United States

Global gold ETFs plummet $6.7 billion in 2024, marking worst performance in over a decade: Report

Data showed that Asia was an outlier that registered inflows of $3.1 billion in H1 2024

U.S. renewable energy consumption rises 2 percent to record-high in 2023: EIA

Renewable energy consumption in the U.S. exceeded coal for the first time in about 140 years

Amazon’s market value exceeds $2 trillion as stock surges 3.9 percent on AI optimism

U.S. stock market recorded significant gains this year as enthusiasm around AI surged

South Korea’s overseas assets reach new high of $1.911 trillion

External financial assets reached $1.911 trillion at the end of December last year

Japan’s exports reach $53 billion in May amid weak yen, robust global demand

The country's trade deficit narrowed to $7.7 billion, down nearly 12 percent from a year earlier

U.S. producer prices decline 0.2 percent in May

Data reveals 4.8 percent decline in energy index and 0.1 percent decline in food prices

China reclaims top spot with $196.5 billion in international tourism spending in 2023: Report

This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic

Microsoft to invest $3.2 billion in cloud and AI infrastructure expansion in Sweden

The tech giant plans to deploy 20,000 advanced GPUs at its Swedish data centers

Japan spends record $62 billion to prop up yen amid currency volatility

This amount exceeds the nearly 9.2 trillion yen Japan spent on yen-buying, dollar-selling operations in late 2022

U.S. economic growth in Q1 revised down to 1.3 percent, but consumer spending stays strong

Q1 GDP growth was a sharp slowdown from Q4 2023's 3.4 percent pace

Gold prices decline on stronger dollar ahead of key economic data

First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations

Japan develops world’s first wooden satellite, potential launch in September

"LignoSat" is expected to be launched into space aboard a SpaceX rocket from the United States

U.S. consumer confidence index climbs to 102.0 in May, but inflation concerns linger

Consumers' 12-month inflation expectations rose to 5.4 percent from 5.3 percent in April

Apple’s iPhone sales jump 52 percent in China during April 2024

Shipments of foreign-branded phones in China increased by 52 percent in April 2024 to 3.495 million units

Gold prices dip as traders reduce rate cut expectations ahead of U.S. inflation data

Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates

Gold prices recover from 2-week low ahead of U.S. inflation data

Gold prices achieved a record high of $2,449.89 but have since lost over $100

Gold prices eye largest weekly drop in 8 months

Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices

Google’s $1.1 billion investment in Finnish data center aims to power AI growth in Europe

Finland's wind power capacity has increased so rapidly in recent years, by 75 percent to 5,677 megawatts in 2022 alone

Saudi Arabia’s Aramco inks three agreements with U.S. companies for lower-carbon energy solutions

Agreements align with Aramco's ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions

Saudi Arabia, U.S. forge roadmap for cooperation in energy with focus on sustainability

Roadmap builds on the 2022 Partnership for Advancing Clean Energy Agreement

Gold prices rise, on track for second weekly gain on weaker dollar

Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies

U.S. annual inflation slows to 3.4 percent in April, monthly CPI up 0.3 percent

The main drivers of the CPI increase were the rising costs of shelter (up 0.4 percent) and gasoline (up 2.8 percent)

2.5 million barrel drop in U.S. crude, 235,000 barrel gasoline drawdown as refining, demand rise: EIA

Gasoline product supplied last week was 8.9 million bpd, up slightly from the previous week

Gold prices rise on cooling U.S. inflation, rate cut speculations

U.S. consumer prices increased less than expected in April, which supported bullion