Palantir stock slides over 12% on reports of defence budget cuts
Shares of Palantir tumbled as much as 12.5% on Wednesday following a report that the Pentagon has been directed to prepare for 8% annual defense budget cuts in each of…
Economy
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US LNG supply increase could lower prices for Europe and Asia
The surge in US liquefied natural gas (LNG) exports is showing no signs of slowing down, reaching new heights as recently developed projects ramp up production. This trend is not only…
Migration hardliner Friedrich Merz expected to become Germany’s next chancellor as CDU leads polls
Friedrich Merz is on track to become Germany’s next chancellor, with his party, the Christian Democratic Union (CDU), and its Bavarian affiliate, the Christian Social Union (CSU), maintaining a strong…
Australia’s ‘Big Four’ banks slash rates as central bank makes first cut since 2020
Australia’s major banks—Commonwealth Bank, Westpac, ANZ, and National Australia Bank—announced 25 basis point interest rate cuts on Tuesday, following the Reserve Bank of Australia’s (RBA) decision to lower its benchmark…
US and Russia to meet in Saudi Arabia for Ukraine talks: what’s on the agenda?
Senior officials from the United States and Russia are set to meet in Saudi Arabia on Tuesday to discuss the ongoing war in Ukraine and broader US-Russia relations. The high-level…
Oil prices rise on Kazakhstan supply disruptions: is downside momentum fading for now?
Oil prices rose on Tuesday, following a drone attack on a Russian oil pipeline pumping station, which disrupted flows from Kazakhstan and added to gains from the prior session.“The recent…
What is the new Delaware bill? Everything you need to know
Delaware, a state known for its favorable corporate laws, has proposed a significant change that could reshape the relationship between corporate boards and shareholders. This new bill aims to limit…
Here’s why Goldman Sachs sees further upside in gold prices
Global banking institutions are forecasting that the price of gold will remain elevated throughout 2025, with the potential to reach a record high of $3,000 per ounce. This projection is primarily…
Japan’s economy grows 2.8% in Q4 as strong domestic demand fuels recovery
Japan’s economy expanded at an annualized 2.8% in the October-December quarter, surpassing market expectations, as robust capital spending and resilient consumer demand supported growth, government data showed on Monday. The…
Bitcoin-backed national reserves? Senator Lummis says BTC can be audited at any time
Senator Cynthia Lummis is urging the United States to consider Bitcoin as part of its national reserves. With concerns over inflation, government spending, and the long-term stability of the US…