Financial Markets

Gold poised to resume bull market run in 2019-2020

Gold poised to resume bull market run in 2019-2020

Gold poised to resume bull market run in 2019-2020 Precious metal gold, which has been mostly ignored by investors this year, is in the midst of a solid recovery in December, and projected to be getting its safe-haven moment again soon. Gold prices were solidly higher this week, hitting a five-week high on Thursday at $1,267 per ounce. According to […]

Coal in stocking: Markets on track for worst December since Great Depression

Coal in stocking: Markets on track for worst December since Great Depression

Coal in stocking: Markets on track for worst December since Great Depression Wall Street has suffered the worst start to December since 1980, with stocks showing no sign of recovery before the holidays. The Dow and the S&P 500 are heading toward their worst final month since the Great Depression. The Dow Jones Industrial Average lost has 507 points, closing […]

Johnson & Johnson loses $39.8 billion in market value in 1 day

Johnson & Johnson loses $39.8 billion in market value in 1 day

(CNBC) Johnson & Johnson lost $39.8 billion in market value Friday after Reuters said the company knew for decades that its baby powder contained asbestos, an allegation the company denied. J&J said the story was “one-sided, false and inflammatory” and an “absurd conspiracy theory,” according to a statement. Thousands of lawsuits have accused J&J’s talc-based baby powder for containing asbestos […]

Iran loses market share in India as its oil exports slump in November

Iran loses market share in India as its oil exports slump in November

Iran loses market share in India as its oil exports slump in November India’s oil imports from Iran dropped to a one-year-low in November, plunging by 41 percent from October due to the US sanctions, Reuters reported on Thursday, citing industry sources and ship-tracking data. Iran also dropped to sixth place on India’s largest oil suppliers list, from fourth in […]