Tag: “Commodity”

Toyota shares soared to a 16-month high Wednesday after shareholders of the world’s largest car manufacturer voted to retain Akio Toyoda as its chairman in a broad endorsement of the company’s governance and new electric vehicle strategy.

Modelo Especial has quietly overtaken Anheuser-Busch InBev’s Bud Light as the nation’s top-selling beer, punctuating the impact of a boycott that followed the brand’s controversial promotion by a transgender activist.

Vodafone and CK Hutchison, which owns the Three UK mobile network, agreed to merge their U.K. businesses, following talks that have been ongoing since last year, the companies said Wednesday.

Renault’s new Mobilize unit is in advanced talks with a major European retailer to provide charging boxes for electric vehicles, a Mobilize spokesperson told Reuters on Wednesday.

Shares of UnitedHealth Group and other insurance providers tumbled Wednesday after the company said that seniors have been catching up on procedures delayed during the pandemic, leading to rising costs for insurers.

The European Union on Wednesday charged Google with breaching antitrust rules in advertising technology, known as adtech, and may seek the breakup of parts of the tech giant’s business to allay the bloc’s concerns.

Advanced Micro Devices big chip launch may have left investors feeling uninspired but Wall Street was more enthusiastic and still thinks the semiconductor company can challenge Nvidia and be an AI winner.

Amazon Web Services, the world’s largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters

Tesla‘s stock is wavering as investors wonder whether higher prices for its electric vehicles will power it to a 14th straight day of gains.

Shell will ramp up its dividend and share buybacks while keeping oil output steady into 2030, it said on Wednesday, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan.

Global oil demand growth will trickle nearly to a halt in the coming years and peak this decade, according to the International Energy Agency, with Chinese consumption set to slow down after an initial pent-up recovery.

Chocolate lovers are in for a bitter pill to swallow — prices of their favorite food are set to rise further on the back of elevated cocoa costs.

Gold prices headed lower on Monday, after posting a gain last week, as traders awaited a Tuesday inflation report followed by the conclusion of the Federal Reserve’s June policy meeting on Wednesday.

Goldman Sachs analysts slashed their oil price forecast by almost 10% on the back of whey they see as increasing supply and slower demand for crude.

Gold prices edged up Friday, leaving the yellow metal on track to score another weekly rise as the U.S. dollar softened and traders reassessed expectations for a Federal Reserve interest-rate hike next week.

Oil prices rose following OPEC kingpin Saudi Arabia’s decision to cut production by another million barrels per day.

OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters.

(Bloomberg) — The US has sanctioned some of Russia’s biggest gold miners, as it imposes fresh penalties on the country’s metals and mining sector.

Gold prices traded lower again on Friday following two sessions of losses as a stronger U.S. dollar took some of the shine off the yellow metal, prompting some analysts to speculate about an end — or perhaps a pause — for what has been a multi-month rally.