Economy - Credit Smart Path

Gold Prices Today: Futures Hold Near Record Territory as Safe-Haven Demand Stays Strong

admin — Mon, 07 Sep 2026 11:02:13 +0000

Gold prices today: market snapshot Gold (GC=F) December futures opened at $4,673.40 per troy ounce on Monday, August 24, 2026, slipping 0.2% from Friday’s closing price. Even with that modest pullback, the metal remained firm in early trading, with the price rising to $4,712.60 per troy ounce as of 8:30 a.m. ET. The latest move ... Read more

Read more at Credit Smart Path

Trump Era Sparks Unexpected Renewable Energy Boom: Clean Energy Investment Poised for Record $180B Surge

admin — Sat, 05 Sep 2026 17:09:25 +0000

Clean Energy Defies Political Headwinds with Massive Investment Surge Despite expectations that renewable energy progress would stall under the Trump administration, clean energy investment in the United States is experiencing unprecedented growth, positioning the sector to shatter records with $180 billion in annual spending by the end of 2026. This remarkable expansion represents a 143% ... Read more

Read more at Credit Smart Path

US Stocks Rally on Strong Earnings as Bond Yields Surge to Multi-Year Highs

admin — Sat, 05 Sep 2026 06:13:04 +0000

Market Recap: Equities Defy Rate Pressure U.S. stocks closed higher on Friday, snapping a losing streak as robust corporate earnings provided a floor for equities even as the bond market continued to exert downward pressure. The S&P 500 gained 0.4% to 7,674.37, marking only its second advance in the six sessions since hitting an all-time ... Read more

Read more at Credit Smart Path

Hormuz Oil Crisis Ignites Global EV Surge: Sales to Hit 30% of Market in 2026

admin — Sat, 05 Sep 2026 01:06:00 +0000

The escalating crisis in the Strait of Hormuz has triggered a seismic shift in global automotive markets, with electric vehicle (EV) sales accelerating at an unprecedented pace. According to new analysis from Wood Mackenzie and the International Energy Agency (IEA), high oil and fuel prices resulting from the worst oil supply disruption in history are ... Read more

Read more at Credit Smart Path

Mexico Challenges U.S. Strawberry Dumping Ruling: Trade Tensions Rise Over $1 Billion Export Market

admin — Thu, 03 Sep 2026 20:05:38 +0000

Mexico Pushes Back on U.S. Strawberry Dumping Determination The Mexican government has formally expressed “serious concern” following a preliminary ruling by the U.S. Department of Commerce that found Mexican strawberry exporters guilty of dumping practices during the winter season. The decision, announced this week, threatens to disrupt a critical agricultural trade corridor valued at over ... Read more

Read more at Credit Smart Path

Global Market Watch: Retail Sales Slump, Fed Rate Hike Expectations, and Economic Shifts

admin — Mon, 31 Aug 2026 08:02:50 +0000

Retail Sales Slump and Consumer Spending Indicators A relatively quiet week in the global financial landscape kicks off under the significant shadow of the first decline in U.S. retail sales in nine months, reported last Friday. This critical macroeconomic metric sets the stage for highly anticipated second-quarter earnings results from major retail giants. These earnings ... Read more

Read more at Credit Smart Path

India’s Energy Pivot: ONGC Secures US OFAC License for Venezuela Operations, Unlocking $500M in Dividends

admin — Mon, 31 Aug 2026 08:01:37 +0000

US Sanctions Relief Clears Path for ONGC’s Venezuelan Return In a major geopolitical and corporate breakthrough, India’s state-owned energy giant, the Oil and Natural Gas Corporation (ONGC), has secured a specialized license from the U.S. Office of Foreign Assets Control (OFAC). This strategic regulatory waiver allows ONGC’s overseas investment arm, ONGC Videsh, to resume its ... Read more

Read more at Credit Smart Path

US Dollar Slips Against Euro as Dismal Retail Sales Drop Fed Rate Hike Odds to 30.6%

admin — Mon, 31 Aug 2026 07:02:04 +0000

US Dollar Slips as Soft Economic Indicators Cool Fed Rate Hike Expectations The US dollar index (DXY) flatlined at 99.60, retreating from its peak levels as market participants revised their expectations for near-term Federal Reserve monetary tightening. A string of disappointing macroeconomic data from the United States has led institutional investors to recalibrate their terminal ... Read more

Read more at Credit Smart Path

Bond Yields Spike to Decade Highs and Oil Hits $90 as Geopolitical Tensions Press Wall Street

admin — Mon, 31 Aug 2026 07:01:47 +0000

Wall Street Slides Under Bond and Geopolitical Pressure US stock indexes finished lower on Monday as a confluence of surging Treasury yields and escalating geopolitical tensions in the Middle East pressured equities. The Dow Jones Industrial Average dropped 0.5%, matching a 0.4% slide in the benchmark S&P 500. Meanwhile, the Nasdaq Composite edged down 0.3% ... Read more

Read more at Credit Smart Path

How Easing Financial Conditions Are Undermining the Federal Reserve’s Tightening Campaign

admin — Sun, 30 Aug 2026 10:01:15 +0000

Federal Reserve Chairman Kevin Warsh recently noted that financial markets had done “quite a bit” of the central bank’s heavy lifting regarding economic tightening. However, Wall Street has quickly shifted gears. A key gauge of US financial conditions published by Bloomberg recently hit its easiest level since 1996, highlighting a stark divergence between monetary policy ... Read more

Read more at Credit Smart Path