GBP/USD and EUR/GBP analysis: What next for sterling?
The GBP/USD exchange rate suffered a harsh reversal this week as the US dollar index (DXY) staged a strong comeback. It retreated to 1.3090, its lowest point since September 12,…
I’d avoid Exxon, Chevron stocks and buy OKE and WMB instead
Energy stocks have done well this week as the rising geopolitical risks in the Middle East pushed crude oil prices to their highest point in weeks. Brent, the international benchmark,…
Buy Accenture, NextEra Energy, Kinder Morgan, Starbucks stocks: Wells Fargo
John Sheehan, a popular Wells Fargo analyst, has identified a set of companies that he believes will do well over time. In particular, he identified companies with strong long-term earnings…
Banco Caja Social to acquire 51% stake in Banco W, strengthening microfinance in Colombia
In a landmark move for Colombia’s financial sector, Banco Caja Social has announced its intention to acquire a 51% stake in Banco W. This significant transaction, which has been reported…
September jobs report signals a new economic era: what’s next for the workforce?
The upcoming September jobs report is anticipated to provide further evidence of a labor market that has cooled in 2024. However, the slowdown is unlikely to be severe enough to…
Amazon, Macy’s, and Target lead the charge with over 500,000 jobs for holiday rush
With the holiday season fast approaching, major retailers in the US are preparing for the busiest shopping period of the year. However, despite the usual ramp-up in hiring, there’s a…
RBI expected to hold policy rates in October despite Fed rate cut, experts say
The Reserve Bank of India (RBI) is anticipated to keep the repo rate unchanged at 6.5% in its upcoming October 2024 meeting, despite the recent interest rate cut by the…
Oil prices could surge by $20 as tensions in Iran escalate, warns Goldman Sachs
Global oil markets are on edge as Goldman Sachs cautions that crude prices could skyrocket by $20 per barrel if Iranian oil production suffers from potential Israeli retaliation following heightened…
Indian equity markets remain volatile; Nifty Bank, ONGC gains, M&M Financials’ stock slump
The Indian equity market remained volatile on Friday on heightened tensions in the Middle East and higher crude oil prices. As of 11:03 AM IST, the Sensex was at 82,777.73,…
Oil prices could surge by $20 as tensions in Iran escalate, warns Goldman Sachs
Global oil markets are on edge as Goldman Sachs cautions that crude prices could skyrocket by $20 per barrel if Iranian oil production suffers from potential Israeli retaliation following heightened…