The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, have had many discussions about establishing a new reserve currency backed by a basket of their respective currencies. A BRICS currency was a topic at the 2024 BRICS Summit that took place October 22 to 24 in…
In recent years, the global oil market has been impacted significantly by COVID-19 disruptions, price wars between oil-producing nations, Russia’s war in Ukraine and the conflicts in the Middle East. Just as oil demand was rebounding as COVID-19 lockdowns eased worldwide, pushing prices higher, Russia’s aggressive war against Ukraine set…
Natural gas is an important energy fuel, even as the world transitions to a carbon-free economy. When investing in this industry, it’s key to know the ins and outs of natural gas production by country. Global natural gas production increased slightly in 2023 to 4.05 trillion cubic meters, up from…
Gold is considered an important part of any investment portfolio, and gold stocks can offer investors exposure to the market without needing to actually hold any physical gold. But investing in gold-focused companies requires due diligence, as well as an understanding of the factors that can bring these entities success.…
Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins. Gene-Christian Baca, the owner of Walter’s Hot Dogs in Mamaroneck and White Plains, New York, estimated…
President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into election politics. A national security review by a Treasury Department committee failed to reach a consensus on the deal…
Disney will combine its Hulu+ Live TV service with Fubo, merging together two internet TV bundles, the companies announced on Monday. Disney will become majority owner of the resulting company — the publicly traded Fubo company — with a 70% ownership stake. Fubo shareholders will own the remaining 30% of the company.…
Vail Resorts shares have dropped in recent weeks as a labor dispute roiled one of America’s most prominent skiing destinations. The Park City Professional Ski Patrol Association, a union representing patrollers at the Utah mountain of the same name, went on strike late last month. The work stoppage has spurred complaints…
Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government. On Friday, Biden said he was blocking the controversial $14.3 billion acquisition, marking a significant use of executive authority in the…
Demi Moore is now a first-time Golden Globe winner. On Sunday, Moore won for best female actor in a film — musical or comedy for her performance in “The Substance.” “I really wasn’t expecting that. I’m just in shock right now,” Moore said when she took the stage. “I’ve been…