Gold fluctuates amid dollar strength: what’s next for prices?
Gold prices were steady on Tuesday as the yellow metal failed to capitalize on the previous session’s gains. Gold’s upside has been capped by a rising dollar. A stronger dollar…
Economy
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Oil struggles to break out; prices expected to trade in a narrow range ahead of OPEC meeting
Crude oil prices held on to gains on Tuesday as the market waited with bated breath for the OPEC+ meeting on Thursday. Oil prices got some support from positive economic…
Cargill to cut 5% of workforce as profit targets fall short amid low crop prices
Cargill, the Minneapolis-based company is planning to cut thousands of jobs worldwide, after the company fell short of its profit targets. The world’s largest agricultural commodities trader will reduce approximately…
European shares rise on tech and resources; France’s politics weigh, DAX 40 outshines
European equity markets saw a modest rise on Tuesday, with the pan-European STOXX 600 climbing 0.7%, bolstered by a 1.37% gain in technology stocks and a 1.25% rise in the…
President Joe Biden pardons his son Hunter Biden: everything you need to know
In a move that has sparked significant political and public debate, President Joe Biden issued a pardon for his son, Hunter Biden, on Sunday night. The decision marks a sharp…
China’s November factory growth surges to 5-month high: Caixin PMI hits 51.5
China’s manufacturing sector recorded its strongest growth in five months in November, offering fresh signs of recovery in the world’s second-largest economy. The Caixin/S&P Global Manufacturing Purchasing Manager’s Index (PMI)…
France’s government crisis: A warning for financial stability
France is on the verge of a political and financial crisis, with Prime Minister Michel Barnier’s minority government under threat of collapse. An impending vote of no-confidence and contentious budget…
Tesla’s 33% November surge drives tech rally, lifting dow, S&P 500, and Nasdaq
Wall Street’s major averages rose on Friday at the start of a shortened trading day. At the time of writing, the Dow Jones Industrial Average was up 0.3%, while the…
OPEC+ output cuts extended: a difficult decision amidst market uncertainty
The oil markets were left on the edge after the Organization of the Petroleum Exporting Countries and allies postponed their much-anticipated meeting on Sunday. OPEC on Thursday said that the…
The story behind China’s rise to becoming the world’s largest car exporter
China has transformed into the world’s largest car producer and exporter, surpassing traditional automotive powerhouses like Germany and Japan. This remarkable rise has been driven by massive government investment, a…