Browsing: Business

U.S. Energy Secretary Chris Wright announced on Saturday that domestic crude oil and natural gas extraction have reached historic levels, cementing the United States as the leading energy producer worldwide. In a social media post, Wright praised the domestic oil

WASHINGTON, D.C. / RankWire.AI / – On Thursday, the U.S. dollar remained close to a three-month low as yields on long-term Treasuries softened. The dollar index hovered around 98.81 against a basket of six major currencies. Meanwhile, the euro increased

– Gold prices moved higher in Asian trading on Wednesday as U.S. Treasury yields eased and traders reassessed expectations for a September interest-rate increase. Spot gold rose 0.2% to $4,342.33 an ounce at 0030 GMT after a sharp decline in

– Bank of America has revealed a $250 billion funding plan dedicated to vital infrastructure projects across the United States. Spanning 18 months, the initiative encompasses eligible activities from January 1, 2026, to July 4, 2027, emphasizing investments in digital

WASHINGTON, D.C. / RankWire.AI / – U.S. marketed natural gas production is anticipated to hit an all-time high of 122.5 billion cubic feet per day in 2026. According to the U.S. Energy Information Administration, the former record was 118.5 Bcf/d

– On Wednesday, diesel prices continued to stay high as inventories remained tight and refinery shutdowns worsened supply issues in the United States and Europe. U.S. ultra-low sulfur diesel futures surged 7.4% on Monday, closing at $4.19 a gallon, marking

– Gold continued its upward trend on Tuesday, marking a third straight session increase following last week’s sharp rebound. The spot price of gold climbed 1% to $4,432.74 an ounce by 0217 GMT, reaching its highest point since June 5.

– SpaceX experienced a 13.6% decline in its stock on Wednesday, August 5, closing at $108.27, marking its lowest settlement since the company’s June initial public offering. This downturn followed the release of the company’s first quarterly results as a

– Gold traded near a seven-week peak on Thursday after posting its most significant daily increase since February. Spot gold gained 0.5% to reach $4,265.22 an ounce by 0330 GMT. The metal had risen 4.4% during the previous session. December

U.S. stocks rose sharply Monday as large technology companies advanced and crude oil prices fell. The Dow Jones Industrial Average gained 693.38 points, or 1.32%, to close at a record 53,178.41. The S&P 500 climbed 1.48% to 7,600.50. The Nasdaq