Futures Rise Despite Oil Spike And Ongoing Korean Collapse, Ahead Of Fed, Meta And Microsoft

Largest Winemaker In America Turns To Hard Liquor As Young People Drinking Less E. & J. Gallo Winery, the largest wine producer in the United States and the world by volume, has completed a major pivot into hard liquor. The family-owned giant finalized its acquisition of iconic Kentucky bourbon brand Four Roses from Japan’s Kirin Holdings in a deal valued at up to $775 million. The move comes as the U.S. wine industry grapples with steep declines in sales and a generational shift away from traditional wine - especially among...

Muted Demand During India's Second-Biggest Gold-Buying Festival, After Prices Surge Gold demand during one of India's key buying festivals stayed muted on Sunday as record prices curbed jewellery purchases, ​offsetting a modest uptick in investment demand, according to Reuters.  Indians celebrated Akshaya Tritiya, the ‌second-biggest gold-buying festival after Dhanteras, when purchasing precious metals is considered auspicious. Only this time near record gold prices - the precious metal closed just over $4800 - kept buyer enthusiasm rather subdued.  "The sharp rally in prices curbed jewellery demand. In volume terms, buying was lower as consumers...

Three Supertankers Carrying Iraqi And Saudi Crude Sail Through The Strait Of Hormuz The wait is over: after the Persian Gulf side of the Hormuz Strait had turned into a bit of a parking lot late last week as tankers piled up hoping to use the ceasefire and make the crossing, two Chinese supertankers loaded with crude sailed through the Strait of Hormuz hours after a Greek vessel moved through the waterway, marking a significant uptick in oil shipping traffic. It represents the biggest day of oil exits through Hormuz since...