Here’s why Swatch Group and Richemont shares are crashing
The Swatch Group (UHR) and Richemont (CFR)) share prices have crashed hard in the past few months as investors dump luxury goods companies. Richemont stock was trading at CHF 120,…
Nikkei index drops over three percent amid global market slump
Tokyo’s Nikkei 225 index experienced a sharp drop of 3.02 percent, or 1,098.77 points, to settle at 35,292.70 in early trading on Monday. This decline follows a recent wave of…
Rolls-Royce share price suffers a mild reversal, still cheap vs GE stock
Rolls-Royce (LON: RR) share price suffered a harsh reversal last week as concerns about its A350 engine emerged and as global stocks crashed. The stock peaked at a record high…
As crude oil prices crash, these energy stocks are soaring
Energy stocks have plunged hard in the past few days as crude oil prices continued crashing. The Vanguard Energy ETF (VDE) has retreated in the past four consecutive days, moving…
Occidental (OXY): Warren Buffett’s top oil stock gets oversold
Occidental Petroleum (NYSE: OXY) stock price is falling apart. It has crashed in the last four consecutive weeks, moving to its lowest level since April 2022. After peaking at $70.73…
Venezuela’s media crackdown: Over 400 outlets shut down in a decade
In the past decade, Venezuela has seen the closure of more than 400 media outlets, marking a severe crackdown on press freedom under President Nicolás Maduro’s regime. As political unrest…
USD/RUB: Ruble waits for Russian inflation data, CBR decision
The USD/RUB exchange rate has moved sideways in the past few days as investors refocus on key actions from the United States, falling crude oil prices, and the upcoming Russian…
Nikkei index drops over three percent amid global market slump
Tokyo’s Nikkei 225 index experienced a sharp drop of 3.02 percent, or 1,098.77 points, to settle at 35,292.70 in early trading on Monday. This decline follows a recent wave of…
China’s CPI rises 0.6%, missing expectations as transportation and home goods prices drop
China’s consumer price index (CPI) increased by 0.6% year on year in August, falling short of the 0.7% growth anticipated by analysts. The slower-than-expected rise reflects a decline in prices…
As crude oil prices crash, these energy stocks are soaring
Energy stocks have plunged hard in the past few days as crude oil prices continued crashing. The Vanguard Energy ETF (VDE) has retreated in the past four consecutive days, moving…