On 9 December, silver’s price jumped 4 percent to $60.40 an ounce, its first time above $60. The price closed on 15 December at TK.
Category: 16 December 2025
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OIL SUPER GLUT’ DUE IN 2026, MAJOR TRADER FORECASTS
Next year, the world will be inundated by an oversupply of oil amid a sluggish global economy, creating a “super glut” of oil, according to Saad Rahim, chief economist for Trafigura, one the world’s leading commodities traders.
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TOP TREND 2022, SELF-SUFFICIENT ECONOMIES: JPMORGAN LAUNCHES $1.5-TRILLION INVESTMENT PLAN WITH ALL-STAR ADVISORS
JPMorgan Chase, the richest U.S. bank, will invest $1.5 trillion over the next 10 years in projects that enhance U.S. self-sufficiency in critical materials and boost competitiveness in advanced technologies, executive chair James Dimon has announced.
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JUST 10 PERCENT OF AMERICANS CALL 2025 A ‘GREAT’ YEAR
Americans may be eager to ring in the new year and leave the old one behind after a newly released survey found just one in 10 said they considered 2025 a “great” year.
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U.S. TRADE DEFICIT SHRINKS TO FIVE-YEAR LOW
In September, the U.S. trade deficit was its smallest since June 2020, the U.S. Commerce Department said, falling 11 percent from August to $52.8 billion.
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MIDTERM MADNESS
On 3 November 2026, millions of Americans will head to the polls in the midterm elections that come with very high stakes for the Trump administration and how the rest of his term may play out.
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HOMEOWNERS LOSE EQUITY AS HOME PRICES COME OFF MULTI-YEAR HIGHS
The rise in the selling price of U.S. homes has been slowing for much of this year as more homes have come on the market and sellers have cut prices to entice a still relatively small pool of qualified buyers.
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TRUMP ADMINISTRATION GIVES NEW BOOST TO CRYPTO WITH BANK APPROVAL
The Trump administration announced last week that it approved the applications from five crypto companies to start their own national banks, which was seen as President Donald Trump’s latest effort to help boost the crypto market and return the favor of campaign support by the sector.
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RETAILERS HAVE CUT MORE THAN TWICE AS MANY JOBS THIS YEAR AS LAST
This year, U.S. retailers have dumped 140 percent more workers than they did in 2016, outplacement firm Challenger, Gray & Christmas reported.
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JOBLESS CLAIMS SURGE
In the week ending 5 December, new claims for unemployment benefits increased at the greatest weekly pace since 2021, The Wall Street Journal reported.