Browsing: Business

Gold extended a steep decline as conflict-linked inflation risk, higher-for-longer rate bets and volatile energy prices pressured bullion markets.

Gold held near $5,000 as investors awaited the Federal Reserve decision, with oil-driven inflation worries and rate expectations keeping bullion in focus.

The European Parliament revived work on the EU-US trade deal, setting a committee vote in Brussels on legislation linked to the 2025 Turnberry framework.

Bitcoin rallied toward $76,000 as fresh U.S. spot ETF demand and Strategy’s latest purchase lifted crypto shares and revived momentum across the sector.

US inflation has cooled, but higher costs for food, housing, utilities and debt are still squeezing households, keeping affordability at the center.

U.S. GDP growth was revised down to 0.7% for the fourth quarter of 2025, while January core PCE inflation rose 3.1%, showing slower growth and firm prices.

Gold rose 0.7% near $5,113 as the dollar and U.S. Treasury yields eased, even as bullion headed for a second weekly decline with oil above $100.

US payrolls fell 92,000 in February and unemployment rose to 4.4%, BLS said, with wage gains steady and prior months revised lower.

Starbucks will open a corporate operations office in Davidson County near Nashville in 2026 and relocate dozens of Seattle-based supply chain roles.

Wall Street closed lower Friday as bank and private equity shares sank on private credit worries tied to UK lender Market Financial Solutions and hotter PPI.