Profits from Costco's gold rush are substantial, as revealed during an earnings call on Thursday when the membership-based wholesale retailer sold an astounding $100 million worth of one-ounce gold bars in the previous quarter. Customers snatched up the gold, which sold out in hours despite ongoing inflation.

Dec 16, 2023 10:50 AM EST

On Friday, Coinbase Global submitted a petition to the U.S. Securities and Exchange Commission requesting new regulations for the digital asset industry. The largest cryptocurrency exchange in the nation said that it will file a lawsuit against the decision.

Dec 16, 2023 10:10 AM EST

US stock futures increased on Friday, as optimism over potential deeper and earlier interest rate reduction continued to drive the Dow toward a new high for the third consecutive day.

Dec 15, 2023 11:10 AM EST

U.S. equities are poised to reach new highs as a result of the Federal Reserve's dovish stance, but some investors are concerned that the market may be moving too quickly given the uncertain outlook for the economy and corporate earnings.

Dec 14, 2023 07:23 AM EST

If past performance is any indication, renowned investor Michael Milken anticipates a cautious monetary policy stance from the Federal Reserve.

Dec 12, 2023 10:16 AM EST

After being driven down early in the day by data indicating ongoing deflationary pressures stemming from poor domestic demand, China's equities reversed direction and rose on Monday.

Dec 11, 2023 05:48 AM EST

China's biggest state-owned banks were observed on Tuesday exchanging dollars for yuan in the onshore swap market and then selling those dollars in the spot market to strengthen the yuan.

Dec 05, 2023 08:07 AM EST

According to a study issued on Monday, the majority of business economists believe that even if the employment market eventually weakens due to rising interest rates, the U.S. economy might escape a recession in 2024.

Dec 04, 2023 09:31 AM EST

For the second day in a row, gold prices broke beyond $2,100 on Monday, as the world's appetite for metal looks certain to persist.

Dec 04, 2023 07:08 AM EST

The OPEC oil cartel, led by Saudi Arabia and allied producers like Russia, took another huge go at supporting lagging crude prices on Thursday, extending some supply restrictions into next year and pulling in up-and-coming oil provider Brazil.

Nov 30, 2023 10:59 PM EST

JPMorgan purchased a 10.6% stake in Spanish defense systems producer Indra (IDR.MC), according to the stock exchange regulator on Thursday.

Nov 30, 2023 06:36 AM EST

According to data from car club AAA, the national average price of petrol touched $3.27 per gallon on Thursday.

Nov 24, 2023 09:42 AM EST