Category: Business

Commodities outperformed other assets this year as a recovery from the pandemic boosted demand though gold’s poor showing dented investor appetite. Heading into 2022, commodities, which often perform well late in economic cycles, are due to remain competitive with equities as global growth extends its upward trek, analysts said. “We like both equities and commodities […]

Social media platform Parler said on Monday it will expand its business into non-fungible tokens (NFT), in a move that underpins the rapid growth of the digital asset in recent months. An NFT, which is a digital asset usually bought with cryptocurrencies or in dollars, encompasses everything from images, videos to text. The ownership record […]

Japanese billionaire Yusaku Maezawa returned to Earth on Monday after a 12-day journey into space, ending a practice run for his planned trip around the moon with Elon Musk’s SpaceX in 2023. The 46-year-old fashion magnate and art collector, who launched from the Baikonur cosmodrome in Kazakhstan on Dec. 8 along with his assistant Yozo […]

This year, tech CEOs drew inspiration from a 1990s sci-fi novel, Reddit investors’ lexicon seeped into the mainstream as “diamond hands” and “apes” shook Wall Street, and something called a DAO tried to buy a rare copy of the U.S. Constitution. If you’re still drawing a blank as 2021 wraps up, here’s a short glossary: […]

The Federal Reserve’s more hawkish turn this week came amid heightened worries about economic recovery and inflation, but it has barely changed the bond market’s view that short-term interest rates could top out below the U.S. central bank’s estimated peak. Current betting even has rates staying below the inflation level the Fed projected over the […]

UBS Asset Management has excluded Exxon Mobil (XOM.N) and four other “unresponsive” energy companies from its climate aware range of funds, including one managed for UK pension scheme NEST, the firms said on Monday. The asset management arm of UBS also divested from Imperial Oil, Kepco, Marathon Oil and Power Assets following a three-year engagement […]

Hurricane-force winds that raked the U.S. Plains belt last week appeared to cause varying degrees of damage to a winter wheat crop that was already struggling with dry conditions, Kansas crop observers said. Young wheat plants were blown right out of the ground on the hardest-hit fields, but remaining wheat may be able to bounce […]