[ad_1] Investing.com– Oil prices rose Tuesday, but stuck to a tight trading range as traders remained uncertain over a potential supply glut and softening demand in the coming year. At 11:58 ET (17:58 GMT), rose 1.1% to $73.44 a barrel, and rose 1.2% to $70.03 a barrel. Trading volumes were thin ahead of the Christmas holiday, while strength in the dollar also weighed on oil prices after the Federal Reserve signaled a slower pace of rate cuts in 2025. Oil nurses losses in 2024 as demand jitters weigh and WTI prices were down about 5% so far in 2024, with…
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[ad_1] Investment funds have remained long on copper, which confirms the faith of institutional money in the industrial metal. [ad_2] Source link
[ad_1] Got junk?For the city of Detroit and its top downtown employer, the answer is not anymore.That’s because 2024 was the year that both Detroit and Dan Gilbert’s Rocket Mortgage stopped being “junk” in the eyes of Wall Street rating agencies.City government and the downtown-headquartered mortgage lender had for years held credit ratings below investment grade, a status given to companies or governments with finances perceived as somewhat risky. Debt issued with such ratings carries the “junk” nickname, which was popularized in the 1980s.Companies and governments with these ratings typically pay more to borrow money than those with investment-grade ratings.…
[ad_1] Both platinum and palladium can be smart additions to an investment portfolio, but there some important things to know about these metals. Getty Images/iStockphoto Gold investing has skyrocketed this year as more people look for ways to protect their investments from economic uncertainty. At the beginning of the year, the price of gold was $2,063.73 per ounce, but according to American Hartford Gold, it’s currently trading at $2,627.01. “Interest in gold continues to rise because it’s widely regarded as a safe-haven asset,” says Jose Gomez, a partner at Summit Metals. “Concerns about inflation, geopolitical tensions, and stock market volatility often…
[ad_1] What’s Going On With FREYR Battery Stock On Tuesday? FREYR Battery, Inc. (NYSE:FREY) shares are trading higher on Tuesday. The company closed its acquisition of Trina Solar’s 5 GW solar module manufacturing facility in Wilmer, Texas, announced last month. The transaction includes $100 million in cash, a $50 million loan repayment, a $150 million loan note, and 9.9% of FREYR’s stock, with a potential additional 11.5% stake through an $80 million convertible note. FREYR also assumed $235 million in facility debt. The Wilmer, Texas, solar module plant is on track, with Line 1 completed and Line 2 commissioning underway.…
[ad_1] Investing.com — The central bank of Mexico is considering a rate cut of either 25 or 50 basis points in its upcoming decision in February 2025, according to Deputy Governor Jonathan Heath. This decision, however, is complicated by growing uncertainty surrounding U.S. trade. The final decision will be contingent on the conditions present at the time of the meeting. The bank has been reducing rates by 25 basis points since the start of an easing cycle earlier this year. It showed willingness last week to consider larger cuts as inflation continues to slow. Heath expressed concern over the potential…
[ad_1] Starbucks workers hold signs as they picket in front of a Starbucks to demand collective bargaining agreements in Burbank, California on December 20, 2024. Frederic J. Brown | AFP | Getty ImagesA Starbucks barista strike is expanding to some 5,000 workers at more than 300 stores in 45 states, just as the company’s busy holiday stretch begins.Though it still only represents approximately 3% of all U.S. Starbucks locations, it’s an expansion of an action that began last week in three cities.Organized by the Service Employees International Union and Starbucks Workers United, the strike aims to draw attention to alleged unfair…
[ad_1] Investing.com – U.K. stocks were higher after the close on Tuesday, as gains in the , and sectors led shares higher. At the close in London, the gained 0.43%. The best performers of the session on the were Airtel Africa Plc (LON:), which rose 2.68% or 2.91 points to trade at 111.51 at the close. Meanwhile, Pershing Square Holdings Ltd (LON:) added 2.23% or 84.00 points to end at 3,844.00 and B&M European Value Retail SA (LON:) was up 2.17% or 7.80 points to 365.60 in late trade. The worst performers of the session were Vistry Group PLC (LON:), which…
[ad_1] Investing.com — European stock markets closed higher in low holiday-impacted volumes Tuesday. At 11:30 ET (16:30 GMT), the UK’s was up 0.4%, and rose over 0.1%, while was closed. Most European markets closed early on Tuesday and remain closed Wednesday for Christmas. ECB set to cut rates further in 2025 The DAX has outperformed the major indices so far in 2024, gaining over 18%, while the FTSE 100 has risen just 5% and political turmoil has dragged the CAC 40 over 3% lower. The European Central Bank lowered its key rate earlier this month for the fourth time this year…
[ad_1] By Siddharth Cavale NEW YORK (Reuters) – In the most competitive holiday season in years, major U.S. retailers Target (NYSE:) and Walmart (NYSE:) are spending more on ads to reach shoppers on short-video app TikTok and streaming platforms. But while recent U.S. credit- and debit-card data point to a small gain for Target, with its shoppers spending slightly more in early December than a year ago, there’s little that the Minneapolis-based chain can do this year to reverse the trends that have put it at a disadvantage, investors told Reuters. With more than 1,950 stores across the United States,…