Author: Lucas

By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — Stocks are drifting near their record heights on Wall Street Wednesday, while the price of gold falls again to trim more off its tremendous gain for the year. The S&P 500 slipped 0.1% in morning trading and is sitting just underneath its all-time high, which was set earlier this month. The Dow Jones Industrial Average was down 99 points, or 0.2%, coming off its own record. The Nasdaq composite was 0.3% lower, as of 10:15 a.m. Eastern time. Bank stocks were holding relatively steady after Capital One Financial, Western…

Namgoong Geum-sung, head of production support at Samsung Heavy Industries, right, and Vipin Kumar Saxena, CEO of Swan Defence and Heavy Industries, left, pose for a photo after signing a memorandum of understanding (MOU) on Sept. 29. [SAMSUNG HEAVY INDUSTRIES]   Samsung Heavy Industries signed a memorandum of understanding (MOU) with Indian shipmaker Swan Defence and Heavy Industries, a shipyard located in Gujarat, western India, to cooperate in the shipbuilding and offshore sectors, the Samsung subsidiary said Monday.   Swan Defence and Heavy Industries operates India’s largest dry dock — measuring 662 meters (2,172 meters) by 65 meters — and…

Key pointsPrecious metals face correction: Gold and silver pulled back on overbought conditions, softer India demand post-Diwali, and a stronger USD — a normal reset after a strong run.Miners hit harder: Their earnings are more leveraged to metal prices and costs, but quality names tend to rebound fastest once prices stabilise.Long-term opportunity: It might be prudent to use volatility to rebalance, upgrade into stronger miners or ETFs, and stage new entries — the long-term gold story remains intact.Gold and Silver prices have pulled back sharply, and mining stocks have felt it even more. That’s typical, since miners’ profits swing with…

Credit: Will Ireland / PinPep TWO-THIRDS of young people jetted off without travel insurance – because more than half didn’t think anything would go wrong. A poll of 2,000 adults found another 58 per cent of these Gen Z and Millennial travellers have skipped getting covered because it costs too much. Sign up for the Travel newsletter Thank you! Compare the Market highlight the importance of booking insurance at the same time as your tripCredit: Will Ireland / PinPep The average holiday insurance claim is around £4,500Credit: Will Ireland / PinPep But that risk doesn’t always pay off, as 29…

UK inflation may have cooled more than expected, but the headline figures mask a deeper challenge. Supply-side shocks are now the dominant force shaping growth and prices, keeping inflation stubbornly above target. With the UK yield curve appearing too flat for this backdrop, AJ Bell’s James Flintoft says investors should stay alert to the implications for bond allocations and diversification. James Flintoft, head of investment solutions at AJ Bell, comments: “While a softer inflation print gives the market some breathing space, it doesn’t erase the structural inflation story. Inflation is still nearly double the Bank of England’s target of 2%…

Russ Bukowski, President of Mastercam.Manufacturing leaders can’t navigate today’s technological landscape without encountering artificial intelligence at every turn. From medical devices to aerospace systems, AI features are being integrated into virtually everything.But I believe the question isn’t whether AI is coming to manufacturing; it’s whether the current surge delivers genuine value or simply represents the latest wave of over-hyped features that nobody actually requested.After spending considerable time speaking with manufacturing leaders, partners and industry experts, I can say that AI dominates nearly every business conversation today. However, when I dig deeper into these discussions, particularly with manufacturing executives, I find…

Image source: Getty Images When it comes to valuing stocks, there’s no single formula to use. However, one initial sign of potential value comes from share price movements. So when I spotted a FTSE stock that had been heavily beaten up over the past year, it made me want to take a closer look. Here’s what I discovered. Recent problems I’m referring to Greggs (LSE:GRG), the well-known UK bakery chain, famous for its sausage rolls, sandwiches and sweet treats. Over the past year, the stock’s down just under 50%. Based on my research, there are several obvious and some less…

Created: Oct 22, 2025 08:00 AM Tourists riding rental cycles in Hamilton (File photograph by Akil Simmons)Exit survey data tells the story in terms of what Bermuda tourism gets right and where there are gaps, said Lamar Caines, Bermuda Tourism Authority’s director of data strategy and insights, during a visitor insights presentation at the Bermuda Partnership Summit.Above all, Mr Caines cited transportation as a “huge” issue, highlighting that “reliability, availability of transport, that one is huge”.He said: “That is a new number. We don’t have a ton of trending data, so we’ve only asked that for the last two years.”The…

BRUSSELS, Oct 22 (Reuters) – The European Union’s 19th package of sanctions against Russia will list four companies in involved China’s oil industry that circumvent western restrictions, EU diplomatic sources said on Wednesday.The sources said the package lists two Chinese oil refineries, a Chinese trading firm and an entity involved in circumvention. Sign up here.The final text of the package has been agreed by member states but it has not been adopted yet owing to reservations from Slovakia on unrelated matters. Sanctions require unanimity to be passed.Reporting by Julia Payne; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.,…

Gold keeps setting records and Canada is producing a lot more of it.High gold prices over the past decade have driven new mine openings and expansions pushing Canada’s gold output up 31 per cent, according to the Mining Association of Canada. It pushed Canada past the U.S. into number four in the world two years ago, and Canada is still climbing with fresh projects, producing about 198 tonnes of gold in 2023, worth roughly $16 billion, according to Natural Resources Canada.“All we’ve been opening up is gold mines,” Pierre Gratton, president and CEO of the Mining Association of Canada told…