By Mrinalika Roy (Reuters) - Small-scale cannabis farmers in California are calling it quits, crushed by crop damage from devastating wildfires and sliding prices, and industry experts expect the exodus to continue near-term in the largest…
By Timothy Gardner (Reuters) - California Governor Gavin Newsom proposed a plan on Thursday requiring oil refiners to maintain minimum reserves of gasoline in an effort to prevent price spikes. The California Energy Commission said that…
By Ashitha Shivaprasad, Polina Devitt (Reuters) -Several Chinese banks have been given new gold import quotas from the central bank, anticipating revived demand despite record high prices, four sources with knowledge of the matter told…
Investing.com-- Gold prices rose strongly Friday, climbing to new highs as persistent expectations of interest rate cuts by the Federal Reserve kept the yellow metal in demand.At 09:55 ET (13:55 GMT), rose 1.5% to $2,493.86 an ounce,…
RIO DE JANEIRO (Reuters) - A strike at Brazil's environmental agency Ibama, which approves oil licenses, is still reducing the nation's oil output by some 120,000 barrels per day even after workers reached a deal this week to end their…
Investing.com -- Analysts at Citi Research have updated its outlook for steel prices in 2024, reflecting a nuanced view of both short-term and mid-term dynamics in the steel market. The analysts take into account various factors…
Investing.com-- Oil prices fell sharply Friday after a series of weak indicators from China reignited concerns about demand growth from the world's top importer. At 08:10 ET (12:10 GMT), fell 2.2% to $79.25 a barrel, while fell…
By Gavin Maguire LITTLETON, Colorado (Reuters) -Utilities in Portugal have cut the proportion of electricity production from fossil fuels to just 10% so far in 2024, leap-frogging neighbour Spain to emerge as western Europe's…
Investing.com -- The market is currently facing a complex set of challenges that are shaping its outlook for the near future. “Nevertheless, the outlook is not without significant constraints. Investment within the sector has been…
Stocks kept rising because and data were better than expected. This is the second week in a row that stocks have jumped after a good jobless claims report.
I’m not sure if that’s a good thing because jobless claims data is…