Costco gold and silver sales 'seem to have grown considerably': Wells Fargo
Costco Wholesale got into precious metals sales last year with gold bars and, according to a Tuesday research note from Wells Fargo, those may have picked up quite a bit since then.
Budweiser attempts rebranding with Super Bowl ads
Anheuser-Busch announced that it purchased a few minutes of ad space that will air during Super Bowl 58 to address the brand's declining sales.
Wall Street firms block client access to new spot Bitcoin ETFs
Large Wall Street firms are blocking retail investors from accessing the new “spot" Bitcoin ETFs recently approved by the SEC, FOX Business has learned.
Costco sold $100 million in gold bars last quarter
Costco apparently made quite a bit of coin from gold bars in the first quarter, with many online customers having opened their wallets to score ounces of the precious metal.
Oil prices bubble ahead of OPEC meeting
Oil prices are moving higher ahead of the Organization of the Petroleum Exporting Countries (OPEC) meeting scheduled for Thursday, after the alliance delayed the event last week.
Oil slides after OPEC's unexpected meeting delay
The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated meeting.
Oil slide hits Exxon Mobil profits
Exxon Mobil Corp reported a $9.1 billion third-quarter profit, about a 54% drop from record earnings a year ago. The decline comes as oil prices retreat from higher levels.
Chevron's profit slumps, shares fall
Chevron's third-quarter earnings missed Wall Street estimates by a wide margin, sending its share price down despite its recent megadeal with Hess.
A look at past oil shocks, Israel's war and Iran as wild card
Oil prices are expected to remain volatile as Israel mounts assaults in Gaza after surprise attacks by Hamas killed 1,300 Israelis. Now Iran is throwing its weight into the fight.
Stocks, oil and the Israel attacks
The global oil market got a jolt following the attacks on Israel, as did the U.S. stock market and now investors are trying to gauge how long the instability may last.
Exxon mulls Pioneer deal, shares jump
Pioneer Natural Resources shares spiked on rumors Exxon Mobil is closing in on a deal to purchase the company in what could be a $60 billion deal, The Wall Street Journal reported.
Costco quickly selling out of gold bars listed on wholesaler's website: 'Impeccable quality'
Costco members have taken to social media and Costco.com to review the 24-karat, one-ounce bars of gold being offered by the wholesaler. The bars come in two varieties with varying prices and sell out quickly.
Bunge, Viterra to merge to create global agribusiness giant
Bunge will buy Viterra for $8.2 billion. The acquisition will come alongside a $2 billion stock buyback and will merge ownership through a stock and cash deal.
Goldman Sachs slashes oil price forecast
Goldman Sachs lowered its 2023 outlook for crude prices by almost 10% citing a number of factors, even after Saudi Arabia's surprise production cut took the global markets off guard.
Ukrainian dam destruction sends global prices of wheat, corn soaring
The destruction of Nova Kakhovka dam in southern Ukraine has sent global prices of corn and wheat soaring, stoking fears about more disruptions in the global supply chain.
Elliott pushes for NRG Energy overhaul after disclosing position
Activist investor Elliott Investment Management LP, wants the energy company to appoint five new independent board members it has identified and selected.
Gold boom continues in 2023 nearing fresh record
The World Gold Council reports that the precious metal’s demand is on the rise and predicts it may reach record levels in 2023 fueled by economic uncertainties and the ballooning bank crisis.
Global commodity prices likely to slip in 2023, World Bank says
The World Bank expects much of the fall that has already occurred to now be steady for the remainder of the year, with prices possibly lifting in 2024.
Chevron, Exxon developing cleaner gas as alternative to EVs
ExxonMobil and Chevron are working together on developing new gasoline formulas that will bring down emissions to compete with electric vehicles.
Exxon Mobil, Pioneer rumors spark fracking M&A talk
Exxon Mobil is reportedly in preliminary discussions to acquire Pioneer Natural Resources as part of the oil and natural gas producer’s Permian Basin strategy.