Gold and copper slip as dollar firms; palladium extends gains
Gold prices fell on Friday as a stronger dollar and rise in Treasury yields weighed on investors’ sentiment. Though gold traded in the red on Friday, prices were still on…
Economy
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Brazilian consumer confidence dips in October, revealing mixed signals
In October, Brazilian consumer confidence suffered a small but significant shift in attitude, as seen by the seasonally adjusted FGV-IBRE Consumer Confidence Index falling by 0.7 points to 93. This…
S&P 500, Nasdaq rise sharply ending 3-day losing streak; Viking Therapeutics surge, while Capri’s shares slump
US benchmark equity averages rose on Friday as the market ended a three-day losing streak. At the time of writing, the Dow Jones Industrial Average was up 0.3%, while S&P…
Argentina secures $8.8 billion in financing from World Bank, IDB
In a move to strengthen its economy and tackle urgent social challenges, Argentina has reached an important financing agreement with the World Bank and the Inter-American Development Bank (IDB). The…
UK workers may gain right to strike for a full year under new proposal
The UK government is considering a significant change to strike legislation that would double the duration for which workers can take industrial action before requiring a new ballot. As of…
S&P 500 and Nasdaq Composite climb, Dow slips; Tesla soars on strong earnings, Boeing drops
US benchmark equity averages were mixed on Thursday, but S&P 500 index rose slightly led by gains in Tesla and others. At the time of writing, the S&P 500 index…
BRICS 2024: can the expanding bloc truly challenge western dominance?
As the world watches the latest shifts in global alliances, the 2024 BRICS summit in Kazan, Russia, stands out. It’s not just another gathering of diplomats and world leaders—it’s a…
Why did Lilium’s stock crash 61% — is there hope left for flying taxis?
Shares of Lilium, the electric vertical take-off and landing (eVTOL) vehicle manufacturer, plunged by more than 61% on Thursday after the company announced in a regulatory filing that its two…
Dow Jones falls for third day as yields rise; McDonald’s and Tesla slump, Walmart hits record high
US benchmark equity markets fell on Wednesday as Treasury yields continued to rise amid a shallow outlook for the Federal Reserve’s rate-cut cycle. At the time of writing, the Dow…
Why is the Bitcoin rally cooling as Trump’s return looms?
Bitcoin’s designation as a “Trump trade” is beginning to feel the pressure from broader global market shifts, spurred by the possibility of Donald Trump’s return to the White House. With…