrial automation with battery-powered humanoid robots. At the World Robot Conference in Beijing, over two dozen Chinese companies showcased their latest humanoid robots, designed to work in...

Gold prices have been steadily climbing to new heights, with market analysts predicting further records as global uncertainties persist and the U.S. Federal Reserve's upcoming meeting looms. Spot gold recently held steady at its record high of $2,508.14 per ounce, while U.S. gold futures surged by...

Efforts by Western countries to lessen their dependence on China’s dominant position in the copper market could face significant challenges, potentially complicating the energy transition and driving up costs, according to a report from Wood Mackenzie.   Challenges In Replacing China’s...

Chinese e-commerce giants Alibaba and JD.com highlighted the growing challenge of attracting budget-minded consumers in their quarterly reports released Thursday, reflecting broader trends in China’s consumer market.   Shift in Consumer Preferences   Both Alibaba and JD.com faced...

Foxconn, the world’s largest contract electronics manufacturer, reported a better-than-expected 6% increase in quarterly net profit, fueled by surging demand for artificial intelligence (AI) servers. The Taiwanese company, formally known as Hon Hai Precision Industry Co Ltd, emphasized its strong...

The Federal Reserve is increasingly expected to cut interest rates next month, as the latest data shows a moderate rise in U.S. consumer prices for July and the smallest annual increase in inflation since early 2021. This development allows the central bank to shift its focus more towards the labor...

India's influence on the MSCI Global Standard index, a key tracker of emerging market stocks, has reached a new high, setting the stage for substantial inflows into its equity markets. The latest adjustments in the index will likely attract around $3 billion into Indian markets, as the country's...