Oil prices declined on Monday following President Joe Biden’s announcement that he would not pursue a second term, while investors speculated about potential U.S. interest rate cuts as early as September. By 1327 GMT, Brent crude futures had decreased by 68 cents, or 0.82%, to $81.95 per barrel. U.S. West Texas Intermediate crude futures dropped …
Gold prices dipped on Friday following a near-record peak in the previous session, buoyed by a strengthening dollar. However, they remain poised for a weekly increase after the US Federal Reserve’s announcement that it anticipates three rate cuts in 2024. Spot gold was down by 0.7 per cent at $2,166.20 per ounce, as of 1026 …
Image Source : NIKOLA Electric truck maker Nikola to lay off 270 employees US-based electric truck manufacturer, Nikola, has made the decision to lay off 270 employees, which accounts for approximately 23% of its workforce. The company also plans to focus solely on its electric truck efforts in North America as a means of preserving …