Commodity/Financial Market News Archives

Glencore Profit Doubles on Energy-Market Volatility

Admin4 August 2022

Commodities giant Glencore GLNCY 0.12% PLC said profit more than doubled in the first six months of the year, boosted by significant market volatility stirred up by macroeconomic and geopolitical...

Business

U.S. Factory Growth Slowed in July on Decline in Orders

Admin1 August 2022

Growth at U.S. manufacturing companies was its weakest in two years in July, but inflationary pressures showed signs of cooling as commodity prices eased, according to surveys of purchasing managers...

Business

America’s New Energy Crisis

Admin30 July 2022

America is wrestling with the worst energy crisis in nearly five decades, a period of high prices and limited supply. What makes this crisis different than the troubles that roiled...

Business

Inflation Hits Fresh Four-Decade High, According to Fed’s Preferred Measure

Admin29 July 2022

Inflation accelerated in June, measured by the Federal Reserve’s preferred gauge, driven by a jump in energy prices as well as broader-based increases.Consumer prices rose 6.8% in June from a...

Business

WSJ News Exclusive | Shopify Says It Will Lay Off 10% of Workers, Sending Shares Lower

Admin27 July 2022

Shopify Inc. SHOP -14.06% is cutting roughly 1,000 workers, or 10% of its global workforce, rolling back a bet on e-commerce growth the technology company made during the pandemic, according...

Business

There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough?

Admin23 July 2022

Growing signs that price pressures are easing suggest that June’s distressingly high 9.1% increase in consumer prices will probably be the peak. But even if inflation indeed comes down, economists...

Business

Russia, Ukraine Clear Way for Grain Exports to Resume Amid Fears of Global Food Crisis

Admin23 July 2022

ISTANBUL—Russia and Ukraine agreed Friday to resume exports of millions of tons of Ukrainian grain via the Black Sea for the first time since the Russian invasion, a deal aimed...

Business

Snap Shares Tumble as Digital-Advertising Concerns Spread

Admin22 July 2022

Snap Inc.’s SNAP -38.90% shares plunged by more than a third on Friday morning as the social-media company’s weakest-ever quarterly sales growth fanned fresh concerns about a slowdown in the...

Business

Russia’s Central Bank Slashes Rates, Sees Smaller Hit From Sanctions

Admin22 July 2022

Russia’s central bank Friday lowered its key interest rate below its prewar level, and said it expects the economy to contract less sharply than it did when Western sanctions were...

Business

China Evergrande Prepares to Shed Light on Restructuring as Creditors’ Patience Wears Thin

Admin20 July 2022

China Evergrande Group has yet to reach an agreement with its international bondholders over a restructuring of the troubled property giant, according to people familiar with the matter, as a...