Retail sales top Wall Street estimates in August
Retail sales surpassed Wall Street's estimates in August, as investors keep a close eye on any signs of a slowdown in consumer spending. The data comes as the Federal Reserve's…
Two Sinochem Oil Refineries Declared Bankrupt as Margins Plunge
(Bloomberg) — Two oil refiners in China run by chemical conglomerate Sinochem Group Co. were declared bankrupt, highlighting the headwinds older units face as margins plummet. Most Read from Bloomberg…
Goldman Says Gold May Dip If Fed Opts for Quarter-Point Cut
(Bloomberg) — Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal will subsequently rally to a record…
‘Liquid Gold’: Bovine Colostrum Is TikTok’s Latest Supplement Trend. Does It Work?
Bovine colostrum supplements, also known as “liquid gold,” are growing in popularity, in part due to promotion from wellness influencers on social media platforms like TikTok. Bovine colostrum is the…
FTC Staff Issue Report on Multi-Level Marketing Income Disclosure Statements
On September 4, 2024, the Federal Trade Commission announced that it has issued a report that details findings from a review of income disclosure statements from 70 different multi-level marketers (MLMs).…
Goldman Sachs reiterates bullish view on gold prices amid Fed rate-cut hopes
(Reuters) – Goldman Sachs reiterated its optimistic outlook on gold prices on Monday, citing central bank demand and the imminent interest rate cut from the U.S. Federal Reserve at its…
Dollar pinned down by 50 bp Fed cut bets
SINGAPORE (Reuters) – The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected the start to a U.S. easing cycle that markets…
Type 2 Diabetes Drug Metformin May Help Reduce Viral Reservoir in People with HIV
Research indicates that metformin could help reduce the viral reservoir in HIV patients. Metformin is currently used in the treatment of type 2 diabetes. It appears to reduce inflammation, which…
Argentina economy forecast to extend recession in second quarter
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina's economy likely shrank 1.4% in the second quarter versus a year earlier, a Reuters poll showed on Monday, the fifth such decline…
Dow Jones Today: Major Indexes Mixed; Dow Hits New High While Nasdaq Falls as Big Tech Stocks Slide
Alcoa Shares Rise After Company Sells Stake in Saudi JV 36 minutes ago Shares of Alcoa (AA) jumped Monday as the aluminum giant said it was selling its 25.1% stake…