Global investment demand for gold fell to 455.9 tons in the first half of the year, down 60% on a year ago, when gold ETF inflows hit a record.
Persistently high demand, not shortages, pose the biggest inflation risk, the bank said. That changes "what constitutes 'weak' or 'strong' data."
The PlayStation 5 is going to be hard to find until at least next year, Sony executives reportedly said recently in an analyst briefing.
Investors pushed more than $1 billion into energy-sector ETFs this week as a blockage in the Suez Canal helped oil prices recoup some losses.
Oil prices dropped 8% as Europe struggles with rising COVID-19 cases and the US dollar's gains put pressure on the commodity.
The PlayStation 5 launched three months ago, and has been nearly impossible to find. Supply issues are expected to continue well into 2021, Sony says.
Brent oil will likely rise to $75 per barrel during the third quarter, with Goldman Sachs seeing supply from producers falling short of global demand.
During the pandemic, many people stuck at home picked up puzzling, causing an estimated 300% spike in demand for companies like Buffalo Games, the largest puzzle manufacturer in North America. But just as demand was taking off in March, the manufacturing facility in Buffalo, New York, was shut down because […]
Summary List Placement UK house prices hit an all-time high in August after rising at their fastest rate in more than 16 years, according to the Nationwide building society. House prices rose 2% in August – the largest monthly increase since 2004. Prices were 2.7% higher than in August 2019, […]
Oil prices rose on Tuesday as slowing new coronavirus cases sparked hopes of a demand recovery. West Texas Intermediate crude rose 2.4% to $US42.94 per barrel, while international benchmark Brent crude gained nearly 2% to $US45.78 per barrel at intraday highs Tuesday. On Monday, oil also got a boost after […]
Foot Locker on Monday said it expects to report a surprise profit in the second quarter, as comparable sales jumped 18% in the period. Shares of Foot Locker jumped as much as 23% in premarket trading Monday. The company is scheduled to report its second-quarter earnings on August 21 before […]
Nio reported Monday that it delivered 3,533 vehicles in July, a 322% increase from the same month last year. Shares surged as much as 13% in intraday trading Monday. The solid delivery news comes amid a challenging year for automakers in China. In February, China auto sales plunged nearly 80% […]
With millions of Americans still stuck at home because of the ongoing coronavirus pandemic – many with children – the Nintendo Switch is sold out practically everywhere. Retailers across the board are sold out, including Amazon, Walmart, GameStop, Target, and Best Buy, and they have been for months. Worse: Nintendo […]
The US economy improved slightly from the end of May through early July as states reopened their economies from sweeping coronavirus-induced lockdowns, according to the Federal Reserve’s Beige Book report released Wednesday. Still, the Fed noted that activity remains far below its pre-crisis levels. In addition, “outlooks remained highly uncertain,” […]
Mortgage applications to purchase a home gained 5% last week and were 18% higher than a year ago, according to a Wednesday report from the Mortgage Bankers Association. The spike in applications signals that homebuyers are returning to the market as it reopens following coronavirus lockdowns. In addition, record-low interest […]
Retailers across the board – including Amazon, Walmart, GameStop, Target, and Best Buy – are sold out of the popular Nintendo Switch and have been for weeks. “Nintendo Switch hardware is selling out at various retail locations in the US,” a Nintendo representative said. “But more systems are on the […]
Travis Schneider oversees all aspects of strategy, sales, and business development at PatientPop. Before cofounding the company, Travis cofounded and served as the CEO of ShopNation. He also cofounded and served as the CEO of StarBrand Media. When it comes to creating a thriving business, he says that potential founders […]