Category
GOLD
Stories and analysis from The Business Now newsroom.
Business
Trump Threatens Oman Over Strait of Hormuz as US-Iran Talks Reach Critical Point
Trump Threatens Oman as Strait of Hormuz Crisis Deepens US President Donald Trump has issued a stark warning to Oman, saying the United States could take military action if Oman interferes with Washington’s efforts to control shipping through the strategically important Strait of Hormuz. The comments, reported on August 17, come at a highly sensitive...
Business
Is Bluesky Down Right Now? Users Report Widespread Outage, Login Problems and Feed Disruptions
Is Bluesky Down Right Now? Users Report Widespread Outage, Login Problems and Feed Disruptions Bluesky users are reporting widespread problems today, August 16, with the social platform failing to load properly for many people across different locations. Reports describe a range of issues, including login failures, blank or blue screens, feeds that refuse to load,...
Commodities
U.S.-Iran Deal Could Be Closer Than Trump’s Rhetoric Suggests: Pakistan Says Hormuz Talks Near Breakthrough
U.S.-Iran Deal Could Be Closer Than Trump’s Rhetoric Suggests: Pakistan Says Hormuz Talks Near Breakthrough Pakistan says the United States and Iran may be closer to an agreement than President Donald Trump’s latest hard-line statements suggest, raising fresh hopes that a diplomatic path could eventually reopen the Strait of Hormuz and ease pressure on global...
Business
U.S. Debt Alert: Treasury Is Paying More Than $3 Billion a Day in Interest as Deficit Heads Toward $2.1 Trillion
U.S. Debt Alert: Treasury Is Paying More Than $3 Billion a Day in Interest as Deficit Heads Toward $2.1 Trillion America’s fiscal picture is coming under renewed pressure as the federal government faces rapidly rising interest costs and another enormous annual deficit. New Congressional Budget Office figures show that net interest on debt held by...
Commodities
Gold Is Waking Up to the Warsh Fed: Inflation Fears Could Keep Bullion on Edge
Gold Is Waking Up to the Warsh Fed: Inflation Fears Could Keep Bullion on Edge Gold is entering a new phase of the Federal Reserve story. The metal’s next major move may depend less on whether the Fed cuts rates and more on whether investors believe new Fed Chair Kevin Warsh can actually bring inflation...
Business
Oil Prices, Fed Rate Cut Bets, and Iran Sanctions Collide—Why Global Markets Just Entered a Critical Turning Point
Oil Prices, Fed Rate Cut Bets, and Iran Sanctions Collide—Why Global Markets Just Entered a Critical Turning Point A series of major developments in the U.S. economy and global energy markets unfolded within hours, creating one of the most significant trading sessions in recent weeks. Weaker-than-expected private hiring, a sharp rise in U.S. crude oil...
Business
July 5 Economic Calendar 2026: Jobs, Inflation and ISM Services Could Shake Markets
July 5 Economic Calendar 2026: Jobs, Inflation and ISM Services Could Shake Markets The July 5 economic calendar brings a concentrated run of European and U.S. economic data, with services activity, producer prices, private-sector employment and U.S. oil inventories all scheduled to hit the market. Traders will be watching the data closely for potential signals...
Business
Oil Drops Near $80 as Strait of Hormuz Reopening Sparks Major Market Shift
Oil Drops Near $80 as Strait of Hormuz Reopening Sparks Major Market Shift Oil prices are sliding sharply as hopes for a U.S.-Iran agreement and a possible reopening of the Strait of Hormuz ease fears of prolonged supply disruption, sending a fresh shock through global energy markets. Brent crude fell about 4% on Tuesday, reaching...
Business
US GDP Growth Slows to 1.5% While Jobless Claims Rise to 197K: What the Latest U.S. Economic Data Means for Markets
US GDP Growth Slows to 1.5% While Jobless Claims Rise to 197K: What the Latest U.S. Economic Data Means for Markets The U.S. economy delivered mixed signals on Thursday as second-quarter GDP growth slowed more than expected while initial jobless claims increased from the previous week, pointing to moderating economic momentum but a labor market...