Gold set for best weekly gain since April amid rising US fiscal worries
Gold prices are on track for their best weekly performance in over a month, buoyed by a decline in the US dollar and investor unease over America’s fiscal outlook, which…
Energy price cap to cut bills by 7% from July, but households still under strain
Energy bills across the United Kingdom will drop by 7% from July 1, following a decline in wholesale gas prices, according to new figures from the energy regulator Ofgem. The…
Is it safe to buy the post-earnings dip in Workday stock?
The Workday stock price suffered a big reversal in the extended session as the company’s forward guidance came short of expectations. WDAY dropped to a low of $253.62, down by…
Oil prices drop, heading for weekly loss as OPEC+ weighs another supply increase
Crude oil prices were poised for their first weekly decline in three weeks as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) deliberated another substantial increase in…
Europe markets open: STOXX 600 +0.3% on strong UK retail data, German GDP boost; bond yields ease
European stock markets commenced Friday’s trading session on a positive note, with major indices broadly higher as investors found solace in retreating bond yields and welcomed a batch of brighter-than-expected…
Energy price cap to cut bills by 7% from July, but households still under strain
Energy bills across the United Kingdom will drop by 7% from July 1, following a decline in wholesale gas prices, according to new figures from the energy regulator Ofgem. The…
Apple stock under pressure: Will AI glasses make a difference?
Apple stock price has sold off this year, making it the top laggard in the Magnificent 7 group. It remains in a deep bear market after falling by over 20%…
OpenAI acquires Jony Ive’s AI startup io in landmark $6.5B deal: should Apple be concerned?
OpenAI will acquire io, the secretive artificial intelligence hardware startup co-founded by former Apple design chief Jony Ive, in a landmark all-stock transaction valued at nearly $6.5 billion. The move…
‘Not in a sweet spot’: JPMorgan’s Dimon sounds alarm on US stagflation, backs Fed’s rate hold
JPMorgan Chase & Co. CEO Jamie Dimon has voiced significant concerns about the US economy, stating he cannot dismiss the possibility of stagflation as the nation grapples with formidable risks…
Weak US outlook revives investor interest in emerging markets
Emerging market stocks are once again at the center of investor interest, driven by growing disillusionment with US assets and a renewed search for growth abroad. The shift comes as…