A six-month high for the spot price of gold has been reached on optimism that the monetary tightening in western nations is almost complete. Although indications that the Federal Reserve of the United States and other western central banks have… Read More ›
Retail executives, federal pricing data, and an exclusive analysis of early Black Friday discounts all point to the cheapest holiday shopping period in years for TVs, dresses, toys, and sporting goods. The battleground for retailers this U.S. holiday season is… Read More ›
Even if the OPEC+ countries continue their production cutbacks into 2024, there will still be a small supply excess in the global oil market, the head of the International Energy Agency’s (IEA) oil markets and industry division told Reuters on… Read More ›
Burberry could not be in more of a bad spot for the luxury market recession that followed the post-pandemic boom, with designer Daniel Lee’s initial designs for the British brand beginning to appear in recently renovated stores. Executives issued a… Read More ›
The world’s leading luxury companies are vying for the likes of affluent businesswoman Diana Wang in an attempt to expand in China, their second-largest market. Wang, an investor and owner of a fashion brand bearing his name, is based in… Read More ›
Black Friday falls on November 24, this year. Retailers are getting ready for what they think would be another record-breaking worldwide shopping frenzy. Black Friday is typically considered to be the unofficial start of the Christmas shopping season because of… Read More ›
Japan’s economy shrank from July to September, ending two quarters of growth fueled by exports and sluggish consumption. This made the central bank’s efforts to gradually reduce its large monetary stimulus programme more challenging in the face of rising inflation…. Read More ›
Although China’s retail sales and industrial output growth in October exceeded forecasts, the country’s overall economic picture showed notable areas of weakness, with the crisis-ridden real estate sector still threatening a full-blown recovery. The second-biggest economy in the world has… Read More ›
Reversing Moody’s judgement from last week to lower its outlook on US debt, U.S. Treasury Secretary Janet Yellen has stated that the country’s economy is robust and the Treasury market is secure and liquid. “This is a decision I disagree… Read More ›
An increasing number of automakers and suppliers are developing electric vehicle (EV) motors that either significantly limit the use of materials dominated by China, or do not contain rare earths. A list of some of the goods that suppliers and… Read More ›
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