Browsing: Business

Diesel supply remains tight across the US and Europe as low distillate inventories combine with refinery outages and restricted exports. The post Diesel supply tightens across US and European fuel markets appeared first on Phoenix Pioneer.

Spot gold reached its highest level since June 5 as the metal extended gains after weaker US jobs data and ahead of July inflation reports. The post Gold reaches two-month high before key US price data appeared first on Phoenix Pioneer.

SpaceX shares fell 13.6% after quarterly results showed record AI investment, narrower losses and a major post-IPO share unlock ahead. The post SpaceX stock sinks 13% on AI costs and share unlock appeared first on Phoenix Pioneer.

Gold prices remained higher after their best daily rise in six months, with Treasury yields declining and the U.S. dollar losing ground. The post Gold nears seven-week peak after biggest rise since February appeared first on Phoenix Pioneer.

Big Tech gains lifted the Nasdaq and Dow to strong closes, while Brent crude fell 4.7% and Amazon’s market value topped the $3 trillion mark.

Coordinated currency intervention by Japan and the United States lifted the yen, while the Bank of Japan kept its policy rate steady near 1%.

Starbucks stock pops as efforts to revive third place pay off 2026 outlook improves, prompting management to raise full-year profit targets.

Advocates urge lawmakers must close the crypto conflict of interest loopholes or scrap the CLARITY Act to protect market trust.

The US hits 60 countries with new import duties as Donald Trump rebuilds a tariff wall, citing broader forced-labor policy issues.

Global oil benchmarks posted double-digit weekly gains as Brent topped $88 and commercial shipping through Hormuz fell sharply again.