Oil prices drop 1% as weak demand outlook offsets supply uncertainty

Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. The Trial Balance is CFO.com’s weekly preview of stories, stats and events to help you prepare. Part 1: Automattic’s former CFO, who allegedly “conspired” with board members to remove the company’s CEO, is now out himself. The…

A financial crisis that has long been predicted by Russia experts and Kremlin insiders appears to have finally arrived as banks see depositors scramble to pull out their money amid fears it may be seized. In the first half of August, Russians withdrew $3.4 billion (286.4 billion rubles), according to central bank data cited by…

Portfolio managers say chip demand should be resilient even in a period of political uncertainty.

News Published: Monday, August 31, 2026, 8:18 [IST] Gold rates and silver rates in India are likely to be under pressure on August 31, 2026, due to steep selloffs in the global bullion market. Spot gold dropped over 1% to trade around $4,400 per ounce and spot silver slipped below $66 per ounce. This is…

British lender Barclays has revealed plans to cut 5,000 jobs — about 5% of its total workforce — as part of an artificial intelligence-linked efficiency push. In its third-quarter earnings statement Thursday, Barclays said it was “structurally reducing the cost base to generate capacity for investment.” About 60% of the cuts are expected to be…

The S&P 500 Index ($SPX) (SPY) is up by +0.91% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.45%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.31%.  E-mini S&P futures (ESU26) are up +0.91%, and September E-mini Nasdaq futures (NQU26) are up +1.35%. Stock indexes are moving higher sharply today as falling oil prices…