In addition to strengthening as an asset class for hedging against geopolitical supply risks, Goldman Sachs anticipates stronger returns on commodities over the next 12 months, driven by higher spot prices amid easing monetary policy and concerns about a recession. Over a 12-month period, the bank projects gains on the oil-heavy S&P GSCI Commodity Index…
“Black Swan” director Darren Aronofsky is directing a biopic on Elon Musk at the New York-based studio A24, according to rep[orts quoting information from a source acquainted with the situation. The source said that A24 has acquired the rights to Walter Isaacson’s biography of the richest person in the world. Protozoa Pictures, director Aronofsky’s production…
On TikTok, a campaign impersonating Omar al-Bashir, the former president of Sudan, has garnered hundreds of millions of views, adding to the internet chaos in the already-conflicted nation that has been torn apart by civil war. Since late August, an unidentified user has been uploading what it claims to be “leaked recordings” of the former…
As increased prices for its shoes and clothing helped to overcome a knock from declining demand and ongoing cost constraints, Nike surpassed Wall Street expectations for first-quarter profit on Thursday. This caused its shares to increase by around 8% in extended trade. On the strength of fewer planned markdowns and cheaper freight costs, the largest…
As the US government accuses Big Tech companies of monopolising the most valuable areas of the internet, the U.S. Federal Trade Commission filed a long-awaited antitrust complaint against Amazon.com on Tuesday and urged the court to consider ordering the online retailer to sell assets. The Federal Trade Commission (FTC) charged that Amazon, which was founded in a…
As its cooperation with Suzuki Motor raises domestic volumes, Toyota Motor plans to construct a third auto factory in India, increasing manufacturing capacity in the nation for the first time in more than ten years, according to two sources. According to one of the sources with direct knowledge of the plans, the largest automaker in…
After a French agency ordered a halt to its sales due to violations of European Union radiation exposure restrictions on Wednesday, Apple defended its iPhone 12 model. The French action increased the likelihood of other bans in Europe. In addition to being in close communication with French authorities, Germany’s network regulator BNetzA stated it might…
In a move regarded as a threat to China’s regional economic ambitions, a multinational rail and shipping project connecting India with the Middle East and Europe was revealed on the fringes of the G20 meeting in New Delhi. The corridor, which would connect India, Saudi Arabia, the United Arab Emirates, Jordan, Israel, and the European…
According to analytics company Similarweb, OpenAI’s ChatGPT, the enormously popular artificial intelligence chatbot debuted in November, saw monthly website traffic fall for the third consecutive month in August. However, there are hints the dip is ending. The number of visitors to the ChatGPT website from desktop and mobile devices worldwide fell by 3.2% to 1.43…
Customers of Amazon.com filed a lawsuit against the online retailer in a Seattle, Washington, U.S. court, claiming they were charged for items they had promptly returned. In the proposed class action complaint filed on Tuesday, four residents of Illinois, Minnesota, and Missouri claimed that Amazon “wrongfully re-charged the purchase price and applicable taxes” for their…
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