Browsing: Business

NEW YORK: Gold slipped on Wednesday after touching its highest level in a month, as a firmer dollar and improving risk appetite trimmed demand for the safe-haven metal. Spot gold was down 0.3% at $4,826.13 an ounce after earlier reaching its highest

WASHINGTON: U.S. crude oil jumped 8.7% to $104.95 a barrel and Brent crude rose 7.4% to $102.23 in Asian trading on Monday, sending both benchmarks back above $100 after the United States said it would begin a blockade of Iranian ports. The move

NEW YORK: Gold prices fell on Monday as a stronger U.S. dollar weighed on bullion and reduced demand from buyers using other currencies, while higher oil prices and fading expectations for near-term Federal Reserve rate cuts added pressure to the non-yielding

NEW YORK: Gold steadied on Friday and remained on track for a third straight weekly gain, with spot bullion holding near $4,764.54 an ounce and June U.S. gold futures around $4,787.80. The metal was up about 1.8% for the week, extending a

WASHINGTON: President Donald Trump has revised U.S. Section 232 tariffs on steel, aluminum and copper, lowering duties on many derivative products while keeping a 50% tariff in place for core metal imports. The White House said the changes were set out in a

AUSTIN: Oracle has begun a new round of layoffs, including 491 positions in Washington state, as the software company continues to commit tens of billions of dollars to cloud and artificial intelligence infrastructure. A notice filed with Washington labor authorities shows the

LOS GATOS: Netflix has raised prices across all of its U.S. streaming plans, increasing the monthly cost of its ad-supported tier to $8.99 from $7.99, its standard ad-free plan to $19.99 from $17.99 and its premium plan to $26.99 from $24.99. The

MENLO PARK: Meta Platforms cut several hundred jobs across multiple teams on March 25, describing the move as part of regular restructuring and saying it was seeking other opportunities inside the company for some affected workers. The latest reductions add to a

WASHINGTON: The U.S. Postal Service filed notice on March 25 with the Postal Regulatory Commission for a temporary 8% price increase on key package shipping products, citing rising transportation costs. The proposed change, if cleared by the regulator, would take effect at

WASHINGTON: U.S. business activity slowed to an 11 month low in March as higher energy costs and broader supply strains linked to the Middle East conflict weighed on demand, while price pressures intensified across the private sector. Flash survey data from S&P