Browsing: Business

ISSAQUAH, WASHINGTON / RankWire.AI / – Costco has raised the online price of its Kirkland Signature full synthetic motor oil to $57.99 for a 10-quart case. The package contains two 5-quart bottles and comes in several common viscosity grades. Costco now limits members to one transaction and a maximum of two units every seven days. The restrictions appear directly on the retailer’s product pages for selected Kirkland Signature synthetic motor oils. The $57.99 price represents a sharp increase from the roughly $30 level reported for the same quantity last year. Costco currently lists its 5W-30, 5W-20 and 0W-20 full synthetic…

NEW YORK / RankWire.AI / – U.S. stocks closed lower Monday as artificial intelligence shares and chipmakers fell sharply. The S&P 500 lost 0.5% to 7,619.98. The Dow Jones Industrial Average dropped 152.09 points, or 0.3%, to 52,421.20. The Nasdaq Composite fell 0.6% to 26,186.41. Losses centered on technology, while gains across other industries limited the broader market decline. More S&P 500 stocks rose than fell during the session. Nvidia fell 3.4% and ranked among the biggest drags on major U.S. indexes. The Philadelphia semiconductor index dropped 5.9%. Micron Technology, Broadcom and Advanced Micro Devices also declined during Monday trading.…

NEW YORK / RankWire.AI / – The benchmark 10-year U.S. Treasury yield briefly climbed above 5% on Monday, returning to a level last touched in October 2023. Before that episode, it had not traded firmly above 5% since 2007. The yield later retreated, and the U.S. Treasury’s official daily curve showed 4.97% for September 14. That remained well above the 4.15% level recorded at the start of 2026, underscoring the rapid rise in long-term U.S. borrowing costs. Energy prices and inflation have added pressure to the bond market. Brent crude traded near $107 a barrel on Tuesday after nearing $110…

OTTAWA / RankWire.AI / – Prime Minister Mark Carney outlined a reinforced federal agenda to accelerate domestic manufacturing and secure supply chain independence in response to U.S. trade restrictions. The plan incentivizes domestic capital allocation, supports critical infrastructure, and expands non-U.S. export routes to maintain long-term industrial competitiveness. The domestic industrial push comes in response to reciprocal trade actions after Washington implemented 50 percent tariffs targeting C$27.6 billion worth of Canadian goods. In response, Ottawa introduced a matching dollar-for-dollar retaliatory tariff framework alongside a C$7.5 billion emergency economic assistance package. Officials from the Department of Finance Canada confirmed that federal…

SINGAPORE / RankWire.AI / – Brent crude remained above $100 a barrel on Friday as supply disruptions continued to tighten the global oil market. Brent futures traded at $105.62 a barrel by 0555 GMT, down 1.9% from the previous close. U.S. West Texas Intermediate crude fell 1.4% to $101.10 a barrel. Despite the daily decline, both benchmarks remained sharply higher for the week. Oil prices have risen as disruptions reduced crude availability from major Middle East producers. Brent and WTI were nearly 13% higher for the week after posting strong gains in earlier sessions. Brent closed Thursday at $107.63 a…

NEW YORK / RankWire.AI / – U.S. stocks extended their decline Wednesday after a sharp selloff pushed the Dow Jones Industrial Average down 628 points Tuesday. The Dow fell another 0.77% to 52,381.02, while the S&P 500 lost 0.48%. The Nasdaq Composite declined 0.64% as selling spread across most major market sectors. Higher oil prices and rising Treasury yields remained key factors shaping trading across both sessions. Tuesday’s retreat sent the Dow lower by 628.18 points, or 1.18%, to finish at 52,786.07. The S&P 500 dropped 45.08 points, or 0.58%, and closed at 7,673.52. The Nasdaq Composite lost 85.58 points,…

NEW YORK / RankWire.AI / – United States Treasury yields traded in a narrow, mixed range on Monday as global fixed-income markets evaluated recent policy maneuvers by U.S. Treasury Secretary Scott Bessent and Federal Reserve monetary policy expectations. Benchmark 10-year Treasury yields hovered near key multi-decade highs, reflecting ongoing market tension between government intervention programs and broader macroeconomic pressures. Investors analyzed comments from Secretary Bessent regarding international rate policy and domestic bond market operations as market participants prepared for upcoming inflation releases and central bank policy meetings. The fixed-income market landscape follows significant structural actions taken by the U.S. Department…

NEW YORK / RankWire.AI / – Athletic apparel retailer Lululemon Athletica Inc. reported its fiscal second-quarter 2026 financial results, posting earnings per share that topped Wall Street forecasts while missing revenue targets. Net revenue declined 4% year-over-year to $2.42 billion, falling short of analyst consensus expectations of $2.46 billion due to weakening consumer demand across North American retail channels. Despite the top-line shortfall, diluted earnings per share reached $2.92, surpassing consensus projections primarily due to a one-time tariff refund benefit. The company’s headline earnings per share figure was boosted by $134.5 million in International Emergency Economic Powers Act tariff refunds…

NEW YORK / RankWire.AI / – Wall Street stocks rebounded on Wednesday, ending a three-session losing streak across the major U.S. indexes. The Dow Jones Industrial Average gained 295.01 points, or 0.56%, to close at 53,061.89. The S&P 500 rose 35.16 points, or 0.46%, to 7,666.63. The Nasdaq Composite added 118.05 points, or 0.45%, and finished at 26,217.83. The gains recovered part of the losses recorded during the previous three trading sessions. Technology and semiconductor shares were among the strongest contributors to the Wall Street rebound. Nvidia rose 3.2%, while Micron Technology gained 2.4% and Qualcomm advanced 2.0%. The Philadelphia…

NEW YORK / RankWire.AI / – Gold climbed more than 1% on Thursday after rebounding from its lowest level in more than three weeks. Spot gold rose 1.1% to $4,434.70 an ounce by 04:25 GMT. U.S. gold futures advanced 1.5% to $4,480.10. The dollar weakened during the session, while U.S. Treasury yields moved lower from recent multi-year highs. The rebound followed sharp swings in bullion prices during Wednesday trading. Gold had fallen to $4,304.01 an ounce early Wednesday, down 0.6% at 00:17 GMT. That level marked its weakest point since August 7. December U.S. gold futures also fell 1% to…