to retreat

Samsung is at the forefront.. the global smartphone market is declining

The global phone market witnessed a decline of 9% during the second quarter of 2022 on an annual basis, according to a report published by Gizmo China, citing the Canalysys Corporation. Sales fell to 287 million units during the second quarter, the lowest quarterly number from the second quarter of 2020, which saw the announcement … Read more

Gold falls as dollar and bond yields rise

(MENAFN– Al-Bayan) Gold prices fell 1% today, Thursday, after US Treasury yields and the dollar rose, with expectations for gold already declining, due to fears that the US Federal Reserve will resort to a larger interest rate hike this month to tackle rising inflation. And gold in spot contracts fell 1%, to $ 1718.69 an … Read more

Wall Street’s main stock indexes closed lower

The major stock indices on the American Wall Street Stock Exchange closed lower at the end of trading on Friday. The Dow Jones Industrial Average ended the trading session down by 348.58 points, or 0.1%, to reach 32,899.70 points.. The broader Standard & Poor’s 500 Index lost 68.28 points, or 1.6 percent, to reach 4108.54 … Read more

Gold is rising as the dollar’s decline eases pressures to increase bond yields

Gold prices rose on Wednesday as the dollar’s decline eased pressures to increase the yield on Treasury bonds and the Federal Reserve’s hawkish stance on inflation. And the dollar’s decline increases the attractiveness of gold to buyers of other currencies. By 0106 GMT, gold in spot transactions rose 0.1% to $ 1816.56 an ounce. US … Read more

Kuwaiti newspaper newspaper | Oil prices fell due to the closures in China

Oil futures prices fell during trading on Tuesday, after fears of falling demand as a result of the closure measures in China to combat the emerging Corona virus, outweighed fears of supply disruptions due to the Russian war against Ukraine. West Texas crude, the US oil benchmark, was trading at around $102 a barrel today, … Read more

The dollar rises to its highest level in 20 years as rival currencies decline

The US dollar rose to a two-decade high on Thursday, led by widespread weakness in major rival currencies such as the yen and the euro. The dollar index, which measures the currency’s performance against six major currencies, rose 0.8 percent to 103.83, its highest level since December 2002. The US currency has risen by 10 … Read more