Gold prices slumped more than 3% on Friday as a December interest rate cut by the US Federal Reserve looks less likely. Silver prices on COMEX plunged over 5%, tracking losses in the yellow metal. Silver has gained sharply over the last few sessions, and had overshadowed gold’s rise.Oil prices on…
Robinhood Markets Inc (NASDAQ: HOOD) is slipping this morning amidst a broader sell-off in the crypto market that’s even pushed Bitcoin below the $95,000 level.However, this pullback will likely prove short-lived since HOOD has quietly built a new business that’s growing even faster than is early crypto boom – “prediction…
Walmart Inc. (NYSE: WMT) is inching down this morning after its longtime chief executive, Doug McMillon, said he’ll retire in January, with John Furner set to take the reins on February 1st.Investors seem nervous primarily because they believe it may be hard to fill in for McMillon, who has transformed…
Europe saw a flurry of political and economic developments this week, from a major US–Swiss trade breakthrough to the UK government’s surprise decision to shelve a planned income tax rise.The BBC found itself in hot water over a misleading edit of a Trump speech, prompting an apology but no payout.And…
After months of punishing trade tensions, the US and Switzerland announced a breakthrough deal on Friday that will slash tariffs to 15% from the brutal 39% rate imposed in August.The agreement marks a stunning reversal for the Swiss economy, which saw exports to America collapse by 14% in the three…
The copper rally fizzled out quickly after the metal briefly soared past $11,000 per ton, as disappointing economic figures from China and the partial reopening of Indonesia’s key Grasberg mine cooled market enthusiasm and drove prices lower.The recent data on industrial output from China presents a mixed picture. While overall industrial…
Markets and geopolitics drove the news cycle on Friday, with Wall Street swinging sharply on fears of overheated AI valuations and fading hopes for a Fed rate cut.Corporate shake-ups also made headlines as Walmart named John Furner its next CEO. Tensions rose in Asia after China blasted Japan over comments…
Micron Technology Inc (NASDAQ: MU) pushed meaningfully higher on Nov. 14th after Morgan Stanley’s senior analyst, Joseph Moore, dubbed it a top pick heading into the new year.Moore raised his price objective on the memory chips manufacturer as well to $325 this morning, indicating potential upside of another 30% from…
President Donald Trump is preparing an executive order that will reduce tariffs on several widely consumed food imports, including beef, tomatoes, coffee and bananas, reported Bloomberg, citing a White House official familiar with the decision. The move comes as the administration faces increasing pressure from voters frustrated by persistently high…
In a fast-moving Friday across Washington and Wall Street, the United States announced a major breakthrough trade deal with Switzerland, signaled fresh tariff relief on key food imports, grappled with a high-profile leadership change at Walmart, and saw President Trump call for new investigations into Jeffrey Epstein’s connections. At the…