A significant upward revision to May’s payroll figures, coupled with Wednesday’s hotter-than-expected inflation data, is easing the pressure on the Bank of England to implement rapid rate cuts. While cuts are still anticipated, they are now projected for August and November, ING Group said in its latest report.Contrary to last month’s…
Volvo Cars has reported a group operating profit (EBIT) of SEK -10.0 billion for the second quarter of 2025, a result that reflects a persistently challenging environment for the global automotive industry. While the headline number was significantly impacted by one-off charges, the company insists its comprehensive SEK 18 billion…
A quiet town in Maharashtra found itself in an international spotlight this week.Kolhapur, famed for its traditional leather chappals called the Kolhapuri chappals and intricate jewellery, played host to an unusual delegation from Italy.On Tuesday and Wednesday, four representatives from the luxury fashion house Prada visited the town to gain…
Asian equity markets rose broadly on Thursday as investor sentiment improved following US President Donald Trump’s comments downplaying the likelihood of removing Federal Reserve Chairman Jerome Powell. While he didn’t completely rule it out, Trump said the move was “highly unlikely” unless “he has to leave for fraud.”China and Hong…
Shares of PepsiCo Inc. climbed in premarket trading on Thursday after the snack and beverage giant reported a better-than-expected rise in second-quarter revenue, even as product volumes continued to decline and consumer sentiment remained cautious. The shares were rising by more than 2% during pre-market on Thursday. The company also…
Executives at several major Russian banks, designated as systemically important by the Bank of Russia, have been meeting behind closed doors to discuss the potential need for a government-funded bailout should the surge of bad loans on their books intensify over the next year.As per a Bloomberg report, the conversations,…
Rich Checkan, president and COO of Asset Strategies International, sees plenty of room for gold and silver prices to run, and he encouraged investors to consider the different ways the precious metals can provide portfolio support. In his view, gold is key for wealth insurance, while silver offers profit potential.…
Dow Futures barely budged on Thursday as investors kept an eye on the latest tensions between President Donald Trump and Federal Reserve Chair Jerome Powell.Dow Jones Industrial Average Futures slipped by 88 points, or 0.2%, while the S&P 500 futures inched up 0.1%. Nasdaq 100 futures hovered near flat.The global…
Andy Schectman, president of Miles Franklin, lays out his takeaways from the latest BRICS meeting, saying he sees a reset happening now. He also weighs in on the implications for gold and explains why he sees massive potential in silver. ‘The word that I think of is asymmetrical — low…
Dr. Nomi Prins of Prinsights Global discusses the real asset uprising and how to invest. ‘The uprising actually means that real assets don’t have value just for what they are in terms of price — they have value for their positioning in the geopolitical power battle,’ she explained. Securities Disclosure:…