Iraq To Resume Oil Exports To Turkey Via Pipeline Shuttered A Decade Ago Amid Kurdish Negotiation Deadlock
Islamic State attacks halted the pipeline's operations in 2014 which was responsible for about 0.5% of the world's oil supply.
Peter Schiff Warns Stocks Are In A ‘Stealth Bear Market’ As Gold Hits Record High: ‘Don’t Get Excited About Today’s 300 Point Rise In The Dow Jones’
Prominent economist Peter Schiff has downplayed the significance of the Dow Jones Industrial Average’s recent surge, attributing it to a “stealth bear market” in gold.
What Happened: Schiff took to X, formerly Twitter, to express his skepticism about the Dow Jones’ 300-point rise on Friday.
Nucor Introduces Weekly Spot Pricing; Cleveland-Cliffs Applauds New DOE Standard; Newmont Concludes $20M Support Fund And More: Friday’s Top Mining Stories
Top stories: Nucor introduces weekly CSP for hot-rolled coil pricing, Cleveland-Cliffs supports new DOE standard, Newmont concludes $20M community fund, Citigroup and Goldman Sachs maintain positive outlooks for Newmont and Ternium.
Traders Rethink Interest Rate Cuts, Labor Market Heats Up, Oil Prices Quietly Reach 6-Month High: This Week In The Markets
U.S. economy resilient, manufacturing and labor market strong. Fed officials temper rate cut expectations. Apple shifts focus to home robotics.
Gold Shines Above $2,300, Ends Another Week At Record High: Mining Stocks Rally To 11-Month Peak
Gold prices rise to all-time highs, showing impressive resilience despite interest rate concerns.
Zambia Mining Boom: The Road To 1 Million Tons of Copper
Zambia faces the task of addressing debt burdens. Africa's first pandemic-era defaulter has been diligently negotiating with creditors.
S&P 500 Gains Over 1%; GCT Semiconductor Shares Spike Higher
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Friday.
The Dow traded up 0.89% to 38,941.18 while the NASDAQ rose 1.26% to 16,251.98. The S&P 500 also rose, gaining, 1.10% to 5,203.90.
Stocks Rally On Hot Jobs Data, Defy Interest Rate Fears, Gold Hits New High, Oil Tops $87: What’s Driving Markets Friday?
It’s a day of broad-based rallies on Wall Street, with both stocks and commodities showcasing robust performances in the wake of a hotter-than-expected labor market report, seemingly unfazed by growing fears over delays in the Federal Reserve’s rate cut plans.
Gold Surges Over 1%; Biodesix Shares Plummet
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Friday.
The Dow traded up 1.01% to 38,987.23 while the NASDAQ rose 1.50% to 16,289.37. The S&P 500 also rose, gaining, 1.29% to 5,213.49.
Barrick Targets Peruvian Expansion Amidst Record Gold Prices
Barrick Gold Corp is expanding in Latin America to meet demand, targeting Puno, Peru. Its 2023 success and gold price surge coincide.