Tag: Concerns
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Oil Down over Concerns that Fed Hike Could Dent Demand
[ad_1] By Zhang Mengying Investing.com – Oil was down on Monday morning in Asia on concerns that an expected interest rate hike from the U.S. Federal Reserve could dent fuel demand. fell 0.81% to $97.58 by 12:03 AM ET (4:04 AM GMT) and dived 0.79% to $93.95. “The market tone is likely to remain bearish amid…
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Gold Holds Gain as Traders Weigh Growth Concerns, ECB Rate Hike
[ad_1] (Bloomberg) — Gold steadied after posting its biggest gain in more than a month as investors weighed renewed concerns over economic growth amid tightening monetary policy. Bullion is heading for its first weekly advance in six weeks as the US dollar retreats from a record hit on July 14 and as Treasuries surged Thursday,…
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Crude Oil Lower; Global Demand Concerns Mount
[ad_1] By Peter Nurse Investing.com — Oil prices weakened Friday, weighed by concerns of weakening global demand while supply tightness has been lessened by Russia’s decision to return gas to Europe as well as the resumption of some Libyan output. By 9:20 AM ET (1320 GMT), futures traded 1% lower at $95.39 a barrel, while…
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Oil Down over Demand Concerns as China Sees New COVID-19 Outbreaks
[ad_1] By Zhang Mengying Investing.com – Oil was down on Monday morning in Asia as investors are worried about oil demand as Shanghai discovered the first case of the highly infectious COVID-19 variant. fell 0.54% to $106.44 by 12:52 AM ET (4:52 AM GMT) and jumped 0.87% to $103.88. Both contracts posted weekly declines last week…
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Shawn Mendes postpones tour due to mental health concerns, says ‘I’ve hit a breaking point’
[ad_1] Image Source : INSTAGRAM/SHAWNTHELEGEND1 Shawn Mendes has postponed his tour by three weeks to focus on mental health Shawn Mendes has postponed his Wonder world tour by three weeks to focus on his mental health. In a statement, posted on his social media handles, Mendes said his decision to return to touring was proving…
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Concerns over TikTok feeding user data to Beijing are back, and there’s good evidence to support them
[ad_1] Credit: Pixabay, CC BY-SA When English statesman Sir Francis Bacon famously said “knowledge is power,” he could hardly have foreseen the rise of ubiquitous social media some 500 years later. Yet social media platforms are some of the world’s most powerful businesses—not least because they can collect massive amounts of user data, and use…
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Oil Up as Supply Concerns Grow amid Recession Worries
[ad_1] By Zhang Mengying Investing.com – Oil was up on Wednesday morning in Asia, as investors shifted their focuses to supply tightness although recession worries mounted. rose 1.06% to $103.86 by 12:09 AM ET (4:09 AM GMT), after plunging 9.5% on Tuesday, the biggest daily drop since March. gained 0.42% to $99.92. “Today is sort…
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Oil Down, Weighs Down By Demand Concerns
[ad_1] By Zhang Mengying Investing.com – Oil was down on Friday morning in Asia, weighed down by demand concerns following global interest rate hikes. were down 0.62% to $119.07 by 12:13 AM ET (4:13 AM GMT) and were down 0.69% to $116.78. The Friday decided to keep policy ultraloose despite rising inflation while some other…
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Crude Oil Lower; U.S. CPI Raises Economic Slowdown Concerns
[ad_1] By Peter Nurse Investing.com — Oil prices edged lower Friday after U.S. inflation rose by more than expected again in May, raising concerns about an economic slowdown, but the market is still heading for another positive week supported by solid demand in the United States. By 9:20 AM ET (1320 GMT), futures traded 0.3%…