A view shows part of the state oil firm Petroleos Mexicanos (Pemex) refinery in Salamanca. State of Guanajuato, Mexico, Monday, December 19, 2022. Danil Shamkin | Nurphoto | Getty Images China’s oil demand growth this year could be half of pre-Covid 2019 levels, according to Eurasia Group, as key segments of the world’s second-largest economy … Read more
Watch out, Ivies, there’s a new endowment performer in town. Baylor University’s $2 billion endowment â a fraction of those in the Ivy League â generated a 6.4% return for the fiscal year that ended June 30, outperforming the entire conference. Harvard’s endowment, the largest at $50.7 billion, returned 2.9%. What’s more, Baylor’s annualized return … Read more
(L) Oil pumpjacks and (R) gold bars Getty Images Gold prices could soar to $3,000 per ounce, and oil to $100 per barrel within the next 12 to 18 months subject to any one of three possible catalysts, according to Citi. Gold, which is currently trading at $2,016, could surge by about 50%, if central … Read more
Chocolates packaged for Valentine’s Day sit on a table on February 2, 2024 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images A bouquet of roses, dinner for two and a box of chocolates make up the essentials for a textbook Valentine’s Day date. But lovers may experience sticker shock this year due … Read more
Bars of 100-ounce silver are stacked inside The Safe House, a vault operated by Silver Bullion Pte, in Singapore. Nicky Loh | Bloomberg | Getty Images This could be a banner year for silver, with prices potentially hitting a decade-high. Global silver demand is forecast to reach 1.2 billion ounces in 2024, which would mark … Read more
Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Sven Hoppe | Picture Alliance | Getty Images Gold and silver are expected to climb further in 2024 on expectations that the U.S. Federal Reserve will start cutting interest rates, UBS forecasts. … Read more
A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. “We’ve been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the software tells them to charge,” said Kevin Weller, a tenant at Portside Towers … Read more
A labourer works inside a mill of refined wheat flour at Khanna in India’s Punjab state on May 18, 2022. Sajjad Hussain | AFP | Getty Images Rice, wheat, milk and sugarcane — India is among the largest producers of these agricultural commodities, yet millions are still starving in the world’s most populous country. “Hunger … Read more
A drone launch during a military exercise in an undisclosed location in Iran captured in a handout image obtained on Aug. 25, 2022. Iranian Army | West Asia News Agency | via Reuters Oil prices advanced early Monday after missiles launched by Iran-backed militants killed U.S. troops in Jordan on the weekend. Global benchmark Brent traded … Read more
SUIXI, CHINA – DECEMBER 30: An employee works on the production line of aluminum foil at a workshop of Anhui Limu New Material Technology Co., Ltd on December 30, 2023 in Suixi County, Huaibei City, Anhui Province of China. (Photo by Li Xin/VCG via Getty Images) Vcg | Visual China Group | Getty Images Global … Read more
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