Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 1.7% to $2,471.1, topping the previous high of $2,454.20 reached May 20. Spot gold jumped 1.8% to $2,465.95 during the session, which is an all-time high according to LSEG data going back to 1968 that has not been adjusted ...
Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. “I believe current data are consistent with achieving a soft landing, and I will be looking for data over the next couple months to buttress this view,” Waller said in remarks for a ...
DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV features a standard 55-inch diagonal display across the dash, including a passenger-only screen; an “executive package” for the second row; power doors; large 24-inch wheels; and other enhancements. “The Escalade has always been about ...
Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed. Applications to refinance a home loan jumped 15% last week, compared with the previous week, to the highest level since August 2022, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was 37% higher than the same week one ...
Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable women’s professional sports team. On Wednesday, Angel City of the National Women’s Soccer League announced the couple had agreed to an investment of an undisclosed amount that values the team at $250 million. The club said Bay and Iger will invest an additional $50 million ...
John Deere said Wednesday it would cease lending its name to social events like LGBTQ Pride parades — the latest corporation to reassess its stance on hot-button social issues as the culture wars ignite ahead of the presidential election. In a statement posted on its X account, the nearly 200-year-old industrial and farming equipment manufacturer said it would “no longer ...
A massive asteroid will skim past Earth in 2029 in an “extremely rare natural phenomenon” – and a spacecraft will be sent to track it. It’s hoped the findings from the European Space Agency (ESA) mission will help defend our planet from any similar objects on a collision course in the future. The asteroid 99942 Apophis will make an “exceptionally ...
A quick and easy cervical screening test women can do at home could be rolled out on the NHS in a move described as a “game-changer”. The self-testing kit detects human papillomavirus (HPV), a group of viruses that cause no symptoms but can lead to cervical cancer. About 13 high-risk types of HPV are known to cause 99.7% of all ...
A “mega den” of as many as 2,000 rattlesnakes can now be viewed online thanks to a round-the-clock webcam. Not everybody will be glued to the footage – but it is expected to be a must-watch for scientists and other snake enthusiasts who are helping to broaden understanding of these unusual reptiles. The remote site on private land in northern ...
British adolescents consume around two-thirds of their daily calories from ultra-processed foods (UPFs) that may increase the risk of poor health, according to new research. Young people from white or disadvantaged backgrounds, and those living in the north of England, had the highest intake of calories from UPFs, results show. There is growing concern that foods containing manufactured substances such ...