Silver, gold sell off as precious metals markets nosedive

Argor-Heraeus’ CEO Robin Kolvenbach holds one kilo bars of silver and gold at the plant of refiner and bar manufacturer Argor-Heraeus in Mendrisio, Switzerland, July 13, 2022. Denis Balibouse | Reuters Gold and silver prices plunged Friday, as President Donald Trump‘s nomination for the next chair of the Federal Reserve, Kevin Warsh, appeared to relieve…

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Nikkei 225, Kospi, Jakarta Composite Index

Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Asia-Pacific markets opened mostly higher after U.S. President Donald Trump and Senate Democrats reached a provisional agreement to avoid a U.S. government shutdown. Trump endorsed a Senate deal to fund the vast majority of the federal government…

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Brian Niccol speaks on turnaround

Starbucks is back — at least, that’s what executives said at the company’s investor presentation in New York City on Thursday. “Starbucks is back today,” Chief Brand Officer Tressie Lieberman said. “One in three consumers say that Starbucks is their first choice for coffee or tea away from home.” Her proclamation comes more than a…

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E.U. edges out U.S. as New Delhi readies to slash duties on imported cars

This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. New Delhi-based tech startup founder Ashita Gupta loves her cars. With prospects of luxury European cars becoming cheaper, Gupta, who drives an Audi A6, is considering buying another high-end vehicle. It…

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