Bitcoin ETF options fuel US crypto market surge
The launch of options tied to BlackRock Inc.’s $44 billion iShares Bitcoin Trust has set the stage for potential record-breaking moments for Bitcoin. On Tuesday, Nasdaq Inc. reported the trading…
Economy
1610 posts
Will gold soar or stumble? Conflicting forecasts for 2025
After encountering a turbulent last week where prices had fallen by 4.6%, gold seems to have regained some of its momentum. Though prices have climbed more than 30% this year,…
Brazilian real strengthens as hawkish central bank bets and fiscal cuts boost BRL/USD
The Brazilian real strengthened to 5.76 per USD in November, fueled by hawkish expectations for the Brazilian central bank and anticipation of major fiscal spending cuts from the government. Brazil’s…
Why are LNG tankers diverting from Asia to Europe?
Cargoes carrying liquefied natural gas (LNG) have been diverted from Asia to Europe in the past few days, Reuters quoted data from analytics firm Kpler on Monday. According to the…
Nasdaq, S&P 500 rise ahead of key earnings; Tesla, Oklo stocks jump as Spirit Airlines halts trading
Wall Street’s main indexes rose on Monday as investors waited for major market-moving earnings results. Investors were waiting for the earnings results of AI-chip leader NVIDIA on Monday after last…
What’s driving the UK’s inflation concerns?
Inflation in the UK has re-entered the spotlight, sparking questions about what lies ahead for the economy. After a sharp decline to 1.7% in September 2024—below the Bank of England’s…
Precious metals bounce back as bulls look to dominate amid safe-haven inflows
Precious metals are on the bounce once again with gold and silver gaining grounds amid a softening of the US dollar. Gold prices snapped a six-day losing streak on Monday…
The many flavors of Ben & Jerry’s corporate activism
Ben & Jerry’s, the iconic ice cream brand known for its social activism, filed a lawsuit on Wednesday against its parent company, Unilever, accusing the consumer goods giant of censorship…
Why is the eurozone falling behind in the global economy scorecard?
The eurozone economy is grappling with a growing set of challenges, from declining industrial output to rising global trade tensions.Industrial production is contracting, growth forecasts are being downgraded, and the…
No respite in sight for weak oil prices even with heightened geopolitical tensions
Oil prices were slightly higher on Monday as tensions between Russia and Ukraine escalated over the weekend. According to reports, Russia launched its biggest air strike on Ukraine in almost…