Economy

BP on Tuesday reported a stronger-than-expected second-quarter profit of $2.35 billion, exceeding analysts’ projections and highlighting a return to form amid ongoing global energy price volatility. The figure, based on…

Citi increased its three-month gold price forecast to $3,500 per ounce from $3,300 on Monday, citing a deteriorated near-term outlook for US growth and inflation. The expected trading range has also…

The US labor market is no longer what it was six months ago. Job creation has slowed sharply, hiring data has been revised down, and the workforce has shrunk by…

As retail traders begin to tire of short-lived rallies in meme stocks like Krispy Kreme and Kohl’s, a broader and potentially more sustainable trend is taking shape in global markets.…

Warren Buffett’s Berkshire Hathaway reported a 4% year-on-year decline in second-quarter operating profit on Saturday, underscoring the toll of falling insurance premiums and broader economic uncertainty. Operating income dropped to…

The Canadian government faces a mounting economic and political challenge after the US increased tariffs on Canadian products to 35%, marking a sharp divergence in how Washington is handling trade…

US President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell on Friday, urging the Fed’s board of governors to take over if Powell doesn’t move quickly…

US President Donald Trump announced on Friday that he has ordered the deployment of two nuclear submarines to regions near Russia as a direct response to what he described as…

One year into the Bank of England’s interest rate cutting cycle, UK households are yet to see meaningful financial relief. Despite four rate reductions since July 2024 and expectations for…