Global markets steadied on Thursday after President Donald Trump abruptly walked back his tariff threat linked to Greenland at Davos, sparking a relief rally in US and European equities, even as the details remain unclear. In corporate news, Procter & Gamble beat profit expectations but missed revenue targets, pointing to softer consumer demand and new
It seems as if there is no stopping the ongoing rally in precious metals prices. Gold and silver hit fresh record highs on Friday as bets on an interest rate cut by the US Federal Reserve increased amid geopolitical uncertainties. Lower interest rates increase the appeal of precious metals as they are non-yielding assets, unlike
The precious metals market is witnessing records tumbling every trading week. Gold on COMEX rose to a record high of $4,969.69 per ounce earlier on Friday, nearing the coveted $5,000-per-ounce mark. Meanwhile, silver continued to outperform gold in dramatic fashion and came within a whisker of hitting $100 an ounce. Meanwhile, oil prices rebounded sharply
Tonight’s digest captures markets and geopolitics colliding in real time. In Abu Dhabi, Zelenskyy’s trilateral talks with Russia and the US deliver optics, not breakthroughs, as territorial red lines harden into a durable stalemate. In corporate America, Amazon’s sweeping job cuts underscore that Big Tech’s efficiency drive is structural, not cyclical. Meanwhile, investors are stampeding
Gold is knocking on the $5,000-per-ounce door after a historic 66% rally in 2025, driven by geopolitical shocks, a weakening dollar, and relentless central bank buying of the precious metal. The impressive rally has investors reconsidering a critical decision: should they own bullion directly or buy exposure through exchange-traded funds? The answer depends entirely on
Gold climbed to a fresh all-time high on Monday, crossing the $5,000-an-ounce mark and extending a powerful rally driven by heightened geopolitical tensions and growing concerns over global fiscal stability. The move underscores gold’s enduring role as a safe-haven asset during periods of uncertainty, as investors continue to seek protection against a volatile macroeconomic and
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Top corporate leaders expressed relief after US President Donald Trump stepped back from imposing new tariffs on Europe, but warned that geopolitical uncertainty and regionalization remain central concerns for global business. Speaking to CNBC on the sidelines of the World Economic Forum in Davos, executives said the easing of immediate trade tensions had lifted markets,
This time last week, the S&P 500 hit yet another all-time high, coming within a couple of points of 7,000. Over the previous two months, the index had made a series of higher lows and higher highs. Over the same period, the VIX index, a measure of S&P volatility, had declined steadily, falling back to
Adobe stock price continued its freefall this week, reaching its lowest level since November 22, turning one of the best-known software companies into a fallen angel. ADBE dropped to a low of $294, down by 53% from its highest point in 2024, with its market capitalization falling from the all-time high of $288 billion to