Posts From Jim Andrews
Gold prices edged up on Thursday, as the dollar eased and U.S. bond yields retreated from a three-week high, lifting bullion’s appeal. Spot gold rose 0.1% to $1,869.45 per ounce by 0046 GMT, after hitting a fresh over five-month peak on
AstraZeneca’s (AZN.L) COVID-19 vaccine made a small contribution to earnings in the third quarter and it expects the shot to move to “modest profitability” on new orders after the drugmaker on Friday posted $1.05 billion in vaccine sales for the period. The
Oil prices drifted lower on Monday after the recovery of a major U.S. pipeline network eased concerns over supply, though fresh restrictions in Asia sparked by surging COVID-19 cases weighed on sentiment. Gasoline shortages that have plagued the U.S. East
The dollar edged higher against a basket of currencies on Friday, paring some of the week’s losses, as a stronger-than-expected rise in U.S. and Chinese inflation gauges drove up bond yields. The U.S. Dollar Currency Index, which measures the greenback
Malaysia’s Top Glove said on Thursday its glove production has been affected because of a U.S. ban on its products over allegations they are made with forced labour. Two units of the world’s largest producer of latex gloves were banned
British fashion retailer Next on Thursday reported a halving in annual pretax profit after COVID-19 lockdowns closed its stores but raised its forecast for a big rebound this year. Profit before tax of 342 million pounds ($471 million) for the
The number of Americans filing new claims for unemployment benefits dropped to a one-year low last week, providing a powerful boost to an economy on the verge of stronger growth as the public health situation improves and temperatures rise. But
U.S. Treasury yields eased on Friday from more than one-year highs, while the shortest end of the market flirted with negative rate territory as it tried to absorb a flood of cash from the nation’s massive fiscal stimulus package. The
Dry weather, China’s push to fatten its pigs and the lockdown-induced baking bonanza are lifting prices for U.S. row crops. Futures prices for soybeans, corn and hard red winter wheat—the kind used for baking bread—have risen by about a third
Berkshire Hathaway Inc.’s BRK.B 0.67% third-quarter profit rose as investments rallied, though a loss for the company’s insurance underwriting pinched its operating profit. Berkshire reported third-quarter net earnings of $30.1 billion, or $18,994 per Class A share equivalent, up from