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GBP/USD Price Forecast: Trades below 1.3500 on firmer USD, ahead of UK GDP
The GBP/USD pair trades with a negative bias for the second consecutive day and trades below the 1.3...
Asian stocks rise on soft US CPI, AI earnings rally
Asian stocks mostly remain stronger, bolstered by softer US inflation data that reinforced expectati...
Dow, Nasdaq, S&P 500 Futures: How Markets Are Trading After July CPI As More Inflation Data Looms
U.S. July CPI broadly met expectations, with headline inflation rising 0.1% month over month and 3.4...
Jet Fuel Spike Blows a Hole in Airline Profit Forecasts
The fresh spike in jet fuel prices in July upended the profit guidance of U.S. airlines, whose management teams had to readjust earnings estimates for the year just days ahead of reporting second-quar ...
The U.S. Is Walking Into Iran’s Escalation Trap
“I feel like a jackass caught in a Texas hailstorm -- I can’t run, I can’t hide and I can’t make it stop.” U.S. President Lyndon B. Johnson’s desperate comment to aide, Bill Moyers, came after a massi ...
The Trade Routes Iran Cannot Afford to Lose
The future of relations between Central Asian republics (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan) and Iran under a government now dominated by the Islamic Revolutionary Guard Corp ...
What If the Most Valuable Part of an EV Isn't the Car?
Rapid depreciation in China's electric vehicle market is often portrayed as evidence that EVs are becoming disposable consumer electronics. Yet the opposite may prove true. While the vehicle loses val ...
Kazakhstan Restarts CPC Oil Exports After Week-Long Black Sea Shutdown
Kazakhstan resumed crude exports through the Caspian Pipeline Consortium (CPC) on Monday after the operator reopened its Black Sea marine terminal and resumed accepting crude from producers following ...
Nvidia's $250 Billion OpenAI Guarantee Puts AI Capex Concerns Back in Focus
Nvidia is in early talks to provide up to $250 billion in financing guarantees to help OpenAI lease computing capacity from a planned $500 billion, 10-gigawatt data center facility in Ohio, according ...
China to Resell First US LNG Cargo in a Year Instead of Importing It
Chinese buyers that received the first U.S. LNG cargo in over a year plan to resell it on another market to profit from higher prices elsewhere and avoid paying a 25% tariff, sources familiar with the ...
Leaked UK Grid Report Warns Net Zero Push Raises Blackout Risks
The UK’s net zero push risks leaving the country with higher electricity bills and more susceptible to blackouts, according to a leaked report commissioned by the national grid system. The report, pro ...
TotalEnergies to Appeal Court Order to Adapt Business to Climate Goals
TotalEnergies will appeal a landmark decision of the Paris Judicial Court from last month, which ordered the French supermajor to align its business to climate change goals as it held it responsible f ...
Indian Refinery MRPL Bars Crude Suppliers From Hormuz, Red Sea Routes
India’s Mangalore Refinery and Petrochemicals Ltd. (MRPL) has become the first Indian refinery to tell crude suppliers to avoid both the Strait of Hormuz and the Red Sea, inserting the restriction int ...
Temporary Calm in Iran Conflict Masks Risk of Broader Middle East War
Tehran said it had halted retaliatory attacks against US allies in the Middle East as Washington refrained from attacking Iran for the second night in a row. A top military official in Tehran, meanwhi ...
Russia Says Fuel Crisis Is Easing as Refineries Restart
The fuel crisis in Russia has started to ease in recent days as some refineries have restarted operations, Russia’s Deputy Prime Minister Alexander Novak said on Sunday. “The situation is gradually st ...