Gold and silver tumble as rate-hike fears hit precious metals
Gold and silver fell Tuesday as rate-hike fears pressured precious metals and Wall Street banks reassessed their gold forecasts.
Energy Fuels to buy Germany’s VAC as rare earths magnet race heats up
Rare earths producer Energy Fuels will buy Germany’s Vacuumschmelze in a $1.9 billion cash-and-stock deal.
Google’s online dominance is showing signs of cracking in AI era
While Google remains in a position of strength in the eyes of Wall Street, the AI era is complicating the company’s story.
Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants
“The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” Oracle said.
U.S. fights with Brazil for China’s giant soybean market
The U.S. Soybean Export Council makes claims to higher quality a selling point over Brazil’s crop, as American farmers attempt to win back business from the world’s largest importer
How Europe is grappling with extreme heat as red alerts issued in Britain, France, Spain and Italy
Several European countries issued red weather alerts as a fresh bout of extreme heat pushed temperatures beyond 40 degrees Celsius (104 degrees Fahrenheit).
Tech rout intensifies as sell-off grips global stocks
Global stocks sold off on Tuesday, led by deep losses for tech stocks following a losing session for the sector on Wall Street.
Treasury yields fall despite rate hike concerns hitting tech stocks
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell over 2 basis points to 4.481%.
SpaceX closes nearly 1% higher, snapping three-day losing streak
Gains have been pared back at the space and AI company following an initial surge off of its record-breaking IPO.
U.S. issues sweeping Iran oil sanctions waivers, unlocking billions in revenue for Tehran
The U.S. issued a sweeping rollback of sanctions on Iranian oil, offering Tehran an economic lifeline as negotiations toward a peace deal proceed.
