Global gold price

Cuts of meat are seen for sale at a butcher shop in Manhattan, New York City, U.S., August 8, 2022. REUTERS/Andrew Kelly CHICAGO – U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten livestock supplies for years, economists said. The decline in cattle numbers, combined with stiff costs for other production expenses, illustrate why a recent fall in grain prices to levels not seen since Russia’s invasion of major corn and wheat exporter Ukraine may not immediately translate into lower food prices at the grocery store. Feed is the largest cost component of raising a cow for beef, so lower grain prices often help to reduce meat prices. But meat companies like Tyson Foods Inc, which reported weaker-than-expected earnings on Monday, must pay top dollar for animals when there are fewer to slaughter. Processors are also paying more for labor, … [Read more...] about Shrinking U.S. cattle herd signals more pain from high beef prices

Share to Twitter Share to Linkedin When it comes to mobile-first populations, India leads the list. The country counts more than 1 billion active mobile subscriptions with a massive appetite for mobile apps and interaction. On a single day in December 2021, for example, an astounding 1.06 billion mobile subscribers were active on their phones. Fast forward to 2022, and the State of Mobile 2022 report by Data.ai , a market intelligence and decision-making platform for the mobile app economy, shows app downloads in India hit the highest levels yet. What's more, the report highlights an uplift in the two metrics that matter most to marketers: time and money spent on apps. Indian consumers spent roughly one-third of their waking hours on mobile, using their devices for an average of 4 hours and 42 minutes per day in 2021. Compare that to the average daily television viewership of around 3 hours and 17 minutes per day, and it's clear mobile is where the … [Read more...] about Targeting India’s Smaller Cities Paves The Way To Mobile Commerce Gold

Share to Twitter Share to Linkedin Gallery: The 93 Global Billionaires In Oil And Energy, 2016 87 images View gallery The incredibly powerful combination of fracking and horizontal drilling has sent U.S. natural gas supplies through the roof and prices through the floor. With marketed production increasing about 35% since 2008 to ~78 Bcf/d, prices have plummeted over 60% to around $3 per MMBtu. Check this U.S. Energy Information Administration (EIA) graphic to see just how historically low our gas prices really are, here . Last year brought the lowest gas prices we have seen since 1999 - and prices will remain low for as far as our modelers forecast. EIA just projected here that U.S. gas production will increase 1-2% per year in the coming decades, surging to 85 Bcf/d in 2020 and onto more than 100 Bcf/d by 2035 and even more in the subsequent years. This unstoppable rise in U.S. gas production stems mostly from an … [Read more...] about Why U.S. Natural Gas Prices Will Remain Low

Meme stocks are back, BBBY! advertisement advertisement The traders on internet message boards like Reddit’s WallStreetBets are back at it again, as shares of Bed Bath & Beyond have surged almost 100% since last Friday. Shares of AMC Entertainment and even GameStop have seen significant movement too in recent days. But Bed Bath & Beyond has, by far, been the most-mentioned stock on WallStreet Bets over the past 24 hours, according to data from Quiver Quantitative. However, there was another company whose stock was among the most mentioned, and it’s probably one you’ve never heard of: Magic Empire Global (ticker MEGL), a Hong Kong-based finance company that went public on Friday. Magic Empire Global’s shares saw their value skyrocket—from $4 per share to nearly $236 per share, an increase of almost 5,800%. On Monday, the stock ended its magical ride, to a degree, and as of roughly 1 p.m. ET, it was trading at less than $110 per share. … [Read more...] about Magic Empire Global IPO: Wild meme stock frenzy or something else entirely?

Cattle ranchers believe that beef prices will remain high as inflation, high energy prices and droughts are making it more expensive to raise cattle, according to Reuters. While grain prices have fallen as Ukraine’s exports have returned to the global market, the price of feed remains higher than it was last year, according to Reuters. This, combined with a decline in the number of cattle available for slaughter, is raising the cost to slaughter cattle, leading to a 10% increase in ground beef prices compared to last year, Reuters reported. (RELATED: Thousands Of Cattle Buried, Flattened In Mass Graves At Landfill) “The prices are here to stay for a while,” Glenn Brunkow, a Kansas cattle and sheep farmer, told Reuters. Brunkow also noted that he was paying 40% more on sheep feed, and that the prices were also impacted by the increased cost of diesel driving up the cost to bring an animal to slaughter. “People grossly underestimate how much the price of diesel fuel affects … [Read more...] about Beef Prices Are Going To Stay High — Here’s Why

- A + A KUALA LUMPUR (Aug 9): Here is a brief look at some corporate announcements and news flow on Tuesday (Aug 9), which include Hartalega Holdings Bhd, KLCCP Stapled Group Bhd, Texchem Resources Bhd, Leong Hup International Bhd, Serba Dinamik Holdings Bhd, ILB Group Bhd, Green Packet Bhd, G3 Global Bhd, Nestcon Bhd and Gabungan AQRS Bhd. Hartalega Holdings Bhd 's first quarter net profit slumped to RM88.28 million from RM2.26 billion a year earlier, as the rubber glove manufacturer's revenue dropped significantly, at a time when glove average selling price (ASP) and sales volume declined after rising to a record high during the crucial period of the Covid-19 outbreak, which began in early 2020. Hartalega said revenue dropped to RM845.67 million in the first quarter ended June 30, 2022, from RM3.9 billion a year earlier. KLCC Stapled Group Bhd 's net profit for the second quarter ended June 30, 2022 (2QFY22) rose 14.69% to RM165.18 million, from RM144.01 … [Read more...] about Hartalega, KLCCP Stapled, Texchem Resources, Leong Hup, Serba Dinamik, ILB, Green Packet, G3 Global, Nestcon and Gabungan AQRS

Representative image Impostor syndrome seems to be more common than actually thought, though at a collective level. People may often feel that the groups they are affiliated with may be underperforming in comparison to other groups. Although this self-critical approach may work in certain cases, it may also overlook the positives, and decrease the morale of those affiliated with the group. Many in India seem to have a collective/national-level impostor syndrome. While the Indian economy is much better placed than its peers in the emerging markets, and other economies, the government is being criticised on the economic front. The criticism comes when the fundamentals of the Indian economy are robust, despite the exogenous shocks caused by the COVID-19 pandemic, supply chain disruptions, monetary policy tightening by the US Federal Reserve, the Ukraine-Russia conflict, and inflated crude oil prices. India's macroeconomic health remains robust despite external pressures, and ongoing … [Read more...] about Bibek Debroy writes: India’s economy is better placed than its peers, other economies around the world

Accelerating inflation has cooled the Philippines’ second-quarter economic growth to 7.4 percent, below market expectations, the government reported on Tuesday. Gross domestic product (GDP) expansion during the April-to-June period was lower than 8.2 percent a quarter ago and 12.1 percent a year ago, National Statistician Dennis Mapa said in a press briefing. The majority of economists watching the Philippines had projected a sustained above 8-percent growth for the second quarter. Also, Mapa said second-quarter GDP or the total goods and services produced in the country was smaller than the first-quarter output by 0.1 percent. “Transportation and storage, manufacturing, human health and social work activities were the top contributors to the [quarter-on-quarter] decline,” the Philippine Statistics Authority (PSA) said in a statement. Socioeconomic Planning Secretary Arsenio Balisacan nonetheless noted that the Philippines was the second-fastest growing economy in emerging … [Read more...] about Soaring inflation cools PH Q2 GDP growth to 7.4%

(CTN News) – Here are the instructions on how to obtain the Tower of Fantasy Twitch drops if you tune in and watch Hotta Studios’ new Genshin Impact-style game being played by streamers; find out where you can get them. Tower of Fantasy has an anime-style game design and an open world storytelling style that rivals Genshin Impact 3.0. We’re giving away a bunch of Twitch drops to celebrate its launch, so here’s how to get them. You’ll want to check out Tower, if you’ve ever wanted to see what riding a motorbike in Genshin Impact would be like. Over 3 million people have already registered for Teyvat, which focuses on cyberpunk-style combat rather than Teyvat’s magical world. With Tower of Fantasy’s release date just around the corner, Hotta Studio has partnered with streaming giant Twitch to offer players a series of exclusive rewards; all you have to do is join. Are you looking to score some Tower Twitch drops? You can find everything you need here. Rewards … [Read more...] about Twitch Drops In ‘Tower of Fantasy’ And How To Claim Them

(Agence France-Presse) (The Jakarta Post) PREMIUM Hong Kong   ● Wed, August 10 2022 Most markets rose on Tuesday but investors moved cautiously ahead of United States inflation data later in the week, after a jobs report suggested the US Federal Reserve would likely need to continue its sharp interest rate hikes to tame runaway prices. A rally across global markets from June lows appeared to have hit the buffers after Friday's forecast-busting employment reading showed the world's top economy remained resilient but meant more monetary tightening was on the cards. There had been hopes that recent weak data — including one showing the economy contracted for two straight quarters — would allow the bank to take its foot off the pedal in lifting borrowing costs, and possibly begin cutting in 2023. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, … [Read more...] about Markets mostly up as focus turns to inflation data