Oil edges lower as investors take stock of risks to production
Brent for September settlement was 0.4% lower at $86.18 a barrel at 8:50 a.m. in New York.
View ArticleChina’s PBOC keeps gold buying on hold for second month
Spot gold fell 0.7% to $2 375.06 an ounce by 2:16 p.m. in London.
View ArticleCrypto funds see inflows for first time in a month
Ether gained about 4% to about $3 000 on Monday morning while Bitcoin rose around 3% to $56 500.
View ArticleBitcoin’s Mt. Gox swings add to signs of rocky crypto rebound
The largest digital asset slid as much as 5.2% on Monday to $54 313, some $19 000 below March’s record high.
View ArticleBitcoin miner bitfarms names new CEO as riot takeover attempt heats up
Bitfarms’ share price is up about 32% to $2.67 in the time since it was revealed that Riot was trying to acquire the company on May 28.
View ArticleUnited airlines jet loses wheel in repeat of March incident
United shares fell 0.4% Monday. They have gained 13.5% year to date.
View ArticleDigitalX to list Bitcoin ETF on Australia’s main stock market
After becoming the second asset manager to win approval for such a product from the bourse operated by ASX.
View ArticleThe potential contenders to become France’s new prime minister
While Macron’s centrists ended up in second place, his power base has shrunk further and is hemmed in by Marine Le Pen’s far-right National Rally and a left-wing alliance, known as the New Popular Front.
View ArticlePurdue pharma backs creditor move to sue Sacklers over assets
The creditors said in a filing Monday that they were seeking to ensure that the Sacklers are not allowed 'off the hook' for their role in the opioid crisis.
View ArticleNvidia dethrones Tesla as single-stock ETF king with 400% rally
All told, Nvidia-focused ETFs have taken in $4.4 billion so far this year, roughly six times more than what they garnered during all of 2023, according to the BI data.
View ArticleNike brings back retired executive to fix slumping retail sales
Tom Peddie, a veteran executive who worked at Nike for 30 years before the company announced his retirement in 2020, is returning as its vice president of marketplace partners.
View ArticleSA’s new government sparks rush into local bonds
Barely half way through the year, net purchases of the debt by foreigners have already surpassed the total for all of 2023.
View ArticleNigeria lawmakers want central bank to fight inflation with gold
Gold at the end of November only accounted for 4% of the nation’s reserves, which currently stand at $34.8bn.
View ArticleShell plans to drill in South African block near Namibia finds
The block is about 300 kilometers (186 miles) off the west coast of South Africa in depths up to 3 200 meters.
View ArticleBitcoin miner TeraWulf to expand energy infrastructure used for AI hosting
TeraWulf is among a number of Bitcoin miners that are converting part of their infrastructure to high-performance computing data centers.
View ArticlePutin is meeting a lot of world leaders for a global ‘outcast’
In just two months since he began his fifth presidential term in May, Putin has held more than 20 meetings with leaders from Europe, Asia, Africa, Latin America and the Middle East.
View ArticleChina stocks eye gains; S&P 500 steady on Powell: Markets wrap
Brent crude fell 0.7% to $84.05 a barrel.
View ArticleUS lends $99m to Mozambique’s first wind-power project
The southern African nation of more than 33 million people is mostly reliant on a single hydroelectric dam for its power generation.
View ArticleHouston struggles with Beryl’s blackouts and searing heat
More than 1m homes and businesses are likely to be without power until at least Wednesday night.
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