Spot gold has just surpassed the $4,480.00/oz mark, now quoted at $4,480.05/oz, down 0.94% on the day; COMEX gold futures main contract is now priced at $4,535.00/oz, down 0.23% on the day.

According to reports, Waymo, a subsidiary of Google, has independently developed a custom chip designed to enhance the performance of its autonomous taxis, expanding chip supply sources from third-party companies such as Nvidia to in-house production. This application-specific integrated circuit (ASIC) chip has already been mass-produced in Waymo's latest generation of driverless taxis and will improve the vehicles' response speed and navigation capabilities. Waymo stated that the chip delivers

Walmart shares dropped more than 8% intraday after the company’s updated annual performance outlook failed to impress investors. However, Chief Financial Officer John David Rainey said during a conference call with analysts that it’s important to remember the new forecast was made in the context of the company facing over $2 billion in incremental costs this year due to rising fuel prices. Rainey added that, compared to when Walmart first released its full-year outlook in February, the new guid

Justyna Zabinska-La Monica, Senior Manager of Business Cycle Indicators at the Conference Board, stated that the economy is expected to continue expanding, but growth will mainly be driven by corporate investment in the artificial intelligence sector. Rising living costs may reduce consumer spending, especially among middle- and low-income households. The Conference Board continues to forecast U.S. real GDP growth at 1.9% for both 2026 and 2027.

Justyna Zabinska-La Monica, Senior Manager of Business Cycle Indicators at The Conference Board: The Leading Economic Index for the United States edged up slightly in July, marking the fourth increase in the past six months. Except for consumer expectations, most component indicators showed an upward trend in July, with consumer expectations remaining a significant drag on the overall index.