Alibaba Leads Record Deal to Create $2.5 Billion China AI Firm
Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, the latest in a…
Gold Demand to Hit Record With Central-Bank Buying
Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal…
Starbucks slashes sales guidance after missing the mark in Q1 earnings
Starbucks’ (SBUX) bitter earnings report doesn’t seem to have fazed its investors. The coffee giant is cutting its full year…
Alaska Air’s grounding of Boeing 737 Max 9 fleet to cost $150 million
Alaska Air Group Inc. said Thursday that it expects the grounding of its Boeing 737 Max 9 fleet to cost…
Gold prices steady as early rate-cut hopes drive strong gains
Gold prices kept to a tight range in Asian trade on Wednesday after rising optimism over early interest rate cuts…
Oil stabilises as investors watch for Red Sea developments
(Reuters) -Oil prices stabilised on Wednesday after the previous day’s strong gains as investors monitored Red Sea developments, with some…
Global 2024 staple food supplies to be strained by dry weather, export curbs
(Reuters) – High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers…
Big oil enters 2024 strengthened by U.S. industry consolidation
(Reuters) – The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies’…
Iran undoes slowdown in enrichment of uranium to near weapons-grade -IAEA
(Reuters) – Iran has reversed a months-long slowdown in the rate at which it is enriching uranium to up to…
Oil rises on Middle East tensions and US rate cut hopes
(Reuters) – Oil extended gains on Tuesday, finding support from geopolitical tensions in the Middle East and investor optimism that…