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US stock market: Airbnb shares plunge a record 15% after weak sales

Airbnb’s shares slid as much as 15.4% on Wednesday, their biggest intraday drop since the company went public in December 2020.

This illustration picture taken on November 22, 2019, shows the logo of the online lodging service Airbnb displayed on a tablet in Paris.(AFP)
Published on Aug 07, 2024 10:32 PM IST
Bloomberg | | Posted by Arya Vaishnavi

China's gold jewellery demand falls as global cenbanks buy gold, raising prices

Hong Kong jeweller Chow Tai Fook reported a 20% year-on-year decline in sales and a 26% fall in same store sales in mainland China, and by 31% in Hong Kong/Maca

China, one of Asia’s biggest consumer of gold besides India, seems to be turning its back to the yellow metal (HT)
Published on Jul 29, 2024 10:44 PM IST

Gold surges to all-time high amid US rate cut expectations and demand from China

Strong Demand from China whose reserves are low, as well as September interest rate cut expectations from the US Fed drive up gold prices.

The surge in gold prices was mostly led by anticipation of a rate cut by the US Fed in September (Unsplash)
Published on Jul 17, 2024 11:30 AM IST

Oil prices near two-month high on Middle East, Hurricane Beryl concerns

Brent crude futures rose 51 cents, or 0.59%, to $87.11 a barrel by 0845 GMT. US West Texas Intermediate (WTI) crude was up 51 cents, or 0.61%, at $83.89.

US gasoline demand is expected to ramp up as the summer travel season picks up with the Independence Day holiday this week.
Updated on Jul 02, 2024 03:38 PM IST
Reuters |

Robust demand boosts India factory growth in June, PMI shows

INDIA-MANUFACTURING/PMI:Robust demand boosts India factory growth in June, PMI shows

Robust demand boosts India factory growth in June, PMI shows
Updated on Jul 01, 2024 10:34 AM IST
Reuters |
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